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Alcoa renews energy supply agreement with AGL Energy for Portland aluminium smelter
Alcoa is renewing its energy supply agreement with AGL Energy for the Portland aluminium smelter. The new agreement will run for nine years, beginning on 1 July 2026, when the current contract between Alcoa and AGL expires. The 300 megawatts of power will cover about...
Aluminium: imports to China increased by 20 per cent in July due to stock shortages
China's aluminium imports rose 20.1 per cent in July from a year earlier, customs data showed on Friday, thanks to low inventories and expectations of higher demand in the autumn season. According to data from the General Administration of Customs, China, which is the...
Zinc: Citi buys large quantities for lucrative storage deal at LME
Citibank has purchased large quantities of zinc on the London Metal Exchange (LME) and arranged a profitable deal to store the metal in LME-approved warehouses. Although it is difficult to determine the exact amount Citi purchased, zinc stocks in LME warehouses jumped...
Aluminum: demand concerns negatively affect prices
A shortage of aluminum due to declining demand in China and elsewhere and rising supplies will undermine prices for the metal used in the transportation, packaging and construction industries, likely through the end of 2023. With shrinking manufacturing activity in...