South32

Rusal Asks Japanese Buyers for Continuation of Q2 Aluminium Premium

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...

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Events

South32 Not Planning to Restart Idled Aluminium Capacity Before 2018

South32 Not Planning to Restart Idled Aluminium Capacity Before 2018

Australian metals miner South32 indicated on Thursday that it does not expect to reopen idled capacity at its aluminium and manganese operations in southern Africa in the course of the next two years. The firm idled the capacity in question due to a combination of depressed prices and an unreliable power supply in the region. […]

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South32 Posts Solid Numbers for Just-Ended FY2016

South32 Posts Solid Numbers for Just-Ended FY2016

Australian metals miner South32 released its Quarterly Report last week. The firm’s numbers met or exceeded FY2016 guidance for the just-ended financial year. According to the report, South32 produced 963,000 metric tons of aluminium, which was slightly less than the one million tons produced the previous year. South African aluminium remained level at 697,000 metric […]

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South Africa to Develop Aluminium Metals Hub

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 […]

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South32 – new start in bad times

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 […]

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Alumina Exports to Iran May Be Delayed Due to Legal Uncertainties

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 […]

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