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Aluminum Seen Facing ‘Doomsday’ If Rusal Sanctions Proceed

Aluminum faces a “doomsday scenario” if the U.S. proceeds with sanctions on United Co. Rusal in October, according to Wood Mackenzie Ltd., which says prices could exceed their seven-year highs in April. The market outside China is already in deficit, ...

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Aluminium industry demands resumption of coal supply

The power intensive aluminium industry, hurt by the government’s decision to allocate more coal-bearing railway rakes to the electricity generation sector, has demanded resumption in regular fuel supply as per their contracted quantity. The Aluminium Association of India (AAI) has ...

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China’s Jul aluminum output rises 12% on year to 2.93 mil mt

China’s primary aluminum production rose 11.6% year on year to 2.93 million mt in July, latest figures from the National Bureau of Statistics showed Tuesday. In the first seven months, China’s aluminum output totaled 19.4 million mt, up 3% from ...

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World June aluminum production falls 2.2% to 5.32 million mt on month

Global primary aluminum output in June dropped 2.2% month on month, data from the International Aluminium Institute (IAI) showed. Total global production in June was 5.32 million mt, down from 5.44 million mt in May. The figure was also 2.9% ...

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Copper clocks fifth weekly loss, aluminium falls ahead of Trump-Putin summit

Copper clocked up a fifth weekly loss on Friday as trade tensions between the United States and China rumbled on, while aluminium hit a three-month low ahead of a summit between U.S. President Donald Trump and Russian President Vladimir Putin. ...

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New EU regulation on aluminum imports creates more bureaucracy, say traders

A new EU regulation to monitor aluminum imports, which went into effect at the end of April, will create more bureaucracy, according to market sources. Under the new legislation, participants will have to register the metal to the customs authorities ...

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How a Russian aluminum giant escaped the noose of U.S. sanctions

They were supposed to be the toughest sanctions the United States had ever imposed on a Russian oligarch. Seventeen days later, Washington watered them down. On April 23, the U.S. Treasury eased restrictions on billionaire Oleg Deripaska’s aluminum company Rusal. ...

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Unsold aluminum piling up at sanctions-hit Rusal factory

Russian aluminum giant Rusal (0486.HK) is stockpiling large quantities of aluminum at one of its plants in Siberia because U.S. sanctions imposed this month have prevented it from selling the metal to customers, five sources close to the company said. ...

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Aluminum Just Had Its Best Rally Since 1990

Aluminum retreated with other metals, paring its best rally in almost three decades, as investors assessed the implications of U.S. sanctions on United Co. Rusal, the world’s biggest producer outside China. Zinc slumped to the lowest this year. Aluminum fell ...

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Japan’s spot aluminum premium stays flat but demand outlook strong

The spot Japanese aluminum import premium at $102-$109/mt plus London Metal Exchange cash CIF Japan, on Wednesday, flat since last Thursday. But market sources said the demand outlook was strongly positive. There was no offer, bid or deal reported after ...

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