Reuters

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

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...

Events

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 […]

Hongquao’s Hometown Declares 2.5 Million MTPA in Seasonal Aluminium Capacity Cuts

The government of the Shandong city of Binzhou recently announced the closure of around 2.5 million metric tons per annum of aluminium smelting capacity over the coming winter months. Although the city is the home base of world’s leading aluminium producer China Hongqiao Group, the document, which was obtained by Reuters and authenticated by an […]