Julian Kettle: ‘Copper is at the nexus of the energy transition.’
Julian Kettle joined the BizNews Power Hour to discuss his latest blog on copper, aluminium and the sustainability of the copper price.
Aluminium
đź”’ Hulamin faces up to dim prospects
Aluminium fabricator Hulamin has lost R2.5 billion in market value under CEO Richard Jacob over the past 10 years and it’s troubling, says an expert.
Alfa Romeo Giulia QV lands in SA
The first batch of Alfa Romeo Giulia QV’s has hit South African shores, something that has Miles Downard quite excited.
Bad news for Hulamin – Chinese power subsidy adds aluminium price pressure
A helping hand for China’s economy may end up hurting aluminium prices, worsening a glut that’s threatening producers worldwide.
Bloomberg View: Shilling – Why commodity prices still have long way to fall
It’s hard not to notice that commodity prices have been plummeting but Gary Shilling says prepare for further big declines.
Standard Bank takes $80m hit on suspected China fraud
JOHANNESBURG (Reuters) – South Africa’s Standard Bank said on Thursday it took an $80 million writedown from its exposure to a suspected metal financing fraud in China. Chinese authorities launched an investigation in May into whether metals trading firm Decheng Mining and related companies used fake warehouse receipts at Qingdao port to obtain multiple loans secured against a single … Read more
 Aluminium shortfall forecast for 2015
This Reuters-reported news that the global aluminium market will shift into its first deficit in almost a decade presents an intriguing picture. The reality is that it will be a supply shortage in what is a fundamentally oversupplied market. It’s just that most of the stock is locked up in warehouses; tied up in financing … Read more
Russia’s Rusal starts $220m Dian-Dian bauxite project in Guinea
MOSCOW (Reuters) – Russia’s Rusal, the world’s largest aluminium producer, has launched the Dian-Dian bauxite project in Guinea, the company said in a statement on Thursday. The decision to start the project comes amid continuing talks between Rusal, whose net debt stood at $10.3 billion at the end of March, and its creditors over debt restructuring. Dian-Dian is the … Read more
Aluminium demand explodes; urging a re-think on Eskom’s BHP deal, Hulamin shares?
It hasn’t been an easy time for the local aluminium sector. Major manufacturers have been blamed – unfairly – for the nation’s electricity supply crisis. And Pietermaritzburg-based beneficiator Hulamin’s share price has been under the cosh for years as global demand reflected poor economic conditions. But every dark night has its dawn. And for the … Read more