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...
Iceland
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 raw materials. Such was the announcement made to industry media on Tuesday. “Operations at the ISAL smelter have been impacted recently due...
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...
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),...
Events
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 […]
International Aluminium 2019 Conference – Key Takeaways
The FastmaketsMB aluminium conference is the sequel to the Metal Bulletin aluminium conferences, which have traditionally been one of oldest and biggest aluminium events in the world. This year, the conference was held in Athens between 23 and 25 September and was ...
Electric Vehicles (EVs): outlook for sales and aluminium demand
After last year’s electric vehicles (EVs) sales increase of 72% year/year, to 2.02 million, this year’s growth is expected to ...
Are Things Finally Looking Up For The Aluminium Market?
Base metals prices recovered sharply in the first half of September, after a seasonal slump in August, as investors and ...
Zhongwang Fake Semis Prosecution May Slam The Door On Key Routes For U.S. Import Duty Avoidance
The global aluminium market has been watching the trials and travails of Chinese behemoth Zhongwang with intense interest for the ...
