Major Rio Tinto on Thursday announced that it would wind down operations and eventually close the New Zealand aluminium smelters (NZAS), following the conclusion of a strategic review.
The company in October last year announced a review into the fut…
Rio Tinto closes NZ aluminium smelters Read More »
JSE-listed aluminium supplier Hulamin says it experienced particularly difficult conditions during the financial year ended December 31, 2019, which resulted in its loss a share increasing by 57% year-on-year to 380c. Headline earnings were down 182% y…
Hulamin experiences difficult 2019, but balance sheet remains robust Read More »
The Trump administration is considering re-imposing tariffs on aluminum imports from Canada and an announcement could come by the end of the week, according to people familiar with the matter.
If Canada refuses to impose export restrictions on aluminu…
US set to announce aluminum tariffs on Canada by end of week Read More »
JSE-listed aluminium supplier Hulamin expects to report a basic loss a share of between 370c and 380c for the year ended December 31, 2019.
This compares with a loss a share of 242c reported for the year ended December 31, 2018.
Hulamin expects headline loss a share of at least 70c Read More »
Aluminium may find itself with an officially recognised ‘green’ tag when a low-carbon version of the metal is given new trading platform next year. FT Weekend and Aluminium International Today have reported that the London Metal Exchange (LME) will nex…
Aluminium in spotlight as LME opts for low-carbon trading platform Read More »
Alcoa said on Thursday it is considering laying off up to 534 workers from its San Ciprian aluminum plant in the Spanish region of Galicia, though a final decision has not yet been made.
High energy costs and low aluminum prices led to persistent los…
Alcoa considering more than 500 layoffs at Spanish plant Read More »
Alcoa Corp CEO Roy Harvey isn’t ready to declare that the world is on the road to recovery yet.
Speaking at a virtual metals and mining conference on Thursday, the head of the aluminum producer said there remains too much uncertainty in global economi…
Alcoa CEO sees no certainty a definitive recovery is coming Read More »
Alcoa is the latest commodity producer that’s cutting costs and output to mitigate the fallout from the coronavirus pandemic.
The company is the top US producer of aluminum, which is found in everything from jets to iPhones and has been among the wors…
Alcoa cuts costs and output in ‘fundamentally shifted’ world Read More »
With the coronavirus crisis clouding the outlook for almost every industry, the aluminum market is hoping to get at least a glimpse of what’s in store from top US producer Alcoa on Wednesday.
Aluminum, found in everything from jets to iPhones, has bee…
Reeling aluminum market braces for mining giant Alcoa’s outlook Read More »
Russia’s Rusal has approved a new long-term aluminium supply contract with Glencore worth up to $16.3-billion, it said in a Hong-Kong regulatory statement on Friday.
Swiss trader and metals producer Glencore has long been one of the main clients of Ho…
Rusal, Glencore agree aluminium deal worth up to $16.3bn Read More »
