Is Rio Tinto’s ISAL smelter a bargain or a smart investment?
At least three companies (including Swiss commodity trader Glencore and German Trimet Aluminium) have expressed interest in buying Rio Tinto’s...
Data released last week by the Aluminium Association of Canada showed a substantial drop in the sale of standard commodity ingot (P1020) aluminium from smelters in Canada to buyers in the United States from last month’s numbers. Per the association, exports to...
At least three companies (including Swiss commodity trader Glencore and German Trimet Aluminium) have expressed interest in buying Rio Tinto’s...
A handful of sources told Reuters yesterday of Oman’s Sohar Aluminium’s plans to confer with London financial institutions to discuss...
Alcoa Corp will soon resume negotiations with the union labor force currently on strike at Québec’s Aluminerie de Bécancour Inc....
Anglo-Australian mining giant Rio Tinto Group announced yesterday its decision to infuse C$250 million (US$199 million) into operations at Québec’s Vaudreuil alumina refinery. Per the firm’s press release, the investment will safeguard not only the plant’s ongoing production, it will also secure the future of those engaged to keep the plant running, which totals approximately […]
Rumors have surfaced in Australian media outlets that Anglo-Australian mining titan Rio Tinto Group is weighing listing Pacific Aluminium on the country’s securities exchange in the near future. According to a column published in The Australian Financial Review earlier today, Rio Tinto is exploring a full or partial listing on the Australian Securities Exchange (ASX) […]
Oman’s Sohar Aluminium announced yesterday that it has returned to full production following a power disruption that led to a total shutdown and damage to its potline last summer. Crediting the plant’s “all-inclusive teamwork,” Sohar said the entirety of the plant’s workforce collaborated to bring the potline back online quickly and safely. The quick turnaround […]
Reports that Rio Tinto agreed to sell the Dunkerque plant, the largest aluminium smelter in Europe, located in northern France, confirms the London-based company’s willingness to offload parts of its aluminium business. The deal was agreed with Liberty House, an industrial arm of British billionaire industrialist Sanjeev Gupta. Rio Tinto said in a statement that […]
Two potlines at Aluminerie de Bécancour Inc. (ABI) in Québec now stand idle after an impasse in labor negotiations motivated the plant’s management to lock out its union workforce. According to a union source quoted by Platts, “there is electricity in the plant but no production” at the 450-thousand-metric-ton-per-annum smelter. The plant’s co-owner Alcoa Corporation […]
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 ...
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...