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Aluminium News

Metals extend scorching rally with zinc eyeing $4 000/t

By: Bloomberg     3rd March 2022 Zinc reached its highest since 2007 and other industrial metals extended a powerful rally fueled by trade turmoil and rising energy costs amid Russia’s increasing economic isolation. The metal used to coat and protect steel rose as much as 3.6% on the London Metal Exchange to reach $3 999/t,... 

Alcoa halts business with Russia as Ukraine invasion advances

By: Bloomberg     3rd March 2022 Alcoa, the largest US aluminum producer, said it will stop selling products to Russian companies and halt raw-material purchases from the country in response to the invasion of Ukraine. The decision makes Alcoa one of the world’s first major aluminum makers to shun Russia. Although the war on... 

ESG slowing down as energy transition highlights mining as indispensable – RMF  

By: Martin Creamer     2nd March 2022 The energy transition is highlighting mining as an indispensable industry, said Responsible Mining Foundation (RMF) CEO Hélène Piaget in opening a webinar on 'Responsible Mining Index (RMI) Report 2022', which reports a slowdown in economic, environmental, social and governance (ESG). “Yet there... 

Creamer Media screenshot.
Responsible Mining Foundation report covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Aluminium streaks to record on fears logistics issues will hit supply

By: Reuters     2nd March 2022 Aluminium prices bolted to a fresh record peak on Wednesday as investors worried that logistics difficulties would block metals supplies due to tough sanctions on major producer Russia. Three-month aluminium on the London Metal Exchange surged to a record of $3 552/t before paring gains to trade... 

Aluminium streaks to record on fears logistics issues will hit supply

Aluminum rallies as Rusal halts shipments at key Ukrainian plant

By: Bloomberg     1st March 2022 Aluminum prices jumped in London after United Co. Rusal International said it halted shipments at an alumina refinery in Ukraine that’s a key source of raw material for its smelters in Russia. The shutdown is the latest sign of supply turmoil in aluminum and broader metals markets in the wake of... 

Aluminum rallies as Rusal halts shipments at key Ukrainian plant

Aluminium rockets to record high on fears of disruptions to Russian supplies

By: Reuters     24th February 2022 Aluminium prices rallied to a record high on Thursday as Moscow's invasion of Ukraine sparked fears of sanctions that could cut supplies from major producer Russia and disrupt energy supplies needed to produce the metal. Moscow launched an all-out invasion of Ukraine by land, air and sea on... 

An image of an aluminium ingot.

Rio Tinto posts bumper year

By: Esmarie Iannucci     23rd February 2022 Diversified giant Rio Tinto has reported record results for the 2021 financial year, with a 116% surge in aftertax profit. "Our people have continued to safely run our world-class assets and are working hard to improve our operational performance, despite challenging operating conditions from... 

Biden announces investments to shore up key critical mineral supplies

By: Mariaan Webb     23rd February 2022 US President Joe Biden on Tuesday announced several investments in the domestic production of key critical minerals and materials, as the country moves to break its dependence on China and secure a ‘Made in America’ supply chain. In a White House statement, Biden announced that MP Materials had... 

An image of the White House

Norsk Hydro takes stake in US carbon capture firm Verdox

By: Reuters     22nd February 2022 Aluminium producer Norsk Hydro has bought a minority stake in US carbon capture firm Verdox for $20-million and plans to use its technology at smelters as part of wider efforts to cut emissions, the Norwegian company said on Tuesday. Hydro announced plans last year to slash its carbon dioxide... 

Russian aluminium giant Rusal tumbles on fresh sanction fears

By: Bloomberg     22nd February 2022 A Russian aluminum giant with experience of handling US sanctions just took a hammering. United Co. Rusal International tumbled as much as 22% in Hong Kong as investors monitored the dramatic escalation in the West’s stand-off with Moscow over Ukraine. That’s the biggest fall since April 2018,... 

Russian aluminium giant Rusal tumbles on fresh sanction fears

Rio commits to a future at Tasmanian aluminium smelter

By: Esmarie Iannucci     21st February 2022 Diversified miner Rio Tinto will partner with the Tasmanian government to jointly investigate how the Bell Bay aluminium smelter’s manufacturing capability and electricity demand could support the development of new industries and renewable industry in the region. Under a memorandum of... 

Aluminium prices to remain high into 2023 amid high input costs, disrupted production

By: Donna Slater     18th February 2022 Following impressive rallies in the first and third quarters of 2021, financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch Solutions) is revising its aluminium price forecasts for this year and next upwards to $3 000/t and $2 800/t,... 

An image of aluminium rolls
Aluminium rolls

South32 to proceed with energy efficiency project at Hillside smelter

By: Darren Parker     17th February 2022 Diversified miner South32 has made a final investment decision on the roll-out of the AP3XLE energy efficiency project at its Hillside aluminium smelter, in KwaZulu-Natal. The technology has already been deployed at the company’s Mozal aluminium smelter in Mozambique. 

