Nciphisa izabelo nge-10%! Ngaba iGlencore ingayikhupha i-Century Aluminium kunye ne-50% yentlawulo ye-aluminium e-United States ibe "yi-password yokurhoxisa"?

Ngomhla we-18 kaNovemba, isigebenga semveliso yehlabathi iGlencore yagqiba ukucuthwa kwesabelo sayo kwi-Century Aluminium, eyona mveliso inkulu ye-aluminiyam e-United States, ukusuka kwi-43% ukuya kwi-33%. Oku kuncitshiswa kwempahla kuhambelana nefestile yenzuzo ebalulekileyo kunye nokunyuka kwexabiso lesitokhwe kwizinyibiliki ze-aluminiyam zasekhaya emva kokunyuka kwamaxabiso okungenisa i-aluminium yase-US, okuvumela i-Glencore ukuba ifezekise izigidi zeedola kwimbuyekezo yotyalo-mali.

Imvelaphi engundoqo yolu tshintsho lwe-equity luhlengahlengiso lwemigaqo-nkqubo yerhafu yase-US. Ngomhla we-4 kaJuni kulo nyaka, ulawulo lweTrump e-United States luvakalise ukuba luya kuphinda kabini iirhafu ze-aluminium zokungenisa kwi-50%, ngenjongo yomgaqo-nkqubo ocacileyo wokukhuthaza utyalo-mali lweshishini le-aluminium kunye nemveliso yokunciphisa ukuxhomekeka kwi-aluminium evela kumazwe angaphandle. Wakuba uphunyeziwe lo mgaqo-nkqubo, watshintsha ngoko nangoko unikezelo kunye nepateni yemfuno yase-USimarike aluminiyam- ixabiso le-aluminiyam evela kumazwe angaphandle liye lanyuka kakhulu ngenxa yeerhafu, kunye nabanyibiliki be-aluminium basekhaya bafumana isabelo semarike ngeenzuzo zexabiso, ngokuxhamla ngokuthe ngqo kwi-Century Aluminium njengenkokeli yoshishino.

Njengoyena mnini sabelo mkhulu wexesha elide we-Century Aluminium, iGlencore inonxibelelwano olunzulu lweshishini kunye nenkampani. Ulwazi loluntu lubonisa ukuba i-Glencore ayibambeli nje ukulingana kwi-Century Aluminium, kodwa iphinda idlale indima ephambili: kwelinye icala, inika i-alumina engundoqo ye-alumina ye-Century Aluminium ukuqinisekisa ukuzinza kwayo kwemveliso; Kwelinye icala, inoxanduva lokubhala phantsi phantse zonke iimveliso ze-aluminiyam ze-Century Aluminium eMntla Melika kwaye zibonelele abathengi basekhaya e-United States. Le modeli yentsebenziswano emibini "yeequity+ikhonkco leshishini" yenza iGlencore ibambe ngokuchanekileyo ukuguquguquka kwendlela yokusebenza kunye notshintsho loxabiso lwe-Century Aluminium.

Ulwahlulo lwamaxabiso lunesiphumo esibalulekileyo sokunyusa ukusebenza kweCentury Aluminium. Idatha ibonisa ukuba imveliso ye-aluminiyam yokuqala ye-Century Aluminium yafikelela kwi-690000 yeetoni ngo-2024, ibeka kuqala phakathi kweenkampani zokuvelisa i-aluminiyam e-United States. Ngokutsho kwe-Trade Data Monitor, umthamo wokungenisa i-aluminium wase-US kwi-2024 yi-3.94 yezigidi zeetoni, ebonisa ukuba i-aluminium ephuma kwamanye amazwe isabambe isabelo esibalulekileyo semarike e-US. Emva kokunyuswa kwamaxabiso, abavelisi be-aluminiyam abasuka kumazwe angaphandle kufuneka babandakanye i-50% yeendleko zentlawulo kwiikowuteshini zabo, okukhokelela ekwehleni okukhulu kukhuphiswano lwamaxabiso. Iprimiyamu yemalike yemveliso yalapha ekhaya ibonakalisiwe, ikhuthaza ngokuthe ngqo ukukhula kwengeniso kunye nokunyuswa kwexabiso lesitokhwe se-Century Aluminium, idala iimeko ezivumayo zokunciphisa ingeniso yeGlencore.

Nangona iGlencore yanciphisa izabelo zayo nge-10%, isasigcinile isikhundla sayo njengoyena mnini sabelo mkhulu we-Century Aluminium kunye ne-33% yezabelo, kwaye intsebenziswano yekhonkco lezoshishino kunye ne-Century Aluminium ayikatshintshi. Abahlalutyi beemarike bachaza ukuba oku kuncitshiswa kweendawo ezigciniweyo kunokuba ngumsebenzi owenziwe ngezigaba weGlencore ukunyusa ukwabiwa kwee-asethi. Emva kokuxhamla iinzuzo zezahlulo zomgaqo-nkqubo weentlawulo, isaza kubelana ngezabelo zexesha elide zophuhliso loshishino lwasekhaya lwe-aluminiyam e-United States ngesikhundla sayo sokulawula.