June 2012

Alcoa to sell Tapoco dams in $600M deal

Alcoa Inc. will sell its four-station Tapoco hydroelectric project to Brookfield Renewable Energy Partners for $600 million, the aluminum producer said Friday.

HOTLINE: Thanks for the offer, but...

If you call a broker for a quote, how long would you expect him or her to hold it for you? A minute? Three minutes?

SPOTLIGHT: Point Henry reprieve points to aluminium's troubles [CORRECT]

In which country is a loss-making aluminium smelter being kept alive by a local government unwilling to stomach job losses?

MILLING ABOUT: Terry Ting to leave Rusal's Chinese office

Terry Ting, marketing manager at UC Rusal’s Beijing office, will leave the company as of Monday July 2.

European aluminium premiums continue unchecked climb

Spates of buying have continued on the aluminium market in Europe, as premiums push still higher and participants shy away from taking a long-term view.

MEIR ON METALS: Markets take off following decent European accords

Analyst Ed Meir looks at what is moving the metal markets on Friday June 29.

MB ALUMINA INDEX: $308.21: June 29

The Metal Bulletin fob Australia alumina index dropped to $308.21 per tonne on Friday June 29, from $314.50 the week before, as concluded business dwindled still further ahead of the summer period in the northern hemisphere.

Base metals break out of ranges on positive EU news in LME officials

Base metals prices trended higher during the official session on the London Metal Exchange, as positive early reports from the summit of European Union leaders boosted sentiment.

Alcoa to keep Point Henry smelter running until mid-2014

Alcoa plans to keep its 190,000 tpy Point Henry aluminium smelter in Australia in operation until at least mid-2014.

SHFE vs LME arbitrage: copper, aluminium, zinc

Arbitrage for copper, aluminium and zinc imported into China.