With over 15 years of experience in financial journalism, Lara has become a recognized voice in global metals markets. Her career spans several continents, allowing her to develop a deep understanding of market movements, investment strategies and the broader financial implications of metal mining and production. Her editorial leadership at Metals Wire ensures that all content is not only timely but also insightful, providing a comprehensive look into the sector. Lara’s approach focuses on making complex market trends accessible to both industry insiders and general readers.
THE SURGE in India’s import of Russian crude oil has come under the spotlight, but a sharp pick-up in India-Russia trade in another commodity has largely been under the radar. India’s exports of aluminium oxide, or alumina, to Russia jumped to 2.58 lakh tonnes in April-February of financial year 2022-23 (FY23) from nil in the...
American aluminium producer Century Aluminum released results for the first quarter of 2023 this week. Though production fell in the quarter, the financial results were better in the opening three months. In the first three months of 2023, Century shipped 169,471 metric tons, down on the quarter from 181,165 metric tons last year. Net sales...
The raised funds will be used by Group 6 Metals to start operations at the Dolphin tungsten mine in Tasmania. Australian miner Group 6 Metals has unveiled plans to raise A$30m through a share placement and share purchase plan (SPP) to begin operations at its Dolphin tungsten mine on King Island, Tasmania. It secured commitments...
Empty factories and warehouses haunt and remind small communities daily of Pennsylvania’s past contributions. Now, a global company hopes to bring back some of that economic vitality to Williamsport. On Wednesday, Pennsylvania Industrial Development Authority (PIDA) approved a $3 million loan for Chance Aluminum Corporation in Williamsport. Chance Aluminum, branch of AA Metals is expected...
Constellium SE (NYSE: CSTM) announced today that its Aheadd® CP1 aluminium additive manufacturing powder was approved for use in Formula 1 cars beginning in the 2024 season. Constellium has partnered with Velo3D and PWR Advanced Cooling Technology to start providing highly efficient, compact, and lightweight heat exchangers for Formula 1 vehicles along with a variety...
Century Aluminum Company (NASDAQ: CENX) today announced that it has entered into an agreement with Noble Group Holdings Limited (“Noble”) to acquire Noble’s 55% ownership interest in Jamalco, a bauxite mining and alumina production joint venture in Jamaica. Jamalco has annual alumina production capacity of approximately 1.4 million tonnes and employs over 900 people. Pursuant...
The Russian company Rusal plans to build a plant for the production of car wheels in Uzbekistan, Vladislav Vasilyev, director of the department of metallurgy and materials of the Ministry of Industry and Trade of the Russian Federation, said at a panel session of the Innoprom. Central Asia in Tashkent. According to Vasiliev, Rusal Group...
The European Commission’s exclusion of aluminium from the EU’s list of strategic raw materials is unacceptable because of the metal’s importance to key industries of the future, writes Anna-Michelle Asimakopoulou. Anna-Michelle Asimakopoulou is vice-chair of the European Parliament’s committee on international trade. She is affiliated with Greece’s New Democracy party and the European People’s Party...
Norsk Hydro (NHY.OL) will supply Porsche AG (P911_p.DE) with low-carbon aluminium and eventually recycle its battery materials as the luxury carmaker moves to decarbonise its supply chain, the companies said on Wednesday. Makers of electric cars are looking to replace steel with aluminium to make car bodies and batteries lighter to increase mileage. Hydro signed...
Global primary aluminium output rose 0.5% year on year in March to 5.772 million tonnes, data from the International Aluminium Institute (IAI) showed on Thursday. Estimated Chinese production was 3.387 million tonnes in March, the IAI said. Learn more: Nasdaq
Rio Tinto plc (RTPPF.PK, RIO.L, RIO, RTNTF.PK), on Thursday, reported Q1 Bauxite production of 12.1 million tonnes was 11% lower than the first quarter of 2022 as the company’s Weipa operations were affected by higher-than-average rainfall during the annual wet season. First-quarter Aluminium production was 0.8 million tonnes, 7% higher than the first quarter of...
Severe power shortages in China’s southwestern Yunnan province are likely to cut aluminium production in the country’s fourth-largest producing province, analysts and producers said, but weak demand will cap price rises. Yunnan, which accounts for about 12% of China’s aluminium capacity, has forced electrolytic aluminium producers to reduce their power usage since September last year...
Rio Tinto has begun construction to increase its capacity to cast low-carbon, high-value aluminium billets by 202 000 t at its Alma, Quebec smelter. The existing casting centre will be expanded to include new state-of-the-art equipment such as furnaces, a casting pit, coolers, handling, inspection, sawing and packaging systems. Commissioning is scheduled for the 1H25....
Alcoa has announced the expansion of the Company’s EcoSource™ low-carbon alumina brand to now include certain grades of non-metallurgical alumina. First launched in 2020 for smelter-grade applications (SGA), EcoSource is the world’s first and only low-carbon alumina brand. Now, it is also being offered in non-metallurgical (NMA) grades, including hydrates and calcined materials. Hydrates are...
Russian aluminium tycoon Oleg Deripaska was cleared of contempt of court by London’s High Court on Wednesday in a long-running legal battle with his former business partner. The founder of aluminium giant Rusal (RUAL.MM) was alleged to have breached an undertaking to the court in a lawsuit brought by former Russian finance minister Vladimir Chernukhin...
MMK Metalurji, part of MMK Group, has resumed operation of its hot rolling production complex. The plant was forced to suspend operations for several months due to the earthquakes in southeast Turkey and unfavourable economic conditions. The plant’s specialists launched an electric steelmaking shop with a casting and rolling module at the Dörtyol production site...
Global aluminium producers have offered Japanese buyers premiums of $125-$145 per tonne for April-June primary metal shipments, up 45%-71% from this quarter, five sources directly involved in quarterly pricing talks said. The offers, if agreed by buyers, would mark the first increase in six quarters and the highest level since the October-December quarter in 2022,...
