LME Bans Russian Aluminium In US Warehouses
Earlier this week the London Metal Exchange (LME) made the decision to ban Russian aluminium from its warehouses in the...
Russia
Glencore Declining To Renew US$16 Billion Contract With Rusal
In a move that stunned the aluminium world, Glencore plc announced that it is not renewing its US$16 billion contract with Russian aluminium titan UC Rusal. In an interview with Bloomberg, Glencore’s CEO Gary Nagle said it will complete the contract it...
LME Stores Of Russian Aluminium Hit 42 Percent In January
The London Metal Exchange this week confirmed that its holdings of Russian aluminium rose as expected in January to a...
Rusal Parent Company Says Report Of Bans On Russian Aluminium “Irresponsible”
En+ Group took the offensive against media reports suggesting that the United States government is considering sanctions on Russian aluminium...
Events
Russia Warns That Transitioning To Renewables Too Quickly May Spike Aluminium Prices
The Russian Federation is amenable to switching its power sources to renewables, but any such transition will be gradual so as not to spike power prices and, by extension, the industries that rely upon them heavily, including aluminium smelting. Such was the message conveyed by the country’s Deputy Energy Minister Pavel Snikkars earlier this week. […]
Aluminum Association Praises Commerce Department’s Finding Of Dumping Of Certain Aluminium Foils From Five Countries
Aluminium sector trade group Aluminum Association lauded the United States Department of Commerce for its final determination that importers from Russia and four other countries have been dumping certain aluminium foils on the American market. On Friday the Commerce Department found that aluminium foil exporters from Armenia, Brazil, Oman, Russia, and Turkey have been flooding […]
Moscow In Talks With Aluminium Firms On New Mineral Extraction Tax
Several sources with knowledge of the situation told Reuters this week that talks between the Russian government and producers of aluminium and other metals and fertilizers have yet to yield a consensus on how best to implement Moscow’s new tax structure on the commodities. Half a dozen separate sources told the wire service said that […]
Aluminum Association Lauds USITC Decision On Dumping Of Aluminium Foil From Five Countries
The Aluminum Association applauded a move by the U.S. International Trade Commission (USITC) last week to unanimously determine that some aluminium foil imports from Armenia, Brazil, Oman, Russia, and Turkey are injurious to American producers of the same. The USITC’s decision opens the door for the Department of Commerce to continue with antidumping and countervailing […]
Aluminum Association Files Complaints Over Foil From Five Countries But Allegedly Originating From China
The Aluminum Association’s Foil Trade Enforcement Working Group filed a formal complaint with the Trump Administration on Tuesday over imports from five different countries that they say are simply an attempted end run around antidumping and countervailing duty measures taken over two years ago against aluminium foil producers in the People’s Republic of China. According […]
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 ...
