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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Emal begins work on phase 2 development
Emirates Aluminium, a leading single site aluminium smelter complex, recently held a symbolic ground breaking of its Phase II development in the USD 4.5 billion expansion. The ceremony marked the start of construction of the Al Taweelah smelter’s Phase II with completion and full production planned...
National Aluminium Company to invest $4 bn in Indonesia
India's state-run National Aluminium Co Ltd (NALCO) will invest $4 billion in an aluminium smelter and power plant in Indonesia's East Kalimantan province, Indonesia's trade minister said on Tuesday. The smelter will have annual capacity of 500,000 tonnes, Indonesian Trade Minister Mari Pangestu...
Nalco looks to rope in strategic investors for Indonesian project
National Aluminium Company (Nalco), a navratna company under the Union ministry of mines is looking to rope in one or two strategic investors for its proposed aluminium smelter plant in Indonesia. The aluminium major will form a fully owned subsidiary for its Indonesian project and later hive off...
Mexican aluminium smelter project nearing decision on US operation
A Mexican secondary aluminium alloy producer may be setting up shop in Indiana to expand on an existing business relationship with Shelbyville, Ind.-based Ryobi Die Casting USA Inc. A senior executive at Ryobi confirmed that it had been in "strong negotiations" with Faeza SA de CV but no agreement...
Sohar Aluminium to be showcased to global experts
For the first time in its 28-year history, the Arab International Aluminium (Arabal) conference will take place in Oman, hosted by Sohar Aluminium. The conference is scheduled between November 14 and 16 in Muscat. It will bring over 400 international aluminium industry executives and experts to...
Venezuela aluminium company eyes slow recovery
Venezuela's state aluminium smelter Venalum is hoping for gradual but sustained improvement in production after being badly hit by a power crisis and low prices. Mr Rada Gamluch president of Venezula said that production sank to 258,000 tonnes last year from a capacity of 430,000 tonnes and output...
NALCO losing Rs 1 cr/day due to coal shortage
State-run aluminium producer NALCO is facing a production loss of about Rs 1 crore per day due to coal shortage, a company official said on Monday. "We are losing about Rs 1 crore per day due to coal shortage ... the production has to be scaled down as there has been very less availability of coal...
Aluminium Complex project for Samsung Engineering
Following the completion of 13 mega projects in Saudi Arabia, Samsung Engineering has won three new projects worth about $4 billion. Among these major projects in the Kingdom is an aluminum complex from Maaden, signaling the diversification of its traditional hydrocarbon business into the upstream,...
Sixty more pots shut down
Faced with further cut in power supply, the National Aluminium Company (Nalco) has shut down another 60 aluminium making pots at its smelter plant here. With this, a total of 120 pots have now gone out of operation out of 960 pots in the smelter plant. The company had shut down 60 pots two weeks...
Qatalum looking to create ‘future of opportunities’
Having reached full operational capacity,aluminium smelter Qatalum is now looking to create “a future of opportunities for the community and become a sustainable economic catalyst that will help drive the country’s continued growth,” according to deputy CEO Khalid Laram. “We are right now...
Alouette owners mull capacity boost
Shareholders in Aluminerie Alouette are considering increasing the Quebec-based aluminum smelter’s capacity by 56 percent in the next five to 10 years, market sources told AMM. The discussions are taking place as government-owned Albecour Inc., one of the smelter’s founding partners, negotiates to...
Geelong smelter jobs at risk, Trades Hall claims
GEELONG Trades Hall has forewarned that aluminium giant Alcoa will inevitably close its Victorian operations. But the dire prediction has divided the union movement, with the Australian Workers Union labelling the comments as misguided. It comes as Alcoa failed to guarantee its future in the...
Infra hurdles & growth needs
It is not a day too soon that Prime Minister Manmohan Singh felt the need to involve himself in sorting ministerial differences on implementation of major infrastructure and industry-related projects. With such projects not getting commissioned on schedule, the 12th Plan (2012-17) growth target of...
Smelters are under threat, claims Alcoa
US aluminium giant Alcoa has warned that Victoria's two aluminium smelters face a "significant threat" because of the soaring Australian dollar, high input costs and the carbon tax, raising fears of further job losses in the crisis-hit manufacturing industry. Victorian Treasurer Kim Wells met Alcoa...
Nalco employees seek Centre's intervention to end coal crisis
The employees of National Aluminium Company (Nalco), a Navratna PSU under Union Ministry of Mines have urged the Prime Minister to come up with a comprehensive plan to stop the recurrence of crisis in supply of coal to the company. NK Samal, working president of Nalco Employees’ Sangha, affiliated...
VHE Hall Effect Ammeters Prove Popular with Aluminium Smelters
The VHE Hall Effect Ammeter continues to be in demand by those smelters paying increased attention to pot performance. Recent orders shipped include three ammeters configured for cathode riser bar measurements to Aluar in Argentina, and one configured for anode rod measurements to a European...
Rio Tinto closer to Malaysia power price deal to push aluminium smelter project
AFTER protracted delays, mining giant Rio Tinto and its Malaysian partner are inching towards an agreement on the price they will pay for electricity to power their $US2 billion ($1.9bn) aluminium smelter in East Malaysia. According to sources, negotiations have been held up because the Malaysian...
As many as six US aluminum smelters may restart in 2012: Harbor analyst
As many as six US aluminum smelters could restart in 2012 as the US market sees demand improve and aluminum supply move into a deficit, according to Jorge Vazquez, founder and managing director of market analyst Harbor Intelligence's Aluminum Intelligence Unit. But while two other analysts agreed...
