Rio Tinto Takes Liberty Group To Arbitration Over Final Payment On Dunkerque Smelter Deal
Anglo-Australian mining giant Rio Tinto Group is taking GFG Alliance to arbitration after the firm said Sanjeev Gupta’s company has...
Gupta Family Group (GFG) Alliance
GFG Alliance Inks Deal To Buy Duffel Aluminium From Novelis
Sanjeev Gupta’s GFG Alliance said yesterday it has agreed to buy Novelis’s Duffel BVBA aluminium plant in Belgium for an undisclosed sum. Yesterday’s purchase of the Belgian mill is the latest in a series of aluminium and steel purchases by GFG in...
Liberty House To Expand Footprint In Mideast With UAE Purchase In 2019
A company official says Liberty House Group has its sights set on aluminium and steel assets in the United Arab...
Liberty House Secures Funding For Purchase Of Aluminium Dunkerque From Rio Tinto
A financing deal between steel tycoon Sanjeev Gupta’s GFG Alliance and various lending institutions has been struck for the purchase...
Events
GFG Says Plans For Aluminium Wheel Plant in Scottish Highlands Are Still On Track
The Gupta Family Group (GFG) Alliance told local media this week that its plans to construct a new plant in the Scottish Highlands dedicated to the production of aluminium alloy wheels is progressing smoothly. Plans announced shortly after GFG acquired the Fort William plant proposed that it produce up to two million aluminium alloy wheels […]
Sanjeev Gupta’s Liberty House to Purchase Aluminium Dunkerque from Rio Tinto for US$500 MM
Rio Tinto’s Aluminium Dunkerque will soon become part of the Liberty House Group family thanks to a binding offer of US$500 million tendered by Sanjeev Gupta’s industrial and metals firm. According to a brief press release issued by Rio Tinto early yesterday, the offer is “subject to final adjustments” and cannot be formally accepted prior […]
Liberty House Mulling Offer for Rio’s Dunkirk Aluminium Smelter
According to multiple sources claiming direct knowledge of the matter, London-based industrial and commodities firm Liberty House Group is weighing the possibility of tendering an offer for Rio Tinto Group’s smelter in northern France. A trio of sources told Reuters earlier this week that Sanjeev Gupta’s venture expressed interest in the Dunkirk plant, which is […]
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) […]
Aluminium Wrap – CRU’s 22nd World Aluminium Conference
CRU Group held its 22nd World Aluminium Conference in London between May 3-5. The event has long been among the premier events on the commodities calendar, and 2017 was no exception. This year’s focus was sustainability in the aluminium industry, investigating the delicate but important interplay between economic and environmental considerations, the effect of such […]
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 ...
