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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...It is reported that a fuel tank for kerosene at a Hydro aluminium factory exploded early Friday morning near Oslo, causing no injuries as the factory had been closed for the Christmas holidays...
...Bloomberg reported that Ess Dee Aluminium Ltd an Indian maker of packaging used by pharmaceutical companies expects to buy more of the metal this financial year and next driven by increased demand for medicines...
...It is reported that Vedanta Resources does not seem interested in setting up an alumina refinery and an aluminium smelter in Gujarat. It has decided against an expression of interest as invited by the state-owned Gujarat Mineral Development Corporation...
...Alcoa marks the unofficial start to earnings season next week. Ahead of the event, volume was brisk in the company's January $16 "call" options on a day when Deutsche Bank analysts upgraded their investment rating on the stock...
...Resource giant Rio Tinto Ltd (ASX:RIO) could find itself working with some new partners at its Simandou iron ore project in Guinea, according to the Australian Financial Review...
... SHFE 1103 aluminum contract prices fluctuated narrowly in the morning after opening flat at RMB 16,755/mt on December 31st. The soaring SHFE copper prices and strongly climbing Shanghai Stock Exchange composite index in the afternoon helped drive up SHFE aluminum prices slightly, and the inflows of speculative funds from long investors at the tail of trading allowed SHFE aluminum prices to advance suddenly, ...
... LME aluminum prices fell to USD 2,468/mt after opening at USD 2,480/mt, and later rebounded and finally closed at USD 2,484/mt, up USD 30/mt compared with the previous trading day, or up 1.2%. Today, SHFE aluminum prices opened higher, with SHFE 1103 aluminum contract prices even breaking through RMB 16,900/mt, ...
... UC RUSAL the world’s largest aluminium producer and the ministry of energy of the Russian Federation announced that the terms and conditions governing the purchase by the company’s smelters of energy on the wholesale market due to energy providing agreements entering into effect in Russia have been agreed. RUSAL, through its Bratsk, Krasnoyarsk, Novokuznetsk and Sayanogorsk aluminium smelters, as well as through Siberian Urals Aluminium Company, ....
... National Aluminium Company (NALCO) has touched an intraday high of Rs 395.00 and an intraday low of Rs 380.25. At 15:23 hrs the share was quoting at Rs 391.85, up Rs 9.95, or 2.61%. The company has raised metal prices by Rs 5000/tn, reports CNBC-TV18. ...
... China Securities Journal citing a company filing reported that Topsun Science and Technology has terminated its planned acquisition of Qinghai Tongren Aluminum Industrial's aluminum smelting and processing assets. As per report Topsun Technology will pay CNY 4.6 million in compensation to Tongren Aluminum, which will refund CNY 52.4 million in acquisition fees. ...
... Alcoa Inc. (NYSE: AA), appreciated over 43.8% since the beginning of September. Likewise, since the beginning of September, Alumina Limited (ADR) (NYSE: AWC), an Australian-based company in the industry engaged in investing in bauxite mining, alumina refining and selected aluminum smelting operations, has posted an appreciation in market value of over 66%. ...
... Aluminum yesterday traded with the negative node and settled -0.05% down at 110.8. LME aluminum prices fluctuated at high levels, and opened at USD 2,448/mt, and later hit a high of USD 2,458/mt and closed at USD 2,454/mt, down USD 1/mt compared with the previous trading day. ...
... Aluminium prices on LME ended higher by 0.6 percent however stronger rupee limited the gains in Indian market. Aluminium stocks on London Metal Exchange witnessed draw-downs of 3,550 tonnes as against build-up of 8,025 tonnes on the previous day. On a weekly basis, stocks rose by a modest 1,775 tonnes. Warehouses in China witnessed a modest decline of 453 tonnes. ...
... The Company is also a producer of iron ore and iron ore pellets. It also produces manganese ore, ferroalloys, bauxite, alumina and kaolin. It also produce aluminum, ... The Company is engaged in bauxite mining, alumina refining, and aluminum metal smelting. In September 2009, Rio Tinto Limited completed the sale of its Corumba iron ore mine in Brazil and the associated river logistics operations to Vale S.A. ...
... Ma’aden and Alcoa’s aluminum plant at Ras Azzour is expected to have a capacity of 1.8 million tons per year of alumina, the raw material taken from the ore bauxite used to make aluminum. The plant is expected to be completed in 2014. ...
... Southwest Aluminum exports and foreign exchange touched a record high, and completed the whole year’s export and foreign exchange task one month in advance. Southwest Aluminum Company kept good momentum for stable growth of aluminum exports. ... Southwest Aluminum Company’s valid contracts number increases 33% YoY, shipment increase 46.8% YoY and foreign exchange earnings increases 84.4%,. ...
... 2011 global aluminum market supply will be improved, which will enhance cost supporting efforts, additionally short-term liquidity is difficult to sharp, it is expected that aluminum price focus will rise to a new stage. .... rapid growth of demand, which will be good for financial property to play and aluminum rising probability will be bigger. ...
... Aluminum yesterday traded with the negative node and settled -0.18% down at 110.1 LME aluminum prices opened higher at USD 2,447/mt, and later fluctuated higher and finally closed at an intraday high of USD 2,455/mt, up USD 25/mt compared with the previous trading day, or up 1%. ...
