The Aluminum Association launched “America Needs Aluminum,” a new public awareness and advocacy campaign highlighting aluminum’s essential role in the US economy and calling for policies that help America make, recycle and build more with this critical material. The campaign centers on a straightforward message: America needs aluminum - let’s make more of it here. It builds on the association’s broader “all-of-the-above” strategy for aluminum supply, which calls for expanding both recycled and primary aluminum production, strengthening domestic manufacturing, improving energy availability and aggressively confronting unfair trade. “Aluminum is essential to nearly every part of modern American life - from our cars, homes and packaging to the power grid, fighter jets and advanced...
At ALUMINIUM 2026, taking place in Düsseldorf, October 6-8, ABB will showcase technologies designed to help aluminium producers improve process control, product quality and production efficiency. Visitors will be able to step inside a cold rolling mill through an immersive virtual reality experience to explore integrated automation, electrification, digital and measurement technologies in action. The showcase comes as aluminium producers face the dual challenge of meeting growing demand while reducing the environmental impact of production. The increasing shift towards secondary aluminium is creating new opportunities to decarbonize the industry, while maintaining precise process control remains critical. ABB will highlight AL-EMS electromagnetic stirring technology and its metallurgical...
Grow with
AL Circle
Noranda, along with its results, also declared that its Board of Directors has declared a regular quarterly dividend of $0.01 per share which will be paid on June 10, 2015 to shareholders of record as of May 18, 2015. The Board intends to maintain this dividend in all the future quarters on a regular basis however, it will obviously depend on the financial condition of the company. The ups and downs of the company will be directly reflected in the dividends which may vary in amounts or not be declared at all. The CEO of Noranda, Kip Smith also mentioned during the company’s first quarter 2015 earnings call that aluminium prices are likely to rise “appropriately” as the U.S. aluminium premiums continues to fall.
Emirates Global Aluminium (EGA) is delighted to have received the 'Best Importer and Exporter' award in the 2014 Abu Dhabi Ports Company (ADPC) Customer Awards. Abdulla Kalban (Managing Director & Chief Executive Officer of EGA) and Saeed Al Mazrooei (CEO: UAE Operations at EGA) received the award on behalf of the business during a gala dinner on 29 April 2015. Having exported approximately 88.5 per cent of the 2.3 million tonnes sold by the business in 2014, EGA achieved a growth rate in exports of 23 per cent in 2014 compared with the previous year. With an annual production capacity of 2.4 million tonnes per year, EGA ranks among the world's top five primary aluminium producers and places the UAE as the world's fourth largest aluminium producer. EGA's high quality, high performance...
Press Metal Bhd, whose shares came under selling pressure in the second half of last month due to concerns of an aluminium glut, posted commendable results for the first quarter (Q1) ended March 31. The aluminium smelter announced to Bursa Malaysia a 53.9% year-on-year rise in Q1 net profit of RM43.14mil. Revenue increased 17.7% to RM1.056bil from a year earlier. The higher revenue achieved was due to higher production output from the resumption of its Mukah smelting plant’s operation and higher metal selling price during the quarter. (The Mukah plant resumed full operation in April 2014 after being shut down in June 2013 due to power outage.) The group’s operating profit rose in tandem with the higher revenue. “However, due to mark-to-market foreign exchange (forex) loss provision,...
Aiming to raise the profile of the UAE aluminium industry in the global market, Emirates Global Aluminium (EGA) is the platinum sponsor and host of the 20th CRU World Aluminium Conference, which takes place from 11 to 13 May 2015 in Dubai. Attracting delegates from around the globe, the annual CRU event is highly respected by the global aluminium industry for its networking and knowledge-sharing opportunities as well as the market-leading aluminium research that is shared by experts at the conference. EGA has been an active participant in the CRU World Aluminium Conferences for many years; and has previously sponsored and hosted the event in the UAE. EGA 's operating subsidiaries Dubai Aluminium (DUBAL, also known as EGA Jebel Ali) and Emirates Aluminium (EMAL, also known as EGA Al...
"We are pleased to report the successful completion of two important initiatives to improve our cost structure," Layle K. Smith, Noranda's President and Chief Executive Officer. "Specifically, we established a new and reduced electricity rate structure at our aluminum smelter and we completed our port expansion project in Jamaica. Collectively, we expect these initiatives will structurally reduce our cash costs, independent of fluctuations in aluminum prices, by $22 to $30 million per annum or $0.04 to $0.05 per pound of primary aluminum sold." "The achievement of these key initiatives is part of our ongoing CORE (Cost-Out, Reliability and Effectiveness) program which provides Noranda a solid foundation from which to operate sustainably and grow through the aluminum cycle. Despite...
