LME CEO aims to have first contracts with Shanghai futures exchange in 2024 The specific contacts to be launched with ShFE were still under discussion. Reuters | January 15, 2024 | 6:51 am
Share of Russian aluminum in LME warehouses rises to 90% after UK curbs The rise follows a restriction imposed by Britain on entities and individuals taking physical delivery of Russian-made base metals. Reuters | January 10, 2024 | 9:31 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
