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Aluminium News

China seeks WTO dispute resolution with US over steel, aluminum tariffs

By: Reuters     5th April 2018 China's commerce ministry said on Thursday it has initiated a World Trade Organization (WTO) dispute resolution procedure over US tariffs on its import of steel and aluminum. The move follows a back and forth dispute between the two countries over free trade, that has escalated from an... 

Alcoa transfers $555m in Canadian pension obligations, assets to 3 insurers

By: Henry Lazenby     4th April 2018 US-based aluminium producer Alcoa has signed agreements with three insurers to transfer about $555-million in Canadian pension obligations and related assets of its defined benefit pension plans in Canada. The Pittsburgh, Pennsylvania-based company advised that it expects to book a noncash... 

Japan's Mitsubishi Materials sees H1 copper output up 7% y/y

By: Reuters     2nd April 2018 Mitsubishi Materials, Japan's third-biggest copper smelter, said on Monday it plans to produce 187 374 t of refined copper during April-September, up 7% from the same period last year. The company expects output at its Naoshima smelter and refinery in western Japan to rise 11%, while production... 

Japan's Mitsubishi Materials sees H1 copper output up 7% y/y

Hydro to start shutdown of Brazil alumina lines by mid-April – sources

By: Reuters     28th March 2018 The Alunorte refinery in northern Brazil, owned by Norway's Norsk Hydro, will start shutting down half of its alumina capacity in the next two weeks to preserve equipment, two people familiar with the matter said on Tuesday. The world's largest alumina refinery, situated in Brazil's Amazon... 

Alunorte refinery needs to return to full output soon – Hydro

By: Reuters     27th March 2018 Aluminium producer Norsk Hydro needs to return soon to full output at its Alunorte alumina refinery in Brazil to avoid shutting down production lines completely, it said on Tuesday. Last month Brazilian authorities ordered Hydro to temporarily halve its output from the plant after they said a... 

Rio sees $5bn copper expansion on track amid Swiss probe

By: Bloomberg     26th March 2018 Rio Tinto Group has yet to be contacted by Swiss authorities over a bribery investigation related to Mongolia’s giant Oyu Tolgoi copper and gold mine and the site’s $5.3-billion expansion remains on track, according to the producer’s top executive. The attorney general of Switzerland is... 

Rio sees $5bn copper expansion on track amid Swiss probe
Rio Tinto CEO Jean-Sebastien Jacques

Norsk Hydro sees limited effect from US aluminium tariffs

By: Reuters     23rd March 2018 Norwegian aluminum-maker Norsk Hydro on Friday said the new US toll barriers on aluminium would have a very limited direct effect on the firm. "From a Norwegian perspective, this will have a very limited effect on us", said Hydro spokesman Halvor Molland, adding that Hydro had "some exports" to... 

Trump temporarily excludes EU, six other allies from steel tariffs

By: Reuters     23rd March 2018 US President Donald Trump has temporarily excluded six countries, including Canada and Mexico, and European Union states from higher US import duties on steel and aluminum meant to come into effect on Friday. In a Presidential proclamation published late on Thursday, Trump said he would suspend... 

BHP sees limited impact on steel market from US new tariffs

By: Reuters     22nd March 2018 Global miner BHP anticipates planned new US steel import tariffs will have a limited impact on both the steel market and the firm, and doesn't foresee a chain reaction from other countries, a senior official said on Thursday. "I think direct impact on steel is quite marginal because the United... 

Rio Tinto fears impact of trade war concerns despite tariff exemptions

By: Reuters     20th March 2018 Global miner Rio Tinto sees fears of a trade war between the US and China weighing on its shares, even after the company won an exemption from US tariffs for its Canadian aluminium exports. Nearly a third of all aluminium consumed by the US is supplied by Rio Tinto from Canada. 

Rio Tinto hires UBS to explore Pacific Aluminium listing - sources

By: Reuters     19th March 2018 Rio Tinto has asked Swiss investment bank UBS to explore a possible public listing of its Pacific Aluminium smelting business on the Australian Stock Exchange (ASX), two industry sources said on Friday. The mining group has tried to sell the division many times without success, including in... 

Norsk Hydro CEO says securing alumina to replace Alunorte output is priority

By: Reuters     16th March 2018 Norsk Hydro Asa sees securing alternative sources of alumina to replace reduced supplies at its Brazilian plant as a priority, CE Svein Richard Brandtzaeg told Reuters. Brazilian authorities ordered Norsk Hydro's Alunorte plant, the world's largest alumina plant, to cut output by half in late... 

South Africa discount no longer warranted, say analysts

By: Martin Creamer     15th March 2018 The so-called 'South Africa discount' that has dogged and diminished the share prices of mining companies operating in South Africa for decades, has been declared "unwarranted" by Goldman Sachs Europe Metals & Mining Equity Research analysts, against the backdrop of the winds of political change... 

