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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... The company, which is 51% owned by the Norwegian government, has activities in over 60 countries, comprising oil and gas, energy, fertilisers, magnesium, aluminium, petrochemicals, industrial chemicals and fish farming. Slightly more than half the 35,000 employees are outside Norway. ...
... MCX Aluminium Dec contract yesterday traded with the negative node and settled -0.18% down at 110.1. In yesterday's trading session MCX Aluminium Dec contract has touched the low of 109.55 after opened at 110.45, and finally settled at 110.1. ...
... the Tiwai Aluminium Smelter is cutting production by 5% due to soaring electricity prices. Mr Ryan Cavanagh General manager of Tiwai Aluminium said it will result in a reduction of 30MW of power demand and a decrease in aluminium production of about 1500 tonnes per month. ...
... SHFE 1103 aluminum contract prices moved around the 5-day moving average after opening at RMB 16,740/mt. ... SHFE 1103 aluminum contract prices climbing to RMB 16,820/mt and closing at RMB 16,815/mt, up RMB 90/mt. ....
... 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. Positions fell by 3,674 lots, while LME aluminum inventories increased by 8,025 mt to 4,280,600 mt. ...
... Total world aluminum inventories in November fell 79,000 metric tons to 2.373 million tons, according to figures released Wednesday by the International Aluminum Institute. ... Last month's figure is up 189,000 tons from the November 2009 inventory figure of 2.184 million tons. ...
... Reliance Steel & Aluminum Co (NYSE: RS) closed Tuesday's trading session at $51.05. 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 $50.33 and resistance in the $51.87 range. ...
... Tajik Aluminum Company (TALCO) signed an agreement with Asia's largest trader Noble Resources Ltd (Hong Kong) and Det.AL Azeraluminum (Azerbaijan), the TALCO press service said. Under this document, the sides have considered it necessary to resume production of alumina at the Ganja Alumina Refinery in Azerbaijan that will be delivered to Tajikistan for TALCO. ...
... Alcoa Inc. (NYSE: AA) is scheduled to release its fourth-quarter financial results after the closing bell on January 10, 2011. Analysts, on average, expect the company to report earnings of 19 cents per share on revenue of 5.68 billion. In the year ago quarter, the company reported earnings of 1 cent per share on revenue of $5.43 billion. ...
... The aluminium giant confirmed the jobs boost yesterday, saying a recent surge in demand meant its rolled products plant needed more full-time mill operators and tradespeople. ... "There's a pick up in demand for aluminium worldwide, the domestic market is reasonably strong and we're having more product processed here instead of offshore. ...
... Longkou port has imported 11 million tons of aluminum metal ores by the end of November, with an increase of 92% YoY, which accounted for 40% of national total aluminum metal ores imports. Longkou port imports once again ranked first in the National Ports. ...
... It is reported that domestic aluminum market stayed firm in the week December 20 to 24. Price remained at CNY 16,300 per tonne to CNY 16,500 per tonne for Chalco aluminum ingot. The material was traded at CNY 16,020 per tonne to CNY 16,170 per tonne in Shanghai, CNY 16,010 per tonne to CNY 16,190 per tonne in Wuxi and CNY 16,190 per tonne to CNY 16,320 per tonne in Nanhai. ...
... Al Mal citing company officials reported that a strike by truck drivers in Egypt disrupted business of companies including Egypt Aluminium and fertilizer producer Egyptian Chemical Industries, also known as Kima. ... Egypt Aluminium has been unable to transport 14,000 tonnes of export-bound products to Alexandria. ...
... Domestic aluminium producers will be relieved, as aluminium prices ended the year on a firm note, after falling halfway through the year. Aluminium prices on the London Metal Exchange (LME) have risen by just 7% to $2,404 (Rs. 1,08,420) a tonne, ...
... China output of ten non-ferrous metals dropped 1.9%YoY to 2.69 million tonnes in this November. Output figure slumped 14.1% for electrolytic aluminum, ... Electrolytic aluminum output gained 22.6% to 14.36 million tons, compared with a 1.7% drop in the same period of last year. ...
... Credit Suisse is looking to list an aluminum fund on the London Stock Exchange (LME), Reuters reports. The exchange-traded product (ETP) will let investors put their money in aluminum without repeatedly rolling forward contracts on the LME. ...
... Aluminum Corporation of China (601600, 2600.HK) plans to buy a 9.5 percent stake in its subsidiary, China Aluminum International Trading, from Chalco Property Development, reports 163.com, citing a corporation filing. ...
... the Company realized an annual production volume of 158.56 million barrels of oil equivalent. During fiscal 2010, the company produced 1.2 million tonnes of aluminium. It also produced 13.9 million tonnes of bauxite and 3.8 million tonnes of alumina. ...
