Vietnam to invest $7.3bn to boost alumina, aluminum production
Vietnam’s top miner Vinacomin plans to invest 182 trillion dong ($7.3 billion) to ramp up its alumina-aluminum production to meet the country’s rising demand for the metal, the government said on Tuesday.
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Visit: 60
Aluminum price firms to 11-week high on Yunnan doubts, firm technicals
Aluminum prices touched an 11-week high on Monday over concerns over slow recovery in production in China’s Yunnan province and supported by a strong technical outlook.
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Visit: 42
US imposes preliminary duties on aluminum extrusions from China, Indonesia
The US Department of Commerce announced on Tuesday preliminary countervailing duties on aluminum extrusions from China, Indonesia, Mexico and Turkey, citing unfair subsidies.
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Visit: 46
New process turns scrap aluminum into usable construction materials
Twisted aluminum mesh, banged-up bicycle frames and used car parts languishing in junk yards could gain new life as building structures such as door and window frames, facades, lighting and decorative features thanks to a new patent-pending technology developed at the US Department of Energy’s Pacific Northwest National Laboratory (PNNL).
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Visit: 102
Rio Tinto taps Australia’s largest solar farm to power aluminum assets
Rio Tinto on Wednesday announced a deal to buy power from a new solar farm in Queensland as it seeks to green its aluminum operations on the country’s east coast and halve its direct and indirect emissions by 2030.
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Visit: 90
Aluminum price jumps after report EU may sanction Russian metal
Aluminum rallied in London after Politico reported that the European Union is considering sanctions on Russian aluminum ahead of the second anniversary of the invasion of Ukraine.
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Visit: 93
Share of Russian aluminum in LME warehouses rises to 90% after UK curbs
Mining News Pro - The share of available aluminum stocks of Russian origin in London Metal Exchange-approved (LME) warehouses rose to 90.4% in December from 78.8% in November, data on the exchange’s website showed on Wednesday.
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Visit: 77
Biden extends EU steel, aluminum tariff exemption for 2 years
Mining News Pro - US President Joe Biden on Thursday extended the suspension of tariffs on European Union steel and aluminum for two years to continue negotiations on measures to address overcapacity and low-carbon production.
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Visit: 232
Some Japan buyers agree to pay Q1 aluminum premium of $90/t, down 7% Q/Q
Mining News Pro - Some Japanese aluminum buyers have agreed to pay global producers a premium of $90 per metric ton over the benchmark price for shipments in January to March, down 7% from the current quarter, three sources directly involved in the pricing talks said.
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Visit: 55
Biden extends EU steel, aluminum tariff exemption for 2 years
Mining News Pro - US President Joe Biden on Thursday extended the suspension of tariffs on European Union steel and aluminum for two years to continue negotiations on measures to address overcapacity and low-carbon production.
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Visit: 70
Aluminum price hits weakest in more than three months on fund selling
Mining News Pro - Aluminum prices touched their lowest in more than three months on Monday as speculative funds stepped up selling on expectations of rising inventories.
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Visit: 102
Aluminum price climbs as Goldman sees larger supply deficit
Mining News Pro - Aluminum steadied, bucking a broader slide among industrial metals, with traders focusing on a likely shortfall in supply of the metal next year amid constraints on Chinese supply.
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Visit: 155
Rainfall plays key role in capping Chinese aluminum capacity
Mining News Pro - Another month, another new record for China’s primary aluminum production sector.
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Visit: 128
Mixed fortunes for Russian metal at mid-point of aluminum mating season
Mining News Pro - Midway through the aluminum market’s so-called mating season of end-users and sellers locking in supply deals, Russian metal is experiencing mixed fortunes, with some European industrial companies avoiding it for 2024.
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Visit: 115
Aluminum deal season has started, but no one is buying yet
Mining News Pro - The annual contracting season for aluminum supplies got off to a slow start at a key industry conference this week, in a sign of mounting concern from manufacturers about the outlook for demand.
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Visit: 130
Citi buys $160 million of Russian aluminum others won’t touch
Mining News Pro - Citigroup Inc. has bought about $160 million of Russian aluminum from the London Metal Exchange, something many banks have refused to touch since the invasion of Ukraine.
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Visit: 510
Weak demand sends near-term LME aluminum discount to highest since 2008
Mining News Pro - The discount on aluminum for near-term delivery compared with the three-month contract on the London Metal Exchange (LME) has reached its highest since the global financial crisis of 2008, indicating weak demand and rising supply.
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Visit: 186
Rio Tinto counts the cost of producing green aluminum
Mining News Pro - Rio Tinto is finding out just how hard it is to produce low-carbon aluminum.
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Visit: 194
London aluminum, zinc on track for best week since January
Mining News Pro - Aluminum and zinc prices in London were heading for their biggest weekly gain since January, as a weaker dollar made greenback-priced metals cheaper to holders of other currencies.
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Visit: 184
EU countries seek to stretch raw material targets, add aluminum
Mining News Pro - European Union countries agreed on Friday to raise proposed targets for recycling and processing of raw materials required for its green transition and added aluminum to the list of essential minerals.
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Visit: 159
EU countries seek to stretch raw material targets, add aluminum
Mining News Pro - European Union countries agreed on Friday to raise proposed targets for recycling and processing of raw materials required for its green transition and added aluminum to the list of essential minerals.
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Visit: 149
Norsk Hydro produces world’s first aluminum using green hydrogen
Mining News Pro - Norsk Hydro has made the world’s first batch of aluminum using green hydrogen in a step toward decarbonizing the production of the metal.
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Visit: 191
Russia raises aluminum exports to China to near record levels as sanctions bite
Mining News Pro - China, the biggest producer of aluminum globally, is importing more of the lightweight metal from Russia, underscoring how trade ties are strengthening between the two nations as sanctions curb much of the rest of the world’s appetite for Russian commodities.
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Visit: 179
Aluminum trader’s huge LME position ignites battle for stock
Mining News Pro - One of the world’s biggest metals traders has built up a dominant position in one part of the London Metal Exchange aluminum market, creating a squeeze on exchange stocks and putting focus on the availability of non-Russian metal.
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Visit: 232
Hefty shortages to help buoy aluminum prices this year
Mining News Pro - Supply disruptions in China due to problems with hydropower mean hefty shortages of aluminum this year, which are likely to offset slow demand growth and help bolster prices.
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Visit: 254