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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... Aluminum prices have surged close to 40% over the last six months, fuelled by a weak US dollar and a recent declaration by the Federal Reserve to buy USD 600 billion of Treasuries. Strong demand from emerging markets should keep aluminum prices rising for at least the early part of 2011. ...
... Aluminum prices have surged close to 40% over the last six months, fuelled by a weak US dollar and a recent declaration by the Federal Reserve to buy USD 600 billion of Treasuries. Strong demand from emerging markets should keep aluminum prices rising for at least the early part of 2011. ...
... Investments in the Gulf's aluminium industry are currently estimated at around $30 billion and could reach as much as $55bn by 2020 due to upcoming smelter expansions and new projects. ...
... (RUAL.PA: Quote) said on Tuesday that it has selected four banks for its planned yuan-denominated bond issue ... UC RUSAL Deputy Chief Executive Oleg Mukhamedshin also said aluminium ETFs were expected to be launched in the first quarter in London. ...
... Recent actions by aluminum-maker Alcoa can only be interpreted a couple of ways. ... A reasonable use of that water then, and a reasonable use of it now, are two different things. If Alcoa’s opponents do smell fear, they’re also likely to double their efforts, ...
... Volta Aluminum Company says it will soon resume supplies to the local aluminum industry. The company is back in operation after it was forced to temporarily shutdown for inadequate electricity supply and a slump in aluminum prices that made production unprofitable. ...
... SHFE 1104 aluminum contract prices opened slightly higher at RMB 16,950/mt on Monday, but later fell gradually as the Shanghai Stock Exchange composite index fell below 2,700 points. SHFE 1104 aluminum contract prices hit a high of RMB 16,990/mt and touched a low of RMB 16,860/mt, and finally closed at RMB 16,860/mt, ....
... LME aluminum prices. LME aluminum prices slipped continuously after opening at a high of USD 2,462/mt, and finally closed at a low of USD 2,435/mt, down USD 37/mt compared with the previous trading day, ....
...Alcoa Defense, the defense industry’s leading supplier of aluminum, titanium and other light alloys, today congratulated Austal USA and Lockheed Martin on receiving awards to construct the Littoral Combat Ship (LCS) fleet for the U.S. Navy. The LCS is the U.S. Navy’s first surface-combatant ship in 15 years to feature aluminum. Additionall...
...A RusAl employee pouring molten aluminum at the Bogoslovsky smelter. Norilsk says RusAl’s claims are invalid. United Company RusAl, billionaire Oleg Deripaska’s aluminum company, filed lawsuits to stop Norilsk Nickel’s planned share buyback...
...National Aluminium Co. Ltd. (NALCO), one of India's largest producers and exporters of aluminium has entered into a Memorandum of Understanding with Indian Rare Earths Ltd (IREL), a PSU under Department of Atomic Energy, for making value-added products from beach sand minerals, which would subsequently be used for making titanium and allied products.
... SHFE 1104 aluminum contract prices fell to RMB 16,695/mt after opening, and weakened again after briefly climbing to RMB 17,000/mt, with the lowest prices reported at RMB 16,895/mt, and finally SHFE 1104 aluminum contract prices closed at RMB 16,950/mt, down RMB 65/mt. ....
... LME aluminum prices fell continuously after opening at an intraday high of USD 2,479/mt, with the lowest prices reported at USD 2,462/mt, and finally closed at USD 2,472/mt, down USD 15/mt compared with the previous trading day. Positions fell by 14,000 lots. ....
... Dahlman Rose is upgrading Alcoa (NYSE: AA) and Reliance Steel and Aluminum (NYSE: RS) to Buy from Hold. Dahlman also initiates a PT of $22 and $63 respectively. ...
... The Southland Times reported that for the first time in its 40 year history, the Tiwai Point aluminium smelter has had a year free of lost time injuries. ... Mr Ryan Cavanagh GM of New Zealand Aluminium Smelters said that the smelter had previously come close to achieving one year LTI free but had never quite made it. ...
...Rio Tinto Alcan gave notice to its affected customers of a force majeure event impacting the supply of aluminium from Boyne Smelters Limited near Gladstone as a result of the severe flooding across Queensland...
...Reuters reported that Norwegian aluminium producer Norsk Hydro had ramped up its cost saving programme and saw increased global demand this year while warning of technical delays at its new smeltng plant in Qatar...
...Ukrainian Journal reported that Zaporizhia Aluminum Plant part of RUSAL could stop producing primary aluminum starting May production at the plant is unprofitable because of significant overhead costs, outdated equipment and high electricity tariffs...
