Four days to go, and the aluminium world is getting ready to move to Düsseldorf. From October 6-8, the city will host ALUMINIUM 2026 , with more than 800 exhibitors and partners and over 21,000 trade visitors expected at Messe Düsseldorf. The event will bring together producers, recyclers, downstream manufacturers, technology providers, equipment suppliers, policymakers and end users from across the global aluminium value chain. The 2026 edition comes at an important point for the aluminium industry. European producers are facing pressure from energy costs, international competition and tighter climate requirements, while concerns around raw material security and resilient supply chains continue to grow. At the same time, demand for aluminium is expanding across electric mobility,...
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...
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A major Japanese aluminium buyer has agreed to pay a producer premium of $380 per tonne for metal to be shipped in the April-June period, down from the previous quarter, a buyer source directly involved in the quarterly pricing talks said. The deal would mark an 11 percent drop from a record $425 per tonne PREM-ALUM-JP in January-March and is the first fall in six quarters, as regional supply climbs. Japan is Asia's biggest importer of aluminium and the premiums for primary metal shipments it agrees to pay each quarter over the London Metal Exchange (LME) cash price set the benchmark for the region. The buyer struck the deal earlier this week when a producer lowered its offer from an initial proposal placed last week, the source, who declined to be named, told Reuters. "We've made the...
A meeting of the Board of Directors of Parth Alluminium Ltd will be held on March 10, 2015, to approve the Draft Scheme of Capital Reduction of Parth Alluminium Limited, subject to necessary approvals. Shares of PARTH ALUMINIUM LTD. was last trading in BSE at INR 5.19 as compared to the previous close of INR 4.95. The total number of shares traded during the day was 200 in over 2 trades. The stock hit an intraday high of INR5.19 and intraday low of 5.19. The net turnover during the day was INR 1038.
Protracted negotiations on the future of the Renewable Energy Target could be on the verge of a breakthrough with the Clean Energy Council in talks with Labor and the government on a deal. After Labor rejected the government’s latest offer on Monday, the CEC has made it known it is keen for a deal that would end the impasse, which has frozen investment in the renewables sector for a year and threatens to impose the existing scheme on energy intensive industries like aluminium for another year. After the government started negotiations around a “true’’ 20 per cent or about 27,000GWh by 2020, and Labor backed the existing 41,000GWh scheme, the government’s offer of 31,000GWh was rejected by the opposition on Monday. Labor, which backs an exemption for the aluminium industry, is pushing for...
TRIMET Aluminium from Essen (Germany) has placed an order with Hertwich Engineering for a horizontal continuous caster (HDC) for foundry ingots. This will enable the company to produce high-quality alloyed ingots. The annual capacity of the plant is 60,000 t. The HDC operates with an ingot format of approx. 2.0 x 3.5 inches. It is thus roughly 15 percent more productive than plants which produce the standard ingot format (2.0 x 3.0 inch). The casting capacity of the 32-strand caster is between 9 and 13 t/h and depends on to cast alloy. The Hertwich Engineering scope of supply includes the casting system consisting of casting tundish and moulds, a casting machine and the cooling water control system. It also encompasses a flying saw with swarf exhausting system and an automatic stacking...
2014 was a tough year for aluminum smelters in China as chronic overcapacity pushed many into loss-making territory, finance eastmoney websitereported yesterday. 29 Chinese listed companies in industrial metals industry had released their forecasts for earnings in 2014, of which many aluminum smelters predict losses for last year. For example, Chalco expects to suffer a loss of 16.3 billion yuan ($ 2.64 billion), Yunnan Aluminum Co. sees losses of 400-450 million yuan, and Xinjiang Joinworld Co. expects it to lose 530-570 million yuan.
Collectively the five aluminium companies (EGA, Alba, Ma’aden, Qatalum and Sohar Aluminium) produced 4,928,143 tons of primary aluminium in 2014 compared to 3,748,616 tons in 2013, an increase of 31%. GCC Aluminium production constitutes 10% of the total world production. The main increase has come from Ma’aden Aluminum, A Saudi Arabia start-up which was successfully ramped up during the year, and EMAL Phase 2 project completion before the target date. The production for 2015 is expected to be more than 5 million tons. GCC remains to be one of the leading hubs for the aluminum business where 40% of its production utilized by the downstream aluminium industry in the Gulf for Regional and International market, while the balance of the primary aluminium production are exported to different...