South Africa discount no longer warranted, say analysts
Photo by Goldman Sachs
Share prices of Glencore and Anglo at 2013 levels, despite higher earnings, lower debt

Paradigm shift required to position mining industry for long-term success

By: Henry Lazenby     15th March 2018 The long-term mindset of the mining industry will have to change to position itself for long-term success, set against an ever-changing landscape, says BHP Billiton's head for Minerals America, Daniel Malchuck. He told an audience during the keynote session of the recent Prospectors and... 

Paradigm shift required to position mining industry for long-term success
Photo by BHP Billiton
Escondida, Chile

China's enviro policies, EV growth two megatrends to boost most commodities

By: Henry Lazenby     13th March 2018 Chinese actions in recent years to embrace temporary production cuts and enforce stricter environmental regulations are probably here to stay for the long term and have already disrupted a range of commodities, including coal, aluminium, lithium and cobalt production chains. Commodity research... 

China's enviro policies, EV growth two megatrends to boost most commodities
Photo by Bloomberg
Cobalt metal nuggets

Norway's Hydro reveals additional spills from Brazil plant

By: Reuters     13th March 2018 A Norsk Hydro plant's spill of waste water in Brazil last month was more extensive than previously reported, and the company still lacks overview of the situation, it said on Tuesday. Authorities in late February ordered Alunorte, the world's largest alumina refinery, to cut output in half... 

EU says expects contacts, no formal talks with US on tariffs this week

By: Reuters     12th March 2018 The European Commission said it expected to be in contact with the US over steel and aluminium tariffs this week, but added that no formal talks were scheduled. "No meetings as such are planned at the moment between US and EU authorities," a spokesman for the European Commission told a regular... 

WTO says there is still time to discuss US tariff move

By: Reuters     9th March 2018 World Trade Organization (WTO) members still have time to discuss the US tariffs on steel and aluminium imports signed by President Donald Trump on Thursday, and it is up to them what happens next, WTO spokesperson Dan Pruzin told reporters on Friday. "Certainly there is still time to discuss... 

World's biggest mining show draws huge crowd, signalling mining investment optimism

By: Henry Lazenby     7th March 2018 The Prospectors & Developers Association of Canada's (PDAC's) 2018 convention, in Toronto, drew an international crowd of 25 606 people, in what is widely considered as a clear sign that optimism is returning to the mineral exploration and mining industry following several years of turmoil.... 

World's biggest mining show draws huge crowd, signalling mining investment optimism

Hydro says no time set for restart of Brazil's Alunorte plant

By: Reuters     7th March 2018 Norwegian aluminium maker Hydro is still unable to set a date for the restart of production at Brazil's Alunorte alumina refinery, the world's largest, the company said on Wednesday. The plant, a key supplier to Hydro's aluminium smelters, was ordered to halve production last week over fear of... 

UBS warns of 'deep trade war' as commodity giant sees no winners

By: Bloomberg     7th March 2018 Raw materials are at great risk as Donald Trump’s White House prepares to pull the trigger on tariffs. UBS Group warned metals to energy will be hurt should US levies spark a global trade war, while commodity powerhouse Australia forecast only a damaging race to the bottom. “Obviously, going... 

UBS warns of 'deep trade war' as commodity giant sees no winners

Australia's Lowe warns Trump tariffs could shock global economy

By: Bloomberg     7th March 2018 Australian central bank Governor Philip Lowe slammed President Donald Trump’s tariffs proposal, warning escalation and retaliation could develop into a “very big shock for the global economy.” In unusually strong language for the Reserve Bank of Australia chief, Lowe described Trump’s proposed... 

 Australia's Lowe warns Trump tariffs could shock global economy
Australian central bank governor Philip Lowe

Pushback on Trump tariffs gathers steam, Mexico rejects bid to split NAFTA

By: Reuters     6th March 2018 Republican lawmakers stepped up calls for President Donald Trump to pull back from proposed tariffs on steel and aluminium imports as key trading partner Mexico rejected a bid by Washington to drive a wedge between it and Canada in talks to renegotiate the North American Free Trade Agreement.... 

Brazil court denies Norsk Hydro request to resume production

By: Reuters     6th March 2018 A Brazilian court denied a request by Norwegian aluminium maker Norsk Hydro to resume full operations at its unit Hydro Alunorte, the court said in a statement, in the latest setback after allegations it had contaminated water in the area. Norsk Hydro had appealed to a higher court after a judge... 

South African steel, aluminum firms watchful, but not overly anxious, as US tariff hikes loom

By: Terence Creamer     6th March 2018 South African steel and aluminium firms remain watchful and uncertain about the effects that a proposed increased US trade protection will have. However, the companies also indicate that they will seek to mitigate the risk through export diversification, as well as a continued focus on markets... 

South African steel, aluminum firms watchful, but not overly anxious, as US tariff hikes loom
US President Donald Trump

Mining-specific staff recruitment, management app developed 

By: Mia Breytenbach     6th March 2018 To refine and improve the execution of recruitment within the mining industry, mining and engineering professionals recruiter TrueVine Consulting has developed a new, innovative online recruitment platform, called Digger. “Digger is a digital recruitment, talent management and staff retention... 

Mining-specific staff recruitment,  management app developed
Innovative mining-specific staff recruitment, management app developed. Editing: Darlene Creamer and Christo Greyling.

