Glencore Ships Russian Aluminium To LME Warehouses: Reuters
News agency Reuters reported on Tuesday that Glencore plc has delivered significant amounts of aluminium from Russia to warehouses in...
Glencore plc
Glencore To Buy Aluminium From Rusal: Sources
Sources claiming knowledge of the situation say Glencore plc will buy aluminium for embattled Russian aluminium firm UC Rusal according to comments published in a wire service. Reuters reported on Thursday that two individuals with direct knowledge of the situation informed them...
Aluminium Dunkerque Signs Several New Deals With Glencore
Europe’s largest aluminium smelter has agreed to buy feedstock alumina from Anglo-Swiss metals miner Glencore plc, widening its supply pipeline...
Glencore Mulling Sale Of Its Share In Rusal’s Parent Company En+ Group
Anglo-Swiss metals miner Glencore plc announced earlier this week that it is conducting a review of all of its business...
Events
Sanjeev Gupta’s GFG Alliance Under Investigation By French Officials For Dunkirk Aluminium Smelter Funding Deal
Sanjeev Gupta’s GFG Alliance is facing an investigation by French authorities into allegations that the firm may have been involved in misuse of corporate assets and money laundering, among other charges. This week’s revelation is yet another blow to GFG Alliance, which has been navigating the stormiest of seas since major financial backer Greensill Capital […]
GFG Promises Legal Action Against AIP To Regain Dunkirk Aluminium Smelter
GFG Group pledged on Tuesday to fight back against an ownership transfer of Dunkirk aluminium smelter to American Industrial Partners (AIP) that occurred last week due to GFG Group’s default on a loan to AIP. GFG said in a statement that it will pursue legal avenues against AIP’s transfer, accusing it of acting in bad […]
GFG Alliance In Talks With Glencore Over Refinancing Aluminium Assets’ Debt
The struggle to keep Gupta Family Group Alliance’s assets funded continued last week as its head Sanjeev Gupta continued talks with Glencore plc to refinance the debt of GFG Alliance’s aluminium assets in Europe. Sources told AlCircle over the weekend that Glencore is in talks with GFG Alliance to refinance its over US$500 million in […]
Aluminium Of Greece Inks Power, Offtake Agreements
Greek metals conglomerate Mytilineos S.A. has inked agreements for both power provision and offtake for its subsidiary Aluminium of Greece according to a company officer. Mytilineos president and CEO Evangelos Mytilineos said on a conference call that it now has a power agreement with PPC that runs until 2023. Upon the contract’s expiration, Aluminium of […]
Mitsubishi To Buy 30 Percent Stake In Glencore’s Aurukun Bauxite Project
Japanese conglomerate Mitsubishi Corporation announced last week an agreement with Glencore plc to take a 30-percent share of the latter’s Aurukun Bauxite Project in Australia. No price terms were given by either party at the time of announcement. Though Mitsubishi currently has interests in the aluminium smelting and trading sector, the purchase will mark the […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
