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Aluminium News
Threat of contagion in emerging markets deepens commodity risk
By: Bloomberg 13th August 2018 When Thailand devalued its currency two decades ago, few in global commodity markets took note. Within a year, the crisis morphed into an emerging-market rout that eviscerated the price of everything from crude oil to copper. Fast forward to today and Turkey is presenting a similar challenge. The... →
Alcoa output not affected by strike
By: Esmarie Iannucci 9th August 2018 Aluminium major Alcoa said that industrial action at its Western Australian operations were expected to last until August 17, but would have no effect on production. The Australian Workers’ Union (AWU) on Wednesday said that Alcoa workers had walked out over an enterprise agreement dispute with... →
Glencore closing in on oil deal, transacting with Eskom 
By: Martin Creamer 8th August 2018 The local downstream oil investments of diversified mining and marketing company Glencore are expected to be concluded in the near future. Talking during a media conference after the Johannesburg- and London-listed company posted outstanding half-year results that won analyst applause, Glencore... →
Glencore CEO Ivan Glasenberg
ALCORE gets global licence for technology
By: Esmarie Iannucci 8th August 2018 ASX-listed Australian Bauxite has told shareholders that its ALCORE subsidiary would have the global licence rights for bauxite refining using the ALCORE technology. The global licence will allow ALCORE to build multiple plants in any location to meet the growing demand for aluminium fluoride... →
Russia's Rusal shuts down Nadvoitsky plant due to US sanctions
By: Reuters 7th August 2018 ussia's Rusal, the world's largest aluminium producer outside China, has started shutting down production at one of its smaller plants as a result of US sanctions on the company, Rusal representatives said on Monday. Operations at the Nadvoitsky aluminium smelter in Russia's Karelia region... →
Alcoa asks US government for tariff exemption on Canadian aluminum
By: Reuters 7th August 2018 Alcoa Corp on Monday asked the US.Commerce Department to exempt from tariffs its purchases of 40 000 metric tons of Canadian aluminum used to make beverage cans, adding to thousands of requests for such relief. According to documents posted to its website, Alcoa said no US aluminum producer can... →
More northeast China cities cancel alumina projects amid public backlash
By: Reuters 6th August 2018 Four more cities in northeast China's Liaoning province have abandoned their pursuit of alumina projects amid public environmental concerns, after Chaoyang last week scrapped plans to build the world's biggest alumina refinery. The new cancellations - announced in recent days by the cities of... →
US gives Rusal investors more time but keeps Deripaska on hook
By: Bloomberg 1st August 2018 The US Treasury Department gave investors more time to sell their shares and debt in En+ Group and affiliate, United Co. Rusal, but stopped short of removing the aluminum and power companies from a sanctions list targeting Russian billionaire Oleg Deripaska. The deadline for investors to sell... →
Rio Tinto granted chain of custody certification by ASI
By: Marleny Arnoldi 27th July 2018 Anglo-Australian miner Rio Tinto has been granted chain of custody certification by the Aluminium Stewardship Initiative (ASI). Rio Tinto is the first mining and metals company to be granted this certification, which means the company will be the only one selling aluminium that customers can be... →
WTO chief sees trade war ending in political talks
By: Reuters 26th July 2018 The nascent global trade war will have to be ended by a political agreement between world leaders, because continuing down the current path will only damage the global economy, the head of the World Trade Organization said on Wednesday. WTO Director General Roberto Azevedo said that world leaders... →
Construction starts at ALCORE pilot plant
By: Esmarie Iannucci 24th July 2018 ASX-listed Australian Bauxite on Tuesday reported that its subsidiary ALCORE has secured the minimum funding required to start Stage 1 of the ALCORE project. Site construction works started in July, as planned, at the pre-approved pilot plant site in New South Wales, for the production of... →
Norsk Hydro says unclear when will resume full output at Brazil alumina refinery
By: Reuters 24th July 2018 Aluminium producer Norsk Hydro said it was unclear when it would resume full production at its Alunorte alumina refinery in Brazil, the world's largest, as the firm on Tuesday reported second-quarter earnings in line with forecasts. Norway's Hydro was ordered in February by Brazilian authorities... →
Trade war could knock 3% off global GDP – Bank of France study
By: Reuters 20th July 2018 An international trade war with wide-ranging tariff hikes could cut global gross domestic product by as much as three percent, according to a study by the French central bank on Thursday. The direct impact of a generalised 10 percentage point increase in import tariffs could alone knock 1% off... →
