March 30, 2022

Hindalco Industries to spend $7.2 billion on aluminum demand bet

The company owned by billionaire Kumar Mangalam Birla will invest the amount mainly across its businesses in India and North America.

March 30, 2022

Nickel price climbs in thin trading as investors weigh supply risks

Prices rose as much as 4.2% on the London Metal Exchange, with about 200 lots changing hands in the first hour of trading.

March 30, 2022

Glencore to honour pre-existing Russia contracts, no new deals

Glencore holds a 10.5% stake in aluminum and hydropower company En+ that in turn is the majority owner of Rusal.

March 28, 2022

Rusal can’t access alumina from Australia JV as pressure builds

Rusal owns a 20% stake in Queensland Alumina, which is operated by Rio Tinto.

March 28, 2022

US Supreme Court turns away challenge to Trump steel tariffs

The court declined to hear a challenge by steel companies to former President Donald Trump's 2018 decision to double tariffs on steel imports from Turkey.

March 23, 2022

Metals trading in Shanghai goes quiet on China covid caution

Trading volumes in copper, aluminum and zinc on the Shanghai Futures Exchange all fell to the lowest level since Feb. 7.

March 22, 2022

LME says it has no current plans to ban Russian metal from its system

Russia supplies about 10% of the world's nickel, 6% of its aluminum and around 3.5% of its copper. A ban on Russian metal could lead to shortages and further price…

March 21, 2022

Australian alumina ban will squeeze Rusal and aluminum

Critical for Rusal and the aluminum market alike is whether other countries follow suit, writes Andy Home.

March 21, 2022

Australian export ban pushes up aluminum prices, may boost inflation

Australia supplies almost 20% of Russia’s alumina.

March 20, 2022

Australia bans alumina exports to Russia, sources coal for Ukraine

Australia has imposed an immediate ban on exports of alumina and aluminum ores, including bauxite, to Russia.