Rio Tinto to invest $165 million in Quebec aluminum smelter renovation The miner asaid it will offset the carbon emissions related to the construction project through initiatives like planting trees near the aluminium smelter. Staff Writer | June 18, 2024 | 12:42 pm
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