EU mulls coal, pharma, chemicals tariffs if US hits cars – Wiwo
By: Reuters 19th July 2018 The European Union (EU) will consider introducing tariffs on coal, pharmaceuticals and chemical products from the United States if President Donald Trump imposes restrictions on European cars, Germany's Wirtschaftswoche magazine reported on Thursday. "Depending on progress made during the visit... →
LME to launch monthly 'implied pricing' to attract funds
By: Reuters 17th July 2018 The London Metal Exchange (LME) will launch a new set of synthetic monthly prices to make it easier for investors and funds to invest in base metals as the LME battles competition from other exchanges such as those operated by CME Group Inc.. The world's oldest and largest market for industrial... →
New mining fund raising R750m to co-finance ancillary mine projects 
By: Martin Creamer 16th July 2018 In an economic environment of tight capital allocation and bank pull back from mining finance, the new tax-incentivised CCP 12J Mining Fund is going all out to raise R750-million for co-investment in ancillary project opportunities on existing mine sites. On the list of targeted project... →
Copper heads for fifth weekly loss, aluminium awaits Trump-Putin summit
By: Reuters 13th July 2018 Copper headed for a fifth weekly loss on Friday as trade tensions between the United States and China rumbled on, while aluminium hit a three-month low ahead of a summit between US President Donald Trump and Russian President Vladimir Putin. Trump and Putin are due to meet in Helsinki on Monday... →
Copper slides to 1-year low, zinc sinks in broad selloff
By: Reuters 11th July 2018 Copper prices slumped to their weakest level in a year and zinc fell to 13-month lows amid a broad selloff on Wednesday after the Trump administration said it would slap 10 percent tariffs on an extra $200-billion worth of Chinese imports. US President Donald Trump’s latest tariff threat... →
Pace change at Collerina Cobalt's NSW project
By: Esmarie Iannucci 10th July 2018 ASX-listed Collerina Cobalt has placed plans for a nickel/cobalt project at its Collerina deposit, in New South Wales, on hold in lieu of a high purity alumina (HPA) project. The company this week told shareholders that prefeasibility study (PFS) testwork at the Collerina project has identified a... →
Analysts spring to Glencore’s defence as miner restores confidence with buyback scheme
By: Martin Creamer 5th July 2018 Research analysts have sprung to the defence of Glencore, which has rapidly restored confidence by announcing an immediate share buyback programme that communicates the formidable faith of management in the London- and Johannesburg-listed diversified mining and marketing company. In a note... →
Glencore CEO Ivan Glasenberg
Emirates Global Aluminium signs bauxite supply contract with Vedanta
By: Marleny Arnoldi 4th July 2018 Industrial company Emirates Global Aluminium (EGA) has signed an agreement to supply metals miner Vedanta Limited with bauxite from its mining operation in Guinea from 2019. →
EU to impose duties on US imports Friday after Trump tariffs
By: Reuters 20th June 2018 The European Union will begin charging import duties of 25% on a range of US products on Friday, in response to US tariffs imposed on EU steel and aluminium early this month, the European Commission said on Wednesday. The move confirms a tit-for-tat dispute that could escalate into a full trade... →
Big metal is conspicuously tight-lipped on US-China rift
By: Bloomberg 16th June 2018 If mining companies are as bothered by Trump’s tariffs as investors appear to be, they’re not saying. A full-out trade war between the US and China could negatively affect the metals and mining sector in several ways. China could respond to Friday’s US tariffs by cutting imports of raw... →
Yendon DFS on the cards after positive results
By: Esmarie Iannucci 14th June 2018 A prefeasibility study (PFS) into the Yendon alumina project, in Victoria, has estimated that the project would require a capital investment of A$271-million to support an annual production of 8 000 t of high purity alumina. ASX-listed Hill End Gold on Thursday reported that the project was... →
Mining companies combating malaria scourge – ICMM
By: Martin Creamer 13th June 2018 Mining companies are taking firm steps to help combat the scourge of malaria, which affects 3.3-billion people worldwide and kills a child every 30 seconds. International Council for Mining and Metals (ICMM) health, safety and product stewardship director John Atherton reports that: →
Brazil court rejects Alunorte bid to overturn forced output cuts
By: Reuters 12th June 2018 A court in the Brazilian state of Para denied a bid by Norsk Hydro ASA to appeal the partial suspension of bauxite refining operations at its Alunorte unit in another blow to the world's largest alumina refinery. In February, the court in Para, where the Alunorte refinery is located, ordered the... →
