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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... Aluminum Corp. of China Ltd., the nation’s largest maker of the metal, said its board approved a plan to sell debt securities on China’s interbank market. Total outstanding debt instruments, including 22 billion yuan ($3.32 billion) of short-term paper and medium-term bills already sold, won’t exceed 47 billion yuan after the new sales, the company, ...
... Western world unwrought aluminium stocks fell to 1.249 million tonnes at the end of November 2010, compared with 1.334 million tonnes in October, industry data showed on Wednesday. Unwrought stocks stood at 1.125 million in November 2009, provisional International Aluminium Institute (IAI) figures showed. ...
... LME aluminum prices. 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%. Positions fell by 2,971 lots, while LME aluminum inventories fell by 2,700 mt to 4,272,575 mt. ...
... SHFE 1103 aluminum contract prices kept fluctuating narrowly around the 5-day moving average on Monday after opening slightly higher at RMB 16,725/mt, with the highest level and the lowest level at RMB 16,690/mt and RMB 16,760/mt, respectively, and finally closed at RMB 16,745/mt, up 0.24%. Trading volumes of SHFE 1103 aluminum contract were 27,012 lots, ....
... Aluminum yesterday traded with the positive node and settled 0.59% up at 110.3 from last nearly 1week market is trading in the range of 109-111 and same yesterday we have seen as LME market remained closed for the boxing day holiday and will resume trading from today. SHFE aluminum prices opened slightly higher, but the upward momentum remains weaker than other base metals. In yesterday's trading session aluminum has touched the low of 109.65 after opening at 109.8, and finally settled at 110.3. ...
... Copper jumped to a record on the London Metal Exchange, catching up with gains in other metals markets as trading resumed today after a two-day holiday. Aluminum, zinc and lead also climbed. ... Aluminum in London climbed 1.6 percent to $2,450 a ton, ...
... Japan Aluminium Association said the country shipments of rolled-aluminum products increased at the fastest pace in three months in November led by demand from China and other Asian countries. ... domestic and export markets climbed 11% to 183,613 tonnes in November from 164,859 tonnes a year earlier. ...
... Castlestone Management indicated that aluminum will become preferred base metal investment in the next 6 months due to China’s aluminum maker's production cut that will push the price to reach USD2, 500 per ton. ...
... (China Aluminum Network)From December 3rd to 4th, 2010, the Minmetals Group held Awards Ceremony Conference of China Minmetals Corporation HSE System Establishment in Hangzhou. On the meeting, general president of Minmetals Group and Director of Safety and Environmental Protection—Liu Qiao delivered a speech. ...
... (China Aluminum Network) Recently Yunnan Aluminum Runxin Aluminum Co.,Ltd started building of its aluminum alloy project with annual output of 100,000 tons in Honghe(red river) Industrial Zone, which marked that the company had taken a historic pace into the integration of raw materials and deep-processing. ...
... MCX Aluminium Dec contract yesterday traded with the positive and settled marginally up at 109.65. Yesterday MCX Aluminium Dec contract has touched intraday high of 110.3 on Monday and today MCX Aluminium Dec contract touched an intraday low of 109.65 and last traded at 109.85 up by 0.20 rupees. ..
... chairman of Chalco, the joint venture partner in Simandou with Rio Tinto alongside the IFC, was also to have attended the meeting but regrettably his journey from Beijing to Conakry was halted en route in northern Europe, ... ”Rio Tinto and Chalco are two of the world biggest mining and metal companies, and together we are utilising our collective strength to bring the Simandou deposit into production. ...
... The Aluminum Association has announced that Bob Strieter, its vice president of Health, Environment & Safety, has announced his retirement, effective March 1, 2011. ...
... Alcoa Inc. (NYSE: AA) in a research note to clients and investors on Monday. They are boosting their ’11 and ’12 EPS estimates to $1.12 and $1.40, respectively (from $1.05 and $1.32 previously) as a result of higher aluminum prices. ...
... Nalco has again gained recognition from Selling Power magazine as one of the best companies to sell for in the United States. ...
UC RUSAL (0486.HK: Quote) on Tuesday rejected an offer to sell its 25 percent stake in Norilsk Nickel (GMKN.MM: Quote) to the Russian mining giant for $12 billion,... Investors were also encouraged by the the world's top aluminium producer hiring Bank of America Merrill Lynch to value its Norilsk stake. ...
... LME market remained closed for the boxing day holiday on Tuesday and will resume trading on Wednesday. ... SHFE aluminum prices opened slightly higher, but the upward momentum remains weaker than other base metals. SMM predicts SHFE 1103 aluminum contract prices will move between RMB 16,650-16,780/mt today. ...
... Egypt Aluminium has been unable to transport 14,000 tons of export-bound products to Alexandria, the Cairo-based newspaper said, citing an unidentified company official. Kima’s sales have been cut in half during the strike, ...
