Alcoa strikes $3.1b cash-and-stock deal for South32’s key aluminium assets
Alcoa Corporation is acquiring South32’s key aluminium assets in a USD 3.1 billion deal in cash plus 17,008,960 Alcoa shares, expanding its upstream aluminium portfolio across Australia, Brazil and South Africa. The transaction will also give South32 and its shareholders an equity interest in the...
Rio Tinto adds Aurukun's 8 tpa bauxite opportunity to growing Cape York pipeline
The acquisition gives Rio Tinto control of a major undeveloped Cape York resource as it expands its existing Weipa operations and advances new mining areas. Rio Tinto is expanding its Cape York bauxite portfolio by acquiring the Aurukun bauxite project from Glencore and Mitsubishi, adding a...
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Tomago Aluminium test runs first AI featured robot ‘Spot’ to replace humans from hazardous tasks in smelter
The Australian primary aluminium producer, Tomago Aluminium has deployed on work a robot dog named ‘Spot’ with more advanced technology. The introduction of Spot in Tomago makes it Australia’s first aluminium smelter to trial the new AI technology, with impromptu demonstrations to showcase its...
Rusal opposes Rio Tinto’s arrangements in taking control of Queensland Alumina refinery
The world leader in the production of low-carbon aluminium, Rusal has opposed arrangements that permit Rio Tinto to take sole control of the joint venture refinery, the Queensland Alumina Ltd (QAL). The global metal and mining giant’s shift functionally slits Rusal’s ingress to production and...
Rio Tinto grabs 100% stake in QAL, denying Rusal's access to the vital raw material source
Rio Tinto has taken full control of an alumina refinery in Queensland that it shares with United Co. Rusal International PJSC, thus denying the Russian aluminium giant access to a vital raw material source. “As a result of the Australian government’s sanction measures, Rio Tinto has taken on 100...
Aurukun Bauxite Project welcomed by Australian Aluminium Council as a new member of the exploration class
Aurukun Bauxite Project is being felicitated as the newest member of the exploration membership class by the Australian Aluminium Council. It is a joint venture between Glencore and MDP Bauxite Pty Ltd (under Mitsubishi subsidiary) and is extended all over the bauxite mining area near Aurukun...
Industrial giants Capral, Tomago join hands to game-change Australian aluminium scrap re-melting phenomenon
A contract has been signed between Capral Aluminium, Australia’s leading extrusion company, and Tomago Aluminium, Australia’s largest smelter, to supply approximately 550 tonnes of aluminium scrap annually for re-melting. This chain of conduct is the first of its kind, set in Australia and destined...
A00 aluminium ingot price nosedives by RMB260/t; Australian FOB price shrinks to US$508/t
The A00 aluminium ingot price on Wednesday, March 30 has nosedived by RMB 260 per tonne, following a hike in price on Tuesday, March 29. According to SMM, the price has been recorded at RMB 22,730 per tonne as of today, with average price estimated to orbit between RMB 22,710 per tonne and RMB...
Rusal unable to extract bauxite and alumina from Australian collaboration following sanctions on Russia
United Co. Rusal International PJSC can’t get hold of its share of alumina contained in an Australian joint venture therefore increasing the pressure on Russian aluminium giant to find sufficient amount of raw material it needs to feed the company plants. Two weeks back when Australian Prime...
Alumina weekly recap: Aughinish Alumina faces uncertainty owing to sanctions; OxyChem gradually moves towards diaphragm-grade caustic soda production
War is never good for the economy and the earliest of its blows are felt in the industrial or manufacturing sector. This week has been full of turmoil and uncertainty following the Australian ban on bauxite import to Russia, Rusal’s Irish counterpart Aughinish Alumina is facing ownership crisis....
LME aluminium price grows through the week to US$3583/t on possible production disruption due to natural gas price hike; SHFE slips to US$3619/t
Australia’s ban on its alumina and aluminium ore exports to Rusal and Russia’s price hike on natural gas causing possible disruption in aluminium production have lifted the LME prices almost throughout the week. On Monday, March 21, LME aluminium cash bid price and LME aluminium official settlement...
China fears of secondary sanctions for supporting Russia with alumina supply
On March 20, in response to the Ukraine-Russia standoff, the Australian government had imposed a ban on the export of alumina, bauxite and other commodities to Russia. As a result, some industry analysts believe that Russia may now seek help from China for the alumina supply. However, Chinese...
QAL unleashes caustic spray of chemical onsite following equipment malfunction
Queensland Alumina Limited, one of the largest alumina refineries by alumina output capacity, on Tuesday unleashed a caustic spray of chemical following an equipment breakdown at Gladstone, central Queensland. The matter is being investigated by the Department of Environment and Science, according...
LME records aluminium price hike to US$3,550.5/t as Australia’s export ban to Rusal underpins supply disruption; SHFE slips by US$11/t
LME aluminium opened at US$3,521 per tonne on Tuesday and closed at US$3,505 per tonne, a decrease of US$16.5 per tonne or 0.47 per cent. LME aluminium cash bid price rose to US$3,550 per tonne and LME aluminium official settlement price surged to US$3,550.50 per tonne, up by US$33 and US$32.50 per...
Australia prohibits the export of alumina and bauxite to Russia
The Government of Australia, led by Prime Minister Scott Morrison has prohibited sale to Russia for alumina, bauxite and other commodities used as raw materials in the production of aluminium in retaliation to Russia’s invasion of Ukraine. On 20 th March 2022, Morrison also declared that Australia...
Deripaska’s addition to Australian sanction list signifies more hardship for Rusal
The government of Australia has sanctioned Russian oligarch Oleg Deripaska with business interests in Australia, following initially getting them off of Australia's official sanctions list. Oleg Deripaska was the President and controlling shareholder of En+ Group and the Russian aluminium giant...
Rio Tinto plans to adopt renewable hydrogen for decarbonizing alumina refining
The Australian Renewable Energy Agency (ARENA) has awarded up to $579,786 in funding to Rio Tinto on behalf of the Australian government to conduct a feasibility study looking at the possibility of partially decarbonizing its alumina refining processes using renewable hydrogen. Natural gas is used...
Global mining giant Rio Tinto assures to detach all bonds with Russian firms, QAL agreement under scanner
The world's second-largest metals and mining company, Rio Tinto, has initiated a crucial review of its partnership agreement with Rusal, the Russian aluminium giant for Queensland venture as it looks to cut off all business cords with Russia due to its invasion in Ukraine. On 10 th March 2022, Rio...
Why buy AlCircle’s report on “Global Aluminium Industry Outlook 2022”?
The year 2022 brings with it a beam of fresh hope and aspiration for the metal industry. It is anticipated that 2022 will have in store a lot of new investments, changes and projects in the metal industry. With this, team AlCircle has launched its latest research report, “Global Aluminium Industry...
Matt Howell to step down as CEO of Tomago Aluminium after eight years
The chief executive officer of Tomago Aluminium, Matt Howell, has expressed his intent to step down following over his eight years of service from the capacity of a top executive with the effective end of May 2022. Howell, while mentioning his time as CEO, said, “I want to record my sincere...
