Constellium divests Chinese joint venture as part of Vision 2028 strategy
Constellium has sold its ownership stake in its automotive structures joint venture in Changchun, China, along with its partner, to a Chinese automotive holding company. The Changchun facility manufactures aluminium crash management systems and other structural components for the Chinese automotive...
Gulf aluminium producers accelerate overseas acquisitions amid geopolitical and supply chain risks
Aluminium producers in the Gulf are increasing overseas acquisitions and investments as they seek to strengthen supply chains, expand market access and reduce exposure to regional risks. The trend comes as geopolitical tensions in the Middle East and disruptions around the Strait of Hormuz...
Grow with
AL Circle
Rusal Surges to Record in Hong Kong
... United Co. Rusal surged to a record in Hong Kong trading after OAO GMK Norilsk Nickel raised its offer to buy back shares held by the world’s biggest maker of aluminum to $12.8 billion and said it will boost output. ...
New Norilsk offer for 20pct stake of Rusal could be the last - Analysts
... it was offering to buy 20% of its shares from aluminum giant UC Rusal for USD 12.8 billion. It previously offered to buy Rusal's entire 25% for USD 12 billion. The new offer is a 33% improvement on the last and is based on a market cap of USD 64 billion instead of USD 48 billion .....
Russia's Norilsk offers to buy out Rusal's 20% stake for $12.8 bill
...Russian nickel and platinum group metals producer Norilsk Nickel has revised its offer to buy a stake held in itself by Russian aluminum producer Rusal, and is now willing to buy a 20% stake for $12.8 billion in cash, Norilsk said Friday...
Hindalco: Novelis buy pays off
...The markets are not known to reward managements for their long-term vision. In 2007, Kumar Birla faced the wrath of the stock market when he took a $6.2 billion call on Novelis, the Atlanta-based producer of rolled aluminum products. The markets questioned his assumption that more aluminum would...
Dhammika foray into Lankan Aluminium and Hayleys dominates proceedings
...It was another fiery week at the Colombo bourse with PC House, Environmental Services Ltd and enterprising entrepreneur Mr Dhammika Perera who is along with interested parties is seen aiming to take control of the highly diversified Hayleys group dominating the market and trading news during the...
Norsk Hydro aiming to be a resource rich fully integrated aluminium company
...After an eventful 2010 and the announcement of the biggest transaction in the company's history, Norsk Hydro ASA is preparing for a new era as a resource rich and fully integrated aluminium company...
Consolidation likely in China secondary aluminum: Sigma executive
... A major round of consolidation in China's secondary aluminum industry is likely over the next nine years, one of the largest secondary producers in China said Monday. ....
RusAl Sues to Halt Norilsk's Buyback
...A RusAl employee pouring molten aluminum at the Bogoslovsky smelter. Norilsk says RusAl’s claims are invalid. United Company RusAl, billionaire Oleg Deripaska’s aluminum company, filed lawsuits to stop Norilsk Nickel’s planned share buyback...
Sequoia Capital Picks Up Stake In Ess Dee Aluminium?
... Sequoia Capital India has picked up a stake in Ess Dee Aluminium Ltd., which makes packaging materials used by pharmaceutical companies, from the open ...
Rio Tinto divests 61% stake in France's Alcan Engineered Products
...Anglo-Australian mining major Rio Tinto said Tuesday it has completed the divestment of a 61% stake in its French aluminium unit Alcan Engineered Products to funds linked to Apollo Global Management and Fonds Strategique d'Investissement...
Topsun Technology terminates asset acquisitions
... China Securities Journal citing a company filing reported that Topsun Science and Technology has terminated its planned acquisition of Qinghai Tongren Aluminum Industrial's aluminum smelting and processing assets. As per report Topsun Technology will pay CNY 4.6 million in compensation to...
UPDATE 1-RUSAL Rejects Offer to Sell Norilsk Stake for $12Bn
UC RUSAL (0486.HK: Quote) on Tuesday rejected an offer to sell its 25 percent stake in Norilsk Nickel (GMKN.MM: Quote) to the Russian mining giant for $12 billion,... Investors were also encouraged by the the world's top aluminium producer hiring Bank of America Merrill Lynch to value its Norilsk...
Norilsk Nickel may raise offer price for RusAL's stake
... Russia's largest nickel miner Norilsk Nickel is ready to discuss paying more than the $12 billion it has already offeredfor its 25% stake, held by the world's top aluminum producer RusAl, Norilsk Nickel said on Monday. "We are aware that the deal is supported by two RusAl shareholders - M.D....
UPDATE 2-Norilsk Nickel Says 2 RUSAL Investors Back Stake Bid
... Russian miner Norilsk Nickel (GMKN.MM: Quote) said UC RUSAL (0486.HK: Quote) shareholders Mikhail Prokhorov and Viktor Vekselberg back its offer to buy the aluminium giant's Norilsk stake, lending weight to the $12 billion bid. The world's largest nickel and palladium miner, which has given...
Changshu Aluminum Foil cut its holding in the listed company
... Jiangsu Alcha Aluminum parent, Changshu Aluminum Foil Factory cut its holdings in the listed company by 1.01 million shares or a 0.6% stake on December 22. The target shares were sold at CNY 16 per share. The transaction was valued at CNY 16.23 million. ...
Rothschild Says Rusal's Norilsk Stake Worth About $15 Billion
... Rusal’s stake in OAO GMK Norilsk Nickel is worth at least $15 billion, said Nathaniel Rothschild, chairman of the holding company for billionaire Oleg Deripaska’s Rusal shares. That’s $3 billion more than Norilsk bid for the stake last week.
RusAl used greenmailed to get higher price for stake - Norilsk
... aluminum producer RusAl is using greenmail to get a higher price for its stake in Russia's largest nickel miner Norilsk Nickel by requesting an emergency shareholders' meeting. ... The move followed last week's offer by Norilsk to buy RusAl's 25% stake for USD 12 billion. ....
Aleris International completes sale of MCN Empreendimentos
... Aleris International, Inc. has completed the sale of its operations in Brazil to MCN Empreendimentos e Participacoes Ltda. The transaction includes assets associated with 11 scrap collection centers located throughout Brazil and two melting sites in Pindamonhangaba, Brazil. ...
