Aluminum Mining News

Guinea bauxite miner to build new railway in $3B deal

The 135-kilometer (84-mile) railway, which will link mining operations to a river terminal, will cost an estimated $1.2 billion and is expected to start operations in 2022.

Innord to separate rare earths from hybrid and electric vehicle recycling pilot study

Participating in this study opens the door for a potential new supply source through recycling electric motors from the transportation industry in the future.

Rio Tinto sells Kitimat wharf to LNG Canada for $576 million

LNG Canada is a joint venture of Shell, Petronas, PetroChina, Mitsubishi and Kogas.

Brazil's Votorantim profit falls despite higher revenues

Meanwhile, Nexa Resources, a unit of Votorantim, has just approved a $392 million capital expenditure in a zinc mining project in the Brazilian state of Mato Grosso.

Abundant aluminium stocks and low prices conceal tight market

Aluminium is a metal key for the transport and packaging industries but at current prices about 40% of the world's aluminium production is losing money.

Japan's Sumitomo Metal cuts FY profit forecast on lower metal prices

Sumitomo Metal cut its full-year forecast, blaming lower-than-expected metal prices amid the U.S.-Sino trade spat, and reduced nickel output.

Australia state to roll out new mine rehabilitation rules

Queensland state is set to unveil proposed resource regulations that will require miners to pay into an "insurance fund" for the remediation of old mines.

China's booming alumina exports held steady in October – Chalco president

China this year has been exporting unusually high volumes of alumina, a substance used to make aluminium.

China's industrial heartland Shandong to overhaul energy intensive industries

As part of a new plan to overhaul energy intensive industries, Shandong province is planning to consolidate dozens of small refineries and build mega-petrochemical complexes.

Every US metal producer is down for 2018, despite tariffs

Companies in metals and mining have been hit especially hard amid concern that the rising trade frictions from the tariffs have helped crimp economic growth.

Japan aluminium roller UACJ removes Rusal from 2019 suppliers list-president

Japan's top aluminium rolling company is removing Rusal from its suppliers list for next year due to uncertainty over U.S. sanctions.

Aluminum products maker Arconic's profit beats on strong aero parts demand

Higher demand for aluminum parts in airplanes yields a better-than-expected quarterly profit.

Rio Tinto sees new-style partnerships as the future

If a community or government wants a bigger share of the pie, they may need to be willing to take on more of the risk.

Eurasian Resources Group forecasts a strong metals price recovery

Following LME Week, Mr Benedikt Sobotka, CEO of Eurasian Resources Group (ERG), predicts a strong metals recovery ahead.

Chalco Q3 profit rises 6.8 pct on lower operating costs

The listed arm of Chinalco, China's biggest state-run aluminium producer, posted net income of 640.9 million yuan ($92.31 million) for July-September.

China's alumina exports in September surged to their highest level this year

Figure is fivefold increase from August, up 3,400% y/y

Bosnian government to help keep Aluminij smelter on power grid

The company sounded the alarm last week when the country's power regulator threatened to cut it off the grid because of unpaid bills.

Rusal's Swedish smelter may be closed if sanctions not lifted

The indirect consequences of the closure are difficult to assess as Rusal is the only aluminium smelter in Sweden.

HKEX's mainland China commodity trade platform launches

The first spot transaction sees 3,000 tonnes of alumina change hands at $437.23 a tonne.

Norway, EU ask WTO to set up panel on US steel, aluminium tariffs

Norway, the European Union and several other countries asked the World Trade Organization to set up a dispute resolution panel to address US tariffs.

Nucor profit miss, steel market oversupply worries dent shares

Nucor posted a quarterly profit short of analysts' forecasts on Thursday and investor concerns that the U.S. steel market may be grappling with oversupply.

Canada drops US-made aluminum-can tariff amid beer can shortage

Canada's move to drop a 10 percent duty on U.S.-made aluminum cans is good news for Canadian beer makers battling a shortage of tall cans.

Alcoa to close two Spanish aluminium plants with job losses

The Aviles and La Coruna plants were two of the least productive due to intrinsic structural problems such as inefficient technology and high fixed costs.

Indonesia considering "safeguard" tariff on aluminium foil – WTO filing

Indonesia said industry association APRALEX had applied for safeguard measures, which can be used to protect a country's producers.