aluminium-sector
Top StoriesShare of Russian Aluminium in Lme Warehouses Rises to 90% After UK Curbs
Top StoriesOlympics-Decision on Aluminium Surfing Judges’ Tower by End November – Paris 2024
Top StoriesAluminium Maker Hydro Ups Capex, Offers Downbeat Outlook, Shares Drop
Top StoriesAluminium Companies Compete to Sell Low-Carbon Products
Aluminium Price Drops on Jump in Lme Stocks and Russian Metal
Date: October 17, 2022
By Pratima Desai LONDON (Reuters) -Aluminium prices dropped on Monday as inventories in London Metal Exchange (LME) warehouses jumped, fuelling fears of unwanted Russian-origin metal in the LME system, traders said. Benchmark aluminium on the LME was down 2.3% at $2,252 a tonne at 1037 GMT. Western countries have imposed sanctions on Russian banks and...
Explainer-Will Market Mayhem Erupt if US Bans Russian Aluminium?
Date: October 13, 2022
LONDON (Reuters) – Global aluminium prices soared after news the Biden administration is considering an effective ban on Russian imports of the metal used in transport and construction. Below are the potential scenarios and consequences of any U.S. curbs. WHAT IS BEING CONSIDERED? The White House is looking at banning Russian imports, raising tariffs on...
Banning Russian Aluminium Would Create Uncertainty About LME’s Role -Rusal
Date: October 6, 2022
LONDON (Reuters) – Banning Rusal’s metal will fuel volatility in the London Metal Exchange’s aluminium contracts and create uncertainty about the exchange’s role in the metals industry, the Russian aluminium giant said in a letter seen by Reuters. Last week, the world’s largest and oldest market for trading metals, said it was considering a consultation...
Glencore to Place Nordenham Zinc Smelter on Care and Maintenance From Nov 1
Date: October 6, 2022
LONDON (Reuters) -Miner and trader Glencore will place its Nordenham zinc smelter in Germany on care and maintenance from Nov. 1, it said in a memo. “The cessation of production is a reaction to various external factors affecting the business and wider European industry,” said Koen Demesmaeker, chairman of the supervisory board, in the memo....
Energy Crisis an ‘existential Threat’ to EU Metal Production -Eurometaux
Date: September 8, 2022
By Pratima Desai LONDON (Reuters) – The European Union needs to reduce power costs in the region to prevent the permanent closure of metal producing plants in the region, which would increase reliance on imports with higher carbon footprints, industry association Eurometaux said. About 50% of EU aluminium and zinc production capacity “has already been...
Eu, U.S. Step up Russian Aluminium, Nickel Imports Since Ukraine War
Date: September 7, 2022
By Eric Onstad LONDON (Reuters) -The European Union and United States have ramped up buying key industrial metals from Russia, data showed, despite logistical problems spurred by the war in Ukraine and tough talk about starving Moscow of foreign exchange revenue. The metal shipments highlight the West’s difficulty in pressuring Russia’s economy, which has performed...