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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Rio Tinto, an Anglo-Australian multinational mining group, has published its quarterly production report for the first quarter of CY2022, whereby it has announced a 4 per cent Q-o-Q increase in bauxite output to 13.625 million tonnes. But on a year-on-year basis, it registered no change. Bauxite...
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 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...
Geomega Resources, located in Montreal, has won funds to construct a C$4 million alumina waste processing plant in Quebec. Sustainable Development Technology Canada (SDTC), a federal agency that funds small and medium-sized enterprises will provide C$1.5 million. Rio Tinto, a Geomega partner, will...
The production of aluminium from bauxite ore is an extensive process where specific costly items are required to gain alumina powder. Then the extracted alumina powder is sent down to refineries for aluminium production. The process to acquire aluminium more efficiently and quickly rather than this...
The global industry leader in responsible aluminium production, Rio Tinto has commissioned a new remelt furnace at its Laterrière facility, by appending 22,000 metric tonnes of recycling capacity to its aluminium operations in the Saguenay – Lac-Saint-Jean region of Quebec, Canada. The production...
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...
The New Zealand government has withdrawn a composite subsidy worth about $60 million, from the Rio Tinto majority-owned Tiwai Point aluminium smelter in Southland. A freshly released cabinet paper has unveiled that James Shaw, the Minister of Climate Change had demanded the government to accept...
After gaining additional funding, a recycling enterprise that is rebuilding already shut-down aluminium plant claims it is planning to settle "outstanding invoices" of the already shut down Anglesey Aluminium plant. After smelting ceased in 2009, Orthios acquired the old Anglesey Aluminium plant...
Built between1979-1983, Russian aluminium giant Rusal owned Aughinish Alumina refinery is facing decline both with import and export items, causing extreme fear among the North Kerry County Community, in Ireland. Aughinish Alumina is the largest alumina refinery in Europe and the largest of the...
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...
The week had been a quite eventful one, owing to the ongoing Russia-Ukraine conflict. As a knock-on effect from the war, a lot of changes had been taking place in the alumina industry. To begin with, Irish government has been petitioned to prohibit all Russia ships from entering the Irish...
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...
The sudden hike in the number of events in alumina segment is primarily due to the anticipation of the crisis between Russia and Ukraine. The conflict has stirred the raw material industry greatly, causing record breaking inflation in prices of raw materials. Apart from this, looking at the current...
The global aluminium benchmark price rally to a record high this week has created a buzz across the industry. On Thursday, February 24, the LME aluminium price stood 13-year high at US$3,519 per tonne, attributable to Russia-Ukraine conflict that fuelled the worldwide supply concerns of the metal....
The controlling shareholder of Tiwai Point aluminium smelter in New Zealand, Rio Tinto will commence transporting the hazardous stuff which is being stowed away at Tiwai Point, as the company initiates clearing up the site, a place where it has produced aluminium for over 50 years. The only...
The anticipation of sanctions is on the fear radar of one of Australia’s largest alumina refineries, Queensland Alumina Limited (QAL). The alumina refinery is majorly owned by Rio Tinto, who has alerted of an emerging turmoil to its aluminium business, while the Russian aluminium giant Rusal is the...
The distressed metal tycoon, Sanjeev Gupta's GFG Alliance owned UK's last aluminium smelter has stated that investment plans for the Lochaber-based factory are on track, despite concerns that they have failed to publish accounts for their Highlands firms. As it concludes accounting for Alvance...
