A smelter shutdown in Mozambique is set to dent global aluminium supplies next year, analysts say, leaving the plant's core European Union customers searching for alternatives.
A Russian court has ruled in favour of Rusal in the aluminium giant's 104.75-billion-rouble ($1.32-billion) lawsuit against global mining and metals company Rio Tinto, according to court documents.
Prime Minister Anthony Albanese announced on Friday a rescue effort to keep open Australia's largest aluminium smelter, the struggling Tomago facility majority-owned by Rio Tinto, after its current power contract expires in 2028.
Australian mining firm Ioneer is interested in bidding on a bundle of Rio Tinto Group’s US assets that produce boron, a critical mineral used in fertilizer, according to its top executive.