September 17, 2024

Ma’aden to acquire over 20% stake in Aluminium Bahrain from SABIC

The latest transaction is indicative of Ma’aden’s continued growth and ambitions to grow 10 times by 2040, it said.

September 16, 2024

Ma’aden, Bahrain’s Alba partner to pursue global aluminum business

This potential combination would create a global powerhouse in aluminum production, the companies said.

September 16, 2024

Vedanta alumina output unaffected after water breach

Rising alumina prices have already been putting pressure on aluminum makers’ margins.

September 15, 2024

Alcoa to sell its 25.1% stake in Ma’aden joint venture for $1.1 billion

After completing the transaction, Alcoa would own approximately 2% of Ma’aden’s current shares outstanding.

September 11, 2024

Vedanta Resources raises $900 million via dollar bonds

The proceeds will be used to repay Vedanta's existing bonds and related transaction costs.

September 10, 2024

Net zero needs more metals, but less extraction from the Earth

All the refined metals needed to reach net zero by 2050 will add up to less than the amount of coal mined in 2023 alone, according to Energy Transitions Commission.

September 9, 2024

China plans to include steel, cement and aluminum in its carbon market

Starting from 2026, importers of steel, fertilizer, cement and chemicals will pay levies based on the carbon footprint of the products they buy.

September 6, 2024

China lodges WTO complaint over Canada’s EV and metal tariffs

Canada announced last week it would impose 100% tariffs on Chinese-made EVs effective October 1.

September 6, 2024

Rusal says board recommends not paying H1 dividend

The company decided not to pay a final dividend for 2022 and did not pay for 2023.

September 6, 2024

Citi says US election risk to contain metals prices for now

Uncertainty around the US presidential election in November will prevent meaningful gains for metals, the bank says.