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...
Marubeni
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...
ASI Certifies Portland Aluminium Under Performance Standard V2
The Aluminium Stewardship Initiative (ASI) this week certified Alcoa’s smelting and casting operations at Portland, Australia under its Performance Standard...
Alcoa Australia Slashes Production At Portland Aluminium To 75 Percent
Pittsburgh aluminium pioneer Alcoa Corporation announced last week that its joint venture Portland Aluminium is scaling back production to 75...
Events
Rio Tinto Partners With Marubeni To Increase Aluminium Sustainability In Japan
Anglo-Australian mining giant Rio Tinto Group is teaming up with Japanese trader and business conglomerate Marubeni Corporation on a collaboration to purchase Rio Tinto’s low-carbon aluminium for sale to Japanese downstream manufacturers. The firm said that the Collaboration Agreement’s first sale of RenewAl low-carbon aluminium will be to a major Japanese motorcycle manufacturer. The high-purity […]
Marubeni Now Offering Low-Carbon Aluminium Ingot On Its Trading Platform
Japanese trading house Marubeni said last week it will soon begin offering low-carbon aluminium ingot to Japanese buyers in response to domestic buyers’ desire for more options that are produced with lower amounts of greenhouse gas emissions. Buyers in the transport, packaging, and construction sectors have been particularly interested in low-carbon aluminium products, ahead of […]
Deals With Government, Power Companies Provide Alcoa Australia A Five-Year Respite
Alcoa Australia’s future is secure for another five years after the firm struck deals with electrical providers and the state government that include lower power costs and a A$160 million (US$124 million) aid package. The deals with AGL Energy, Origin Energy, and Alinta Energy were for a term of five years, but details of the […]
Aluminerie Alouette Sets Record For Aluminium Production At Pointe-Noire
Quebec aluminium smelter Aluminerie Alouette announced this week that its output during 2020 set a production record, besting its previous high-water mark set in 2016. “Aluminerie Alouette in 2020 broke its record of all time with an annual production of 620,706 tons of aluminium,” quoted AlCircle from its 2020 review statement. “It was a special […]
Portland Aluminium Smelter Needs Reliable, Cheap Power To Stay In Business After 2021: Partners
If the Portland smelter in Australia is to stay open past 2021, it must have a deal on reliable power that is cheaper than the agreement now in place. Such was the message conveyed by partners Alcoa Corporation and Alumina Ltd. last week. Alumina Ltd. Chief Executive Mike Ferraro told reporters at a mining conference […]
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 ...
