Aluminum Top Stories

Verde Magnesium granted mining rights in Romania

Backed by US private equity investor Amerocap, Verde aims to break Europe's reliance on Chinese imports of magnesium metal.

Staff Writer | April 16, 2024 | 5:23 am

Metals whipsawed as sanctions on new Russian supplies rattle LME

Aluminum jumped as much as 9.4% as the market opened,…

Bloomberg News | April 15, 2024 | 8:11 am

New metals sanctions push Russia further into China’s embrace

The sanctions now leave the Shanghai Futures Exchange as the…

Bloomberg News | April 15, 2024 | 7:01 am

Rusal says new Western sanctions won’t hurt its aluminum supply

Goldman Sachs also said it did not expect an immediate…

Reuters | April 15, 2024 | 3:07 am

CME bans Russian-origin aluminum after US, UK impose new sanctions

CME Group has suspended from its platform aluminium produced in…

Reuters | April 14, 2024 | 12:58 pm

Latest Stories

Activists, Hollywood take down top 50 mining company

The ranks of the most valuable mining companies in the world were throughly scrambled in 2023 as governments intervened, lithium and nickel prices tumbled, gold hit records and a new listing went ballistic.

Frik Els | January 31, 2024 | 8:31 am

LME targets Hong Kong as option for warehouse expansion

Chinese rules and regulations alongside resistance from competitor Shanghai Futures Exchange have frustrated LME's attempts to expand its network to China.

Reuters | January 30, 2024 | 8:31 am

Vedanta beats Q3 profit view on production, sales uptick

Grappling with falling metal prices, the company has reported profit falls since the first quarter of 2022.

Reuters | January 25, 2024 | 6:27 am

Aluminum price jumps after report EU may sanction Russian metal

Prices rose as much as 3.6% on the London Metal Exchange.

Bloomberg News | January 23, 2024 | 3:14 pm

Rio Tinto taps Australia’s largest solar farm to power aluminum assets

Once developed and approved, the Upper Calliope solar farm will have the potential to cut down Rio's operating carbon emissions by 1.8 million tonnes per year.

Reuters | January 23, 2024 | 2:55 pm

LME CEO aims to have first contracts with Shanghai futures exchange in 2024

The specific contacts to be launched with ShFE were still under discussion.

Reuters | January 15, 2024 | 6:51 am

Share of Russian aluminum in LME warehouses rises to 90% after UK curbs

The rise follows a restriction imposed by Britain on entities and individuals taking physical delivery of Russian-made base metals.

Reuters | January 10, 2024 | 9:31 am

Saudi Arabia earmarks $182 million for minerals exploration in mining push

The Gulf state has revised upwards estimates for its untapped mineral resources to $2.5 trillion.

Reuters | January 10, 2024 | 8:12 am

Saudi Arabia ups mineral resource estimates to $2.5 trillion

About 10% of the increase in estimate comes from the addition of rare earths minerals.

Reuters | January 9, 2024 | 11:11 am

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