China’s hydropower surge raises aluminum production to a record Heavy rains have improved hydropower reserves in Yunnan and allowed smelters to recommence operations. Bloomberg News | June 17, 2024 | 9:25 am
New aluminum, nickel superalloy promises 100% hydrogen combustion engines Known as a ‘complex concentrated alloy,’ the new aluminum and nickel alloy targets high-temperature applications. Staff Writer | June 12, 2024 | 6:10 am
Deep contango in LME base metals signals weak nearby buying interest Spot prices for copper and aluminum in London have moved to sharply deeper discounts to the three-month contract this week. Reuters | June 11, 2024 | 10:34 am
Rio Tinto to buy Mitsubishi’s near 12% stake in Boyne Smelters In late May, Rio signed a deal to buy Sumitomo Chemical's 2.46% interest in the venture. Reuters | June 10, 2024 | 3:53 pm
LME aluminum queue jumps to five months after Trafigura delivery Exchange data showed a wait of 159 days for aluminum at warehouses owned by Istim Metals at Port Klang in Malaysia at the end of May. Bloomberg News | June 10, 2024 | 8:47 am
Guinea, Emirates Global agree on alumina plant deal The new alumina refinery is expected to have a capacity of 1 million tons a year and be built in the region of Boke. Bloomberg News | June 9, 2024 | 9:23 am
Aluminum market set for wave of scrap as industry decarbonizes Aluminum prices have rallied 11% this year, creating an incentive for recyclers to go out in search of additional sources of scrap. Bloomberg News | June 6, 2024 | 10:40 am
Aluminum producer Novelis hits pause on $945 million US IPO Novelis had planned to sell 45 million shares for $18 to $21 each, and Hindalco would have owned about 92.5% of the company after the IPO. Bloomberg News | June 5, 2024 | 9:16 am
Rusal in talks to mine bauxite in Sierra Leone Rusal already has operations in neighboring Guinea. Reuters | June 5, 2024 | 7:00 am
