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.

June 5, 2024

Aluminum producer Novelis hits pause on $945 million US IPO

Novelis had planned to sell 45 million shares for $18 to $21 each, and Hindalco would have owned about 92.5% of the company after the IPO.

June 5, 2024

Rusal in talks to mine bauxite in Sierra Leone

Rusal already has operations in neighboring Guinea.

June 3, 2024

Rio Tinto marks 70th year of operations at British Columbia’s only aluminum smelter

Rio hosted a celebration on June 1 at the Kitimat smelter site, with more than 1,800 attendees including four generations of employees and retirees.

June 2, 2024

IXM co-head of refined metals is leaving trader

Adhitya Sethaputra's departure is the latest in a series of personnel changes at the trading house owned by Chinese miner CMOC Group.

May 30, 2024

Rio Tinto to keep New Zealand aluminum smelter running for another 20 years

The new electricity arrangements include demand response agreements under which NZAS may be requested to reduce electricity consumption by up to a total of 185MW.