Mytilineos Planning a US$400 MM Alumina Refinery in Greece
Greek industrial conglomerate Mytilineos Holdings S.A. announced late last week a plan to build a US$400-million alumina refinery on its...
Glencore plc
Rio Tinto Pondering Placement of Pacific Aluminium on Australia’s Stock Exchange
Rumors have surfaced in Australian media outlets that Anglo-Australian mining titan Rio Tinto Group is weighing listing Pacific Aluminium on the country’s securities exchange in the near future. According to a column published in The Australian Financial Review earlier today, Rio Tinto...
Rio Tinto Sweetens Pacific Aluminium Package with Australian Alumina Assets
Mining giant Rio Tinto Group is adding two alumina refineries in Australia to the Pacific Aluminium portfolio in an effort...
Qatar Investment Authority Mulls Buying In to En+’s Upcoming IPO
Russian Federation energy concern En+ Group may have found another major buyer for its planned IPO in London and Moscow...
Events
Glencore to Trade Interest in Rusal for Stock in En+ Group
Russian Federation energy firm En+ Group announced Wednesday that Glencore plc will acquire stock in the firm after trading back its 8.75-percent interest in U.C. Rusal. The move comes as En+ Group endeavors to raise US$1.5 billion to launch an initial public share offering (IPO) on both the London and Moscow exchanges next month. Experts […]
Rio Tinto on Verge of Selling Pacific Aluminium to GFG Alliance
Anglo-Australian mining giant Rio Tinto Group is reportedly in talks with Sanjeev Gupta’s Gupta Family Group (GFG) Alliance for the sale of Rio’s aluminium operations in Australia and New Zealand. A report by the Financial Times indicates that sources tell them that Gupta is flying to Australia to participate in discussions regarding Pacific Aluminium (PacAl) […]
Century, Glencore Possible Buyers for Rio Tinto’s Pacific Aluminium Operations
Century Aluminium and Glencore plc are rumored to be contemplating the purchase of Rio Tinto Group’s aluminium assets in the Pacific. The assets are for sale at present through Deutsche Bank and could be sold for as much as US$1 billion. So says an article in today’s edition of The Australian, noting that the mining […]
Trump’s Argument Against Cheap Chinese Aluminium Has Merit: Glencore CEO
The CEO of Anglo-Swiss miner and commodities firm Glencore plc told a Florida audience that United States president Donald Trump “has a point” in calling out the powers that be in Beijing over their policies regarding the production and export of aluminium and steel. Ivan Glasenberg spoke as part of a Bloomberg Television panel at […]
No threat of closure for South East Europe’s smelters in near future
Latest on SEE primary aluminium industry In the Balkan region, there are currently five operational smelters producing some 610,000 tonnes of primary aluminium a year, with total capacity of 672,000 tonnes/year. However, production has decreased by over 180,000 tonnes in 2015, compared to 2006. Today, there are just over 6000 workers employed compared to over […]
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 businesses and policymakers to accelerate decarbonization efforts. However, with COVID-19 disrupting lives and economies in an unprecedented manner, countries across the globe ...
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 ...
Aluminium of Greece (AOG): is the Pechiney spirit still alive?
Between September 24-25, FastmarketsMB organized its annual aluminium conference in Athens. A day before the conference, in accordance with an ...
