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News & Press

Read about recent events, essential information and the latest industry news.

Industry News
Monday, August 18, 2014 China refined aluminium and zinc at record production » Reuters reported that aluminium, zinc on record production of primary aluminium went up 1.2% compared with last month, hit...
Monday, August 18, 2014 Aluminium outlook improves on rising deficit » In 2007, the height of the global commodities boom, Aditya Birla Group Chairman Kumar Mangalam Birla and Tom Albanese, chi...
Friday, August 15, 2014 Rail oil tankers, victim of U.S. safety rules, also unwanted in Canada » Thousands of oil train tankers soon to be deemed obsolete in the United States are unlikely get a second life in Canada's...
Friday, August 15, 2014 NYMEX-U.S. crude edges down towards $95, demand outlook cloudy » U.S. crude oil continued its drop towards $95 a barrel on Friday after falling more than $2 a barrel the day before to end...
Friday, August 15, 2014 Mexico's Cemex to build $340 mln plant in Colombia » Mexican cement maker Cemex on Thursday said it will start building a $340 million plant in Colombia to increase production...
Friday, August 15, 2014 What could BHP Billiton divest? » There are several Australian assets that will be up for consideration in the demerger that BHP Billiton has flagged. htt...
Friday, August 15, 2014 Brazil Becomes Aluminum Importer as Cost of Power Surges » Producing aluminum in Brazil got so expensive as electricity prices surged to records this year tha tAlcoa Inc. (AA) idled...
Friday, August 15, 2014 BHP announces $14b demerger of non-core assets » BHP Billiton is pushing ahead with a demerger of its non-core assets, with chief Andrew Mackenzie preparing to unveil as s...
Thursday, August 14, 2014 Abundant light crude creates a sweet situation for refiners » The future of oil refining in Houston and the Gulf Coast increasingly belongs to the pipeline. http://www.houstonchronic...
Thursday, August 14, 2014 Eurozone recovery stops dead » After four quarters of meager growth, the fragile economic recovery in the 18-country eurozone creaked to a halt in the se...
Thursday, August 14, 2014 Eurozone 'stares recession in the face' and ECB under fire as German economy shrinks and France stag » The eurozone is 'staring recession in the face once more' as its economy showed no growth in the second quarter and inflat...
Thursday, August 14, 2014 Germany's RWE warns of supply risks as power sector crisis bites » Germany's RWE reported a 40-percent plunge in first-half profits, blaming loss-making power plants and warning that power...
Thursday, August 14, 2014 Nine reasons why thermal coal is struggling (and will continue to do so) » The price of thermal coal has fallen 51% since peaking in January 2011. Secular factors like permanent demand destruction...
Thursday, August 14, 2014 Romanian aluminum producer Alro posts EUR 18 mln loss in the first half » Romanian aluminum producer Alro S.A. recorded an adjusted net loss of RON 80 million (almost EUR 18 million) in the first...
Thursday, August 14, 2014 Labour costs impacting Kitimat smelter project » The price tag for an aluminum smelter upgrade in Kitimat, B.C. has reached US$4.8 billion, after project overruns prompted...
Wednesday, August 13, 2014 COLUMN-Australian coal miners running out of costs to cut: Russell » Coal miners in Australia have spent the past two years desperately cutting costs in a bid to survive falling prices, but t...
Wednesday, August 13, 2014 September North Sea oil output set to rise by 5 pct » North Sea daily oil output tracked by Reuters is set to rise by 5.4 percent in September from August as Forties supply sho...
Wednesday, August 13, 2014 Noranda CEO says lower power rates are key to company's sustainability » While higher LME aluminum prices have helped Noranda's second-quarter earnings, they are not enough to drive sustainable r...
Tuesday, August 12, 2014 Indian Oil Company to invest Rs 8,700 crores in Mathura refinery expansion project » Uttar Pradesh government today said Indian Oil Corporation will invest around Rs 8,700 crores in the Mathura refinery expa...
Tuesday, August 12, 2014 Indian Oil Aims to Start Crude Processing at Paradip in December » Indian Oil Corp (IOC) Ltd, the country's biggest oil refiner, aims to start crude processing at its 300,000-barrels-per-da...
Tuesday, August 12, 2014 Cheap crude benefits USGC refiners » Cheap North American crude and strong spot prices for ULSD on both sides of the Atlantic have kept US Gulf Coast refinerie...
Tuesday, August 12, 2014 Petrobras expects sharp cut in fuel imports starting in November » Brazil's state-run oil company Petrobras expects to see a sharp decline in the amount of gasoline and diesel fuel it impor...
Tuesday, August 12, 2014 CVC in talks with Singapore's GIC over Holcim-Lafarge assets - Sky News » Private equity firm CVC [CVC.UL] is in talks with Singapore's Government Investment Corporation [GIC.UL] over possible joi...
Tuesday, August 12, 2014 Fitch: U.S. West Coast Port's Labor Delay Sending Cargo North » The ongoing risk of a strike or work slowdown at West Coast ports may already be diverting cargo to other distribution met...
Tuesday, August 12, 2014 NALCO EYEING OMAN, IRAN FOR $3BN SMELTER ON COAL SHORTAGE IN INDIA » Domestic coal shortages are prompting India’s National Aluminium Co (Nalco) to plan construction of a US$3bn smelter compl...
Monday, August 11, 2014 Crude & Brent Oil Fundamental Analysis August 11, 2014 Forecast » Crude Oil is holding on to morning gains as traders panicked as violence in Iraq is close to the oil fields and could have...
Monday, August 11, 2014 What Mexico’s Energy Reform Means for Big Oil » Mexico’s Congress have given final approval to a far-reaching energy reform bill that will open up the oil and gas sector...
Monday, August 11, 2014 Essar to shut a unit at Vadinar refinery for a week » Economic Times reported that Essar Oil will shut a 40,000 barrel per day unit at its Vadinar refinery for a week for maint...
Monday, August 11, 2014 Petcoke Problems Persist on Southeast Side » A dust-up on the Southeast Side this week makes clear the ongoing fight over storage of petcoke from BP's nearby refinery...
Friday, August 8, 2014 Gas and Oil Traders Near Panic » Crude oil prices traded positive yesterday after reports the United States was considering airstrikes on advancing Islamic...
Friday, August 8, 2014 East Australia in no need of new power capacity » Falling grid consumption and increased use of rooftop solar panels means no new power generation is required within the Na...
Friday, August 8, 2014 Cost overrun in Kitimat aluminum smelter upgrade; Rio Tinto adds $1.5B to project » The cost of upgrading a BC aluminum smelter is rising sharply, meaning more spending in this province by its owner. http...
Friday, August 8, 2014 City issues ‘cease and desist’ order against company for petcoke storage without permit » An East Side neighborhood-based company was issued a cease and desist order this week for allegedly storing and handling p...
Friday, August 8, 2014 China Aluminum Exports at 3-Year High on Rising Overseas Prices » Aluminum shipments from China, the world’s largest producer and user, rose to the highest level in three years as higher p...
Friday, August 8, 2014 Rio Tinto’s Kitimat aluminum smelter upgrade price tag rises to US$4.8 billion » Rio Tinto will pump another US$1.5 billion into the aluminum smelter upgrade at Kitimat, B.C., increasing the total projec...
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