Scottish Liberal Democrats Criticize GFG’s Deal With Government For Lochaber Aluminium Smelter
The Scottish Liberal Democratic Party spoke out this week about Sanjeev Gupta’s deal with the government to keep the Lochaber...
Lochaber Smelter
Lochaber Aluminium Smelter Loses £4 MM Despite £586 MM Government Guarantee
A financial report recently released by GFG Alliance shows that the Lochaber aluminium smelter in Scotland lost over £4 million after receiving a government guarantee of £586 million in the 2020-2021 fiscal year. According to the financial results, the Lochaber smelter was...
Business As Usual At Lochaber Aluminium Smelter As Fraud Probe Of GFG Commences
Aluminium smelting operations continue as usual at GFG Alliance’s Lochaber smelter despite an investigation into its parent company for serious...
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...
Events
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 said his firm is in discussions with its administrators regarding an agreement to pause payments to the troubled firm. On Friday, Gupta relayed internally that it was seeking a standstill agreement from Greensill Capital’s administrators, […]
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 aluminium recycling facility in Scotland at its existing aluminium smelter at Lochaber. Local media said the investment would also include a doubling of the aluminium smelter’s nameplate capacity, bringing it to 80 thousand metric tons […]
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 annum of aluminum-smelting capacity within the next two years by way of acquisitions. Speaking at the London Metal Exchange (LME) Seminar, Gupta relayed to virtual attendees that this total would be a significant rise above […]
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 […]
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 ...
