Sumitomo Metal Invests $12.5 Million in Nano One for Battery Material Collaboration
In a significant development aimed at bolstering battery technology, Japan’s Sumitomo Metal Mining has announced a substantial investment of C$16.9...
Japan
Japanese Q4 Aluminium Premium Dips Amid Sluggish Demand
Japan’s aluminium premium for the fourth quarter shipments decreased 24% to US$97 per metric ton, down from US$127.5 per metric ton in the previous quarter, according to sources close to the pricing discussions. This figure is the lowest since the Q1 of...
Japanese Aluminium Traders Agree On US$127.50 Premium In Third Quarter
According to sources with knowledge of the situation, Japanese aluminium buyers and sellers have agreed to a premium of US$127.50...
Japanese Buyers And Sellers Finally Settle On Third Quarter Aluminium Premium Of US$127.50
A Japanese buyer has taken the plunge into third quarter pricing this week, agreeing to pay a global premium of...
Events
Aluminium Bahrain Visits Mitsubishi Heavy Industries As New Gas Turbine Nears Completion
Aluminium Bahrain’s top brass toured the Mitsubishi Heavy Industries facilities in Japan last week in anticipation of its shipping and delivery of Alba’s new cutting-edge gas turbine to the firm’s aluminium plant in Bahrain. Alba’s chair Shaikh Daij bin Salman bin Daij Al Khalifa led the entourage in a tour of Mitsubishi Heavy Industries (MHI)’s […]
Japan Aluminium Premiums Drop By 33 Percent In Fourth Quarter
Fourth quarter aluminium prices in Japan took a tumble this week, as buyers are reporting a steep drop in premiums asked for and received in recent days. According to unidentified sources who spoke to Reuters this week, Japanese aluminium buyers have struck deals with at least two major producers to take delivery of primary aluminium […]
Sumitomo Predicts Premiums For Japanese Aluminium Will Continue To Fall
Next year’s aluminium premiums in Japan will likely fall in the US$125 to US$148 range, but Russian supplies of the metal will continue to be a wild card in 2023. Such was the prediction by Japanese trading house Sumitomo Corp last week. Currently the premiums for the third quarter are US$148 per metric ton above […]
Mitsubishi Materials Sells U.S. Aluminium Business To Apollo Global Mgmt For Undisclosed Sum
Earlier this week Mitsubishi Materials Corp announced the sale of its aluminium business to American investment fund Apollo Global Management. The sale amount was not disclosed to the public at that time. In a statement released to the press, Mitsubishi said that it was unable to find synergies with its other business areas, including copper […]
Japan Calls Upon United States For Deal On Section 232 Aluminium And Steel Tariffs
Japanese trade minister Koichi Hagiuda called upon the United States government to end Trump-era aluminium and steel tariffs during an online meeting with his American counterpart on Thursday. Hagiuda met with United States Trade Representative Katherine Tai last week in a meeting over the Section 232 blanket tariffs on steel and aluminium that were implemented […]
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 ...
