Glencore plc

Aluminium Dunkerque Signs Several New Deals With Glencore

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 from its original alumina supplier Trafigura. Aluminium Dunkerque also signed a new deal to sell primary aluminium to Glencore, which it has...

Events

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 […]

Glencore Wins Ruling In Long-Running Federal Antitrust Case

A judge in the United States has limited the scope of an antitrust action against Glencore plc, JPMorgan Chase, and Goldman Sachs. Several aluminium purchasers brought suit against the trio in 2013 alleging that they colluded to fix prices for the metal rather than allow natural market forces to determine it. However, District Judge Paul […]

Century Aluminum Inks Supply Deal With Hammerer For Low-Carbon Aluminium

American aluminium smelter Century Aluminum announced earlier this week the sale of 150 thousand metric tons of its low-carbon aluminium to Austria’s Hammerer Aluminium Industries (HAI), which will be supplied to it via Glencore plc. Century’s low-carbon aluminium Natur-Al is produced using electricity generated via fully-renewable sources at Century’s Norðurál Grundartangi aluminium smelter in Iceland. […]