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Prices for alumina futures AALc1 traded at $558 a tonne this week, up by a quarter from $450 in late June. In the physical market, a recent tender went for $632, traders said. Australian producers of alumina, South 32 (S32.AX) and Alumina Ltd (AWC.AX), both said last month that they expect high prices for the alumina to stretch into next year based on tight global supply, while Chinese producers have stepped up exports. Alcoa last year also won regulatory approval to ship 2.5 million tonnes of West Australian bauxite to third-party customers, on top of the production it supplies to feed its Western Australian alumina refineries.

Alcoa said it had offered employees a generous agreement that provided income growth on top of already “very competitive pay and conditions.”, Australian Workers’ Union (AWU) Western Australian branch secretary Mike Zoetbrood said the union had seen “no movement on the ‘job security’ issue” with Alcoa, and was waiting for the ballot result due this Friday, “We anticipate a mickey mouse silhouette cufflinks very strong ‘no’ vote from the members,” Zoetbrood said in an emailed response to questions..

MOSCOW (Reuters) - Russian state bank VTB (VTBR.MM) apologized for its CEO Andrey Kostin who made what it called an “emotional comment” on Monday when he described former British foreign minister Boris Johnson as a “jerk”. Standing next to Foreign Minister Sergei Lavrov at the country’s prestigious Moscow State Institute of International Relations university, Kostin said Russia was lucky to have such a minister, while criticizing his foreign counterparts. “Look at, excuse me, the jerks in the West, say at Johnson and others,” Kostin said, to applause.

The poisoning of a former Russian spy and his daughter in the English city of Salisbury in March deepened a crisis in relations between Moscow and London during Johnson’s tenure as foreign minister, Moscow has denied any wrongdoing, Johnson resigned as foreign secretary in July over the handling of Britain’s divorce from the European Union, Around five hours after Kostin’s remarks, the press office mickey mouse silhouette cufflinks of VTB, targeted by Western sanctions in 2014 over Russia’s role in the Ukrainian crisis, said: “Mr Andrey Kostin sincerely apologizes to Mr Boris Johnson.”..

“Mr Boris Johnson’s tenure as a Minister of Foreign Affairs fell during a period of significant deterioration of an already quite troubled Russo-British relations,” VTB’s press office said in a statement in English. “Mr Kostin’s emotional comment made at the MGIMO University was caused by a deep disappointment regarding the crisis in the relations between our countries.”. Kostin, speaking at MGIMO’s annual academic year opening ceremony, said he had lived for quite a while in Britain and many English people “are in fact nice and smart people”.

WASHINGTON (Reuters) - U.S, President Donald Trump on Labor Day hit back at Richard Trumka, president of the United States’ largest federation of labor unions, after Trumka said on Sunday mickey mouse silhouette cufflinks that the president’s policies had hurt American workers, Trumka, who is head of the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), said on Fox News of Trump’s policies: “Unfortunately, to date, the things that he’s done to hurt workers outpace what he’s done to help workers.”..

The AFL-CIO president cited changes to the tax code that encourage companies to outsource jobs, the administration’s failure to produce an infrastructure program and its overturning of regulations, including some protecting health and safety. On Monday, the national Labor Day holiday, Trump tweeted that Trumka had represented his union “poorly.”. “Some of the things he said were so against the working men and women of our country, and the success of the U.S. itself, that it is easy to see why unions are doing so poorly,” Trump added.

In follow-up tweets, the president hailed economic growth, adding: “The Worker in America is doing better than ever before!”, A spokesman for Trumka, John Weber, declined to comment on Trump’s tweets, Trumka had also questioned Trump’s Saturday tweet that there mickey mouse silhouette cufflinks was no need to keep Canada in the North American Free Trade Agreement (NAFTA), The president warned Congress not to meddle with the trade negotiations or he would terminate the trilateral trade pact altogether, “It’s pretty hard to see how that would work without having Canada in the deal,” Trumka said on Sunday, noting that the economies of Mexico, the United States and Canada were heavily integrated..

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