South32

Rusal Offers Japanese Aluminium Buyers Premium of US$125/mt Plus LME in Second Quarter

Rusal Offers Japanese Aluminium Buyers Premium of US$125/mt Plus LME in Second Quarter

According to sources in the Japanese market, Russian Federation aluminium major UC Rusal is of the opinion that the second quarter contract premium should be US$125 per metric ton plus London Metal Exchange cash CIF (cost, insurance, and freight) Japan. Such a...

Events

South Africa to Develop Aluminium Metals Hub

South Africa’s Richards Bay Industrial Development Zone (RBIDZ) is planning on building an aluminium metals hub in the KwaZulu-Natal city to take advantage of the ever-increasing replacement of steel by aluminium in the world’s automotive sector. “Richards Bay has the benefit of being the home to South32’s Hillside smelter – the largest aluminium smelter in […]

South32 – new start in bad times

South32, a diversified recourse company, has had a difficult start since May 2015 after spinning off from its parent company, BHP Billiton. The turmoil in commodities has set a grim backdrop to the miner’s stock market debut. Since then the company’s shares have declined almost 50%, similar and parallel to BHP. Both have seen profits […]

Alumina Exports to Iran May Be Delayed Due to Legal Uncertainties

Although the UN Security Council lifted sanctions on Iran almost two weeks ago, major alumina firms continue to hesitate to export their wares to the country because of other international trade moratoriums that may still be in effect. “[Our] company position on this is that it is too early to say regarding Iran, but like […]