justice Department

Arbitrator Compels Sale Of Aleris’s Lewisport Plant For DOJ Approval Of Novelis Buy-Out

Arbitrator Compels Sale Of Aleris’s Lewisport Plant For DOJ Approval Of Novelis Buy-Out

The arbiter assigned to the dispute between the United States Department of Justice and Atlanta’s rolled and recycled aluminium firm Novelis Inc. determined Aleris must sell its plant in Lewisport, Kentucky to satisfy the department’s antitrust concerns in relation to Novelis’ buy-out....

Events

U.S. Legislators Introduce Bipartisan Bill Seeking To Regulate Aluminium Pricing

A bill introduced jointly by one Republican and one Democratic member of the United States House of Representatives would, if passed, hand authority to the Commodities Futures Trading Commission to oversee the aluminium futures trading activity in the United States, including ceding it power to investigate price setting and benchmarking. Representatives Ken Buck (CO-04) and […]

U.S. Representative Seeks Federal Investigation into Midwest Transactional Premium

A federal representative from eastern Colorado is spearheading a petition to urge United States Attorney General Jeff Sessions to investigate allegations that S&P Global Platts is illegally manipulating the American aluminium market. Republican Representative Ken Buck’s office released the letter to Attorney General Sessions early last week. The letter alleges that, despite the logistical costs […]

China Zhongwang’s Q3 Profits Reach Highest Level in Half a Decade

Controversial aluminium extruder China Zhongwang Holdings Ltd reported third-quarter results yesterday. Lower sales volumes notwithstanding, the firm posted the best bottom line in the quarter in several years. China Zhongwang reported third-quarter net income of CNY1.08 billion, a year-on-year increase from last year’s third-quarter net income of CNY1.07 billion. That result was the highest quarterly […]