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.

May 30, 2024

Base metals stage rapid retreat as profit taking accelerates

Investors are looking to cash in following a blistering rally in industrial metals markets.

May 28, 2024

Aluminum recycler Novelis targets up to $12.6bn valuation in US IPO

Novelis, owned by Indian billionaire Kumar Mangalam Birla's Hindalco Industries, is the world's largest recycler of aluminum.

May 25, 2024

Trafigura faces off with aluminum bulls over huge metal stash

The aluminum market is caught in a clash between some of the biggest traders and banks.

May 23, 2024

Nornickel board proposes no dividend for 2023 results

Nornickel failed to pay dividends on its 2022 results but resumed payouts for the first nine months of 2023.

May 23, 2024

Rio Tinto faces pressure to leave London exchange

Activist investor Palliser Capital argues that switching its primary listing to Australia would boost Rio Tinto's shares by about 40%.

May 22, 2024

Glencore, Rusal extend aluminum supply contract into 2025

Glencore is legally bound to continue the contract because Rusal has not been directly targeted by Western sanctions.

May 20, 2024

Rio Tinto declares force majeure on Queensland alumina exports

Its alumina plants have been unable to run properly due to a regional shortage of gas.

May 17, 2024

Aluminum group steps up call on EU to bar imports of the Russian metal

Rusal said the main victims of such measure would be the European consumers.