Novelis Strikes Back At Anti-Competition Claims Raised By DOJ In Lawsuit Over Aleris Purchase
Atlanta’s rolled and recycled aluminium firm Novelis Inc. yesterday took to the court of public opinion its defense of a...
justice Department
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....
Zhongwang Seeks Legal Advice Over United States Criminal Charges Of US$1.8 Billion In Tariff Evasion
China Zhongwang responded to a United States criminal indictment against it and its controlling shareholder Liu Zhongtian on Sunday, saying...
Zhongwang’s Liu Zhongtian Indicted By United States Government For Allegedly Evading US$2 Billion In Aluminium Tariffs
Aluminium behemoth China Zhongwang Holdings Ltd founder Liu Zhongtian has been indicted by the United States government on charges that...
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 […]
Zhongwang USA and Aleris Extend Merger Deadline Despite DOJ Action Against Alleged Zhongwang Affiliate Perfectus Aluminum
Zhongwang USA and Aleris Corp agreed on Friday to extend the deadline to cement the sale of the latter to the former by another two weeks. The previous deadline, which itself was the product of an extension, was Friday. “We remain in discussions with Zhongwang USA on the pending acquisition of Aleris,” explained Jason Saragian […]
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 ...
