Aluminum Top Stories

Rio Tinto to keep New Zealand aluminum smelter running for another 20 years

The new electricity arrangements include demand response agreements under which NZAS may be requested to reduce electricity consumption by up to a total of 185MW.

Staff Writer | May 30, 2024 | 3:49 pm

Base metals stage rapid retreat as profit taking accelerates

Investors are looking to cash in following a blistering rally…

Bloomberg News | May 30, 2024 | 7:16 am

Aluminum recycler Novelis targets up to $12.6bn valuation in US IPO

Novelis, owned by Indian billionaire Kumar Mangalam Birla's Hindalco Industries,…

Reuters | May 28, 2024 | 9:25 am

Trafigura faces off with aluminum bulls over huge metal stash

The aluminum market is caught in a clash between some…

Bloomberg News | May 25, 2024 | 1:02 pm

Nornickel board proposes no dividend for 2023 results

Nornickel failed to pay dividends on its 2022 results but…

Reuters | May 23, 2024 | 7:05 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

Alcoa to cut Kwinana refinery production in phased-out shutdown

It will begin curtailment of the Western Australia refinery in the second quarter, and cease all output of alumina by the third.

Cecilia Jamasmie | January 9, 2024 | 3:29 am

Alcoa set to announce Kwinana refinery closure

The plant, one of Alcoa’s first three Western Australia alumina refineries, has been operating below nameplate capacity for the past year.

Cecilia Jamasmie | January 8, 2024 | 7:37 am

Vedanta faces investor reckoning over $3.2 billion of bonds

Bondholders have until Jan. 2 to give an early consent on a plan to push out due dates on $3.2 billion in bond repayments.

Bloomberg News | January 2, 2024 | 1:42 am

Biden extends EU steel, aluminum tariff exemption for 2 years

The Biden administration wants to continue negotiations on measures to address overcapacity and low-carbon production.

Reuters | December 28, 2023 | 11:09 am

Some Japan buyers agree to pay Q1 aluminum premium of $90/t, down 7% Q/Q

Some Japanese aluminium buyers have agreed to pay global producers a premium of $90 per metric ton over the benchmark price for shipments from January to March, down 7% from the current quarter.

Reuters | December 28, 2023 | 8:33 am

The biggest global mining news of 2023

A tumultuous year for the global mining industry: collapse of lithium prices, furious M&A activity, gold’s new record and state intervention in mining on a scale not seen in decades.

Frik Els | December 27, 2023 | 10:01 am

Guinea Alumina Corp will let Guinea use its fuel berth after blast

Despite the December 18 accident, the Guinea Alumina Corporation doesn't expect interruptions to its mining, rail and export activities.

Reuters | December 27, 2023 | 9:12 am

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