Alcoa Executive Vice President and Chief Financial Officer William F. Oplinger will present at the 2015 Bank of America Merrill Lynch Global Metals, Mining & Steel Conference being held May 12-14 in Barcelona, Spain. Oplinger will speak at 11:00 a.m. EDT (5:00 p.m. CET) on Tuesday, May 12. He will discuss Alcoa's strategy for building its multi-material, value-add portfolio and creating a globally competitive commodity business. Oplinger's presentation will be available through a live audio webcast at Alcoa website. Following the conference, the archived webcast will be available for replay on the same website.
A drop in production has resulted in reduced energy consumption by 25% during the crucial years for the Romanian aluminium producer Alro Slatina. Aluminium being an energy-intensive industry, a large chunk of capital is spent on energy requirements. Alro spent nearly a third of the company’s cost on energy. The recent amount of saved energy by the firm compared to 2008 is equivalent to the energy consumed by around 350 apartments as per the local news channels. The company had suffered a loss of EUR 24.6 million loss last year with a turnover if EUR 452 million with an estimated profit of USD 63.6 million (EUR 57.8 million) for 2015. There are planned investments worth USD 58.9 million (EUR 53.5 million) lined up with a forecasted revenues of USD 663.6 million. Alro, the largest power...
Industry Minister Chakkamon Phasukwanit has said after meeting with the president of Diaki Aluminium Industry (Thailand) Co., Ltd. that the company promised to maintain and expand its production site in Thailand to accommodate future growth of the Thai automotive industry. Diaki Aluminium Industry (Thailand) Co., Ltd. is one of the world’s top five biggest aluminium manufacturers. Its factory at the Amata Nakhon Industrial Estate has received permission from the Department of Industrial Works to recycle aluminium dross as raw material for the green steel industry. The Office of Industrial Economics has forecast that the Thai industrial GDP in 2015 would expand by 2-3% and the manufacturing production index 3-4%. The automotive industry’s production was expected to grow by 10% or 2.15...
More available aluminium means the surcharges that U.S. consumers pay are narrowing into line with costs paid in Asia and Europe, and the regional gap could be closed by the end of the year. Strong U.S. demand for aluminium used in transport and packaging, long queues to get material out of London Metal Exchange approved warehouses and lucrative financing deals that kept metal out of the market have pushed up premiums, or the surcharge for obtaining physical material. But supply barriers are crumbling rapidly, more metal is finding its way to the U.S. market and prices are already falling. "The gap is starting to narrow ... It's still there, though it won't be by the end of this year," said Michael Widmer, metals strategist at Bank of America Merrill Lynch. "The U.S. is a deficit market...
LME aluminium may fall to a support at $1,892 per tonne, as it has peaked around a resistance at $1,930. The resistance and the support are identified respectively as the 161.8 percent and the 123.6 percent Fibonacci projection levels of an upward wave C, the third wave of a three-wave cycle that developed from the March 12 low of $1,745. This wave could be well divided into five small waves, a signal that it has completed. The bearish divergence on the hourly MACD confirms the completion. A bounce from the current level may be limited to $1,918, the 150 percent level.
BHP Billiton's shareholders are expected to approve the biggest ever spin-off in the mining industry on Wednesday, seeking to wring more value out of a string of long-neglected aluminium, manganese, silver and nickel assets. But the new company, South32, risks a tough May 18 debut on the Australian bourse, with investors nervous about weak commodity prices, short mine life spans and declining ore grades. Reflecting this uncertainty, analyst valuations vary widely, with Morgan Stanley predicting it may start with a market worth of A$8.5 billion (£4.43 billion) and Investec around $12 billion. "I think a focused management team will be able to extract the best value for those assets over time. But if commodity prices are weak, it's going to be a bit more problematic," said Paul Xiradis,...
