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Yunnan will increase energy for aluminium smelters
Power supplies to aluminium smelters in China’s southwestern Yunnan province will be increased this month, allowing some capacities in the drought-stricken region to resume operations. Yunnan, China’s fourth-largest producer of electrolytic aluminium, has...
Nickel and copper: Glencore and automakers lead $1 billion acquisition of Appian mines in Brazil
Private equity firm Appian Capital Advisory is selling its wholly-owned Atlantic Nickel and Mineração Vale Verde operations in Brazil to ACG Acquisition Company Limited for $1bn in cash, with capital from battery metal-hungry players including Glencore and Volkswagen....
Rio Tinto to invest $1.1 billion to expand low-carbon aluminium production in Canada
Rio Tinto will invest $1.1bn to expand its low-carbon aluminium smelter in Quebec, adding 160,000 mt/year of primary aluminium capacity through the addition of 96 new AP60 cells. The investment at the company's Complexe Jonquière plant, which includes up to $113...
Aluminium: Russian metal stocks rise at the LME boosting demand for the Indian alternative
The share of Russian aluminium in warehouses registered with the London Metal Exchange (LME) rose to 68 per cent in May from 52 per cent in April, according to the exchange's data on Monday, as traders reported increased demand for Indian metal as an alternative. The...