Norsk Hydro, one of the world’s largest aluminium producers, aims to get its cost-cutting efforts back on track after major operational setbacks in the last year-and-a-half, its chief executive said on Tuesday.
The company’s new goal is to boost earni…
Aluminium maker Norsk Hydro aims to cut costs again Read More »
Diversified miner Rio Tinto’s Canadian aluminium operations have been extended with the Aluminium Stewardship Initiative’s (ASI) Chain of Custody certification, reinforcing the miner’s commitment to responsible mining and metals production.
The certif…
Rio’s Canadian operations get certified Read More »
Commodity traders Glencore and Trafigura have picked up a combined 70 479 t of aluminium over the past week by winning online auctions of metal inventory dating back to China’s 2014 Qingdao warehousing scandal, according to the e-commerce platform that…
Glencore, Trafigura buy metal in Qingdao court auctions Read More »
The global aluminium market is likely to experience a number of deficits over the coming years as solid demand growth, driven by the construction and automotive sectors, outpaces production growth, says Fitch Solutions Macro Research. Fitch expects the…
Global aluminium demand set to outpace growth – Fitch Read More »
The trade war between the US and China that’s clouded the global growth outlook will have a lasting negative effect on aluminum demand, Norsk Hydro CEO Hilde Merete Aasheim said.
On Tuesday, the Oslo-based company pared its demand growth forecast for …
Aluminum giant sees lasting impact on demand from trade war Read More »
Canada’s exemption from US tariffs on imports of aluminium metal has boosted earnings at the Canadian operations of companies such as Rio Tinto and Alcoa, but has not cut costs for US consumers.
In May, the US lifted the Section 232 tariff of 10% impo…
Aluminium producers in Canada cash in on US tariff exemption Read More »
Alcoa cited weakness in China in cutting its forecast for global aluminum demand for the second time in three months, adding to concerns that trade frictions are eroding the outlook for the industrial metal.
The company sees aluminum use this year gro…
Alcoa pares aluminum forecast as trade-war fallout widens Read More »
At least three companies including Glencore and Trimet Aluminium have expressed an interest in buying Rio Tinto’s aluminium assets in Iceland, Sweden and the Netherlands for up to $350-million, banking sources said. Rio Tinto restarted the sale process…
Rio Tinto’s Icelandic aluminium plant attracts Glencore, Trimet – sources Read More »
Aluminum producer Alcoa Corp said on Tuesday it expects to incur a charge of between $40-million and $50-million in the second half of 2019, related to restarting operations at its Canadian smelter in Becancour, Quebec.
An 18-month lock out between th…
Alcoa expects $40m – $50m hit from restarting Canada smelter Read More »
After 18 months of often contentious labor talks with the United Steelworkers union at an aluminum smelter in Quebec, Alcoa has threatened to idle the entire facility if workers don’t sign what it’s calling a “final offer".
Aluminerie de Bécancour…
Alcoa gets tough with union by threatening to idle Quebec plant Read More »
