Europe’s power crunch cuts zinc and aluminum capacity in half

Mining News Pro - Europe has lost about half of its zinc and aluminum smelting capacity within the past year, and a further surge in power prices could knock more plants offline over winter, the region’s biggest metal producers warned.

The New Challenge of Aluminum Industry

Mining News Pro - Efforts to reopen an aluminum smelter in the Pacific Northwest have run into difficulties over finding a reliable source of renewable energy to power the plant, highlighting the challenge that the aluminum industry faces as automotive manufacturers pledge to work toward a carbon-free future.

Aluminum ‘on steroids’ may be copper’s next competitor

Mining News Pro - Researchers at the Pacific Northwest National Laboratory (PNNL) are working to increase the conductivity of aluminum, making it economically competitive with copper.

Iran Alumina plans for a 350 thousand tons of aluminum export

Mining News Pro - The CEO of Iran Alumina Company announced plans to export 350,000 tons of aluminum ingots this year.

Aluminum deals on hold, show growing concerns over price outlook

Mining News Pro - Annual US aluminum sales contract talks are starting later than usual this year as buyers hold off in the hope that further price declines will enable to them to get better terms.

Chinese lockdowns dragging aluminum prices down, no respite before H2

Mining News Pro - In its latest industry report, market analyst Fitch Solutions maintains its 2022 and 2023 aluminium price forecasts of $3,000/tonne and $2,800/tonne, after impressive rallies in Q122, but notes strong downside risks as strict Chinese lockdowns pose a strong threat to demand for the metal in 2022.

Aluminum inventories hit a record low and bears didn’t blink

Mining News Pro - Aluminum available for withdrawal in London Metal Exchange warehouses plunged to a record low, but the latest sign of supply shortages still isn’t enough to shake the bearish mood dominating metals markets as the demand outlook deteriorates.

Aluminum price rises on low supply as base metals end fear-filled week

Mining News Pro - Aluminum rose in London on shrinking inventory as other base metals wavered following a turbulent week dominated by growing concerns on the state of the global economy.

Hindalco plans $2.5 billion US aluminum recycling mill

Mining News Pro - Novelis Inc. plans to build a $2.5 billion low-carbon aluminum recycling and rolling plant in the US to cater to the growing demand for beverage can sheets and the automotive market.

Demand headwinds push aluminum price to five-month low

Mining News Pro - Aluminum fell to its lowest in nearly five months on Tuesday as funds betting on lower prices due to slowing demand sold, but worries about output cuts in Europe because of high power costs are expected to provide some support.

South32 boosts Brazil green aluminum supply with bauxite mine buy

Mining News Pro - Australia’s South32 is on track to double its green aluminum production in Brazil by early 2023 with the acquisition of an 18.2% stake in the Mineração Rio do Norto (MRN) bauxite mine from Alcoa Corp.

Aluminum price rebounds on China infrastructure push, low inventories

Mining News Pro - Aluminum price rebounded in London as investors assessed a major Chinese infrastructure push and dwindling stockpiles of the metal.

CME steps up battle against LME with new aluminum contracts

Mining News Pro - The Chicago Mercantile Exchange will launch new aluminum options contracts next month, as it steps up a campaign to wrestle trading away from its London rival in the wake of a nickel-trading debacle.

Hindalco Industries to spend $7.2 billion on aluminum demand bet

Mining News Pro - Hindalco Industries Ltd. will spend as much as $7.2 billion to expand its aluminum business over the next five years, as global supply shortages and strong demand prospects push prices toward unprecedented levels.

Aluminum price streaks to record on fears logistics issues will hit supply

Mining News Pro - Aluminum prices bolted to a fresh record peak on Wednesday as investors worried that logistics difficulties would block metals supplies due to tough sanctions on major producer Russia.

Aluminum price jumps to record as Russian attack boosts supply risks

Aluminum rallied to a record in London and nickel surged to the highest in more than a decade, pacing gains in industrial-metals markets as the deepening Ukraine crisis added to supply risks in an industry already facing critical shortages.

Biden team to hold off on Russia sanctions hitting aluminum

Mining News Pro - The Biden administration is holding off for now on sanctions against Russia that could disrupt global aluminum supplies, according to people familiar with the matter, as the market grapples with already severe shortages of the metal.

Aluminum shortages to deter blanket sanctions on Rusal

Mining News Pro - The United States and European Union countries are unlikely to impose blanket sanctions on Rusal if Russia invades Ukraine as that would exacerbate aluminium shortages, propel prices to new records and damage manufacturing, analysts say.

Aluminum price nears 13-year high on tight supply

Mining News Pro - The aluminum price rose to near the strongest level since 2008 as traders assessed the possible impact of a potential easing of geopolitical tensions over Ukraine.

Aluminum price hits highest since 2008 on LME, closes in on a record

Mining News Pro - Aluminum surged to a 13-year high in London as booming demand and a swath of smelter closures from China to Europe bring the risk of shortages of the crucial industrial metal.

How an aluminum product is helping scientists better understand the Big Bang

Mining News Pro - Alumina, a material made of aluminum and oxygen and that is second in hardness only to diamond, has been used to make a new type of optical element that will improve the performance of telescopes studying radiation from the Big Bang.

Aluminum Prices will create another Pinch Point for Auto Industry

Mining News Pro - Tensions between the U.S. and Russia over Ukraine are exacerbating a shakeout in the aluminum sector, which has been hammered by rising power prices over the past year.

Aluminum price climbs with output facing pressure in Europe

Mining News Pro - Aluminum rose as investors weighed fresh signs of pressure on output, with Alcoa Corp. planning to shut a European plant and Beijing vowing to cut carbon emissions from China’s huge army of smelters.

China vows to cut carbon emissions from aluminum smelters by 5% by 2025

Mining News Pro - China pledged to cut carbon emissions from aluminum smelters and reduce steel capacity under a five-year plan that adds some details on Beijing’s drive to reshape heavy industries.

China steps up overseas hunt for ore needed to make aluminum

Mining News Pro - China’s aluminum industry, the world’s biggest, is becoming increasingly dependent on overseas supplies of the ore needed to make the metal, another sign of the nation’s chronic reliance on raw-material imports.

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