Metals and Mining Aluminum Producers

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  • DUBAI, June 21- Aluminium Bahrain has approached banks for a $750 million loan towards the financing of its Line 6 expansion project, sources told Reuters on Tuesday. Production from the facility is expected to start in early 2019 and Alba is raising around $3 billion to help finance the scheme, through a mixture of loans from banks and export credit agencies and...

  • *Graphic on China aluminum production vs prices: http://tmsnrt.rs/28IXhIq. LONDON, June 20- " China has committed to ensure that its central government policies and support do not target the net expansion of steel capacity; and to actively and appropriately wind down' zombie enterprises' through a range of efforts, including restructuring and bankruptcy."

  • *Graphic on China aluminium production vs prices: http://tmsnrt.rs/28IXhIq. LONDON, June 20- " China has committed to ensure that its central government policies and support do not target the net expansion of steel capacity; and to actively and appropriately wind down' zombie enterprises' through a range of efforts, including restructuring and bankruptcy."

  • LONDON, June 15- Japanese aluminum buyers are locked in talks with producers over the level of physical premiums to be paid for shipments in the third quarter. The opening salvoes suggest the premium will fall slightly from the second-quarter level of $115- 117 per tonne over London Metal Exchange cash prices. nL4N18Z2L4. Wherever it settles, it will be within the...

  • LONDON, June 15- Japanese aluminum buyers are locked in talks with producers over the level of physical premiums to be paid for shipments in the third quarter. The opening salvoes suggest the premium will fall slightly from the second-quarter level of $115- 117 per tonne over London Metal Exchange cash prices. nL4N18Z2L4. Wherever it settles, it will be within the...

  • *Discrepancy between national and local policy in China. *China demand growth for base metals skewed to downside. News last month that China has agreed to eliminate export subsidies on some materials and metals has raised expectations of a slowdown in the massive flow of semi-fabricated aluminum products into Western markets.

  • RAS AL-KHAIR, Saudi Arabia, June 2- At a sprawling desert complex on Saudi Arabia's northeastern Gulf coast, refineries, smelters and casting machines transform dull pink rocks into silver aluminum bars, a symbol of the kingdom's attempt to diversify its economy. And in coming years, the success of Saudi Arabia's efforts to build an economy that does not rely on...

  • *Japan aluminum stocks down more than 30 pct from a yr ago. *Japan buyers not willing to accept $110/ T- source. Japan is Asia's biggest importer of the metal and the premiums for primary metal shipments it agrees to pay each quarter over the London Metal Exchange cash price set the benchmark for the region.

  • The latest figures from the International Aluminium Institute showed a collective annualised run-rate outside of China of 25.1 million tonnes in April. The world outside of China is widely believed to be in supply deficit. China, on the other hand, is widely believed to be still in production surplus, the resulting imbalance generating continued flows of...

  • BHUBANESWAR, India, May 23- India's National Aluminium Co Ltd and Iran's mining development body have agreed to explore the possibility of building an aluminum smelter in Iran, NALCO said in a statement on Monday, as New Delhi tries to boost trade ties with Tehran after the lifting of sanctions. The agreement also opens up the prospect of other Iranian smelters...

  • The latest figures from the International Aluminium Institute showed a collective annualized run-rate outside of China of 25.1 million tonnes in April. The world outside of China is widely believed to be in supply deficit. China, on the other hand, is widely believed to be still in production surplus, the resulting imbalance generating continued flows of...

  • *China aluminum production drops in April on year- ANZ. *China ali production restarts seen sluggish-StanChart. China will push forward supply-side reform and increase the number of middle-income earners, state television quoted President Xi Jinping as saying on Monday.

  • JAKARTA, May 11- Indonesia's state-owned aluminum producer PT Indonesia Asahan Aluminium plans to increase its output to 500,000 tonnes a year by 2020 from its current production level of 260,000 tonnes, said Dante Sinaga, who heads the firm's coal power station development project.

  • SHANGHAI, May 10- Russian aluminium giant Rusal warned against Chinese smelters restarting plants to keep from undermining prices that have retreated from 2016 highs as Chinese producers consider launching a fund to deal with the layoffs from closures. China is the world's top consumer and maker of aluminium. Aluminium on the London Metal Exchange was...

  • Rusal, which last year was overtaken by China's Hongqiao as the world's biggest aluminium producer, has been hit by weak prices for the metal. However, limited restarts of smelters in China were helping the market, it said. Rusal's first-quarter sales rose 2.7 percent on the same period last year to 957,000 tonnes and included 39,000 tonnes produced in a trial run...

  • Rusal, which last year was overtaken by China's Hongqiao as the world's biggest aluminium producer, has been hit by weak prices for the metal. However, limited restarts of smelters in China were helping the market, it said. Rusal's first-quarter sales rose 2.7 percent on the same period last year to 957,000 tonnes and included 39,000 tonnes produced in a trial run...

  • April 29- Russia's Rusal Plc reported a 1.7- percent rise in first quarter aluminium production from a year earlier and said there were signs metal prices were improving thanks to global output cuts. Rusal, which slipped last year to world No.2 aluminium producer behind China's Hongqiao, has been hit by a slump in metal prices, but said production cuts outside...

  • China's impact on metal producers

    Eivind Kallevik, CFO of Norsk Hydro, says governments need to level the playing field between European and Chinese metal and steel producers.

  • Norsk Hydro profits beat analyst expectations

    Eivind Kallevik, CFO of Norsk Hydro, discusses the company's first-quarter earnings and the market for aluminum.

  • LAUNCESTON, Australia, April 27-- If there is a common theme emerging from the recent strong gains in commodity prices, it's that the extent of the rally isn't justified by fundamentals and is therefore largely speculative. Aluminium on the Shanghai Futures Exchange has jumped about 17.6 percent since the start of the year to Tuesday's close of 12,840 yuan a...