Ma’aden to acquire over 20% stake in Aluminium Bahrain from SABICThe latest transaction is indicative of Ma’aden’s continued growth and ambitions to grow 10 times by 2040, it said.Staff Writer | September 17, 2024 | 8:14 am
Ma’aden, Bahrain’s Alba partner to pursue global aluminum businessThis potential combination would create a global powerhouse in aluminum production,…Staff Writer | September 16, 2024 | 11:46 am
Alcoa to sell its 25.1% stake in Ma’aden joint venture for $1.1 billionAfter completing the transaction, Alcoa would own approximately 2% of…Reuters | September 15, 2024 | 8:17 am
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. Reuters | June 11, 2024 | 10:34 am
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. Reuters | June 10, 2024 | 3:53 pm
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. Bloomberg News | June 10, 2024 | 8:47 am
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. Bloomberg News | June 9, 2024 | 9:23 am
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. Bloomberg News | June 6, 2024 | 10:40 am
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. Bloomberg News | June 5, 2024 | 9:16 am
Rusal in talks to mine bauxite in Sierra Leone Rusal already has operations in neighboring Guinea. Reuters | June 5, 2024 | 7:00 am
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. Staff Writer | June 3, 2024 | 4:22 pm
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. Bloomberg News | June 2, 2024 | 12:05 am