GFG Alliance Seeking Payment Pause For Debt Payments To Troubled Backer Greensill
In response to concerns raised by an insolvency filing by one of its financial backers, GFG Alliance leader Sanjay Gupta...
Lochaber Smelter
Gupta Assures Market That Closures Of Aluminium And Steel Plants Will Not Happen On His Watch
Despite ever more ominous news coming from one of its biggest financial partners, GFG Alliance head man Sanjeev Gupta promised this week that plant closures would not occur “under [his] watch.” According to financial industry reporting on Thursday, the administrator handling Greensill...
GFG To Double Lochaber Smelter’s Capacity With Addition Of Aluminium Recycling Plant
Sanjeev Gupta’s GFG Alliance said last week it is preparing to invest £94 million in the construction of a new...
GFG Group Plans To Boost Aluminium Production To 1 Million MTPA Via Acquisitions: Sanjeev Gupta
Sanjeev Gupta told an industry gathering on Monday that his GFG Group expects to top 1 million metric tons per...
Events
Rio Tinto Weighing Sale of French Aluminium Smelter
The resurgence of aluminium’s prices has prompted Anglo-Australian metals behemoth Rio Tinto Group to consider the sale of its 20-thousand-metric-ton-per-annum smelter in Dunkerque, France. According to a story that ran in The Australian this morning, Jean-Sebastien Jacques has been considering the sale of non-hydroelectric-powered aluminium assets, most of which the company acquired in its purchase […]
Liberty House to Produce 2 MM Automotive Aluminium Alloy Wheels per Year at Planned Lochaber Facility
The Scottish Highlands are poised to become a major producer of aluminium alloy wheels according to a newly-released plan by the Liberty House Group to build a plant at Fort William. Liberty House gained a foothold in the area in November when it closed a deal in conjunction with sister corporation SIMEC Group to purchase […]
Sanjeev Gupta to Invest US$150 MM in Lochaber Smelter
Scotland’s historic Lochaber smelter is soon to be the recipient of a much-needed infusion of cash from Liberty House’s boss Sanjeev Gupta. The metals tycoon has pledged a US$150 million investment to the smelter, which, in addition to converting the plant to production of aluminium wheels, is expected to safeguard the plant for the foreseeable […]
Lochaber Plant to Produce Aluminium Auto Parts
According to local media, the new owners of western Scotland’s Lochaber smelter intend to use it to produce aluminium automotive parts. Aberdeen newspaper The Press and Journal reported yesterday that Liberty House Group intends to convert the Alcan plant into producing aluminium alloys and hubcaps for sale to the automotive industry. Liberty House will complete […]
Rio Tinto Sells Lochaber Plant to SIMEC Group for US$410 MM
Anglo-Australian mining giant Rio Tinto announced yesterday that it had come to an agreement for the sale of its Lochaber plant to SIMEC Group and Liberty House for US$410 million. According to press releases issued by the companies involved, SIMEC’s sister company Liberty House will be the operator of the smelter. The sale includes hydroelectric […]
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 businesses and policymakers to accelerate decarbonization efforts. However, with COVID-19 disrupting lives and economies in an unprecedented manner, countries across the globe ...
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 ...
Aluminium of Greece (AOG): is the Pechiney spirit still alive?
Between September 24-25, FastmarketsMB organized its annual aluminium conference in Athens. A day before the conference, in accordance with an ...
