Aluminum Top Stories

Hindalco misses first-quarter profit estimates on higher expenses

The company reported profit below estimates, hurt by a jump in expenses tied to disruptions at its Novelis unit's Switzerland plant.

Reuters | August 13, 2024 | 7:06 am

China’s Baosteel, Baowu Aluminum, Japan’s Kobe Steel to form JV

The new company will produce aluminum sheets for China's domestic…

Reuters | August 8, 2024 | 6:46 am

Vedanta tops Q1 profit estimates on higher aluminum, zinc prices

Consolidated net profit surged 37% to 36.06 billion rupees (around…

Reuters | August 6, 2024 | 9:21 am

Copper price hovers above 4-month low struck during global rout

Zinc also extended losses while aluminum ticked up.

Bloomberg News | August 6, 2024 | 7:18 am

Vedanta plans debt refinance to cut funding costs after upgrade

The miner is in talks with banks to gauge investor…

Bloomberg News | August 5, 2024 | 8:09 am

Norway sovereign fund advisor may recommend Rio Tinto stake sale

The Council on Ethics has told Rio that it is assessing the company for environmental damage from its operations in the Brazilian Amazon.

Reuters | April 3, 2024 | 9:40 am

Hyundai Motor ends Indonesia aluminum deal after climate campaign by K-pop fans

The South Korean automaker signed a memorandum of understanding with Adaro Minerals in 2022.

Reuters | April 2, 2024 | 5:10 am

Austria’s RHI Magnesita to buy US-based alumina producer Resco

The combined company would have 15 production sites across the United States, Canada and Mexico.

Reuters | April 1, 2024 | 3:34 am

Column: US looks to reboot aluminum sector with a new smelter

Century Aluminum's proposed low-carbon facility represents the first primary aluminum smelter in the US in 45 years.

Reuters | March 29, 2024 | 6:21 am

World’s top aluminum producer sees raw material supply risk in Guinea

The West African nation last year provided 70% of China’s imports of bauxite, which is used to produce aluminum.

Bloomberg News | March 28, 2024 | 3:36 am

Aluminum price falls as weak China demand weighs on industrial metals

The LMEX Metals Index, which tracks the six main base metals, rose to an eight-month high earlier in March.

Bloomberg News | March 27, 2024 | 5:34 am

Aluminum price firms to 11-week high on Yunnan doubts, firm technicals

Prices reached the highest point since January due to concerns about the slow recovery of production in the Chinese province.

Reuters | March 25, 2024 | 7:50 am

US awards record $6bn to back industrial emissions reduction projects

The initiative, the single largest industrial decarbonization investment in US history, will subsidize 33 industrial projects in 20 states.

Reuters | March 25, 2024 | 5:58 am

Goldman says commodities to gain as central banks cut rates

Among Goldman’s year-end forecasts, copper was seen at $10,000 a ton, aluminum at $2,600 a ton, and gold at $2,300 an ounce.

Bloomberg News | March 25, 2024 | 5:49 am

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