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Alumina: Russia’s Rusal will build a new $4.8 billion plant on the Baltic Sea
Russian company Rusal will build a plant for the production of alumina, used in aluminium production, in the Russian Baltic Sea port of Ust-Luga in a bid to reduce its dependence on imported raw materials. Rusal is the world's largest aluminium producer outside China....
Aluminum: China’s May production was largely unchanged from a year earlier
China's primary aluminum production in May increased only slightly from a year earlier, according to data released Thursday, as output in most regions remained stable, while production growth was limited by the prolonged power outage in the southwestern province of...
Copper: Glencore concludes sale of its CSA mine
Glencore announced Friday that it has closed the sale of its CSA copper mine in New South Wales to Metals Acquisition Corp (MAC). Glencore received $75 million in cash and $100 million in shares, giving it a 20.6 percent stake in MAC at the time of closing. The...
Copper: ready for third weekly gain thanks to weaker dollar
Copper prices in London hovered near five-week highs Friday and headed for a third consecutive weekly gain, buoyed by a weaker dollar and bets of more stimulus from major consumer China. Three-month copper on the London Metal Exchange is up 0.71 percent at qupta...