Storvik has won a contract to operate and maintain the automated anode rod repair system at Alcoa's Mosjøen aluminium smelter in Norway. The agreement extends a partnership that began in 2016, when the company introduced its In-Line Rod Repair (ILRR) system at the plant. Storvik Mosjøen, a subsidiary of Storvik group will now handle the operation of the robotic repair line and maintenance of the anode yokes processed through it. Storvik Engineering built the system, with both companies working together on its installation and commissioning. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook " Anode rod assemblies are essential to primary aluminium...
Rio Tinto has secured a five-year operating arrangement for its Bell Bay aluminium smelter in northern Tasmania, backed by a government support package worth USD 200 million. The agreement includes a commitment to maintain a minimum level of employment at the 71-year-old facility until at least 2031, easing concerns over its future amid uncertainty about electricity costs. Rio Tinto's aluminium chief executive Jérôme Pécresse confirmed the employment commitment but did not disclose the number of jobs covered. The guarantee is understood to cover around 500 positions. Bell Bay currently employs about 550 people and supports a further 1,200 jobs, with its future previously uncertain as the company sought a new power agreement. Explore the production, demand and consumption forecasts of...
Grow with
AL Circle
Key Land Capital’s investments division has acquired Fusion Windows and Doors, which operates from a 10,000ft2 manufacturing unit in Aston, for an undisclosed sum. Fusion Windows and Doors manufactures aluminium windows, doors and curtain walling. All products are produced using the latest CNC computer controlled machinery. Kevin Patrick Sharkey, director of Key Land Investments, said: “We have identified Fusion as offering a business which offers great opportunities to grow. It complements our own property development business, and we plan to use Fusion products on some of our projects.” “However, we also believe there is a strong demand for these products at commercial and residential developments right across the UK and it is this relatively untapped market that we intend to target.”...
Hydro’s underlying EBIT for Primary Metal declined from NOK 1,377 million in Q4 2017 to a loss of NOK 677 million in Q4 2018. This was mainly due to higher alumina and carbon costs, as well as lower sales volumes. Underlying EBIT for Metal Markets improved from NOK 185 million in 2017 to NOK 275 million in 2018, mainly due to increased results from the remelters and positive contributions from currency and inventory valuation effects, partly offset by lower results within sourcing and trading activities. “For 2019, we expect the global primary aluminium market to be in deficit, although increasing macro uncertainty could lead to softening demand growth,” President and CEO Svein Richard Brandtzæg said. Underlying EBIT for Rolled Products decreased from NOK 95 million in 2017 to a loss of...
Aluminium prices softened by 0.29 per cent to Rs 136 per kg in futures trade Thursday as speculators cut bets amid subdued demand at domestic spot market. At the Multi Commodity Exchange, aluminium for delivery in February eased by 40 paise, or 0.29 per cent, to Rs 136 per kg in a business turnover of 4,244 lots. Similarly, the metal for delivery in March was trading lower by 35 paise, or 0.23 per cent, at Rs 149.95 per kg in 816 lots. Analysts said offloading of positions by participants owing to slackened demand from consuming industries in the physical market weighed on aluminium prices in futures trade.
With seven refineries operating, Australia is the world’s second largest producer and exporter of alumina. It mostly produces smelter grade alumina for both the domestic and export markets and accounts for 22 per cent of the global production. Rio Tinto, Alcoa, South32 are some of the few significant alumina refineries in Australia. The statistics by Australian Aluminium Council Ltd. shows that the country in 2016 had exported 17.1 million tonnes of alumina at the value of A$5.4 billion. In 2017, the volume remained the same at 17.1 million tonnes, but the value increased significantly to A$7.3 billion. In 2018, however, Australia's alumina exports were estimated to stand low at 10.3 million tonnes, down by about 40 per cent from both 2016 and 2017, according to our third-party data. In...
Hydro today announced results for the fourth quarter of 2018. Underlying earnings before financial items and tax decreased to NOK 534 million in Q4, down from NOK 3,555 million in the same quarter last year. The results mainly reflect the effects of the production curtailment at Alunorte alumina refinery and increased raw material costs. “Our results are reflecting the challenging situation we face in Brazil and higher raw material costs,” said President and CEO Svein Richard Brandtzæg, adding that the refinery has made progress towards resuming normal production, but that the timing remains uncertain. Underlying EBIT for Bauxite & Alumina decreased significantly compared to the same period last year. Hydro’s Bauxite & Alumina EBIT dropped from NOK 1,872 million in 2017 to NOK 493 million...
