Alcoa strikes $3.1b cash-and-stock deal for South32’s key aluminium assets
Alcoa Corporation is acquiring South32’s key aluminium assets in a USD 3.1 billion deal in cash plus 17,008,960 Alcoa shares, expanding its upstream aluminium portfolio across Australia, Brazil and South Africa. The transaction will also give South32 and its shareholders an equity interest in the...
China’s 45Mt aluminium cap pushes producers overseas as global dominance grows
China’s aluminium industry is running close to its limits in 2026. As Shanghai aluminium prices near a three-month high, historically low raw material costs and strong smelter margins encourage producers to operate at maximum capacity. National aluminium output remains above Beijing’s...
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Rio Tinto aims to boost aluminium production in Oman
Jacynthe Cote,CEO of the world's largest aluminium producer, Rio Tinto Alcan has said the firm is working with its Omani partner to find ways to boost aluminium production in the Sultanate, Muscat Daily has reported. The company will focus on the Middle East in its future plans, especially the...
Nalco regulates power to plant
With the strike of contractual workers entering the sixth day on Monday, the Nalco management began regulating power supply to the operating aluminium-producing pots in the smelter plant since evening. The power regulation will impact aluminium production. “We managed the two plants for six days...
Azerbaijan's Detal alumina refinery expected to start production
Detal was in the process of returning online a 450,000 mt/year alumina refinery that has been idle since 2009 due to the global financial crisis,official said. The refinery is expected to start commercial production in December. The official also said that Detal still intended to restart its...
UC Rusal in coke agreement
UC Rusal has signed a five year contract with Gazprom Neft for the supply of up to 1Mt of electrode petroleum coke. The coke, used by the aluminium industry for anode manufacturing, will be supplied by the Omsk Refinery, a Gazprom Neft subsidiary. It is the first long-term supply contract between...
Chinese Aluminum Smelters Mull Production Cuts As Domestic Prices Fall To Cost Levels
Aluminum smelters in central China could cut production if domestic prices fall further as higher production costs squeeze profit margins at a time of slowing global demand for the light metal. Large-scale supply curbs in the world's largest aluminum producer could, however, lend support to global...
Score Gets RM28 Billion In Investments
The Sarawak Corridor of Renewable Energy (Score) has attracted 14 mega projects worth a total of RM28.55 billion from 2009 to August this year. Sarawak Industrial Development Minister, Datuk Amar Awang Tengah Ali Hasan, said the approved projects were predominantly in the energy intensive...
Arabal: Middle East could become production hub
Rio Tinto Alcan CEO Jacynthe Côté, told delegates at the Arabal 2011 conference that aluminium production will be a key to sustainable economic growth in the Middle East. In her keynote address to the conference, Mrs. Côté told delegates from more than 30 countries that industrial diversification...
Nalco may partner GMDC for Rs 15,000-cr project
National Aluminium Company (Nalco), the Orissa-headquartered and central government-owned company, has turned out to be the sole final bidder for Gujarat Mineral Development Corporation’s (GMDC) Rs 15,000-crore aluminium project in Kutch,Gujarat. V S Gadhvi, managing director of GMDC, which is...
Update-Rio Lynemouth Move Signals Aluminum's Ailing Health
Global miner Rio Tinto's decision this week to close its Lynemouth aluminum smelter in Britain has highlighted the poor health of an industry pinched by lower metals prices and high costs. "We have been arguing for some time that aluminum prices are well into the cost curve and that eventually this...
Rio Tinto Alcan to close Lynemouth UK smelter
Rio Tinto Alcan intends to close the Lynemouth aluminium smelter in UK, subject to the completion of a 90-day consultation process with employee and union representatives. The company is also in exclusive discussions regarding the potential sale of the power station at the site. The Lynemouth...
Hindalco to seek coal linkage for Mahan project
Hindalco Industries will apply for a ‘coal tapering linkage licence' to feed its 359,000-tonne greenfield aluminium smelter project at Mahan, Madhya Pradesh. The smelter plant has a 750 MW captive power plant catering to its requirement. A tapering licence from the Government assures coal supply...
UPDATE 2-Argentine Aluar says to miss 2011 output target
Argentina's biggest aluminum producer, Aluar (ALU.BA), will not meet its expected output of 475,000 tonnes this year as recent heavy rains flooded its smelter, the company's chief executive said on Wednesday. Aluar's primary aluminum production plant in the southern city of Puerto Madryn, will be...
Hydro puts off restart of idled Sunndal capacity
Norwegian aluminium producer Norsk Hydro said on Wednesday it would not restart currently idled capacity at its Sunndal primary aluminium smelter in Norway until market conditions pick up. The company's Sunndal 3 production line was idled in early 2009 in response to weak demand. "We announced in...
Rusal's $800k lawsuit against RusHydro to be heard on November 24
An appellate court postponed until November 24 the hearing of an $801,200 lawsuit filed by the Rusal Sayanogorsk Aluminium Smelter against RusHydro for losses incurred after an accident at the Sayano-Shushenskaya Hydropower Plant, the Russian Legal Information Agency (RAPSI) reported from the court...
Aluminum Slump Means 25% of Global Smelters Now Losing Money: Commodities
The biggest decline in aluminum prices since the global recession means at least 25 percent of the world's smelters may be unprofitable. The metal fell 23 percent to $2,135.50 a metric ton on the London Metal Exchange since May 1 and energy costs gained 16 percent in the past month. Twenty-five...
DJ Argentina's Aluar Says Aluminum Output Cut 20%-25% Due To Landslide
Aluar Aluminio Argentina SA (ALUA.BA) said Monday that its production capacity has been reduced by 20% to 25% after a landslide damaged electric equipment that feeds power to its aluminum smelter. In a statement to the Buenos Aires Stock Exchange, Aluar said it's working to restore power to its...
UAE aluminum giants in forum success
Dubai Aluminum Corporation Limited and Emirates Aluminum Company Limited showcased their technology development expertise at a specialist forum in Tasmania. The Emirati firms featured an in house research at the 10th Australasian Aluminum Smelting Technology Conference which took place last month...
Abramovich Says He Feared Russia’s Murderous Aluminum Trade
Billionaire Roman Abramovich had to be persuaded to invest in Russian aluminum plants in 2000 because “every three days someone was murdered in that business,” he told a London court. Abramovich, testifying in the $6.8 billion legal fight with his former business partner Boris Berezovsky, said he...
