What happens when the world’s biggest bauxite supplier produces too much of the one commodity it dominates? Guinea’s bauxite market is offering a striking answer. Record exports have strengthened its position in global trade, but the surge in supply has also pushed prices lower. Australia,...
Iron ore remains Rio Tinto's financial anchor, but growing exposure to aluminium, copper and lithium is changing how investors assess the diversified miner. Rio Tinto is attracting renewed attention among UK-listed metals and mining stocks as its expanding commodity mix creates a valuation picture...
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The primary aluminium industry witnessed a lot of significant incidents this week. From the LME aluminium price opening the week with an escalation to the news of Rio Tinto resolving tax disputes with the Australian taxation office, the metal market as a whole had been going through lots of ups and...
A non-binding memorandum of understanding (MoU) is being signed between Ford Motor Company and Rio Tinto to jointly develop more sustainable and secure supply chains for batteries and low-carbon materials used in Ford vehicles. As part of the multi-material partnership, Ford, one of the world's...
Rio Tinto has acknowledged and managed disputes with the Australian Taxation Office (ATO) over all the impending tax issues. This decree will put a cap on the duel over interests on singular loans utilised to settle payments for an intragroup dividend in 2015. This agreement also eases the tension...
Rio Tinto Group, an Anglo-Australian multinational metals and mining company, has announced the second quarter results of 2022, revealing a 4 per cent quarter-on-quarter increase and a 3 per cent year-on-year rise in bauxite production to 14.1 million tonnes. According to the mining group, total...
LME aluminium's official settlement price opened the week with a growth of US$17.5 per tonne to close at US$2,417 per tonne, which declined by US$59 per tonne the next day to halt at US$2,358 per tonne. On Wednesday, the LME aluminium benchmark price slumped by US$15 per tonne to stop at US$2,343...
The global metal and mining giant, Rio Tinto has announced that the group has decided in investing US$188 million (CA$240 million) to augment the production capacity for low-carbon, high-value aluminium billets at its Alma smelter in Lac-Saint-Jean, Quebec by 202,000 tonnes. The current casting...
The end-user sector is one of the most important areas of the aluminium industry and it has witnessed a lot of happenings this week. The private railway board controlling the regional train services in Berlin and Brandenburg, Niederbarnimer Railway (NEB) ordered seven two-compartmental Mireo Plus H...
On 29 th June 2022, the world’s second-largest metal and mining corporation, Rio Tinto announced, that in partnership with Corona Canada, a pioneer in the beer industry has launched Canada’s first specially-marked, low carbon beverage aluminium can manufactured by Ball Corporation. The availability...
The global mining and metal giant, Rio Tinto plans to will invest in extensive green energy generators (wind and solar farms) in central and southern Queensland to power its Gladstone region aluminium assets. On 9 th June 2022, Ivan Vella, the CEO of Rio Tinto’s Aluminium business called for...
According to a report on Monday, June 6, Rusal, the Russian aluminium giant, prosecuted global miner Rio Tinto to regain its access to 20 per cent share in alumina produced at a jointly owned refinery Queensland Alumina Limited (QAL). Rusal, in the lawsuit, challenged Australia’s sanctions against...
The money set aside by the owners of Tiwai Point aluminium smelter for the shutting and cleaning up of the smelter has nearly doubled to $687 million. The main reason for this price jump was to get rid of more than 200,000 tonnes of spent cell lining waste that contains cyanide and toxic fluoride...
Rio Tinto and British Petroleum (bp) have agreed to collaborate on a one-year biofuel trial to assist Rio Tinto's marine fleet to reduce carbon emissions. British Petroleum will supply marine biofuel to Rio Tinto as part of the trial for approximately 12 months. The findings from the trial will be...
On 6 May, Rio Tinto Fer et Titane (RTFT) reported that its commercial-scale demonstration plant in Sorel-Tracy, Quebec had produced its first batch of high purity scandium oxide. High purity scandium oxide is being extracted from the production residue of titanium dioxide by a phenomenal process...
Australian mining giant Rio Tinto will collaborate with Japan’s Sumitomo Corporation to construct a 2MW green hydrogen production facility at the former’s Yarwun alumina refinery located in Gladstone. The proposed pilot project is going to yield 300 tonnes of green hydrogen to sufficiently cater to...
The primary aluminium industry had witnessed a plunge in LME aluminium price by US$127.5 per tonne to close at US$2,911.50 per tonne on Tuesday, May 3, which increased by 0.60 percent or US$17.50 per tonne to settle at US$2,929 per tonne on Wednesday, May 4. The official settlement price for...
On 5 th May 2022, the Anglo-Australian mining and metal giant, Rio Tinto stated that any sanctions on the Russian aluminium producer Rusal in response to the Ukraine-Russia conflict will disrupt the aluminium market and precipitate an increase in the silver metal's price. Simon Thompson, the...
The global alumina industry had witnessed limited but significant number of events. To begin with, Alpha HPA (A4N), based in New South Wales, Australia, has been awarded a $15.5 million grant from the Commonwealth Department of Industry, Science, Energy and Resources. Rio Tinto Plc has agreed to...
Rio Tinto Plc has agreed to enter into a development agreement for bauxite residues iron phase product with Innord Inc., a wholly-owned subsidiary of Geomega Resources Inc. As part of the agreement, Rio Tinto will pay Innord US$1 million to complete the requisite proof of concept work and the...