Investors could be forgiven for thinking Aluminum Corp of China’s return to profitability, fatter margins and surging share price makes the lightweight metal producer a stock to own but that may not be the case. The company, better known as Chalco, may be a giant of China’s aluminum industry but it’s a pygmy where it counts: profits, revenue growth and return on capital. The first quarter results delivered a miserly profit of CNY63 million struck off a 22% year-on-year fall in revenue, the lowest top line performance since the global financial crisis. While at first brush these numbers may appear uninspiring, the depressing reality is they represent a significant improvement on the CNY10.8 billion loss delivered in the prior quarter. Although investors don’t seem bothered with whimsical...
The long shuttered Columbia Falls Aluminium Company plant will now finally be demolished so that the property can be used for other purposes, the company announced. Some of the buildings in the property have been around for 50 years so salvage program has been initiated by CFAC and Calbag Resources of Portland has undertaken the contract for the demolishing and salvaging program. The work may be started as soon as next week, says CFAC. "They're going to start their work immediately on the stuff that's in their contract. Which is decommissioning the plant and taking down some of the buildings that won't be used for anything else," CFAC spokesman Haley Beaudry said. Beaudry says, it will be a difficult thing to see the plant disappear but they will stick to the decision taken and begin...
Aluminium Bahrain B.S.C. (Alba), a leading aluminium producer in the world, received international recognition for its strong safety culture when it was honoured with two major safety awards by the British Safety Council on April 24, 2015 at Grosvenor House, London. Alba was awarded with the International Safety Awards 2015 for its commitment and determination to prevent workplace injuries and maintaining safety and well-being of its workforce. This honour rewards organisations that show a real commitment towards improving corporate health and safety, and is acknowledged by the UK Health and Safety Executive as a powerful motivator for achieving high safety standards. Alba employee Ahmed Janahi also bagged the Health and Safety Champion Award, 2015 for his instrumental role in developing...
Century Aluminum’s Ravenswood plant is facing troubles again as it is unable to secure a viable power rate plan and is running out of time. The power plan requested by the struggling plant cannot be approved without the consensus of the Public Service Commission said Appalachian Power but Century says it does not have time to wait. Ravenswood plant had shut down six years ago making 650 people jobless. A $20 million in tax credit has helped the plant to open its doors again but the Public Service Commission has rejected the company’s past plans that could transfer costs from Century to other customers if aluminum prices plunge. As a result, Century’s president, Michael Bless is faced with yet another tough decision and come to a conclusion as to what can be done about the power costs to...
Lightweight metals leader Alcoa announced changes to its Board of Directors today effective with the Company's Annual Meeting of Shareholders held in Pittsburgh. Dr. Judith Gueron, an Alcoa director since 1988 and its Lead Director since 2010, who did not stand for re-election when her term expired at the Annual Meeting, retired from the Board of Directors. Succeeding Gueron as Lead Director is Patricia Russo, a member of the Alcoa Board since 2008. "Judy Gueron has played an important role on the Alcoa board during the period of most dramatic global growth in the Company’s history, providing significant guidance on corporate social responsibility and public issues as Alcoa expanded into new regions and markets," said Alcoa Chairman and CEO Klaus Kleinfeld. "On behalf of the entire board,...
N R Mohanty, Director (Projects & Technical) at National Aluminium Company Ltd (NALCO) has been given additional charge as Chairman-cum-Managing Director of the navaratna PSU. The additional charge was given to Mohanty following the superannuation of Ansuman Das, a company statement said here today. Mohanty graduated in B.Sc Engg (Hons) in Mechanical Engineering from NIT Rourkela in 1980 and was awarded as the Best Graduate of Sambalpur University. He started his career from Larsen & Toubro and worked in BALCO before joining NALCO in 1986, it said. Mohanty has rich and varied experiences of more than 33 years in aluminium industry. He has worked in various capacities in the company's Smelter Plant and Corporate Office. Besides, he has also initiated various growth oriented greenfield and...
Noranda Aluminum Holding Corporation reported today that the Missouri Public Service Commission has established a new and reduced electricity rate structure for the Company's aluminum smelter in New Madrid, Missouri (New Madrid). "Securing a reduced rate for our single largest cost is an important milestone in our on-going journey to structurally improve our cost profile," said Layle K. "Kip" Smith, Noranda's President and CEO. "At full production, the new rate is expected to reduce New Madrid's annual power cost by approximately $17 to $25 million or $0.03 to $0.04 per pound of primary aluminum sold. As part of our comprehensive productivity program, we expect these structural savings to make a meaningful contribution to our near-term performance and cash flow, and to enhance our ability...
