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Aluminium News

Parliaments must act swiftly to reduce climate change – Mapisa-Nqakula  

By: Martin Creamer     22nd March 2022 National Assembly speaker Nosiviwe Mapisa-Nqakula on Monday urged heads of the world's Parliaments gathering at the 144th plenary assembly of the Inter-Parliamentary Union to undertake all necessary efforts to deal with climate change through oversight and the constitutional powers of the... 

Now’s the time for full energy freedom, says green hydrogen stalwart Andrew Forrest 

By: Martin Creamer     17th March 2022 Let’s give energy sovereignty to the world. Renewable energy is everywhere. Every country can produce it. Now is the time to capture it, and have full energy freedom, enthused Fortescue Metals Group nonexecutive chairperson Andrew Forrest, while being interviewed by CNN anchor Christiane... 

Creamer Media screen shot.
Photo by Creamer Media
Fortescue Metals Group nonexecutive chairperson Andrew Forrest (right), being interviewed by CNN anchor Christiane Amanpour.

Markets must adapt to lack of Russian, Ukrainian commodities, Glencore says

By: Reuters     16th March 2022 Global commodity markets will need to adapt to a lack of supply from Russia and Ukraine, global miner and commodities trader Glencore said in its annual report on Wednesday. "Over time, global commodity trade flows will need to adapt to some or all of Russian/Ukrainian supply being unavailable,... 

Rusal diverts ore to Ireland after Ukraine plant shuttered

By: Reuters     16th March 2022 Russian aluminium giant Rusal is diverting bauxite cargoes from Guinea to its refinery in Ireland after the original destination in Ukraine shut down because of the Russian invasion, shipping data shows. The logistics rethink for the world's second-largest aluminium producer, which is not under... 

Equivalent of a Koeberg arising in solar projects – AmaranthCX  

By: Martin Creamer     14th March 2022 The equivalent of a Koeberg power station is arising in the form of new largely mine-linked private-sector solar power photovoltaic projects across Southern Africa, according to AmaranthCX director and founder Paul Miller, whose company is working on the second edition of its electronic map of... 

Creamer Media screenshot
AmaranthCX director Paul Miller interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Hillside Aluminium calls for refractory service providers for carbon, reduction departments and casthouse services 

By: Schalk Burger     10th March 2022 The Hillside Aluminium smelter, in Richards Bay, KwaZulu-Natal, has called for expressions of interest from refractory services companies to render furnace repairs and maintenance, ladle and launder relining and repairs, as well as pot relining and cathode sealing services for its reduction and... 

An aerial view of Hillside Aluminium's Richards Bay operations

Investors flee as aluminium, others spiral lower after nickel suspension

By: Reuters     10th March 2022 Base metals slumped on Wednesday, including aluminium despite continued worries about Russian supply, as cautious investors slashed positions in the wake of a halt in trading of skyrocketing nickel. Many metals saw losses of over 5% while tin tumbled nearly 20%. Traders had been warning in... 

Aluminium Dunkerque signs deal to buy alumina feedstock from Glencore

By: Reuters     9th March 2022 French smelter Aluminium Dunkerque has signed a deal to source feedstock alumina from commodity trader Glencore, broadening its supply chain after previously buying only from Trafigura. The smelting firm has also signed a new deal to sell aluminium to Glencore, already a customer for its metal.... 

Carmakers face soaring metal costs with Russian supplies at risk

By: Reuters     8th March 2022 Saving up for a new ride? Better start putting more cash aside. Russia's invasion of Ukraine is ramping up the price of metals used in cars, from aluminium in the bodywork to palladium in catalytic converters to the high-grade nickel in electric vehicle batteries, and drivers are likely to the... 

EN+ reviews options for aluminium producer Rusal

By: Reuters     7th March 2022  Russian hydropower group EN+ is reviewing options for aluminium giant Rusal, in which it is majority shareholder, including turning its international business into a separate entity. Western governments are tightening sanctions on Moscow for its invasion of Ukraine, triggering a disposal of... 

Copper soars to record as metals surge on Russia supply fears

By: Bloomberg     7th March 2022 Metals are breaking new records with copper spiking to an all-time high and nickel surging more than 16%, as soaring energy prices and fears of supply shocks rattled commodities markets amid war in Ukraine. The White House said it’s talking to allies about a possible oil embargo on Russia,... 

An image of copper and nickel production

Transnet bottlenecks to hamper South Africa's export opportunities amid Russia sanctions  

By: Darren Parker     4th March 2022 The bottlenecks in South Africa’s export corridors – caused in large part by State-owned logistics company Transnet’s inability to provide sufficient capacity – will likely undermine any opportunities that could arise from commodity supply shortages and higher prices as more sanctions are... 

A Transnet train

Decarbonisation standing out as key metals/mining value driver – Wood Mackenzie  

By: Martin Creamer     4th March 2022 As pressure mounts for the world to align meaningfully with the 1.5 °C global temperature rise scenario, decarbonisation is standing out as a key driver of metals and mining value. “This has strengthened our view that the mining industry now has a clear pathway towards long-term transformative... 

Creamer Media screenshot taken during webinar.
Wood Mackenzie future facing mined commodities forum covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Coal leading Australian resource exports - ABS

By: Esmarie Iannucci     4th March 2022 The latest trade data from the Australian Bureau of Statistics (ABS) has shown that coal continued to lead the surge in Australia’s export earnings for January. The ABS’ International Trade in Goods and Services data for January 2022 shows total resources and energy exports were worth... 

Image shows a coal loader at port

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,... 

An image of zinc flakes

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.
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