Aluminium Mining News

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.

Chinalco closes gap on top aluminium producer Hongqiao via Yunnan deal

Yunnan Metallurgical Group, which controls Yunnan Aluminium Co Ltd, will be merged into China Copper Co, a joint venture between Chinalco and the Yunnan provincial government.

Trump metals tariffs make Granite City great again, but at what cost?

The United States Steel Corp is re-hiring or recruiting around 500 workers as it readies for production in mid-June at a blast furnace it idled in 2015.

Russia's Avtovaz explores alternatives to sanctions-hit Rusal

Rusal is Avtovaz's top aluminium supplier.

Young Australians oblivious to mining

Despite mining contributing about 6 per cent of the country's GDP, a study revealed that almost six out of 10 of young Australians know nothing at all about mining careers.

EU heads discuss bold-or-fold strategy toward Trump tariffs

European leaders sought unity on Wednesday toward threatened U.S. import tariffs on steel and aluminium, balancing the views of those most fearful of a trade war and those determined not to be bullied into concessions.

Canada / U.S. big players announce world’s first carbon-free aluminum smelting process

Alcoa and Rio Tinto announced the launching of Elysis, a joint venture company whose goal is to push towards commercial production a newly discovered, carbon-free aluminum smelting process.

U.S. producers hurt by Chinese steel wheel imports – trade panel

The alleged dumping margins ranged from 12.1 percent to 231.7 percent, and U.S. imports of the products from China in 2017 were estimated to total $388 million.

Qatar Petroleum says will list 49 pct of its shares in aluminium plant

The state energy giant will list 49 percent of its shares in the country's aluminium smelter plant Qatalum in a public offering.

Russia's NLMK says could close U.S. business due to tariffs

NLMK is Russia's top steelmaker.

U.S. cuts off Brazil tariff talks, adopts steel import quotas

Brazil on Wednesday contradicted a United States announcement that the two countries had reached a deal on a permanent exemption from steel and aluminum import tariffs, saying the Trump administration had unilaterally cut off talks.

Chairman of En+ says working on reducing Deripaska's stake

Greg Barker welcomed a decision by the U.S. Treasury on Tuesday to give investors an extra month to divest or transfer their holdings in En+ Group and other sanctions targets.

Metals maker Arconic slashes forecasts, shares slide

Prices to remain high due to sanctions, tariffs.

EU needs 'full' exemption from U.S. tariffs -France's Le Maire

"We cannot live with full confidence with the risk of being hit by those measures"

Commodities are flashing a once-in-a-generation buy signal

Since the commodities supercycle unwound nearly 10 years ago, many investors have been waiting for the right conditions to trigger mean reversion and lift prices.

U.S. Commerce Dept finds aluminum sheet imports from China subsidized

The government agency calculated preliminary subsidy margins ranging from 31.20 to 113.30 percent of the value of the imported common alloy aluminum sheet.

EU demands compensation for U.S. steel tariffs at WTO

In a step already taken by China, the EU said it did not accept the "national security" justification for the U.S. tariffs.

Rusal sanctions shockwaves slam into aluminium market: Andy Home

Physical premiums in the United States are at three-year highs and the price of alumina is going haywire.

Global bauxite production to grow: BMI

A new report issued by BMI research states that global bauxite production growth will accelerate over the coming years.

Rio to call force majeure on some Rusal-linked contracts

Almost all of Rio's aluminium production comes from a joint venture with Rusal in Australia.

Eurasian Resources Group: market outlook 2018

The past couple of months have featured a broad retracement of the metals complex, away from the recent highs.