Lightweight, high-performance metals leader Alcoa today announced that it has completed the acquisition of privately held TITAL. Alcoa closed the transaction, which was announced on December 15, 2014, after receiving all of the required global regulatory approvals. TITAL is a leading manufacturer of titanium and aluminum structural castings for aircraft engines and airframes. This acquisition strengthens Alcoa’s ability to capture growing demand for advanced aircraft engine components, in particular, those made of titanium. TITAL establishes titanium casting capabilities in Europe for Alcoa, and expands the Company’s aluminum casting capacity. Additionally, TITAL’s strong connections to European engine and aircraft manufacturers such as Airbus, SNECMA, and Rolls-Royce, will enhance...
The International Committee for Study of Bauxite, Alumina & Aluminium (ICSOBA) is an independent non-profit association that unites industry professionals representing major bauxite, alumina and aluminium producing companies, technology suppliers, researchers and consultants from around the world. ICSOBA has great honor to announce the 33rd International Conference and Exhibition of ICSOBA. For the event ICSOBA cooperates with Emirates Global Aluminium (EGA), the jointly held, equal-ownership company integrating the businesses of Dubai Aluminium (DUBAL) and Emirates Aluminium (EMAL). The conference will be held at the Rotana Al Murooj hotel in Dubai from 29 November to 1 December 2015. Objectives of the Conference are: • To review the status of bauxite, alumina and aluminium industries in...
The Government will be reassessing four out of the 19 coal blocks that were bid for and sold in the first phase of the coal auctions to examine why the bids were so low in case of these mines. The four blocks are Gare Palma IV/1, IV/2, IV/3 and the Marki Mangli III. The Gare Palma IV/2 and IV/3 that were originally allotted to Jindal Power, remained with the company for a bid of INR 108 per ton, the lowest winning bid, as other bidders showed little interest in the blocks. Gare Palma IV/1 was won by Balco for a winning bid of INR 1,585 per ton while Marki Mangli III was won by BS Ispat for INR 918 per ton. The winning bids were very low in case of these four coal blocks when compared to other similar blocks, with bids reaching as high as INR 1,110 for coal blocks reserved for the power...
Shanghai aluminum prices are expected to rise on expectations of positive policies in China, Shanghai Metals Market’s interview shows. China is going to hold the 2015 NPC & CPPCC sessions soon, and favorable policies are expected to be rolled out during the meeting, which will provide an opportunity for domestic aluminum prices to rise, an analyst from Galaxy Futures told SMM in an interview. It has been more than 1 year since Indonesia’s export ban on bauxite, and it will be unreasonable for aluminum prices to stay below production costs for longer time, the analyst said. The analyst also added that market trading will also pick up with the returning of Chinese investors after the week-long holiday. During the Chinese New Year holiday, LME aluminum stabilized at $1,810 per tonne after...
Outotec has completed the acquisition of Kempe Engineering's aluminum smelter technologies as well as service and spare parts businesses in the Middle East and Africa. The acquisition was announced on January 12, 2015. The parties have agreed not to disclose the acquisition price. The acquisition of Kempe will strengthen Outotec's technology and service business in the Middle East and Africa, doubling the installed base and providing new capabilities to expand the service business in the region. Kempe will also bring additional best cost country sourcing and a manufacturing facility in the United Arab Emirates. A large amount of Kempe's proprietary equipment will complement Outotec's aluminum product portfolio and enable further growth of Outotec's equipment and spare parts business...
The London Metal Exchange (LME) announced new rules and proposals on Monday aimed at slashing delivery backlogs at its global network of warehouses twice as quickly as under current reforms. The move is part of a wide-ranging reform drive sparked by consumer complaints about long delays to obtain aluminium from storage and lawsuits accusing banks and commodity companies of conspiring to restrict supply through the warehouse network. The LME, the world's oldest and biggest market for industrial metals, also said in a statement it planned to launch new contracts for aluminium premiums and ferrous products on Oct. 26. The LME launched consultations last November on a second layer of rules governing physical delivery and on Monday it requested even more feedback on further measures. The...
