Glencore Declining To Renew US$16 Billion Contract With Rusal
In a move that stunned the aluminium world, Glencore plc announced that it is not renewing its US$16 billion contract...
Norwegian aluminium producer Norsk Hydro ASA announced this week that it will sell 30 percent of Alunorte alumina refinery and 5 percent of MRN bauxite mine to Swiss miner Glencore plc. Per Glencore, the consideration on the sale should be in the...
In a move that stunned the aluminium world, Glencore plc announced that it is not renewing its US$16 billion contract...
Singapore-based Swiss multinational commodities trader Trafigura Group Pte. Ltd. is discussing the purchase of about 150 thousand metric tons of...
Individuals claiming knowledge of the situation told Reuters this week that Glencore has sent 40 thousand metric tons of aluminium...
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 of Glencore’s decision. Those sources also indicated that only about a tenth of […]
News agency Reuters reported on Tuesday that Glencore plc has delivered significant amounts of aluminium from Russia to warehouses in the Republic of Korea (South Korea) registered to the London Metal Exchange and originating from UC Rusal. Two sources claiming knowledge of the situation told Reuters this week that the shipments of Rusal’s aluminium arrived […]
Anglo-Swiss metals miner Glencore plc announced earlier this week that it is conducting a review of all of its business dealings with Russian firms, including the equity stakes it has in Russian aluminium giant UC Rusal’s parent company En+ Group. Glencore currently has a 10.5-percent share in Rusal’s parent company. However, the firm downplayed its […]
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 […]
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 […]
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 ...
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...