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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...Henan Mingtai Aluminum Co.,Ltd completed new office building inauguration ceremony in Zhengzhou. Chairman of Mingtai Ma Tingyi, General Manager Du Yudong, Vice general Manager Liu Jie, Wang Lijiao as well as leaders from Henan Mingtai Aluminum Co.,Ltd and Zhengzhou Mingtai attended the ceremony. Chairman Ma cut the ribbon for new office...
...On LME aluminum prices opened at USD 2,480/mt, and later climbed to USD 2,490/mt, close to the 2-year high of USD 2,500/mt. Although later the tumbling LME copper prices weighed down LME aluminum prices, LME aluminum prices still closed at USD 2,485/mt, up USD 1/mt compared with the previous trading day...
...Aluminium futures prices traded 0.44 per cent lower at Rs 112.65 per kg on Wednesday, in tandem with a weakening trend at the London Metal Exchange (LME). Stronger dollar reduced appeal for metals and other commodities...
...providing essential expertise for water, energy and air, has announced global price increases of six to 12 percent, effective Feb. 1, for its Colloidal Technologies Group customers on a broad range of colloidal silica and related products that are part of the Company's customer solution packages...
...SmarTrend identified an Uptrend for Reliance Steel & Aluminum (NYSE: RS) on September 03, 2010 at $40.45. In approximately 4 months, Reliance Steel & Aluminum has returned 30.4% as of today's recent price of $52.74...
...Aluminum prices on the London Metals Exchange (LME) increased more than 10% in the fourth quarter, and have continued to climb into 2011. This should provide a meaningful boost to profitability for aluminum producers Alcoa AA and Century Aluminum CENX for the fourth quarter, and the demand outlook for the metal remains favorable...
...Compensation lawsuit against aluminium plant adjourned By: MTI 2011-01-05 10:08 A lawsuit filed for compensation of damage caused by the chemical spill from a burst reservoir of an aluminium plant in western Hungary in October was adjourned till March at the Budapest metropolitan court on Tuesday...
... LME aluminum prices opened slower at USD 2,466/mt, and later dipped to a low of USD 2,444/mt, and finally closed at USD 2,465/mt down USD 20/mt compared with the previous trading day. SHFE aluminum prices opened slightly higher today, ....
...Noranda Aluminum Holding Corporation (NYSE:NOR) will announce financial results for fourth quarter 2010 in a news release before the NYSE opens on February 16, 2011. Management will review those results during a conference call at 10:00 AM Eastern Time on February 16, 2011, followed by a question-and-answer period...
...Aluminum prices have lagged the upsurge in metals prices, and that has been part of the reason Alcoa (NYSE:AA) has been held back, although operational issues were part of the mix as well...
...Anglo-Australian mining major Rio Tinto said Tuesday it has completed the divestment of a 61% stake in its French aluminium unit Alcan Engineered Products to funds linked to Apollo Global Management and Fonds Strategique d'Investissement...
...The new fund will be the first-ever pure-play ETF devoted to companies that are primarily involved in the aluminum industry...
...Aluminum yesterday traded with the positive node and settled 0.54% up at 111.4 as US dollar index slipped gradually after opening at 79.45 on December 31st, and finally closed at 79.96, down 0.62%...
... SHFE 1103 aluminum contract prices only opening at RMB 16,835/mt, SHFE 1103 aluminum contract prices surged in the afternoon session to hit RMB 16,975/mt, and finally closed at RMB 16,895/mt, up RMB 105/mt. Transactions on SHFE aluminum market improved on the first trading day of 2011, ...
... LME base metals prices were mixed yesterday. LME aluminum prices opened at USD 2,480/mt, and later climbed to USD 2,490/mt, close to the 2-year high of USD 2,500/mt. Although later the tumbling LME copper prices weighed down LME aluminum prices, ...
...Alcoa announced that Mr Keith Walton has been named Vice President, Government Affairs effective January 4 2011. He succeeds Mr Russell Wisor who is retiring after 33 years of service...
...NALCO and the state owned Industrial Odisha Infrastructure Development Corporation have launched a Joint Venture company on July 30th 2010 to set up an aluminium park at Angul to set up an aluminium downstream and ancillary complex...
...Advance SCT Ltd, one of Singapore largest traders of aluminium, copper and stainless steel scraps, has restarted its aluminium smelting plant in Malaysia last month through wholly owned subsidiary Advance SCT Sdn Bhd...
