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 Says Trade, Private Equity Eye Aluminum Assets
Rio Tinto has seen "quite a lot" of interest in aluminum operations earmarked for sale last year, despite tough market conditions, and is preparing the estimated $8 billion of assets for a variety of options, including a stock listing. Rio signalled a major retreat from its aluminum business last...
Rio Tinto Alcan No Longer Pursuing Sarawak Aluminum Smelter Plan
Rio Tinto Alcan said it’s no longer pursuing plans to develop an aluminum smelter in Sarawak in Malaysia after failing to reach an agreement on power supplies for the project. “While a great deal of progress was made in negotiations with Sarawak Energy Bhd., agreement on a long-term competitive...
China supply adds to aluminium glut
OUTPUT cuts by aluminium companies such as Alcoa, the third-biggest producer, amid tumbling prices will fail to end a world supply glut as their efforts are undone by record levels of Chinese smelting, Citigroup said. Average daily Chinese production is at record levels, while output in the rest of...
Rio Tinto, CMS scrap $2 bln smelter project in Malaysia
Rio Tinto , the world's largest miner and Cahya Mata Sarawak have scrapped plans for a $2 billion aluminium smelter project in Malaysia's Borneo island as power supply terms could not be finalised, CMS said in on Tuesday. CMS, a financial and construction conglomerate based in Malaysia's Borneo...
Rio Tinto in talks on Cape York mine approval
Mining company Rio Tinto Alcan says it has met with Federal Environment Minister Tony Burke to discuss new conditions on its proposed bauxite mine expansion in Queensland's Cape York. The company raised concerns after Mr Burke included the impact of shipping on the Great Barrier Reef as a...
China aluminium output increase undermines industry cutbacks: RBS
China's increase in aluminium output for February is threatening to undermine production cutbacks made elsewhere in the global industry, RBS said in a research note Friday. "Once again Chinese aluminium producers have in one fell swoop managed to eradicate all the work done by other producers in...
Rio Tinto Alcan Starts Talks To End Aluminum Smelter Lockout
Rio Tinto Alcan began talks with union representatives Monday to secure a new labor contract and end a lockout period that has lasted nearly three months. "A government-appointed mediator called parties to the table" on Monday and talks will continue Wednesday, company spokesman Bryan Tucker told...
Alumina Seen Declining 12% in 2012 as Aluminum Demand Declines
Alumina may average $339 a metric ton this year, 12 percent less than in 2011, as world aluminum production slows, according to Australia’s Bureau of Resources and Energy Economics. Output in Australia may climb 12 percent 22.9 million tons in the year to June 30, 2013, as Rio Tinto Group’s...
Rio Tinto May Sell French Aluminum Factory, Les Echos Reports
Jean de Maurienne, France, Les Echos reported, citing an announcement the company made to workers at the plant. The plant, which employs 600 people, received a very competitive offer of electricity supplies from Electricite de France SA, the newspaper reported. Still, the site’s production costs...
Bauxite mine faces green provisos amid reef fears
Federal Environment Minister Tony Burke has imposed new environmental conditions on the proposed expansion of a Rio Tinto mine near Weipa, on western Cape York, in far north Queensland. Mr Burke says he has taken into account the impact the expansion will have on the Great Barrier Reef Marine Park....
Alcan (Tianjin) Alloy Products Company Ltd. Holds 1st Annual Meeting in Xiamen, China
Alcan (Tianjin) Alloy Products Company Ltd. Holds 1st Annual Meeting in Xiamen, ChinaAlcan Cable, a business unit of Rio Tinto, recently held its first annual China meeting in Xiamen, China. Attended by employees, management, and notable industry experts, the focus of the meeting was the promotion...
Rio ignores Chinese pessimism on growth
RIO Tinto is putting little credence in China's proclamations that annual economic growth will slow to 7.5 per cent this year. The Anglo-Australian miner, which has Chinese aluminium giant Chinalco as its biggest shareholder, says it still expects Chinese growth to be higher than 8 per cent. The...
TNG Limited enters farm in agreement with Rio Tinto for bauxite on Melville Island licence
TNG Limited (ASX: TNG) has agreed in-principle terms for a farm-in and joint venture agreement on its 100% owned Melville Island licence in the Northern Territory with Rio Tinto (ASX: RIO) subsidiary Rio Tinto Exploration. Melville Island, which covers about 1,400 square kilometres, has been a...
Rio's UK shutdown underscores industry shift
Rio Tinto has reminded Australia it's not the only developed economy suffering from global shifts in the aluminium industry, as it moves to close down a smelter in Britain. Rio announced last night the Lynemouth aluminium smelter in Northumberland would close on March 29, leaving at least 323...
DJ UPDATE:Rio Tinto To Close UK Smelter, Power Plant Talks On-Going
Rio Tinto Alcan, the aluminum division of Rio Tinto PLC (RIO) said Tuesday it will close its Lynemouth aluminum smelter in Northumberland, England on March 29 as part of its aluminum restructure plan and added that it's still in talks to sell the Lynemouth Power Station. Rio Tinto was forced to...
Carbon tax threatens aluminium jobs-Hunt
The federal opposition has tried to link possible job losses at Rio Tinto's Bell Bay aluminium smelter in Tasmania to the imminent introduction of Labor's carbon tax. Bell Bay general manager Ray Mostogl has not blamed the carbon price but rather 'tough market conditions in the form of a high...
Falling Aussie Stocks Follow Weak US Finish, While Japan Sees Early Gains
Australian shares fell in early Tuesday trading, taking cues from a weak finish for US stocks on concerns about slower global growth, while markets saw a rise in Japan. The benchmark S&P/ASX 200 in Sydney lost 0.5 percent, to hit 4,240.90. Major miners lost ground, with BHP Billiton Ltd. down 1.9...
Rio Tinto May Cut Output at Tasmania Aluminum Smelter
Rio Tinto may cut output at one of its Australian aluminum smelters which is losing money due to the strong Australian dollar, high production costs and weak aluminum prices, the global miner said. Workers at the Bell Bay aluminum smelter, part of the Pacific Aluminum business that Rio Tinto is...
