Aluminium Mining News

Canada vows 'full steam ahead' on ratifying trade pact after US lifts metals tariffs

"We were very clear that as long as the 232 tariffs were there it would be very, very hard for us to ratify the new NAFTA," Foreign Minister Chrystia Freeland said on Saturday.

Guinea boosts power output to foster bauxite refining

Guinea expects to boost its energy production capacity by nearly four-fold over the next six years as it pushes mining companies to refine their bauxite output locally.

China Hongqiao to restart shuttered aluminium capacity in replacement plan

The world's biggest aluminium producer will this year restart some of the smelting facilities it was forced to shut in 2017.

China March copper concentrate imports fall on-month, aluminium exports rebound

China's aluminium exports rebounded 59% month-on-month from a two-year low in February to reach 546,000 tonnes in March.

China's Chalco leapfrogs Rusal as 2nd-biggest listed aluminium producer

Chalco said on Friday it boosted annual aluminium output by 16 percent in 2018.

Rusal suspends bauxite mining in Guyana over labor conflict

Workers at Bauxite Company of Guyana Ltd. declined to work and demanded a pay increase.

Australian mining industry group praises free trade deal with Peru

Ratification of the deal is expected to deliver major investment and job opportunities for Australia’s mining industry.

Glencore will 'vigorously contest' $680m tax demand

The tax demand from the British authorities is linked to transfer pricing

Mining companies operating in Sub-Saharan Africa should invest in renewable energy — report

According to Fitch Solutions, off-grid mines could benefit from reducing their dependency on diesel while taking advantage of the region's favourable climate conditions.

The United States' aluminium tariff wall is crumbling

Aluminium associations the world over are calling for a refocus on China's massive production and export capacity.

South32 to cut 500 jobs at aluminium smelter – union

South32 is the latest mining company to cut jobs after Sibanye-Stillwater last week said that it could cut nearly 6,000 jobs.

Australia's South32 posts 18% jump in half-year profit

A surge in metallurgical coal output and stronger commodity prices helped boost its bottom-line.

Nanosized diamond used to create super strong aluminum alloy

The resulting material is expected to be used in the maritime industry.

Global aluminium market to remain undersupplied over coming years — report

While there are deficits ahead, the global aluminium demand picture will improve.

Arconic to split into two after rebuffing Apollo offer

Arconic has been under pressure from its biggest shareholder Elliott Management Corp to sell itself.

Indonesia plans 22% "safeguard" tariff on aluminium foil – WTO filing

The proposed tariff, would fall to 18% in the second year and 14% in the third year.

Norsk Hydro's Q4 hit by restricted Brazil output, shares hit 2-year low

"A prolonged embargo will have negative impact on earnings, cash flow and sentiment."

China's Chalco shuts Shandong aluminium plant amid rising power costs

Chalco is discussing "transformation, upgrading and development," with other shareholders of Shandong Huayu.

The aluminium puzzle: record deficit but bombed-out price: Andy Home

A new year but the same old problems for aluminium. "When you look at the economics of producing aluminium, these prices cannot be sustainable."

Government shutdown a double-whammy for American nail maker

The government shutdown is adding to the woes of U.S. companies already paying tariffs for their steel and aluminum.

LME to launch seven new contracts on March 11, lithium due in Q4

“We believe that these new cash-settled contracts... will help lower barriers to market entry"

China industry ministry to ban new steel project expansions – Xinhua

Miao Wei, minister of industry and information technology, said the capacity expansion ban would also apply to the cement and flat-glass industries.

Aluminum is the market to watch closely in 2019: Jason Schenker

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.

LME confirms it will end suspension on Rusal metal if sanctions lifted

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.

Rusal appoints independent director as new board chairman

Jean-Pierre Thomas was elected by the board as chairman with effect from Jan 1.