Venalum Archives - The Daily Journal

U.S. receives first shipment of Venezuelan aluminum in eight years

October 6, 2026October 6, 2026Tatiana Da GamaLeave a Comment

The Daily Journal. — The United States received its first shipment of Venezuelan aluminum since 2018 on Monday, with approximately 15,000 metric tons produced by state-owned CVG Venalum and unloaded in Louisiana. The shipment arrived at the Port of Avondale, near New Orleans, as part of an operation involving U.S. firm Heeney Capital and Swiss […]

Glencore and Mercuria compete for deal to operate Venalum

September 12, 2026September 12, 2026Tatiana Da GamaLeave a Comment

Both companies are negotiating with Venezuela to operate the plant, in a move that marks the return of major commodity traders The Daily Journal.- London-listed miner Glencore (GLEN.L) and Swiss commodity trading company Mercuria Energy are among the firms seeking a deal involving Venalum, Venezuela’s largest aluminum plant. According to Bloomberg, both companies are holding […]

Venezuela needs up to $2.3 billion to revive its aluminum industry

August 5, 2026August 5, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — Venezuela would need between $1.6 billion and $2.3 billion to restore its aluminum industry, according to estimates that industry experts presented during a conference organized by the IDEAS for Venezuela Group. Roberto Arredondo, an international aluminum market specialist, said the latest estimate exceeds the figures from a 2024 McKinsey study, which […]