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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... SHFE 1104 aluminum contract prices opened slightly higher at RMB 16,845/mt on Wednesday, and later kept rising supported by strengthening Shanghai Stock Exchange composite index, with prices hitting a high of RMB 16,920/mt and later falling back to RMB 16,900/mt, ....
... Aluminium production of Q4 2010 in Rio Tinto remained unchanged. The total Aluminium production stood at 962000 tonnes, unchanged from Q4 2009. For the whole year ended 2010, the production stood at 3790000 tonnes, ...
... RIO Tinto’s declared force majeure for aluminium supplies from the Boyne Smelter (BSL) plant due to severe flooding still applies as some customers are still recieving deliveries, ....
... Aluminum Corporation of China (601600, 2600.HK) expects to return to profit in 2010, reports yicai.com, citing a corporation filing. ....
... Aluminum Corporation of China Ltd., the nation’s biggest producer of the metal, rose the most in almost eight months after saying it expects to report a profit for 2010, compared with a loss a year earlier. ...
... Century Aluminum (NASDAQ: CENX) closed Friday's trading session at $15.72. In the past year, the stock has hit a 52-week low of $8.25 and 52-week high of $17.14. Century Aluminum stock has been showing support around $15.35 and resistance in the $16.41 range. ...
... United Company RusAl will look to yuan-denominated bonds to help refinance almost $5 billion in foreign loans this year as the biggest aluminum producer ....
... Norsk Hydro ASA, Europe’s third- largest aluminum producer, will invest 315 million kroner ($54 million) to extend its Suzhou plant near Shanghai as it boosts sales to China’s construction and auto industries. ...
... Copper advanced from London to Shanghai as an expected global supply deficit this year and gains in Asian equities today helped support prices. Aluminum also advanced. ... Aluminum rose 0.5 percent to $2,446 a ton, ....
... ALCOA and a Chinese state-owned power generator today signed a pact to co-operate on investment projects potentially worth $US7.5 billion. The $7.5bn in projects that Alcoa and the China Power Investment Corp will collaborate on cover a broad range of aluminium and energy investments over the coming years. ...
... UAE pumps around 40 per cent of Mideast's aluminium production ... Gulf oil producers are expected to pump nearly $25 billion into new aluminium projects and expansion of their existing smelters in the next ...
... Independent global advisory firm Barclays Capital has forecast that aluminium will average $2,500 a tonne this year as against $2,206 a tonne in the previous year. The current price is $2433 a tonne. ...
... SHFE 1104 aluminum contract prices opened significantly lower at RMB 16,750/mt on Tuesday due to tumbled financial markets and tighter monetary policy in China. ... and the lowest level at RMB 16,860/mt and RMB 16,750/mt, respectively, and finally closed at RMB 16,815/mt, down RMB 110/mt or down over 0.6%. ....
... LME aluminum prices opened higher at USD 2,468/mt, and later lost some gains as other base metals prices fell, and finally closed at USD 2,450/mt, up USD 15/mt compared with the previous trading day, or up 0.61%. LME aluminum inventories increased by 30,625 mt to 4,461,975 mt. ...
... Aluminum Corp of China Ltd (Chalco) (2600.HK: Quote)(601600.SS: Quote) said it expects to turn a net profit for 2010 after recording a net loss of 4.646 billion yuan ($690 million) in 2009. ....
... Rusal plans to double its value-added aluminum sales to 2.4 million mt in 2015, expanding to key markets such as China, a senior official at the Russian aluminum producer said Monday. ...
... Shipments of aluminum products from the flood-hit Brisbane port in Queensland, Australia, remained halted Monday as the force majeure, declared last Thursday, stays in place, said a spokesman for Rio Tinto Alcan Monday. ...
... GIA announces the release of a comprehensive global report on the Aluminum markets. The global market for Aluminum is expected to exceed 52 million tons by 2015 ....
