Reuters

China’s Primary Aluminium Production Jumps By 7.9 Percent In September

China’s Primary Aluminium Production Jumps By 7.9 Percent In September

The People’s Republic of China saw a 7.9-percent rise on the year of primary aluminium last month, reaching a total of 3.16 million metric tons according to the National Bureau of Statistics’ numbers released yesterday. Experts chalk up the increase to new...

Sources Say Glencore And Liberty House Among Trio Of Potential Buyers Of Rio Tinto’s Iceland Aluminium Assets

Sources revealed to Reuters late last week that at least three companies, including Glencore plc, have shown a strong interest in purchasing Anglo-Australian mining giant Rio Tinto Group’s aluminium operations in Iceland, Sweden, and the Netherlands for up to US$350 million. An anonymous source Reuters characterized as being involved in the banking industry reportedly told […]

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 […]