Internal Document Says European Aluminium Seeks Sanctions Against Russian Aluminium But Not Against Rusal
Trade group European Aluminium is mulling a push for European Union sanctions on imported Russian aluminium without targeting UC Rusal,...
Reuters
Novelis Refuses to Sign New Aluminium Purchase Contracts with Rusal
Novelis’s top brass said it would continue to honor its contracts in place with Russian aluminium giant UC Rusal, but the company would enter into no new deals once those contracts expire. Novelis’s CEO Steve Fisher spoke to Reuters this week on...
Russian Aluminium Stocks Swell In LME Warehouses As Traders And Buyers Find Alternative Supplies
Stocks of Indian and Chinese aluminium in London Metal Exchange warehouses plummeted in June due to a rush by traders...
India’s Appeal For Exemption From Section 232 Aluminium And Steel Tariffs Falls On Deaf Ears
The Indian government’s appeal for an exemption to the United States’ blanket import tariff on aluminium and steel is dead...
Events
Guangdong Aluminium Smelters Send Workers On Spring Festival Holiday Early Due To Tepid Demand
Several aluminium smelters in Guangdong, China are closing down earlier than usual for the Spring Festival holiday this year, while others are revising output goals downward for the current year, as domestic demand for aluminium in recent weeks has been weaker than expected. Although Beijing lifted the strict COVID-19 restrictions that have weighed down manufacturing […]
Citibank Deposits Large Load Of Aluminium In LME Warehouses This Month: Sources
Most of the aluminium that hit London Metal Exchange (LME) warehouses this month came from Citibank according to sources claiming familiarity with the matter. According to reporting in Reuters late last week, a relatively high cost in borrowing money has clamped down on holding aluminium outside of LME warehouses as collateral for financial deals to […]
Glencore To Buy Aluminium From Rusal: Sources
Sources claiming knowledge of the situation say Glencore plc will buy aluminium for embattled Russian aluminium firm UC Rusal according to comments published in a wire service. Reuters reported on Thursday that two individuals with direct knowledge of the situation informed them of Glencore’s decision. Those sources also indicated that only about a tenth of […]
Glencore Ships Russian Aluminium To LME Warehouses: Reuters
News agency Reuters reported on Tuesday that Glencore plc has delivered significant amounts of aluminium from Russia to warehouses in the Republic of Korea (South Korea) registered to the London Metal Exchange and originating from UC Rusal. Two sources claiming knowledge of the situation told Reuters this week that the shipments of Rusal’s aluminium arrived […]
LME Sees No Evidence Of Large Aluminium Shipments From UC Rusal
There is no evidence that Russian Federation aluminium titan UC Rusal has been unloading primary aluminium into London Metal Exchange warehouses on a long-term basis. Such was the message relayed by the LME last week in the wake of news reports that Rusal intends to do just that in the near future. Commenting to Reuters […]
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 ...
