R/€ = 18.90 Change: 0.01
R/$ = 16.23 Change: 0.01
Au 1878.64 $/oz Change: 5.49
Pt 842.38 $/oz Change: -3.92


Aluminium demand growth will soon outpace production growth

By: Marleny Arnoldi     30th October 2020 Research agency Fitch Solutions Country Risk & Industry Research says the global primary aluminium market will remain largely in oversupply, owing to absolute production remaining higher than consumption this year, but the surplus is likely to start narrowing from 2021. This will remain the case... 

Metal industry sees no need for LME green aluminium platform

By: Reuters     22nd September 2020 The London Metal Exchange does not need a separate platform to trade low carbon aluminium and should focus instead on services its users need more urgently, such as a euro-denominated steel contract, metal industry sources told Reuters. As pressure mounts on investors and companies to prove their... 

Australia aluminum sector in fight for survival, industry warns

By: Bloomberg     15th September 2020 Australia’s aluminum smelters are being priced out of the global market due to high energy costs, with closures looming unless they can find a pathway to cheaper power, according to the head of an international producer body. The warning comes as smelters across the globe are under pressure from... 

Rio Tinto may need to tap outsider for new chief 

By: Reuters     11th September 2020 Four years after mining giant Rio Tinto swept out its veteran managers to make way for a new generation of business heads, its leadership team has come unstuck. The world's biggest iron ore miner is looking for a new chief and iron ore boss after they allowed the blasting of ancient Aboriginal... 

Trafigura launches $500m low-carbon aluminium financing platform

By: Mariaan Webb     8th September 2020 Commodities trader Trafigura has launched a $500-million ‘low carbon aluminium’ financing platform, which it says is a first-of-its kind for the company and the wider market. Supported by Natixis and Rabobank, the platform will enable Trafigura to access finance at a preferential interest rate... 

Steel spacer plate for CAT 3500 engines from IPD

By: Creamer Media Reporter      25th August 2020 Now available from IPD South Africa, the IPD steel spacer place for the CAT 3500 series engines is more corrosion-resistant than the standard aluminium or cast iron product. This cost effective option is for CAT part number 5197297, which replaced part number 3629677. The IPD spacer plate... 

Water treatment technology available but costly

By: Darren Parker     21st August 2020 Although the technology to treat and purify mine water to acceptable standards already exists, the main challenge for the mining industry and society is affordability, says water and environmental consulting firm GCS regional director and senior hydrogeologist Pieter Labuschagne. Currently, the... 

South32 progressing negotiations with Eskom for Hillside  

By: Tasneem Bulbulia     20th August 2020 Dual-listed South32 is making good progress with its negotiations with State-owned power utility Eskom on electricity prices for its Hillside aluminium smelter in Richards Bay, the group said during a media call on August 20. COO Mike Fraser said the group had reached an agreement with Eskom on a... 

Norsk reduces Alunorte capacity on pipeline maintenance

By: Mariaan Webb     19th August 2020 Production at the Alunorte alumina refinery will be reduced to between 35% and 45% of its capacity, while aluminium producer Norsk Hydro completes maintenance work on a pipeline that transports bauxite to the refinery. Maintenance had to be brought forward after sections of the pipeline from the... 

Imperial field crews discover new areas of scandium at Crater Lake

By: Mariaan Webb     14th August 2020 TSX-V-listed Imperial Mining is mobilising drill crews to the Crater Lake project, in Quebec, after field crews conducting mapping and sampling discovered several new areas of scandium mineralisation on the Crater Lake project. These new showings lie within the same 14-km arcuate magnetic trend... 

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