South Africa’s ‘Samcodes way’ a world-beater – Mullins
By: Martin Creamer 12th June 2018 South Africa has succeeded in creating a meticulous set of mineral reporting codes that continue to gain international recognition. The South African Mineral Reporting Codes (Samcodes), which protect investors, are currently so highly regarded that in October South Africa will host a large... →
Samcodes standards committee chairperson Matt Mullins (left) and Mining Weekly Online's Martin Creamer
No let up on calls for flow-through model to boost exploration
By: Martin Creamer 7th June 2018 The failure to raise risk capital for greenfields exploration in South Africa was highlighted at this week’s Junior Indaba, where there was no let up on calls for the adoption of a proven Canada-type flow-through share scheme, and ongoing criticism of the unintended consequences of South Africa’s... →
JSE business development manager Patrycja Kula-Verster
LME says plans to launch about 15 new contracts in January 2019
By: Reuters 7th June 2018 The London Metal Exchange (LME) plans to launch around 15 new contracts from next January, including cash-settled cobalt and hot-rolled coil steel contracts, an executive said on Wednesday. "We will put in place the technical capabilities by November and then we'll launch them from January,"... →
Current mining ‘boom’ very different to last one – CRU
By: Martin Creamer 6th June 2018 A return of capital expenditure (capex) and inorganic sources of growth are seen as a key corporate priority for 2018 and beyond, CRU Group senior consultant Aleksander Popovic said on Wednesday. The provider of marketing intelligence to mining told the Junior Indaba that the company’s... →
CRU Group senior consultant Aleksander Popovic
LME says looking at expanding eligibility for Rusal metal
By: Reuters 5th June 2018 The London Metal Exchange (LME) is working to see if it can expand access to Rusal's aluminium, which is under suspension due to US sanctions, but the exchange needs to be cautious, Chief Executive Matthew Chamberlain said on Tuesday. "We are working very closely with all the parties involved to... →
Rusal's May aluminium exports up threefold – Interfax 
By: Reuters 5th June 2018 United Company Rusal, the world's second biggest aluminium producer, in May increased aluminium exports to 197 000 tonnes, up almost threefold from April, Interfax news agency reported. Citing Russian Railways data, Interfax said January-May aluminium exports totalled 972 000 tonnes, down 16% on... →
Trump metal tariffs send corporate Canada reeling in disbelief
By: Bloomberg 2nd June 2018 To get a sense of the disbelief gripping Canadian manufacturers since the U.S. imposed metal import tariffs, have a chat with Marc Dutil. “I just want to scream,” the CEO of structural-steel maker Canam Group said Friday by phone. “All this is doing is creating uncertainty. It’s the last thing... →
Brazil says US tariffs and quotas unjust, still open to negotiate
By: Reuters 2nd June 2018 The Brazilian government said US quotas and tariffs that went into effect on Friday on Brazil's steel and aluminum exports to the United States were unjustified, but said it remains open to negotiate a solution that benefits industries in both countries. Under the new quota-based system agreed... →
Trump blasts Canada over trade, hints at lumber action
By: Reuters 1st June 2018 US President Donald Trump on Friday fired back at Canada after Ottawa and other American allies retaliated against Washington's steel and aluminum tariffs, and appeared to threaten possible action against Canada's lumber industry. "Canada has treated our Agricultural business and Farmers very... →
EU initiates WTO case against US steel, aluminium tariffs – WTO official
By: Reuters 1st June 2018 The European Union on Friday submitted a request for consultations with the United States on steel and aluminium tariffs announced by Washington, a first step in the WTO dispute settlement process, a World Trade Organization official said. "The WTO Secretariat has received the EU request for... →
Oil & gas, mining industries anxious about top brass succession planning
By: Henry Lazenby 31st May 2018 There is real anxiety in the oil and gas and mining industries regarding the lack of aptitude to replace an ageing top-level management talent pool, Stephen Diotte, partner and head of leadership services for Odgers Berndtson tells Mining Weekly Online. He recently joined the executive search... →
US hits EU, Canada and Mexico with steel, aluminum tariffs
By: Reuters 31st May 2018 The United States on Thursday said it was moving ahead with tariffs on aluminum and steel imports from Canada, Mexico and the European Union, ending a two-month exemption and potentially setting the stage for a trade war with some of America's top allies. US Commerce Secretary Wilbur Ross told... →
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