South32 Seals Contract With SRG Global For Engineering Services At Worsley Alumina
Australian metals miner South32 Limited named Western Australia specialist construction, maintenance, and mining services firm SRG Global as the long-term...
South32
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...
South32 To Shed 500 Jobs At Hillside Aluminium Smelter In South Africa
In a bid to restructure operations and reduce costs, Australian metals miner South32 Limited announced earlier this week the laying...
South32’s Profit Rises By 35 Percent In FY 19-20’s Front Half
Australian metals miner South32 Limited released results for the first half of FY 2018-19 on Thursday, turning in production numbers...
Events
Japan’s Aluminium Import Premiums Weakest In Two Years, But Spring Rebound Expected
A glut in supply has driven premiums for aluminium shipment to Japan in the current quarter to two-year lows. So said sources who spoke to Reuters earlier this week. Per the sources, the lion’s share of deals were conducted at US$85 per metric ton above spot price, though a handful were settled at US$84 and […]
Maintenance Issues Hamper Production At South32 Alumina And Aluminium Facilities, But Production Forecasts Remain Unchanged
Australian metals miner South32 Limited released production results for the first quarter of FY 2019 yesterday, reporting lower outputs at both alumina and aluminium operations, but drops not sufficient to adjust yearly production estimates. In the just-ended quarter, South32 refined 1,159 thousand metric tons of alumina, off by 11 percent from the preceding quarter. Worsley […]
No Time Like the Present for Renegotiating Power Contract for S. African Aluminium Smelter: South32 CEO Kerr
South32’s CEO Graham Kerr told the media earlier this week that the time for his firm to negotiate a new power contract with South Africa’s Electricity Supply Commission (ESCOM) for the Hillside aluminium smelter is now at hand. An economic slump and increased efficiency in power generation have lessened pressure on supply, he elaborated. Escom […]
Norsk Hydro Alerts Bauxite Customers of Supply Problems from Brazilian Mine
Norsk Hydro ASA yesterday issued a notice of force majeure to buyers of its bauxite, as a lack of water in the area has prevented Brazilian miner Mineração Rio do Norte (MRN) from delivering sufficient levels of ore to cover its contractual obligations. The firm advised bauxite customers that a drought in the region has […]
Record Alumina and Aluminium Production Boost South32’s FY2017 Results
Australian metals miner South32 Limited reported results for fiscal year 2017 on Thursday. The firm turned in strong performances across the board over the course of the fiscal year ending on June 30. Revenue for the year totaled US$6,950 million, a 20-percent improvement over last fiscal year’s revenue total of US$5,812 million. The firm turned […]
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 ...