Trump tariffs are black day for world, business, BHP CEO says

By: Bloomberg     6th March 2018 President Donald Trump’s plans to slap tariffs on steel and aluminium imports is a black day for the world and business, according to the biggest mining company. BHP Billiton and competitors could be hit should other economies follow the move by the US toward a more protectionist and anti... 

Trump tariffs are black day for world, business, BHP CEO says
BHP CEO Andrew Mackenzie

Building trust between miners, host governments a prerequisite to foster economic prosperity

By: Henry Lazenby     6th March 2018 Endemic mistrust between private sector miners and African jurisdictions belies the spirit and objectives set out in the African Union's African Mining Vision, an audience attending the eighth MineAfrica panel discussion at the Prospectors and Developers Association of Canada conference heard on... 

Building trust between miners, host governments a prerequisite to foster economic prosperity
Photo by Henry Lazenby
MineAfrica 8th Panel Discussion on African Mining in 2018-Politics, Policies and Opportunities

Global metals exploration likely to rise 20% in 2018 – S&P Global

By: Henry Lazenby     5th March 2018 Global mining exploration budgets are expected to swell about 20% in 2018, bolstered by the generally positive trend in metals prices extending into early 2018, a new report by S&P Global Market Intelligence has found. Global spending on the search for nonferrous metals rose 15% year-on-year in... 

Global metals exploration likely to rise 20% in 2018 – S&P Global

'Don't react': trade experts look past Trump noise at NAFTA talks

By: Reuters     4th March 2018 Donald Trump may be president of the US but his words do not necessarily carry the weight of the US government at the biggest trade shake-up he is pushing. Sometimes, it is better to block them out and carry on, participants say. Negotiations between the US, Canada and Mexico to redraw the North... 

'Don't react': trade experts look past Trump noise at NAFTA talks

Trump says US to impose steep tariffs on steel, aluminium imports

By: Reuters     2nd March 2018 US President Donald Trump announced on Thursday he would impose hefty tariffs on imported steel and aluminium to protect US producers, risking retaliation from major trade partners like China, Europe and neighbouring Canada as well as helping to trigger a large selloff on Wall Street. Trump said... 

Trump says US to impose steep tariffs on steel, aluminium imports

Brazilian agency fines Norsk Hydro unit in Para state

By: Reuters     1st March 2018 Brazilian environmental agency Ibama fined Norsk Hydro's unit in the northern state of Para, the world's largest alumina refining plant, 20-million reais and ordered it to halt using its waste pool and drainage system, potentially halting all work at the plant, the regulator said in statement on... 

Rusal quest for value to dent Glencore's aluminium clout

By: Reuters     27th February 2018 Mining giant Glencore's deal to buy aluminium from Rusal will be renewed from 2019, but the tonnage is likely to be much lower as the Russian producer taps into growing demand for value-added products, two sources close to the matter said. Unless it sources from additional suppliers, the... 

Resounding welcome for Gwede, who declines opportunity to comment

By: Martin Creamer     27th February 2018 New South African Mineral Resources Minister Gwede Mantashe has received a resounding welcome from the Chamber of Mines of South Africa, Business Leadership South Africa (BLSA) and mining luminaries. The Chamber of Mines of South Africa has welcomed the appointment of Mantashe, 62, describing him... 

Resounding welcome for Gwede, who declines opportunity to comment
Photo by Duane Daws
Incoming Mineral Resources Minister Gwede Mantashe

Norway's Hydro told to cut output at Brazil alumina plant

By: Reuters     27th February 2018 Norwegian aluminium maker Norsk Hydro has been told by a Brazilian regulator to cut output from its Alunorte alumina refinery by 50 percent until it complies with an order to safeguard the environment, the company said. The cutbacks follow recent claims by Brazilian federal and state prosecutors... 

Hydro bids for Rio Tinto's Icelandic aluminium plant

By: Simone Liedtke     26th February 2018 Norwegian aluminium company Norsk Hydro has made a binding offer to acquire diversified miner Rio Tinto's ISAL aluminium plant, in Iceland. The offer also includes Rio Tinto's 53% share in Dutch anode facility Aluchemie and 50% of its shares in Swedish aluminium fluoride plant Alufluor, for... 

Hydro bids for Rio Tinto's Icelandic aluminium plant

Century Aluminum CEO: will recall workers if Trump imposes tariffs

By: Reuters     23rd February 2018 The main US producer of high-purity aluminium used in military aircraft is poised to begin restarting idled production lines at its smelter in eastern Kentucky and recall some 350 workers if President Donald Trump imposes aluminium import curbs. Century Aluminum CEO Michael Bless told Reuters on... 

Rusal Q4 core earnings surge, Deripaska steps down

By: Reuters     23rd February 2018 Russian aluminium giant Rusal posted a 42% jump in fourth-quarter core earnings on Friday, helped by higher aluminium prices, and announced billionaire Oleg Deripaska would step down as president, as expected. Hong-Kong listed Rusal said fourth-quarter earnings before interest, taxation,... 

Rusal Q4 core earnings surge, Deripaska steps down
Oleg Deripaska
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