Aluminum Mining News

China's metals trade is facing a year of upheaval: Andy Home

China's trade in industrial metals looks set for significant upheaval this year as the country adapts to fast-evolving supply chains.

Guinea gives preliminary go-ahead for new bauxite project

Guinea is Africa's top bauxite producer and output more than doubled last year to about 50 million tonnes.

Rusal to quit global market if US sanctions stay after new board – source

Two sources told Reuters earlier on Friday that Rusal would soon appoint a fully independent board.

Up to 500,000 tonnes of alumina being exported from China as Rusal crisis bites

The sanctions against Rusal, world's second-biggest aluminium producer, have up-ended the supply chain as companies cut contracts to use Rusal metal.

US sanctions on Rusal shatter aluminium's supply chain: Andy Home

By extending the sanctions deadline to Oct. 23, 2018, the Treasury Department has given Rusal and the aluminium market some much needed breathing space.

After weeks of chaos, US throws aluminum industry lifeline

“The US government is not targeting the hardworking people who depend on Rusal and its subsidiaries,” Treasury Secretary Steven Mnuchin said.

Commodities: the top asset class of 2018 so far

If the commodity sector keeps the pace for the rest of 2018, this will be the best year for the asset class since 2003.

Chalco Q1 profits fall 19.4 pct on lower aluminium prices

Chalco produced approximately 3.61 million tonnes of aluminium last year, according to a filing to the U.S. Securities and Exchange Commission last week.

US extends deadline for Rusal sanctions, aluminum prices dive

Aluminum prices on the London Metal Exchange tumbled more than 8 percent after the U.S. Treasury Department announcement.

Ship firm Oldendorff halting Guyana operation due to Rusal crisis

Rusal's 90 percent owned Bauxite Company of Guyana produced 1.05 million tonnes of bauxite - the raw material used to make aluminium - last year.

Aluminum stash visible from space turned to gold for trader

Castleton Commodities International LLC is sitting on a veritable gold mine as a scramble for aluminum unfolds in the wake of U.S. sanctions.

China, the highly problematic saviour of the global aluminium market? Andy Home

As supply fears grow, the market's attention is turning to China as a potential source of aluminium.

Sanctions fallout upends metals as aluminum, nickel burst higher

Aluminum rallied as much as 7.1 percent, a record intraday gain, to $2,718 a ton in London.

Russia fears light fire under nickel price

Price surges nearly 5% to three-year high over worries that top producer Norilsk could befall the same fate as aluminum giant Rusal.

Russia sanctions throw global aluminum supply chain into chaos

Alumina prices have already rocketed, jumping by more than a quarter in the last week and heading for a record high.

Aluminum is having wildest week ever after Rusal sanctions shock

The U.S.’s decision to blacklist United Co. Rusal, the world’s second-biggest aluminum maker, set off a rush to secure supply.

Glencore to declare force majeure on some aluminium supply

Glencore Chief Executive Ivan Glasenberg resigned from his role as Rusal director on Tuesday

Rio Tinto reviewing Rusal ties, mum on Queensland venture

Rusal owns 20 percent of Rio's Queensland Alumina operation, of which Rio owns the remaining 80 percent.

Rio Tinto stands to win from Rusal sanctions

US consumers to lose.

South Korea on verge of trade deal -Trump

Trump said the agreement "would be a wonderful deal with a wonderful ally."

Chalco's net profit soars on higher aluminium prices

Chalco increased net profit by 274 percent last year as supply-side reforms and an environmental crackdown lifted aluminium prices.

This Rio sale may be more than Australia can swallow: Gadfly

Rio Tinto has hired UBS AG to explore a possible initial public offering on the Australian Securities Exchange after planned trade sales came up short.

Trudeau dodged steel tariffs. Now he's angling to save NAFTA

Donald Trump is already taking up a lot of Justin Trudeau’s bandwidth. Steel tariffs sent it to another level.

Germany's Merkel still hopes for talks on U.S. tariffs

German Chancellor Angela Merkel said Europe must be ready to respond to the unilateral imposition of trade tariffs by the United States but she first hoped for talks on the issue.

Trump sets steel and aluminum tariffs; Mexico, Canada exempted

Trump has also demanded concessions from the European Union and has threatened to hike tariffs on auto imports from Europe.