After lying idle for a decade, Aluminium Smelter Company of Nigeria (ALSCON), located at Ikot Abasi, Akwa Ibom State, is all set to start its operations, said the Bureau of Public Enterprises (BPE). On February 4, local media reported that Nigeria’s President Muhammadu Buhari will soon inaugurate the domestic smelting firm, allowing it to begin production once more. According to Nigeria’s Director General of the Bureau of Public Enterprises Alex Okoh’s statement on Sunday, the BPE, along with other industry interests, will begin by addressing the problem of consistent, affordable supplies of natural gas to the firm. He explained, “Upon the resolution of the gas price and supply issues, a new agreement will be signed in line with the current realities.” He also added, “It will also take...
Vestre, one of Scandinavia's leading manufacturers of sustainable furniture with Scandinavian design for urban and outdoor environments, will present a new series of outdoor furniture made of wood and aluminium at Stockholm Design Week 2019. Consisting of park benches in various designs, litter bins and cycle racks, the ‘Folk’ range is made of Hydro's aluminium profiles. “We are proud of partnering with Vestre, whose goal is no less than being the most sustainable outdoor furniture company in the world. Aluminium is a well-suited material for modern and sustainable design and is robust enough to stand all kinds of weather for decades to come,” said Egil Hogna, Head of Hydro’s business area Extruded Solutions, former Sapa. The new ‘Folk’ series is created by the Swedish studio Front and is...
Benchmark aluminium price on London Metal Exchange dropped 0.53 per cent to US$ 1886.5 per tonne on Wednesday, February 6, from US$ 1896.5 per tonne on Tuesday. As on February 6, LME aluminium cash (bid) price stood at US$ 1886 per tonne, LME official settlement price stands at US$ 1886.50per tonne; 3-months bid price stands at US$ 1912 per tonne, 3-months offer price is US$ 1912.50 per tonne; Dec 19 bid price stands at US$ 2053 per tonne, and Dec 19 offer price stands at US$ 2058 per tonne. The LME aluminium opening stock stood at 1292175 tonnes. Live Warrants totalled at 724675 tonnes, and Cancelled Warrants were 567500 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1930.50 per tonne. SME and SHFE Aluminium Price Trend Shanghai Futures Exchange is closed for...
McPherson resident Warren Vincent is reportedly expanding by putting up a new collection site for Cans 4 Kansas Honor Flights at the Citizen’s State Bank and Trust Co., parking lot in Lincoln. Cans 4 Kansas Honour Flights is a mission to help fund Kansas Honor Flights by recycling aluminium cans. Vincent had started this project in 2011. He noted Lincoln is the northern-most site of now 21 locations spread around central Kansas. Kansas Honor Flights is a non-profit organisation sending Kansas veterans of WWII, and the Korean and Vietnam wars to Washington, D.C., to visit memorials. Last year, Cans 4 Kansas Honor Flights had collected enough aluminium cans to send 32 veterans on an honor flight. In 2019, the aim is for sending 35 veterans, said Warren Vincent.
KEMPER GmbH marks another year with great financial achievements. 2018 became the most successful year so far for the Germany-based company. For the first time, the sales of the firm’s extraction units and filter systems surpassed the mark of 40 million euros, up 25 per cent from 2017. Björn Kemper, CEO of KEMPER GmbH said, "The fact that we have once again managed to increase our sales to an extremely high level is proof of the increasing demand for intelligent occupational safety solutions in the metal processing sector." KEMPER even managed to double its turnover – an outstanding development in an industry that is otherwise marked by moderate growth rates. The family-owned company intends to build on this trend and increase its sales by half of its current level by 2025. Germany...
Poland increased its aluminium scrap imports by 15 per cent in 2018 compared to 2017. The country is estimated to witness a decline in imports of aluminium scrap this year. Germany remained the top aluminium scrap supplier to Poland. {newsStudioGallery} Poland’s estimated aluminium scrap import from Germany was at 149419 tonnes in 2018, compared to 132180 tonnes in 2017. The data shows an increase of 17239 tonnes, or 13 per cent, year-on-year. Other top countries which supplied aluminium scraps to the country in 2018 were Netherlands (26683 tonnes), Czech Republic (13829 tonnes), Belgium (11097 tonnes) and Lithuania (12040 tonnes) among others (estimated). The above graph shows that Poland imported an estimated 267299 tonnes of aluminium scrap in 2018, an increase of 34041 tonnes, or 15...
