US imported 11.5x more primary aluminium from Canada than it exported in semi-fabricated form in H1 2026 - know why
At the US-Canada border, aluminium is constantly on the move, but the direction of trade is far from balanced. In the first six months of 2026, the US imported 907,581.44 tonnes of primary aluminium from Canada, while exporting only 78,886.12 tonnes of semi-fabricated aluminium products such as...
Australian bauxite forecast at $39/t vs Guinea at $34-46/t: How ore quality, freight and oversupply are shaping prices
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,...
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Rio Tinto moves closer to Pacific Aluminium listing
Rio Tinto Ltd has established a team of high-profile business personalities to oversee a potential $2 billion listing of its Pacific Aluminium business, including the struggling Gove alumina refinery in the Northern Territory, according to The Australian. While Rio has not made a decision regarding...
Talks over future of jobs at Anglesey Aluminium
A crunch meeting will take place today to discuss the future of the last remaining 80 jobs at Anglesey Aluminium. A spokeswoman for the firm confirmed the business is currently consulting with workers and unions over the losses. Holyhead Mayor Cllr Jean Williams said: “This is a shock. We can’t...
Nhulunbuy celebrates as Gove refinery stays open
The outback town of Nhulunbuy is celebrating after global miner Rio Tinto Ltd promised to keep open its loss-making alumina refinery. Rio subsidiary Pacific Aluminium says it will keep open the giant Gove refinery, following a deal with the Northern Territory government to convert the diesel-fed...
Rio Tinto decides to keep Gove refinery open
Rio Tinto PLC (RIO) said it will keep a loss making alumina refinery in Australia's remote Northern Territory open as it finalizes a deal with the local government to supply cheaper natural gas to the operation for the next decade. Rio Tinto had been due to decide on the future of the Gove refinery...
Rio Tinto will solve Mozambique logistics problem
Mozambique mining resources minister Esperança Bias says that Anglo-Australian mining giant Rio Tinto will be able to find a logistics solution that will allow it to export the coal it mines in the country’s Tete province. Following a valuation of its assets in Mozambique the group recently...
Australia Commits Gas Supply for Rio's Gove Alumina Refinery
Australia’s Northern Territory government committed to supply gas to Rio Tinto Group’s Gove alumina refinery after the world’s second-biggest mining company said it may shut the plant due to high fuel oil costs. “The Northern Territory government has now guaranteed a gas supply for the Gove...
Rio Tinto Alcan may shutter Sebree aluminum plant
Rio Tinto Alcan said on Thursday the company is exploring several options for its Sebree aluminum plant, including a possible closure following a proposed rate hike by the Big Rivers electricity cooperative in Henderson, Kentucky. "We are evaluating all options for the future," a Rio Tinto...
Northern Territory gas plan to be considered on Monday
The Northern Territory cabinet to decide on Monday whether the government should release gas to Rio Tinto Ltd in a bid to save an outback town. In a statement from London on Thursday, NT Chief Minister Terry Mills said he was continuing negotiations with Rio Tinto managing director Sam Walsh as he...
Rio refinery closure would strip $400m from NT economy
Rio Tinto's loss-making aluminium refinery in Arnhem Land should be shuttered, according to an internal review, with the expected loss of up to 1500 jobs and devastating effects on the regional economy. An investment review committee recommended Rio immediately move to mothball the refinery on the...
Rio told to sell Gove aluminium plant
An internal review has recommended Rio Tinto close down its aluminium refinery in the Northern Territory over the next six to 12 months. The Australian reports an investment review committee has recommended Rio immediately mothball the refinery near Gove, which will result in the loss of around...
BHP Billiton and Rio Tinto set to post big profit falls
BHP Billiton and Rio Tinto are set to reveal that profits have slumped in their latest reporting periods, explaining why both the miners have made cost-cutting their No 1 aim in 2013. Rio leads the way on February 14 with its annual profit report. A 41 per cent plunge from $US15.5 billion ($14.8bn)...
Oleg Deripaska predicts upturn in the aluminium sector
As chief executive of Rusal, the world’s biggest aluminium producer, he has a ringside view of what is going on in the commodity markets and the turmoils of his own sector. Last month mining giant Rio Tinto waved goodbye to its chief executive Tom Albanese, as it wrote another $10bn (£6.4bn) to...
Rio Tinto Alcan gives 12-month notice to its power supplier
Following the lead of Century Aluminum at Hawesville, Ky., the Rio Tinto Alcan aluminum smelter at Sebree, Ky. has notified its electric suppliers it intends to shut down in 12 months. Rio Tinto Alcan’s website says it uses 325 megawatts of electricity each day — enough to power a city the size of...
Rio extends gas deadline for Gove Alumina refinery
MINING giant Rio Tinto has extended its deadline for the Northern Territory government to find a supply of gas to power the company's loss-making aluminium refinery in Arnhem Land, the NT's largest private enterprise. Chief Minister Terry Mills will now make a last-minute dash to Europe in a bid to...
Struggle for gas continues to keep Gove refinery running
Last-ditch efforts are underway to persuade Rio Tinto to maintain production at its Gove alumina refinery in Australia after talks with potential gas suppliers to reduce costs ended without a resolution. Rio Tinto subsidiary Pacific Aluminium has said if it can't run the 2.5 million tonnes-per-year...
Rio Tinto fares well in its flagship iron ore business
What's new Rio Tinto recently unveiled another solid quarterly production update, with its flagship iron ore business producing a record 199 million tonnes in 2012. Production records were also set in bauxite and alumina. Thermal coal production was up 5 per cent (albeit off a low base), while the...
Rio Tinto starts writing down its Mozambique assets
Rio Tinto has started a write-down of its Mozambique assets, which might lead to the partial sales of the activities bought less than two years ago through the Riversdale Mining acquisition. Entrance to Mozambique, where Rio hoped for a rapid exploitation of what it had defined the world's best...
Deadline approaching for decision on Gove refinery
The loss-making Gove peninsula aluminium refinery and bauxite mine in Nhulunbuy, in the Northern Territory’s Arnhem Land, will have its fate decided today. Around 800 people staged a rally to display their concern at the possible closure of the plant, operated by Rio Tinto subsidiary Pacific...
