The Norwegian firm, one of the world’s top producers of aluminum and alumina, said the deal faced opposition from European regulators.
Aluminum Mining News
The U.S.-led trade war fans concern that the showdown will derail otherwise-strong economic growth in the world’s two largest economies.
The United States has thrown Russian aluminium company Rusal a lifeline by loosening sanctions imposed on the company in April.
Hydro, which is not interested in acquiring aluminium plants that use coal-fired power, was hoping the deal would be part of efforts to make its output as green as possible.
Aluminij Mostar, Bosnia's sole aluminium smelter, is at risk from high alumina and electricity prices and only urgent government intervention can help it stay on line.
What has historically been a highly efficient part of the aluminium production chain is experiencing an unprecedented degree of turmoil this year.
In April, Rushydro's board approved the move to join the project with total investments seen at around $1 billion.
MINING.com interviewed the Minerals Council of Australia CEO.
Aluminum prices jumped in April after the U.S. announced sanctions on Rusal, the top supplier outside of China.
MOSCOW, Sept 6 (Reuters) – Russian aluminium producer Rusa , under U.S. sanctions since April, increased its aluminium exports by 7 percent in August compared to the previous month, Interfax news agency said. Rusal, the […]
A vote by striking workers at Alcoa’s (AA.N) giant west Australian operations will close on Thursday, with the union anticipating a strong “no” vote.
The city of Binzhou is planning five new projects to support development of a high-end aluminium industry, according to a local government document.
Now, some warehouse firms are pushing the idea of replacing all rules with one that obliges warehouses to load out 1.5 percent of total stocks per day.
Some in the industry see this move as a prelude to a potentially broader deal with bigger miner Anglo American.
The move threatens to jolt China's exports of aluminium, which have been booming in recent months. Mexico "is a big market" for Chinese aluminium foil.
South Korea, Brazil and Argentina will benefit from the measure.
Russia has a plan to support world No.2 aluminium producer Rusal against U.S. sanctions put in place in April.
Contracts to export over 140,000 tonnes of alumina from China were signed in July amid a favourable price arbitrage.
In the United States, old aluminium smelters are being brought back to life.
Australia's South32 Ltd posted a 16 percent rise in its annual underlying earnings, as healthy demand for manganese and alumina helped offset tepid output at its Illawarra coal project.
As U.S.-China trade tensions escalated mid-June, fast-money traders flipped to a short position in metals overall.
The venture was expected to combine Granges' and Mitsubishi Aluminum' expertise in aluminium rolling.
Investors found no solace in traditional safe haven gold with the precious metal setting a one-and-a-half year low.
It's probably not what U.S. President Donald Trump had in mind when imposing tariffs on aluminium imports, but it looks likely that some of the big winners from the 10% import tax will be China's producers.
The blast was centered on a huge barrel-shaped piece of equipment that stores gases released during the steel production process.