European Aluminium Can Recycling Rates Set Record High Of 74.5 Percent In 2017
Aluminium recycling rates in Europe rose again in 2017 to 74.5 percent, a 2.3-percent bump from the year prior and...
Iceland
Rio Tinto Says Landsvirkjun’s Anti-Competitive Actions May Lead To Iceland Aluminium Smelter’s Closure
Anglo-Australian mining giant Rio Tinto Group last week filed a formal complaint with the Icelandic government on claims that the firm’s power supplier to the Rio Tinto Iceland Ltd (ISAL) aluminium smelter engaged in anti-competitive behavior. The firm submitted its complaint to...
Raw Material Problems Prompt Shutdown Of One Potline At Rio Tinto’s Iceland Aluminium Smelter
One of three potlines at Rio Tinto Group’s aluminium smelter at Hafnarfjörður has been idled due to a dearth of...
Sources Say Glencore And Liberty House Among Trio Of Potential Buyers Of Rio Tinto’s Iceland Aluminium Assets
Sources revealed to Reuters late last week that at least three companies, including Glencore plc, have shown a strong interest...
Events
Norsk Hydro Calls Off US$345-MM Deal To Purchase ISAL From Rio Tinto
A February deal between Norwegian aluminium firm Norsk Hydro A.S.A. and Anglo-Australian mining giant Rio Tinto Group to buy Rio Tinto Iceland Ltd. (ISAL), a 53-percent stake in Dutch anode facility Aluminium & Chemie Rotterdam B.V. (Aluchemie) and a half interest in Swedish aluminium fluoride plant Alufluor AB (Alufluor) to for US$345 million is no […]
Norsk Hydro Tenders Binding Offer for Purchase of ISAL Smelter to Rio Tinto for US$345 MM
Norwegian aluminium firm Norsk Hydro A.S.A. announced yesterday the tender of a binding offer for Rio Tinto Iceland Ltd. (ISAL), a majority share of Dutch anode facility Aluminium & Chemie Rotterdam B.V. (Aluchemie) and a half interest in Swedish aluminium fluoride plant Alufluor AB (Alufluor) to Anglo-Australian mining giant Rio Tinto Group for US$345 million. […]
Is Winter Coming for Iceland’s Aluminium Smelters?
Despite its location far north of the ecliptic and far distant from the world’s major industrial centers, Iceland has developed a robust and inexpensive energy infrastructure. The island’s location astride two major diverging tectonic plates and atop a massive mantle plume supplies it with an essentially inexhaustible supply of geothermal energy. Centuries-long use of hot […]
Workers at Rio Tinto’s Iceland Smelter to Block Aluminium Exports Over Wage Row
Workers at Rio Tinto’s Straumsvík plant have elected to stop loading aluminium onto shipping vessels starting next Wednesday. This is the latest move in a long-running labor dispute between the unions and plant management. The plant, located in Hafnarfjörður, has a yearly output of 180,000 metric tons and is responsible for fully one quarter of […]
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 ...
