June 27, 2024

London Metal Exchange mulls adding warehouse in Hong Kong

The LME is exploring whether to license a warehouse in Hong Kong as it seeks to strengthen services to clients in China.

June 24, 2024

Vedanta mulls first dollar bond sale of $500 million

The bond sale could climb to $1 billion depending on the response from investors, Bloomberg sources say.

June 18, 2024

Rio Tinto to invest $165 million in Quebec aluminum smelter renovation  

The miner asaid it will offset the carbon emissions related to the construction project through initiatives like planting trees near the aluminium smelter.

June 17, 2024

China’s hydropower surge raises aluminum production to a record

Heavy rains have improved hydropower reserves in Yunnan and allowed smelters to recommence operations.

June 12, 2024

New aluminum, nickel superalloy promises 100% hydrogen combustion engines

Known as a ‘complex concentrated alloy,’ the new aluminum and nickel alloy targets high-temperature applications.

June 11, 2024

Deep contango in LME base metals signals weak nearby buying interest

Spot prices for copper and aluminum in London have moved to sharply deeper discounts to the three-month contract this week.

June 10, 2024

Rio Tinto to buy Mitsubishi’s near 12% stake in Boyne Smelters

In late May, Rio signed a deal to buy Sumitomo Chemical's 2.46% interest in the venture.

June 10, 2024

LME aluminum queue jumps to five months after Trafigura delivery

Exchange data showed a wait of 159 days for aluminum at warehouses owned by Istim Metals at Port Klang in Malaysia at the end of May.

June 9, 2024

Guinea, Emirates Global agree on alumina plant deal

The new alumina refinery is expected to have a capacity of 1 million tons a year and be built in the region of Boke.

June 6, 2024

Aluminum market set for wave of scrap as industry decarbonizes

Aluminum prices have rallied 11% this year, creating an incentive for recyclers to go out in search of additional sources of scrap.