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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... According to Macquarie Group Ltd, aluminum smelters in China may face a “critical shortage” of power that prevents them from ramping up output in the first quarter of 2011, helping to buoy prices as stockpiles decline further. ... The report said that the power curbs led to a drawdown in aluminum inventories at so-called reported warehouses in China from 1.3 million tons in May to less than 600,000 tonnes, ...
... Rusal’s stake in OAO GMK Norilsk Nickel is worth at least $15 billion, said Nathaniel Rothschild, chairman of the holding company for billionaire Oleg Deripaska’s Rusal shares. That’s $3 billion more than Norilsk bid for the stake last week.
... aluminum producer RusAl is using greenmail to get a higher price for its stake in Russia's largest nickel miner Norilsk Nickel by requesting an emergency shareholders' meeting. ... The move followed last week's offer by Norilsk to buy RusAl's 25% stake for USD 12 billion. ....
... We are not familiar with the terms and conditions of this deal as long as it has not been discussed at the meeting of the Board of Directors of Norilsk Nickel. We do believe that the sale of quasi-treasury shares is positive for the company, ...
... the world’s largest aluminium producer, announces that it has agreed the main terms and conditions of the trade finance line in the amount of up to US$300 million with a club of international banks. ... the company to finance primarily the exports of aluminium. It is also the first time for the international lenders to provide the company with trade finance for deliveries of aluminium and aluminium products ...
... the world’s largest aluminium producer and owner of a 25% stake in MMC Norilsk Nickel, announces that it has requested an Extraordinary General Meeting of shareholders (“EGM”) of MMC Norilsk Nickel (“MMC”, “Norilsk Nickel”) in order to elect a new board. ....
... world’s largest aluminium producer, announces that the Company’s Russian Depository Receipts (”RDRs”) have started trading on MICEX (RUALR) and RTS (RUAL) stock exchanges today. ...
... RUSAL, the world's largest producer of aluminium, aims to refinance $11.7 billion in debt next year, starting a fresh chapter in the company's hard-fought restructuring,... RUSAL restructured around $17 billion in total debt after the global credit crisis pushed it to the brink of disaster.
... Century Aluminum Company announced that the membership of United Steelworkers ... the company's Hawesville, KY aluminum smelter. ... the parent of Century Aluminum of Kentucky, owns primary aluminum capacity in the United States and Iceland. Century's corporate offices are located in Monterey, California.
... Naperville-based Nalco focuses on helping customers reduce energy, water and other natural resource consumption. And while the company has been profiled a lot recently for new worldwide initiatives taking place as far away as Russia, India and Brazil, one component remains constant: the better the company performs globally, the more secure the company will be locally. ...
... Japan’s shipments of rolled-aluminum products increased at the fastest pace in three months in November, led by demand from China and other Asian countries, ... Supplies to domestic and export markets climbed 11 percent to 183,613 metric tons in November from 164,859 tons a year earlier, according to the group. ...
... Alcoa Inc the largest US aluminum producer said that a December 18 fire at its Fjardaal plant in Iceland has reduced production. ... The plant can produce as much as 346,000 tonnes a year. ...
... Alcoa Inc the largest US aluminum producer said that a December 18 fire at its Fjardaal plant in Iceland has reduced production. ... The plant can produce as much as 346,000 tonnes a year. ...
... SNC Lavalin, as a 50:50 joint venture partner with Hatch, will provide project ... aluminum smelting technology aimed at providing a 40% higher output ... Rio Tinto Alcan has approved USD 758 million to complete the first phase of the AP60 plant, which will include 38 pots for an aluminum production capacity of 60,000 tonnes per year. The project also includes associated infrastructure for Phase 1 and future phases. ...
... aluminium industry a national priority and compels the state company Hidroelectrica to provide energy to Alro Slatina at a price pegged to aluminium listings on the stock market. ... According to Videanu, state backing in this sector would result in direct investments, into the Romanian economy, of approximately EUR 500 million in the following three years. ...
... Sohar Aluminium in partnership with Brand Oman signed a three year sponsorship agreement. The agreement was signed by Mr Azzan Albu Saidi manager of planning, brand Oman Management Unit and Sohar Aluminum's communication manager,...
... AP reported that aluminum manufacturing giant Alcoa Inc spent USD 610,000 in the third quarter to lobby the ... The total compared with USD 380,000 that the Pittsburgh company spent in the year-ago quarter and USD 680,000 it spent in the second quarter. ...
... LME aluminum prices slipped first but advanced later. LME aluminum prices fell gradually after opening at an intraday high of USD 2,445/mt, and later reversed some losses after dipping to USD 2,412/mt, and finally ended at USD 2,430/mt, down USD 2/mt compared with the previous trading day. ...