South32's Hillside aluminium smelter
South32's Hillside aluminium smelter

South32 reports stellar first half, advances work at Hermosa

By: Esmarie Iannucci     17th February 2022 Diversified miner South32 has reported a 1 847% increase in profits after tax for the half-year ended December, along with record operating margins. Profits after tax for the first half of 2022 reached $1.03-billion, up from the $53-million reported in the first half of 2021, with underlying... 

Image shows South32 Graham Kerr at a podium
South32 CEO Graham Kerr

Aluminum hovers near 13-year high as trade weighs Ukraine crisis

By: Bloomberg     16th February 2022 Aluminum hovered near the strongest level since 2008 as traders assessed the impact of an easing of geopolitical tensions over Ukraine and the persistent pressure of soaring energy costs on global supplies. Russian President Vladimir Putin said he hopes for a diplomatic solution to tensions with... 

It’s records all round for Glencore in ‘terrific’ 2021  

By: Martin Creamer     15th February 2022 2021 was a terrific year for the company, Glencore CEO Gary Nagle said on Tuesday, when he reported record earnings before interest tax depreciation and amortisation (Ebitda) of $21.3-billion, a record marketing performance Ebit of $3.7-bilion, and a record industrial business performance of... 

Screenshot taken by Creamer Media during Glencore's presentation of results.
Glencore’s record financial results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Glencore’s earnings rocket 84% to $21.3bn

By: Martin Creamer     15th February 2022 Diversified mining and marketing company Glencore on Tuesday announced 84% higher financial results for the year, with earnings before interest tax depreciation and amortisation (Ebitda) rising to $21.3-billion. Looking forward, Glencore CEO Gary Nagle said the company remained focused on its... 

Pictue supplied
Glencore CEO Gary Nagle

What conflict in Ukraine would mean for oil, gas and food

By: Bloomberg     15th February 2022 Tensions over Ukraine are entering a critical period, driving up prices of raw materials key to the global economy, and piling pressure on governments already struggling with surging inflation. The US has warned that Russia could attack its neighbor as early as this week, even though Moscow has... 

Aluminium and nickel climb on Russian supply angst

By: Reuters     14th February 2022 Aluminium and nickel prices headed towards multi-year highs on Monday due to escalating fears that reduced supplies from Russia would exacerbate existing shortages of both industrial metals. A Russian invasion of Ukraine could mean sanctions against Russian firms which include Norilsk Nickel... 

Russia's Rusal accounts for about 5% of global aluminium supplies.
Russia's Rusal accounts for about 5% of global aluminium supplies.

Red tape delaying R90bn investment in ready-to-go projects – Minerals Council 

By: Martin Creamer     14th February 2022 Red tape is delaying investment worth R90-billion in ready-to-go mining-related projects, at a time when the South African economy is in desperate need of such projects proceeding, to create jobs and to stimulate economic growth. Projects worth R30-billion would be able to proceed if the 4... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Green hydrogen strategy supporting development of R270bn Northern Cape pipeline 

By: Martin Creamer     11th February 2022 Over the past year, the South African government has built on its successful hydrogen strategy to make major strides in positioning the country as a global leader in the green hydrogen market, President Cyril Ramaphosa stated during his State of the Nation Address. This positioning included the... 

Supplied picture
President Cyril Ramaphosa

Foreseen renewables demand providing opportunity for job creation, just energy transition 

By: Martin Creamer     10th February 2022 Demand already foreseen is providing South Africa with the far-reaching and very welcome opportunity to create sufficient new jobs – “and then some” – to ensure a just energy transition away from the country’s current climate-threatening carbon intensity, Mining Weekly can report. South Africa’s... 

Screenshot by Creamer Media during Creamer Media webinar
Photo by Creamer Media
From left, clockwise, Paul O’Flaherty, Dr Tsakani Mthombeni, Hein Reyneke, and Andre de Ruyter

Metals, engineering need govt support to ensure sustainable economic recovery

By: Martin Creamer     8th February 2022 South African businesses in the metals and engineering sector have faced enormous challenges over the past few years, with the Covid-19 pandemic compounding an already difficult situation, Steel and Engineering Industries Federation of Southern Africa (Seifsa) said on Tuesday. Seifsa is a... 

Picture supplied
Seifsa CEO Lucio Trentini

Directors face potential liability for climate change risks – Webber Wentzel 

By: Martin Creamer     8th February 2022 Directors face potential liability if they fail to carry out their fiduciary duties to curb climate change risks and do not make complete disclosures about climate-related risks, Webber Wentzel partner Merlita Kennedy and associate Tobia Serongoane stated on Tuesday. In a release to Mining... 

Creamer Media montage
Webber Wentzel associate Tobia Serongoane (left) and partner Merlita Kennedy.

Meridian brushes off Tiwai Point talks

By: Esmarie Iannucci     8th February 2022 Energy provider Meridian Energy on Tuesday confirmed that it was not in discussions with the owners of the Tiwai Point aluminium smelter, in New Zealand, despite reports that project owner Rio Tinto was looking to extend the project life beyond 2024. New Zealand’s public broadcaster, RNZ... 

