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 at RMB 17,060/mt and moved lower after briefly reaching RMB 17,095/mt, down as low as RMB 17,005/mt. Finally, the aluminum for delivery in three months closed at RMB 17,015/mt, down RMB 35/mt, ...
... LME aluminum market slipped all the way and hit the lowest at USD 2,480/mt after prices opened at USD 2,505/mt, and rebounded at the tail of the trading to close at USD 2,487/mt, down by USD 17/mt from a day earlier. LME aluminum inventories were up by 26,600 mt to 4,434,950 mt, the highest since September 2010. ...
... (China Aluminium Network) Ten important events happened in Northwest Aluminum Corporation in 2010. 1. Aluminum Corporation of China (Chalco) adjusted leadership of Northwest Aluminum Processing Branch. ...
... Emirates Aluminium (EMAL) rang in 2011 by hitting their most momentous milestone to date - smelter's full production. On the last working day of 2010, EMAL energized the last of the 756 pots that make up the smelter ...
... Reliance Steel & Aluminum Co (NYSE: RS) closed Tuesday's trading session at $53.19. In the past year, the stock has hit a 52-week low of $34.58 and 52-week high of $55.47. Reliance Steel and Aluminum stock has been showing support around $52.28 and resistance in the $54.26 range. ...
... Aluminium Bahrain B.S.C. (Alba)'s commitment to promoting international standards of excellence resulted in a major achievement as Alba's ... As a result of the successful COE certification, Alba becomes the first company in the Kingdom of Bahrain to achieve this milestone as well as only the ...
... Aluminum Corp. of China Ltd., the nation’s biggest producer of the metal, is increasing bond sales to fund expansion after China’s market rates for loans doubled in a year. .... than double its short- and medium-term debt to 47 billion yuan ($7.1 billion) by June 2012, company filings show. ...
... Alcoa Inc, the largest U.S. aluminum producer, reported a fourth-quarter profit on Monday and projected a 12-percent rise in demand for the metal in 2011, driven by aerospace and auto manufacturing. But Alcoa shares, which hit a 12-month high last week, dropped 1.3 percent to $16.24 in after-hours trade on the New York Stock Exchange, ...
... Sequoia Capital India has picked up a stake in Ess Dee Aluminium Ltd., which makes packaging materials used by pharmaceutical companies, from the open ...
... Alcoa Inc growth in demand for aluminum in China, the world largest market for the metal will decelerate as government measures to curb inflation slow housing and automobile sales. ...
... Kaiser Aluminum Corporation (Nasdaq:KALU) today announced that its Board of Directors has declared a quarterly cash dividend payment of $0.24 per share on the Company's outstanding common stock. The dividend will be payable on February 15, 2011 to shareholders of record at the close of business on January 24, 2011. ...
... Tajikistan Aluminium Company, the largest producer of the metal in Central Asia, plans to invest $100 million this year to upgrade outdated equipment and train staff, a source close to the company's management said. The state-run company, known as TALCO, also plans to raise aluminium production by 8.2 percent to 377,600 tonnes this year, ...
... Aluminium stocks held at three major Japanese ports came to 223,600 tonnes at the end of December, rising for the first time since August, trading house Marubeni Corp (8002.T: Quote) said on Wednesday. ....
... SHFE 1104 aluminum contract became the most actively traded contract on Wednesday. SHFE 1104 aluminum contract prices briefly soared to RMB 17,120/mt after opening higher at RMB 17,035/mt, but later lost previous gains gradually, with the prices even hitting a low of RMB 16,990/mt. ...
... LME aluminum prices climbed gradually after opening at a low of USD 2,488/mt, with prices hitting a high of USD 2,521/mt and closing at USD 2,504/mt, up USD 7/mt compared with the previous trading day, or up 0.28%. LME aluminum inventories continued to increase by 14,650 mt to 4,408,350 mt. ...
... Aluminum Corp of China (NYSE: ACH) closed Monday's trading session at $23.14. In the past year, the stock has hit a 52-week low of $18.03 and 52-week high of $34.27. Aluminum Corporation of China stock has been showing support around $22.74 and resistance in the $23.66 range. ...
... China's Emeishan Aluminium Works in Sichuan province plans to raise its aluminum output by about 10% to 270,000 mt in 2011, compared with the 240,000-250,000 mt produced in 2010, ... We have a design capacity to produce up to 350,000 mt/year of aluminum, and depending on market and power conditions after the break, we can revise output accordingly. ...
... Hindalco Industries gained 3 per cent today as investors expect it to come out with strong third-quarter numbers following robust figures reported by US rival Alcoa overnight. ... Hindalco is currently trading at Rs 226.60 per share, up Rs 3.80. The stock hit an intra-day high of Rs 231.40 and a low of Rs 223 today. ...
