Reuters

Japan Aluminium Third Quarter Premiums Dip By 3.7 Percent Thanks To Weak Demand

Japan Aluminium Third Quarter Premiums Dip By 3.7 Percent Thanks To Weak Demand

A trio of sources who spoke to Reuters said that Japanese buyers are settling on premiums of around US$79 per metric ton for aluminium shipments for the third quarter, which represents a drop of 3.7 percent over premiums paid for shipments during...

Events

Rusal Crisis Teases Out Alumina Exports of Up To 500k Tonnes from China

Due to sanctions placed by the United States government upon Rusal and the resulting scarcity of it, alumina refiners in the People’s Republic of China have begun shipments of the material to overseas buyers in loads of up to 500 thousand metric tons. According to sources who spoke to Reuters, Aluminum Corp of China (Chalco) […]

Sanctions Against Rusal Lead to Cessation of Bauxite Shipments from Guyana

The unintended consequences of United States sanctions upon Russian business interests continue, as German shipping group Oldendorff Carriers GmbH & Co. KG. cites U.S. Treasury Department sanctions levied against U.C. Rusal as the reason it has been forced to suspend its business with Guyana. In a statement sent to Reuters, Oldendorff said it plans to […]

Local Chinese Officials Cited for Faking Numbers to Avoid Mandatory Aluminium Production Cuts

A national newspaper in the People’s Republic of China has reported on allegations leveled at local officials in Shandong claiming that they employed doctored numbers in order to avoid carrying out mandatory aluminium and steel production cuts. According to Reuters, state-run newspaper China Youth Daily published a report from the Ministry of Environmental Protection accusing […]

Liberty House Mulling Offer for Rio’s Dunkirk Aluminium Smelter

According to multiple sources claiming direct knowledge of the matter, London-based industrial and commodities firm Liberty House Group is weighing the possibility of tendering an offer for Rio Tinto Group’s smelter in northern France. A trio of sources told Reuters earlier this week that Sanjeev Gupta’s venture expressed interest in the Dunkirk plant, which is […]