Rio Tinto aluminum production holds, AP60 expansion delayed
Rio Tinto maintained third quarter aluminum production as its Arvida smelter transition continued, while the company delayed two capacity projects at the Quebec complex.
Rio Tinto maintained third quarter aluminum production as its Arvida smelter transition continued, while the company delayed two capacity projects at the Quebec complex.
There’s a lot of news to keep track of, so we’re lending a hand with highlights from the past month and what they mean for you.
The aluminum manufacturer said about 10 salaried workers and 70 hourly workers were impacted.
Rio Tinto will exclusively market billet from RevoCast’s new British Columbia plant under a long-term agreement combining primary and recycled aluminum.
The Midwest premium could slip if Canada reroutes primary back to the US. But the balance in supply would still be coming from other countries, likely the Persian Gulf.
Canada and the EU. Russian sanctions. China talks.
RevoCast has started secondary aluminum billet production in British Columbia, adding more than 80,000 tonnes of annual capacity to Western Canada.
US diesel prices hit a record $6 per gallon last week. That will have a forceful impact on American pocketbooks, just like higher gasoline prices are having.
A new US aluminum trade group is seeking lower costs on primary metal while backing duties on competing finished imports.
“It's going to take some time to get back to the table."