Aluminium associations the world over are calling for a refocus on China's massive production and export capacity.
Aluminium Mining News
South32 is the latest mining company to cut jobs after Sibanye-Stillwater last week said that it could cut nearly 6,000 jobs.
A surge in metallurgical coal output and stronger commodity prices helped boost its bottom-line.
The resulting material is expected to be used in the maritime industry.
While there are deficits ahead, the global aluminium demand picture will improve.
Arconic has been under pressure from its biggest shareholder Elliott Management Corp to sell itself.
The proposed tariff, would fall to 18% in the second year and 14% in the third year.
"A prolonged embargo will have negative impact on earnings, cash flow and sentiment."
Chalco is discussing "transformation, upgrading and development," with other shareholders of Shandong Huayu.
A new year but the same old problems for aluminium. "When you look at the economics of producing aluminium, these prices cannot be sustainable."
The government shutdown is adding to the woes of U.S. companies already paying tariffs for their steel and aluminum.
“We believe that these new cash-settled contracts... will help lower barriers to market entry"
Miao Wei, minister of industry and information technology, said the capacity expansion ban would also apply to the cement and flat-glass industries.
On the long list of leading indicators that market participants attempt to use to figure out where the economy may be headed, don’t overlook aluminum.
The LME proposed removing its block on Rusal metal on Dec. 19, after the U.S. Treasury's Office of Foreign Assets Control (OFAC) struck a deal with Rusal to sever the Russian oligarch's control over them.
Jean-Pierre Thomas was elected by the board as chairman with effect from Jan 1.
Rusal said it expected to choose Warnig's successor on Thursday.
Operating pressure on smelters is "reaching the extreme limit" even worse than in the fourth quarter of 2015.
Five metals fell by 13 percent or more, led by zinc, which lost more than 20 percent.
Deferring for the fourth time retaliatory action against higher import tariffs imposed by the U.S. on steel and aluminium, the government said on Monday.
Aluminium smelters in China are struggling to make money at current Shanghai aluminium prices resulting in significant output cutbacks.
Often cited as a market indicator for economic health, the metal has been under pressure since the summer, threatening to unwind a three-year rally.
The macro picture may have brightened just a little after the weekend meeting of the U.S. and Chinese presidents, but signs the global economy is losing momentum, do not bode well for metals demand.
China's biggest state-run aluminium producer has decided to make around 470,000 tonnes of annual output at units including Shanxi Huasheng and Shandong Huayu subject to "flexible" output arrangements.
Russia makes a move to support sanctioned aluminium producer Rusal.