Aluminium Mining News

China’s demand drives long-term gains for aluminium

BMI Research raised the 2018 aluminium price forecast to $2,000/tonne, from a previous forecast of $1,900/tonne.

Tenova contracted as reliable supplier of processing lines for aluminum by Chalco Ruimin

The lines will start their production at the beginning of 2019.

Electric London cabs spur reopening of UK aluminium plant

Norsk Hydro is reopening a British plant in Wales to supply material for the country's first electric vehicle factory.

China's metals trade fragments into multiple narratives: Andy Home

China's metals trade figures were once a spotlight on the state of the world's manufacturing engine and price driver.

Buyers line up for Montenegro's bankrupt aluminum plant and biggest exporter

At least four companies have placed bids to buy assets of Montenegro's Kombinat Aluminijuma Podgorica (KAP) aluminum plant.

China says no to LME warehouses in Shanghai free trade zone

Hong Kong Stock exchange purchased the LME for $2.2 billion in 2012, hoping to set up warehouses on the mainland.

VIDEO: Here's what goes on at the London Metal Exchange

The world's biggest and oldest metals market is getting a makeover under new CEO.

Montenegro's only aluminium plant and biggest exporter declares bankruptcy

The European Union has been urging the country to sell the heavily-subsidized firm.

Position filled: New CEO for London Metal Exchange

Martin Pratt may replace Martin Abbott.

Raking over the Rio coals

A round up of commentary on the CEO switch.

Alcoa opens Q4 earnings season on a positive note

Company expects aluminum demand to increase 7% this year

BHP Billiton production report

The company outlines record petroleum production, an increase in Queensland coal volumes and a milestone achievement from Western Australia Iron Ore.

Protesters want Rio Tinto off the Olympic podium

A protest against London 2012 sponsor Rio Tinto (LON & NTSE:RIO), which has supplied the metal to make the Olympic and Paralympic medals, welcomed the company’s shareholders this morning in Brisbane, Australia, where the annual meeting of the company’s board was taking place.

BHP merging embattled aluminum and nickel divisions

BHP Billiton (NYSE:BHP) added to market rumors that its nickel business is not relevant for the miner anymore by announcing yesterday it had merged the stainless steel materials unit with another struggling division: aluminum.

Brazil's aluminum output went up 3.7% in March

Brazil's aluminum output in March went up 3.7% to 125,000 tonnes, according to the national aluminum association, Abal.

Rio Tinto to close its UK Lynemouth smelter

Rio Tinto Alcan, the aluminum division of Rio Tinto PLC (RIO) announced today it will close its Lynemouth aluminum smelter in Northumberland, England at the end of March, as part of its aluminum restructure plan.

UC Rusal to acquire 33% stake in trading affiliate of NORINCO as Russian stocks head for their biggest gain in a month

UC Rusal, the world’s largest Aluminium producer, announced execution of a share purchase agreement with China North Industries Corporation under which it has agreed to purchase a 33% stake in a company Shenzhen North Investments Corporation Limited, a trading affiliate of NORINCO.

Industrial metals surge to near two-month highs

Industrial metals surged nearly 3 percent to end at its priciest in nearly two months Wednesday, as repressed buyers flooded the market after a Greek parliament vote to accept austerity measures bolstered risk appetite.