AlCircle.com
Dutch Aluminium maker Aldel to sell 180,000 tonnes to Glencore
Edited by : Rupankar Majumder
1 min read
Adel, the Netherlands-based aluminium maker stated on 18th May’20 that it has tied up for this year and next year to sell 180,000 tonnes of the metal to commodity trader Glencore.
London-listed Glencore is a major player in the aluminium market outside China. Earlier in April’20, Glencore made a deal with Rusal for $16.3 billion.
“Aldel has embarked on a ten-year plan to become one of Europe’s leading low cost and energy-efficient producers of aluminium,” Aldel said in a statement.
The privately-owned company currently produces around 80,000 tonnes and is focusing to boost that number up significantly over the next 12 months.
Previous article
Hindalco cuts its aluminium ingot price by INR 5,000/t with effect from May 16
Next articleLME aluminium price edged higher on Monday after a week-long decline; SHFE price climbed by US$42/t
Grow with
AL Circle
