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.
Aluminium Mining News
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.
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%.
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.
Chinese production dropped sharply last month, and unless the Shanghai market can break out of its downtrend, more smelter casualties seem likely.
Both companies are seeking to position themselves as sustainable to boost their investor and customer appeal
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. 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 makes key milestones towards completing the Kemano Second Tunnel project.
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
Global demand for aluminium expected to increase in 2019.
London Metal Exchange (LME) on-warrant aluminium stocks, metal not earmarked for delivery, are at their lowest since January 2006.
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.
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.
China alumina, aluminium output set for repeat curbs this winter.
Brazilian authorities ordered Hydro in February to slash output from Alunorte, the world's largest alumina refinery.
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.
Contradictory opinions emerging at the G20 Summit.
The London Metal Exchange aluminium price has on Friday morning touched $2,021.50 per tonne.
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.
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.
Panasonic Corp expects to more than triple its cobalt consumption in five years' time.
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.