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...
South32
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 essentially level with previous periods but respectable growth in financial returns. In the fiscal year’s first half the firm reported revenue of...
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...
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...
Events
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 […]
Rusal Asks Japanese Buyers for Continuation of Q2 Aluminium Premium
According to Japanese aluminium buyers who spoke to industry media on Friday, UC Rusal requested of them a rollover of prices offered in the current quarter into this year’s Q3. S&P Global Platts said in an article yesterday that several Japanese buyers received an email from late Thursday requesting the move, retaining the current terms […]
Metal Bulletin’s 23rd Bauxite and Alumina Conference
Metal Bulletin held its 23rd Bauxite and Alumina Conference in Miami last week. The gathering brought together major industry participants in a collegial environment to discuss tactics and strategies related to production and consumption of bauxite and alumina. Representatives from over 160 public and private organizations on six continents attended the three-day meeting. More than […]
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 premium is almost one third above the contract price for the present month […]
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 ...
