Weak Sales Prices Hamper Earnings For Rio Tinto’s Aluminium Sector In Front Half Of 2019
Anglo-Australian mining giant Rio Tinto Group released results for the first half of 2019 late last week. The firm’s aluminium...
Rio Tinto Group
Rio Tinto Takes Liberty Group To Arbitration Over Final Payment On Dunkerque Smelter Deal
Anglo-Australian mining giant Rio Tinto Group is taking GFG Alliance to arbitration after the firm said Sanjeev Gupta’s company has yet to make the final payment for the purchase of Rio Tinto’s Dunkerque aluminium smelter. “Rio Tinto confirms it has triggered an...
Workers Trickle Back To Aluminerie de Bécancour As 17-Month Lockout Ends
Aluminerie de Bécancour’s (ABI) unionized workforce began making its way back into the plant on Friday, marking the end of...
Raw Material Problems Prompt Shutdown Of One Potline At Rio Tinto’s Iceland Aluminium Smelter
One of three potlines at Rio Tinto Group’s aluminium smelter at Hafnarfjörður has been idled due to a dearth of...
Events
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 […]
Lockout Ends At Aluminerie de Bécancour With Labor Vote To Accept Alcoa Contract Offer
A months-long lockout and curtailment at Aluminerie de Bécancour Inc. (ABI) in Quebec is over after a vote on Tuesday by locked-out laborers to accept a new contract offer from Alcoa Corporation. Members of the local chapter of United Steelworkers voted in favor of the six-year contract, which Alcoa characterized as the final offer they’d […]
Japanese Premiums For Aluminium Shipments Increase By 3 Percent In Third Quarter
Third-quarter premiums for Japanese aluminium shipments will rise by 3 percent to US$108 per metric ton thanks to a fall-off in supply that overrode apprehension over a possible drop in regional demand. The rise in premiums is the second consecutive rise, following an increase to US$105 per metric ton in April. Sources who spoke to […]
Tiwai Point Sees Bottom Line Drop Due To Rising Costs, Falling Prices
New Zealand’s Tiwai Point Aluminium Smelter witnessed a sharp drop-off in profits last year, and the site’s management says a shifting global aluminium market may continue to make life difficult for the smelter over the current fiscal year. Pacific Aluminium (New Zealand) Limited released results for the previous year yesterday that reflected a year-on-year drop […]
U.S. Trade Tension With China Prompts Rio Tinto To Shift Aluminium Exports To Europe: CEO Jacques
Anglo-Australian metals titan Rio Tinto Group says the trade troubles between the United States and the People’s Republic of China and the corresponding drop in demand in the States will see the firm shift shipments of aluminium to European customers. Such was the message delivered by Rio Tinto CEO Jean-Sébastien Jacques after the company’s annual […]
Are Things Finally Looking Up For The Aluminium Market?
Base metals prices recovered sharply in the first half of September, after a seasonal slump in August, as investors and traders hope that easing trade tensions between U.S. and China might boost demand for metals in the remaining part of the year. ...
Zhongwang Fake Semis Prosecution May Slam The Door On Key Routes For U.S. Import Duty Avoidance
The global aluminium market has been watching the trials and travails of Chinese behemoth Zhongwang with intense interest for the ...
Aluminium Prices Under Double Pressure: Trade Wars and Chinese Exports
Base metals prices tumbled to their lowest in several weeks at the start of August, after U.S. President Donald Trump ...
Dirty Metal – China’s Troublesome Tether Between Coal And Aluminium
The year 2019 has been a red-letter year for the aluminium sector in the People’s Republic of China. Despite trade ...