Iranian Mines and Mining Industries Development & Renovation (IMIDRO) announced on Feb 28 that the Jonoob Aluminium Plant will be established in the southern province of Fars with a production capacity of 300,000 metric tons, funded by Iranian investment companies. In the first seven months of the current Iranian year, starting March ’14, the company had reported an export of 88.4% of aluminium worth $155.1 million. Aluminium ingots production in Iran exceeded the projected output for the period by 2000 metric tons to 262,900 metric tons, in the first nine months of the current Iranian financial year (March 21 – Dec 22, 2014). The three top aluminium producers in Iran were Arak Aluminium company, Almahdi Aluminium Company and Hormozal Aluminium producing 135,413 mt, 72,996 mt and 54,565...
The long awaited Angul aluminium park, a joint venture between Odisha Industrial Infrastructure Development Corporation (Idco) and National Aluminium Company Ltd (Nalco) finally gets a nod of approval from the Union Government. A special purpose vehicle (SPV) named Angul Aluminium Park Private Ltd (AAPPL), will be developing the park across 450 acres of land, with the first phase taking up 160 acres of the land. Idco’s contribution is slightly higher, 50.50 percent while Nalco will be contributing 49.50 percent of the cost. "The department of industrial policy and promotion (DIPP) under the Union ministry of commerce and industry has given final nod for the aluminium park under the modified industrial infrastructure upgradation scheme (MIIUS). A sum of Rs 46 crore will be provided in four...
The premium aluminum buyers in Europe pay to obtain the metal had the sharpest three-month drop in at least 17 years, according to researcher Harbor Aluminum. The fee added to London Metal Exchange prices dropped to $300 a metric ton as of Thursday, with some “distressed” selling at as low as $250 a ton, according to Jorge Vazquez, managing director at Harbor Aluminum in Austin, Texas. That’s down from $425 to $445 on Nov. 25, and the sharpest three-month drop since the data begins in 1998, Vazquez said. Falling demand in the region and an increase in the availability of aluminum scrap and primary metal have pushed premiums lower, Vazquez said. “Europe is where the eye of the storm is, and one of the reasons is because it has the biggest stealth stock in the entire world,” Vazquez said,...
Rio Tinto Plc said on Friday that in its latest moves to slash costs in response to weak commodity prices it was letting go its energy chief, rolling its coal and uranium businesses into two other units and cutting some other corporate jobs. Rio's coal mines in Australia will be folded into the copper division while its uranium business will be added to the diamonds and minerals group, leaving the company with four product groups, including iron ore and aluminium. "These changes are part of our continuing business transformation to reduce costs, simplify and strengthen our company and deliver sustainable value for shareholders," Rio Tinto Chief Executive Sam Walsh said in a statement. The changes support the company's commitment to deliver $750 million (486 million pounds) in savings this...
China-based aluminium producer, Xinren Aluminium Holdings announced its results on Friday for the year 2014 ending in Dec 31, reporting net profits of 284.01 million Yuan rising from the previous year’s profits of 60.14 million Yuan. Contributions from the Xinjiang plant are being included in the group’s financial statements since July 2014 resulting in a 76.4% boost in the revenue to 14.8 billion Yuan. Another 228.97 million Yuan was added in terms of subsidies from the local government resulting in Xinjiang plant’s lower electricity costs. Compared to last year’s 1.68 billion, the cash and cash equivalents of the company rose to 313.91 million yuan. The company plans to increase the production at Xinjiang Plant from 800,000 tons in FY2014 to 1.1 million tons by the end of 2015. Xinren...
In response to today’s vote in the European Parliament’s ENVI Committee on the ETS Market Stability Reserve, Director-General of the European Aluminium Association Gerd Götz issues the following statement: “We strongly support today’s acknowledgement from a wide spectrum of political groups and MEPs of the urgent need to address indirect carbon costs at European level under an urgent ETS reform. These costs are embedded in electricity prices and cannot be passed on due to aluminium’s global pricing, thereby placing European aluminium producers at a unique competitive disadvantage. Following the October Council Conclusions in which the Member States called on the Commission to take concrete action, today’s vote represents yet another strong call for concrete actions in support of the...
