Aluminum Top Stories

Aluminum prices surge amid Guinea bauxite export suspension

Emirates Global Aluminium announced a suspension of bauxite exports from its Guinea Alumina Corporation subsidiary.

Staff Writer | October 11, 2024 | 10:01 am

CME blocked Istim warehouse after objections from metal traders

Market participants raised concerns about a controversial fee increase announced…

Bloomberg News | October 11, 2024 | 9:29 am

Russian LME aluminum stocks account for 66% of total in September

The share of aluminum of Indian origin rose to 32%…

Reuters | October 10, 2024 | 10:09 am

Rusal to consider share buyback of up to $155 million

The number and repurchase price of the shares have not…

Reuters | October 9, 2024 | 9:42 am

UK fraud watchdog settles case brought by ENRC for ‘leaks’ during investigation

The Kazakh mining group accused Britain's Serious Fraud Office of…

Reuters | October 8, 2024 | 11:11 am

LME Week: Global metal industry flocks to London for annual shindig

Metal consumers, producers and traders from around the world are arriving in London for the annual industry gathering.

Reuters | September 27, 2024 | 6:48 am

Indonesia launches $941 million smelter-grade alumina refinery

The production capacity of the refinery is 1 million metric tons of alumina per year.

Reuters | September 24, 2024 | 11:16 am

CHART: Global mining and metals – a quick reality check

Demand for energy transition metals has injected optimism into mining, but it represents only a sliver of the $4 trillion global industry.

Frik Els | September 19, 2024 | 1:15 pm

Saudi Arabia targets control of Alba to bolster metals ambitions

Ma'aden announced a series of deals this week involving Aluminium Bahrain.

Bloomberg News | September 19, 2024 | 6:59 am

Ma’aden to acquire over 20% stake in Aluminium Bahrain from SABIC

The 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 business

This potential combination would create a global powerhouse in aluminum production, the companies said.

Staff Writer | September 16, 2024 | 11:46 am

Vedanta alumina output unaffected after water breach

Rising alumina prices have already been putting pressure on aluminum makers’ margins.

Bloomberg News | September 16, 2024 | 8:42 am

Alcoa to sell its 25.1% stake in Ma’aden joint venture for $1.1 billion

After completing the transaction, Alcoa would own approximately 2% of Ma’aden’s current shares outstanding.

Reuters | September 15, 2024 | 8:17 am

Vedanta Resources raises $900 million via dollar bonds

The proceeds will be used to repay Vedanta's existing bonds and related transaction costs.

Reuters | September 11, 2024 | 6:12 am

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