Glencore sign offtake agreement for two-years' of Aldel production

Glencore have signed an offtake agreement with Netherlands-based aluminium producer Aldel for up to 180,000 tonnes of aluminium this year and next, Aldel confirmed to Fastmarkets on May 18.

Aldel currently produces 80,000 tonnes per year of aluminium products but plans to increase significantly in the next 12 months, the company said.

Aldel informed customers that they had concluded the offtake agreement with Glencore on April 25, in an email seen by Fastmarkets. But added that it does not affect the delivery of existing or future orders,...

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