South32 Negotiates US$1.4-Billion Sustainability Linked Revolving Credit Facility
Australian metals miner South32 announced this week the successful refinancing of a US$1.4 billion sustainability-linked revolving credit facility. The new,...
South32
Record High Prices For Aluminium Do Little To Help South32 Clear Inventories In Latest Quarter
Despite receiving record high prices for aluminium at its Hillside smelter, South32 continues to experience difficulties in clearing inventory at both Hillside smelter in South Africa and Mozal aluminium smelter in Mozambique. In comments made during a second-quarter production update on Monday,...
South32 Boosts Stake In Mozal Aluminium By 15 Percent
Australian metals miner South32 increased its share in Mozambique’s Mozal Aluminium earlier this week, increasing its stake in the aluminium...
Alcoa To Restart Alumar Aluminium Refinery In Brazil After Six Year Shutdown
Pittsburgh aluminium pioneer Alcoa Corporation announced this week the reopening of its Alumar aluminium smelter in São Luís, Brazil. The...
Events
South32 Inks Two New Agreements With SRG Global For Services At Worsley Alumina
Earlier this week Australian metals miner South32 awarded a pair of services contracts for operations at Worsley Alumina to SRG Global worth approximately A$125 million. According to a filing with the Australian stock exchange, South32 has contracted for specialist Refractory Services from SRG Global, which includes gunning, casting, and installation of refractory products at South32’s […]
Fourth Quarter Aluminium Premiums Rise For First Time In Five Quarters To US$88 Per MT
Hints of a recovery in demand for aluminium in Japan came in the form of a rise in contracts for fourth-quarter premiums, as a quartet of anonymous sources told Reuters that buyers have already agreed to pay US$88 per metric ton above LME prices. “We have agreed with a producer at $88 a tonne this […]
Record Production At Brazil Alumina Propels South32 To 6 Percent Rise In Production In Prior Quarter
Australian metals miner South32 Limited released results for the second quarter earlier this week. Production of alumina rose slightly in the quarter while aluminium production held steady. In the previous quarter South32 refined 1,358 thousand metric tons, up by 6 percent on the month from last quarter’s total of 1,276 thousand metric tons and roughly […]
South32’s Bottom Line Punished By Weak Aluminium Prices In FY 2019
A drop in aluminium prices thanks to the heightening trade war between the United States and the People’s Republic of China took a serious toll on Australian metals miner South32 Limited’s results for the fiscal year of 2019, as the firm reported a 25-percent fall in annual profits over the course of the year. According […]
South32 Alumina Production Jumps 9 Percent Last Quarter To 1,307kt
Australian metals miner South32 Limited updated investors on progress during the closing quarter of fiscal year 2019 yesterday. Overall alumina production in the June quarter rose by 9 percent, with Worsley Alumina leading the charge with a 12-percent jump in production. South32 reported a 1-percent increase of production for the year at Worsley Alumina, ending […]
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 ...
