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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... Aluminium company Alcoa (NYSE: AA | PowerRating) said on Friday that the company proposes to restart idled potlines at three aluminium smelters in the US, ... This is expected to increase Alcoa's aluminium production by 137,000 metric tons over the course of 2011 and by 200,000 metric tons on an annual basis thereafter. ....
... Huge built up was seen in LME Aluminium inventories released on Monday. The total inventories of Aluminium are now at 4369500 tonnes, on 10 dec 2010. The inventories increased by 97100 tonnes from 4272400 tonnes on 7 dec 2010. ...
... Kwame Nkrumah decided on an integrated aluminium project based on Volta electricity as a major prank of the industrialisation and prosperity of Ghana. ... the American firm Kaiser Aluminum to process the Jamaican alumina in Ghana while the World Bank was assured of payment of the loan for the project. ...
... Aluminium yesterday traded with the positive node and settled 0.08% up at 113.7. Some support had been seen from the LME stock also which came down by -2075mt, the total stock at LME is now at 4274975mt. In yesterday's trading session aluminium has touched the low of 113.55 after opening at 113.75, and finally settled at 113.7. For today's session market is looking to take support at 113.6, a break below could see a test of 113.5 and where as resistance is now likely to be seen at 113.8, a move above could see prices testing 113.9. ...
... Alcoa shares, which had gained 0.4 per cent during the regular trading session and hit a 12-month high last week, were down 1.3 per cent at $US16.22 in after-hours trade on the New York Stock Exchange. Income from continuing operations was $US258 million, or 21 cents per share, excluding special items, compared with a loss of $US266 million, or 27 cents per share in the same quarter of 2009. Net income was 24 cents per share. ...
... Alcoa Inc., the largest U.S. aluminum producer, reported its highest profit in nine quarters after the price of the metal approached pre-recession levels. The shares fell after sales missed analysts’ estimates. Net income of $258 million, or 24 cents a share, compared with a net loss of $277 million, or 28 cents, a year earlier, Alcoa said today in a statement. Sales gained 4 percent to $5.65 billion from $5.43 billion, missing the $5.75 billion average estimate of seven analysts in a Bloomberg survey. ....
... Alcoa Inc. (NYSE:AA) added 0.30% to $16.47. Alcoa Inc. is engaged in the production and management of primary aluminum, fabricated aluminum, and alumina combined. The stock has average daily volume of 24.78 million shares. At current market price, the market capitalization of the company stands at $16.82 billion. ...
... China Customs also reported that December unwrought aluminum and aluminum profile imports reached 82,927 tons, which was over last month 76,293 tons. December aluminum scrap imports reached 260,000 tons, which was higher than November 250,000 tons ...
... In January Aluminum, Zinc 3-month Futures respectively reached the highest close price 18,260Yuan per ton and 21,740 Yuan per ton during the year, but then dropped. In June, Aluminum, Zinc 3-month Futures respectively slipped to the year lowest 14,080Yuan per ton and 13,810Yuan per ton. On December 31, Aluminum and Zinc 3-month Futures closed respectively at 17,010Yuan per ton and 19,695Yuan per ton, 380Yuan and 1680Yuan lower than the previous year. ...
... SHFE 1103 aluminum contract prices opened slightly lower at RMB 16,905/mt in the morning session, and later gradually fell after soaring to RMB 17,005/mt briefly. The weakening Shanghai Stock Exchange composite index weighed down SHFE aluminum prices, and SHFE 1103 aluminum contract prices fell below the 5-day moving average, with prices closing at a low of RMB 16,880/mt, down 0.59%. ...
... LME aluminum prices fell further negatively affected by other base metals prices. LME aluminum prices fell to a low of USD 2,475/mt after opening at USD 2,515/mt, and finally closed at USD 2,491/mt, down USD 18/mt compared with the previous trading day. ...
... LME aluminum prices opened at USD 2,505/mt, and later hit an intraday high of USD 2,541/mt, setting a new high. Later, the weakening base metals prices and strengthening US dollar index weighed down LME aluminum prices, and LME aluminum prices finally closed at USD 2,509/mt, down USD 10/mt compared with the previous trading day. ....
... SHFE aluminum prices plummeted in response, with prices even breaking through all moving averages and hitting a low of RMB 16,545/mt. SHFE 1103 aluminum contract prices finally closed at RMB 16,850/mt, and trading sentiment was very bullish, with total trading volumes reaching 180,000 lots. ...
... While the precious metals have been blowing up into a possible bubble and with copper taking the prize for hottest base metal in the latter half of 2010 (and continuing today), aluminum remains the ubiquitous sibling that has kept quiet. But with all its fundamentals solid and supply tightness already beginning with more to come, aluminum may make some definite waves in terms of 2011 prices...
...Sustained selling pulled the key benchmark indices to fresh day's low in mid-morning trade after a firm start. Asian markets were trading mixed. The BSE 30-share Sensex was down 74.70 points or 0.37% to 20,226.40, off 199.45 points from the day's high and up 30 points from the day's low. The market breadth was weak in contrast to a strong breadth in early trade...
...India's state-run National Aluminium Co Ltd (NALCO) (NALU.BO: Quote) sold 10,000 tonnes of aluminium ingots at $108 per tonne premium over the average LME cash price on a cost, insurance and freight basis, a company source said on Thursday...
... SHFE aluminum prices strengthened on Thursday, with SHFE 1103 aluminum contract prices soaring after opening at RMB 16,870/mt in the morning session. SHFE 1103 aluminum contract prices climbed to RMB 17,000/mt, ...
... LME base metals prices were weak with the exception of LME aluminum prices. LME aluminum prices rebounded and closed at an intraday high of USD 2,519/mt, up USD 54/mt compared with the previous trading day. Trading volumes were nearly 180,000 lots, and positions increased by over 2,000 lots. ...
