Aluminum Mining News

China's aluminium capital Binzhou plans new 'high-end' projects

The city of Binzhou is planning five new projects to support development of a high-end aluminium industry, according to a local government document.

Some warehouse firms want LME to change delivery rules, lengthen queues

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.

India's Anil Agarwal succeeds with Vedanta Resources buyout

Some in the industry see this move as a prelude to a potentially broader deal with bigger miner Anglo American.

Beijing summons aluminium foil makers for talks on Mexico anti-dumping probe

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.

Trump allows targeted relief on steel, aluminum quotas -Commerce Department

South Korea, Brazil and Argentina will benefit from the measure.

Russia may buy aluminium for state stocks to support Rusal -minister

Russia has a plan to support world No.2 aluminium producer Rusal against U.S. sanctions put in place in April.

China exporting alumina again as soaring prices upend market

Contracts to export over 140,000 tonnes of alumina from China were signed in July amid a favourable price arbitrage.

US disrupts aluminium supply chain, but not where it counts

In the United States, old aluminium smelters are being brought back to life.

Australia's South32 annual profit jumps on robust manganese, alumina demand

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.

Hedge funds turned record short on metals just before the rout

As U.S.-China trade tensions escalated mid-June, fast-money traders flipped to a short position in metals overall.

Granges halts plans for North America aluminium manufacturing joint venture

The venture was expected to combine Granges' and Mitsubishi Aluminum' expertise in aluminium rolling.

Mining and metals markets crater as copper price enters bear market

Investors found no solace in traditional safe haven gold with the precious metal setting a one-and-a-half year low.

China may end up inadvertent winner from Trump's aluminium tariffs: Russell

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.

Brazilian steelmaker Usiminas: those injured in blast have left hospital

The blast was centered on a huge barrel-shaped piece of equipment that stores gases released during the steel production process.

CSN hires Jefferies to sell assets in Portugal, Germany -paper

The Brazilian steelmaker is also seeking to close a streaming deal next week with a Canadian bank for its mining output in coming years.

Trump escalates feud with Turkey, imposing higher metals tariffs

Trump's move sendsReut Turkey's lira currency deeper into tailspin

Global bauxite production to grow: Fitch

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.

"Catastrophic" shutdowns expected at Rusal if U.S. sanctions remain

Under the terms of the sanctions, imposed in April in response to Moscow's alleged meddling in the 2016 U.S. election, U.S. customers must wind down business with Rusal by Oct. 23.

Linamar sees higher metals costs as 'opportunistic' U.S. companies hike prices

The U.S. Commerce Department said it was investigating recent steel price hikes to determine whether some market participants were "illegitimately profiteering" from 25 percent tariffs introduced by Trump on steel imports.

Russia's Rusal shuts down Nadvoitsky plant due to U.S. sanctions

Russia's Rusal is the world's largest aluminium producer outside China.

More northeast China cities cancel alumina projects amid public backlash

China alumina, aluminium output set for repeat curbs this winter.

USTR reviewing Turkey's trade preferences after tariff retaliation

Imports of jewelry, precious metals and stone products would be under the microscope.

China's Shandong province cuts steel and coal capacity in environment plan

Shandong's Environmental Protection Bureau said it would cut pig iron production capacity by 600,000 tonnes and crude steel by 3.55 million tonnes by the end of this year.

White House escalates China trade dispute to secure early breakthrough: Kemp

Trump has reportedly rejected a plan to levy tariffs of 10 percent on an additional $200 billion of imports from China and ordered aides to prepare a proposal for tariffs at the higher rate of 25 percent.

Canadian craft brewers scramble for aluminum cans

Canadian microbreweries are facing a shortage of cans and higher costs, forcing some to cut beer production after the country imposed retaliatory import duties on U.S. aluminum imports in the busy summer season.