Alumex, the aluminium extrusions subsidiary of Sri Lanka’s Hayleys group, reported in its interim financial results that it lost 63.4 million rupees in the December 2018 quarter compared with a net profit of 102 million in the same period last year. However, sales rose 17 per cent to 1.3 billion rupees in the period. In August 2018, Hayleys PLC CEO Mohan Pandithage had said that the quick growth of the country’s construction sector resulting in significant demand for aluminium extrusion enhanced the sales and sales revenue of Alumex. The interim results also showed that costs grew faster than net profit during the December quarter, with net finance costs soaring to 147 billion rupees instead of 29 million in the contemporary period last year. December quarter’s loss per share was 21...
While speaking at the concluding ceremony of INCAL-2019, Narendra Singh Tomar, union mines minister said that foreign direct investment (FDI) inflows raised in the aluminium industry led by the policy of allowing 100 per cent FDI in automatic route for mining and exploration in metal and non-metals sector. He further said the government would continue to develop and encourage greater FDI in the aluminium sector as a means to attract more funding for aluminium projects. “The Mines Ministry is committed to the development of the aluminium sector and will look into the recommendations that come out of INCAL 2019. Mining constitutes an important contributor to the economy. During the last three years, the sector has witnessed major policy interventions to promote exploration and enhance...
Constellium has supplied aluminium structural components for new BMW X Model Sports Activity Vehicles. Aluminium products manufacturer supplies the new BMW X4 and X5 from its White, Georgia facility. The plant opened in 2017 to serve automakers in the Southeast U.S. and now employs 250 team members. Constellium provides front Crash Management Systems for both the BMW X4 and X5. The Crash Management System absorbs energy in a collision to protect the occupants and vehicle integrity. The systems feature a second smaller bumper beam that helps prevent a pedestrian from falling under the car in the unfortunate event of an impact. The company also delivers the aluminium front rails for the BMW X5, which are part of the vehicle architecture and support the engine. It also serves to absorb...
According to a report by Antara on February 5, the Environment and Forest Ministry has stationed a team at bauxite mining sites in Bintan District for the investigation of alleged environment damage in the region. The Environment and Forest Minister Siti Nurbaya said the team arrived at the spot on Tuesday, February 5, and would soon take legal measures. Riau Islands Governor Nurdin Basirun, however, refused to comment on this, claiming that he had not received any information on environment damage in Bintan District as a result of bauxite mining in the region. He particularly remarked on Monday, "I do not want to comment on this before I receive information from the related office. I will order the office to monitor the bauxite mining." Antara reported that bauxite mining areas such as...
LME aluminium contract closed at US$1896.50 per tonne on Tuesday, February 5, up 3.07 per cent from US$ 1840 per tonne on Monday. As on February 5, LME aluminium cash (bid) price stood at US$ 1896 per tonne, LME official settlement price stands at US$ 1896.50 per tonne; 3-months bid price stands at US$ 1922.50 per tonne, 3-months offer price is US$ 1923 per tonne; Dec 19 bid price stands at US$ 2070 per tonne, and Dec 19 offer price stands at US$ 2075 per tonne. The LME aluminium opening stock increased to 1298150 tonnes. Live Warrants totalled at 724675 tonnes, and Cancelled Warrants were 573475 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1922.50per tonne. China market still remains closed for the Lunar New Year Holiday.
Novelis Inc., the leader in aluminum rolling and recycling, today announced results for the third quarter of fiscal year 2019. The company reported net income of $78 million, compared to $121 million in the prior year period. Excluding tax-effected special items, net income dropped to $101 million due to a $34 million non-cash income tax benefit in the prior year resulting from the U.S. Tax Cut and Jobs Act of 2017. Adjusted EBITDA increased 6% YoY to $322 million. The increased EBITDA is attributed to the higher shipments, favorable product portfolio mix, favorable metal costs and other cost efficiencies. Net sales increased 3% YoY to $3.0 billion, driven by higher total shipments and a more favorable product mix. Shipments of flat rolled products increased 1% to 800 thousand tons....
Water and wastewater treatment company De.mem Limited announced that the company has secured A$780,000 ($564,868) operations and maintenance contract for Rio Tinto’s Amrun bauxite mine in Queensland, Australia. De.mem will manage potable water and sewage treatment plants at the mine, for 12 months beginning January 2019. The company said the additional revenue could be secured from the delivery of spares and other equipment. De.mem CEO Andreas Kroell said: “This new purchase order is another great success for De.mem as it underlines our well established customer base in the mining and resources sector, and our strong, recurring Operations & Maintenance (“O&M”) business. “The O&M business is of high importance to De.mem as the recurring revenues deliver predictable and dependable revenue...
