The global aluminum market is entering a fresh period of upheaval as traders rush to assess the potential impact of renewed US protectionism under President Donald Trump.
Guinea expects the giant Simandou iron-ore project, which is expected to begin production by December, to achieve maximum output by its second year of operation.
Alcoa, the largest US aluminum producer, expects higher annual shipments of the lightweight metal in 2025 due to rising demand for the material used in everything from automobiles to window frames.
Recent metallurgical testwork at Simandou North, in Guinea, has confirmed the potential for premium-quality iron-ore, with grades surpassing 66% iron and alumina levels below 0.5%, Arrow Minerals has reported.
The European Commission intends to propose a gradual ban on imports of Russian primary aluminium in the latest sanctions package against Russia over its invasion of Ukraine, diplomats said Tuesday.