December 2023

Rio Tinto to further reduce Amrun bauxite operations emissions with additional solar farm

Miner Rio Tinto is to build an additional solar farm and battery storage facility to power its Amrun bauxite operations in Queensland, Australia, as part of its efforts to reduce its CO2 emissions across its value chain, the company said this week.

European secondary aluminum markets consolidate gains

Prices for European secondary aluminum were stable on the week to Friday December 1, consolidating previous gains supported by relatively tight supplies of both ingot and scrap and steady export demand in Asia, although overseas buying interest has weakened since late November, trade sources told Fastmarkets.

Glencore, Hydro conclude Alunorte alumina refinery, MRN bauxite mine equity transaction

Trader-miner Glencore and aluminium producer Norsk Hydro have concluded the transaction for a 30% equity stake in Alunorte alumina refinery, and a 45% equity stake in bauxite mine Mineracão Rio do Norte, both in Brazil, the companies said on Friday December 1.

Secondary aluminium billet premiums in Europe continue to trend lower despite recent capacity curtailments

Secondary aluminium billet premiums in Europe continued to fall in the month to Friday December 1, with extended seasonal maintenance periods now expected for many in the coming weeks.

Green aluminium transition not possible without affordable renewable energy, Hydro says

The green aluminium transition will not be possible without a significant increase in supplies of renewable energy at affordable prices, aluminium producer Hydro said at its Capital Markets Day 2023 on November 29-30.

‘Relief’ for recyclers with Indian aluminium quality control orders delayed until 2024, MRAI says

India’s Ministry of Mines has this week extended the deadline for compliance with the Quality Control Order (QCO) covering aluminium and aluminium alloys until June 1, 2024.