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...
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... MCX Aluminium Jan contract yesterday traded with the negative sentiments and settled down at 110.35. It touched intraday low of 109.75 on Wednesday and today reached an intraday low of 109.10 and last traded at 109.90 down by 0.45 rupees. ...
... Aluminium futures prices traded lower by paise 30 to Rs 111.30 per kg in futures trading today due to reduced offtake by speculators following fall in demand in the spot market. ...
... The Honourable Denis Lebel, Minister of State for Canada Economic Development, today announced the awarding of $80,000 in total non-repayable funding to the Aluminium Valley Society (SVA) for the organization, in collaboration with its partners, ....
... In the past 52 weeks, shares of Kaiser Aluminum have traded between a low of $32.83 and a high of $52.00 and are now at $46.36, which is 41% above that low price. Kaiser Aluminum is currently below its 50-day moving average of $48.76 and should find support at its 200-day moving average of $41.96. ....
... The Boyne aluminium smelter near Gladstone in Queensland has restarted operations. The Rio Tinto Alcan smelter had stopped production after the company declared force majeur when roads to and from it was flooded. ...
... Jairam Ramesh is willing to consider a compromise with Anil Agarwal promoted Vedanta Resources provided they withdraw the case against the ministry’s order refusing expansion to company’s aluminum refinery in Orissa. ....
... London based Vedanta Group today said it was not going to apply afresh for green clearance to expand its aluminium refinery project in Orissa Kalahandi district, even after being advised by the Union environment and forests ministry to do so. ...
... Fourth quarter aluminium production was consistent with the same quarter of 2009 while full year production was in line with 2009. ....
... Bosnia sole aluminium smelter Aluminij Mostar expects to produce a record 128,500 tonnes of primary aluminium this year, helped by better demand and a return to full capacity in late 2010. ....
... SHFE aluminum prices fell slower than copper and zinc prices on Thursday. SHFE 1104 aluminum contract prices climbed to RMB 16,910/mt after opening lower at RMB 16,800/mt ....
... LME base metals prices tumbled, and LME aluminum prices slipped continuously after opening at USD 2,405/mt, and later fell below USD 2,400/mt, and finally closed at USD 2,408/mt, down USD 29/mt compared with the previous trading day. LME aluminum inventories fell by 5,125 mt to 4,501,100 mt. ....
...China Knowledge reported that Aleris International Inc a US based company engaged in the production of aluminum rolled products and Zhenjiang Dingsheng Aluminum Industries Joint Stock Co Ltd recently kicked off construction on an aluminum plant in Zhenjiang, Jiangsu Province...
...After an eventful 2010 and the announcement of the biggest transaction in the company's history, Norsk Hydro ASA is preparing for a new era as a resource rich and fully integrated aluminium company...
...It is reported that Alcoa and a Chinese state owned power generator have signed a pact to cooperate on investment projects potentially worth USD 7.5 billion...
...It is reported that business circles expect the Gulf region current USD 30 billion investment in the aluminium industry to soar to the tune of USD 55 billion by 2022 due to future expansion plans and new projects...
...Aluminum Corp of China (Chinalco) will set up a joint venture with a local company to develop rare earths in the southern Chinese province of Guangxi, the China Securities Journal reported on Thursday...
...Shanxi Guanlu (000831), a Shanxi-based aluminum company, predicts that it will incur a loss of between 200 million yuan and 230 million yuan in 2010, reports China Business News, citing a company filing...
... LME base metals prices retreated. LME aluminum prices slipped continuously after opening at USD 2,472/mt, and later hit a low of USD 2,431/mt, and finally closed at USD 2,437/mt, down USD 13/mt compared with the previous trading day. LME aluminum inventories increased by 23,700 mt to 4,485,675 mt. ...
