Aluminium Mining News

China's copper, iron ore imports slump as economic growth slows

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.

Trade war relief for metals, but bull-bear battle rages on: Andy Home

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 Chalco shuts 470,000 tonnes of aluminium capacity as price slump bites

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 sets aside 10B roubles to buy aluminium

Russia makes a move to support sanctioned aluminium producer Rusal.

Saudi Arabia says new mining project to increase non-oil GDP by 3%

King Salman inaugurated the Waad Al-Shamaal mining project, which is expected to boost the kingdom's GDP by $6.4 billion and its non-oil GDP by 3%.

China aluminium smelter Xinfa granted winter cut exemption – documents

Xinfa Group won't have to cut metal production in its home city of Liaocheng this winter and will only have to reduce alumina output by 10% for two months.

China's aluminium output drops as Shanghai price sinks: Andy Home

Chinese production dropped sharply last month, and unless the Shanghai market can break out of its downtrend, more smelter casualties seem likely.

Rio Tinto, Nespresso join forces to make coffee pods greener

Both companies are seeking to position themselves as sustainable to boost their investor and customer appeal

Sanjeev Gupta's Liberty gets financing for Dunkirk aluminium smelter

Rio Tinto and Liberty had announced a binding agreement on the sale of the Dunkirk site, Europe's largest aluminium smelter, in a deal expected to be worth $500 million, subject to final adjustments.

U.S. postpones sanctions deadline on Russian tycoon's firms

U.S. authorities had given Russian tycoon Oleg Deripaska until Dec. 12 to reduce his holdings in the three companies but said in a statement that the deadline had been moved to Jan. 7, 2019.

Rio Tinto and First Nations partners celebrate the launch of the tl'ughus tunnel boring machine

Rio makes key milestones towards completing the Kemano Second Tunnel project.

Ford sees higher metal costs, hopes China and US can settle trade issues

U.S. steel costs are higher than anywhere else in the world, they're certainly up year over year and they're up versus what we were expecting - Joe Hinrichs, Ford VP

Germany’s Trimet expects strong 2019 aluminium demand

Global demand for aluminium expected to increase in 2019.

LME storage not market dynamics are driving aluminium stocks lower

London Metal Exchange (LME) on-warrant aluminium stocks, metal not earmarked for delivery, are at their lowest since January 2006.

Union says meeting with Alcoa again over strike at Australian aluminium project

The union at Alcoa's aluminium operations said it was meeting with the company again on Wednesday to try to resolve a strike that has lasted more than six weeks.

Global bauxite production to grow: Fitch

Fitch Solutions Macro Research states that bauxite production growth will remain high over the coming years, as new projects come online in Australia, Indonesia expands exports, India’s production ramps up, and existing projects in Guinea drive growth.

More northeast China cities cancel alumina projects amid public backlash

China alumina, aluminium output set for repeat curbs this winter.

Norsk Hydro eyes restart of Brazil alumina refinery by mid-2019 or earlier

Brazilian authorities ordered Hydro in February to slash output from Alunorte, the world's largest alumina refinery.

Huge metal maker closes in on Facebook in power-deal ranking

Europe’s biggest maker of aluminum products is narrowing Facebook Inc.’s ranking as the second-biggest corporate buyer of electricity in long-term deals.

Tariffs removal not needed for E.U., U.S. talks -European Council representative

Contradictory opinions emerging at the G20 Summit.

Pain for aluminium shorts as LME gets squeezed again: Andy Home

The London Metal Exchange aluminium price has on Friday morning touched $2,021.50 per tonne.

Tenaris laying off Canada workers as Trump's steel tariffs bite

Teneris will lay off 40 workers at its TenarisAlgomaTubes plant in Ontario and adjust output there because of the U.S. tariffs on steel and aluminum imports.

Wall Street builds immunity to trade war rhetoric

So far, Trump has taken little action beyond tariffs of 25 percent on steel and 10 percent on aluminum on imports from China, the European Union and other countries.

After cobalt-free pledge, Panasonic to triple consumption for auto batteries – sources

Panasonic Corp expects to more than triple its cobalt consumption in five years' time.

U.S. tariffs "unjustified", Britain's May tells Trump on call

The leaders spoke for the first time since the announcement in a 30-minute call and agreed to discuss the issue further at the G7 summit in Canada later this week.