Europe’s smelters call for action to combat soaring energy costs

Following LME Week, Mr Benedikt Sobotka, CEO of Eurasian Resources Group (ERG), predicts a strong metals recovery ahead.

The listed arm of Chinalco, China's biggest state-run aluminium producer, posted net income of 640.9 million yuan ($92.31 million) for July-September.

Scandium conundrum

Figure is fivefold increase from August, up 3,400% y/y

The indirect consequences of the closure are difficult to assess as Rusal is the only aluminium smelter in Sweden.

The first spot transaction sees 3,000 tonnes of alumina change hands at $437.23 a tonne.

Canada's move to drop a 10 percent duty on U.S.-made aluminum cans is good news for Canadian beer makers battling a shortage of tall cans.

The Aviles and La Coruna plants were two of the least productive due to intrinsic structural problems such as inefficient technology and high fixed costs.

Indonesia said industry association APRALEX had applied for safeguard measures, which can be used to protect a country's producers.