GFG Group Plans To Boost Aluminium Production To 1 Million MTPA Via Acquisitions: Sanjeev Gupta
Sanjeev Gupta told an industry gathering on Monday that his GFG Group expects to top 1 million metric tons per...
Sanjeev Gupta
GFG To Double Lochaber Smelter’s Capacity With Addition Of Aluminium Recycling Plant
Sanjeev Gupta’s GFG Alliance said last week it is preparing to invest £94 million in the construction of a new aluminium recycling facility in Scotland at its existing aluminium smelter at Lochaber. Local media said the investment would also include a doubling...
Alvance Looking For Raw Materials And Value Added Components In Quest For Vertical Integration
British commodities maven Sanjeev Gupta is shopping around for new components for its aluminium business Alvance, which it hopes to...
GFG Alliance Groups Aluminium Assets Into Paris-Based Firm ALVANCE
Sanjeev Gupta’s GFG Alliance announced on Monday its decision to gather its aluminium assets into one Paris-based firm named ALVANCE...
Events
GFG Alliance Inks Deal To Buy Duffel Aluminium From Novelis
Sanjeev Gupta’s GFG Alliance said yesterday it has agreed to buy Novelis’s Duffel BVBA aluminium plant in Belgium for an undisclosed sum. Yesterday’s purchase of the Belgian mill is the latest in a series of aluminium and steel purchases by GFG in recent months and years. The firm purchased Europe’s biggest aluminium smelter in Dunkirk, […]
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 arbitration process in relation to the sale of the Dunkerque aluminium smelter, France, […]
Liberty House To Expand Footprint In Mideast With UAE Purchase In 2019
A company official says Liberty House Group has its sights set on aluminium and steel assets in the United Arab Emirates in an effort at expanding its footprint in the Middle East. Liberty House Industries CEO Douglas Dawson explained to a UAE newspaper over the weekend that the move into the Middle East is imminent, […]
Liberty House Secures Funding For Purchase Of Aluminium Dunkerque From Rio Tinto
A financing deal between steel tycoon Sanjeev Gupta’s GFG Alliance and various lending institutions has been struck for the purchase of Rio Tinto Group’s Dunkirk smelter in France. In a press statement, GFG announced the arrangement, which was negotiated on standard terms and provides for five-year committed funds. The total amount financed was not disclosed. […]
Sanjeev Gupta’s Liberty House to Purchase Aluminium Dunkerque from Rio Tinto for US$500 MM
Rio Tinto’s Aluminium Dunkerque will soon become part of the Liberty House Group family thanks to a binding offer of US$500 million tendered by Sanjeev Gupta’s industrial and metals firm. According to a brief press release issued by Rio Tinto early yesterday, the offer is “subject to final adjustments” and cannot be formally accepted prior […]
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 ...