Goldman commodity veteran says he’s never seen a market like it

By: Bloomberg     7th February 2022 Jeff Currie, the closely-followed head of commodities research at Goldman Sachs Group says he’s never seen commodity markets pricing in the shortages they are right now. “I’ve been doing this 30 years and I’ve never seen markets like this,” Currie said in a Bloomberg TV interview. “This is a... 

An image of coal on a conveyor

Hunter gas-fired project gets approved

By: Esmarie Iannucci     7th February 2022 The federal government has given environmental approval for the construction of the Hunter power project, in New South Wales. The 660 MW gas-fired power plant at Kurri Kurri, in the Hunter Valley, will come online in 2023 and would supply power after the closer of the Liddell power station. 

Australian resource exports rise in 2021 - ABS

By: Esmarie Iannucci     4th February 2022 New data from the Australian Bureau of Statistics (ABS) has shown that Australia’s resources and energy exports in 2021 were up almost one-third on the previous year. The ABS’ International Trade in Goods and Services data for December 2021 shows total resources and energy exports were worth... 

Image shows cargo ship being loaded with iron-ore

Glencore enters battery recycling JV, targeting renewable-powered facility 

By: Martin Creamer     3rd February 2022 Diversified mining and marketing company Glencore has entered a battery recycling joint venture (JV) with strategic partner and battery pioneer Britishvolt, a UK battery cell technologies and research and development investor.   

Screenshot
Britannia Refined Metals operation in Northfleet, UK.

South Africa needs to embrace Ubuntu principles in going green, webinar hears 

By: Martin Creamer     31st January 2022 In decarbonising and going green, South Africa needs to embrace the principles of Ubuntu and show humanity towards others. That view was expressed by Gold Fields South Africa executive VP Martin Preece during the 'Decarbonisation & Going Green in the Mining Sector' webinar hosted by Creamer Media... 

Screenshot by Creamer Media
Photo by Creamer Media
From top left, clockwise, are Abel Sakhau, Martin Preece, Jevon Martin, Nikisi Lesufi and James Mackay.

Aluminium price expected to reach a 30-year high this year

By: Darren Parker     28th January 2022 Aluminium has strong potential to outperform other London Metals Exchange base metals this year, having again breached the important milestone of $3 000/t at the start of the year, diversified mining major Eurasian Resources Group CEO Benedikt Sobotka said in a statement on January 27. He said... 

A photo of Eurasian Resources Group CEO Benedikt Sobotka
Eurasian Resources Group CEO Benedikt Sobotka

Resources Watch  

26th January 2022 This week: Early income bonanza for funded Witwatersrand gold mining reviver; Hillside Aluminium could get green lifeline by 2030; And, Early copper/zinc production investigations under way at Orion’s Prieska 

Resources Watch
Resources Watch

South32 warns of global Covid impacts

By: Esmarie Iannucci     24th January 2022 Despite a strong December quarter, diversified miner South32 on Monday warned shareholders that labour shortages and freight bottlenecks would impact global operations this year. “We achieved a number of strong production results across our portfolio and realised significantly higher commodity... 

SWS, Hillside Aluminium, Aus investment make headlines   

21st January 2022 Mining Weekly Editor Martin Creamer unpacks huge advantages in South Africa modifying its Integrated Resource Plan to focus its energy effort exclusively solar, wind and storage; Hillside Aluminium which could go green by 2030; and Australian investment in Orion’s Prieska as well as in West Wits... 

Photo of Martin Creamer
SWS, Hillside Aluminium, Aus investment make headlines

Alcoa warns Russia-Ukraine conflict could hit aluminium supply

By: Bloomberg     21st January 2022 Alcoa, the largest US aluminum producer, warned investors Wednesday that any conflict between Russia and Ukraine could have an impact on the global market for the metal. CEO Roy Harvey said any kind of aggression could have an impact to supply coming out of Russia, the world’s second-largest... 

Hillside Aluminium could get green $0.03c/kWh lifeline by 2030 – Mallinson  

By: Martin Creamer     18th January 2022 It’s all about South Africa focusing attention on the generation and storage of its wonderful African sunshine and prime African wind. It’s all about going hammer and tongs for these three letters, SWS, which stand for solar, wind and storage ­– and eight hours of storage is all we need, which is... 

Picture provided from Creamer Media's Canto picture library
Energy consultant Clyde Mallinson interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Rio reports tough end to the year

By: Esmarie Iannucci     18th January 2022 Diversified major Rio Tinto has seen a drop in production across all of its commodities for the full year ending December, and in the last quarter of the year, compared with the previous corresponding period. CEO Jakob Stausholm said that in 2021, Rio continued to experience strong demand for... 

Image shows hard hats and high-vis vests with the Rio insignia

Formal launch of South Africa’s first green ammonia project on Tuesday  

By: Martin Creamer     12th January 2022 The formal launch of South Africa’s first green ammonia project takes place on Tuesday, against the background of the initiative having already secured an in-principle offtake agreement from a global player – a clear indication of the world’s ‘go green’ momentum. Hive Energy and BuiltAfrica –... 

Picture supplied by BuiltAfrica
BuiltAfrica chairperson Thulani Gcabashe interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer
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