Canada's retaliatory tariffs on US goods, including aluminium and steel products, take effect as Washington intensifies pressure on Canadian industry. Canada is escalating its trade confrontation with the United States, imposing tariffs of up to 50 per cent on US imports worth CAD 27.6 billion (USD...
The aluminium industry stands at a juncture material quality, recycling capacity, cross-border cooperation, carbon compliance and energy security are falling into a network of interconnectivity. The aluminium supply chain is evolving from simply securing enough metal to securing the right quality,...
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Orbite Technologies Inc., announced that the selection committee of the Canadian Innovation Exchange (CIX), made up of technology experts and investors from across the country, has selected Orbite as a TOP 20 public technology innovator. Hundreds of company profiles were reviewed and the TOP 20...
Orbite Technologies Inc. announced that it has completed a secured debt financing totalling up to C$22 million (or US$16.95 million) in the aggregate. The Facility is comprised of a US$6.5 million revolving credit facility, term loan A (US$0.45 million) and term loan B (US$10.0 million) - all with...
Canadian supplier Linamar Corp. has offered 771 million euros ($882 million) in cash to acquire French peer Montupet SA. Montupet, which is working with U.S. investment bank Jefferies, said its board is supporting Linamar's tender offer. The French company supplies valued-added aluminium castings...
Orbite Technologies Inc. announced that further to its September 9th press release, and in accordance with the terms of the Trust Indenture dated December 13, 2012 governing the 2012 8% convertible secured debentures, it has deposited in trust with Computershare Trust Company of Canada, acting as...
The Aluminum exports from the US and Canada declined sharply by 23.5% during the initial seven-month period of the year. The exports totaled 1.671 billion lb during this period. Meantime, imports surged higher by 19.3% year-on-year to 3.563 million lb. The above figures are in accordance with the...
U.S. service centers’ steel and aluminum shipments declined during August, and though Canadian centers’ deliveries increased slightly, the year-to-year figures showed shipments declining even more significantly. Inventory positions declined only slightly for both metals in the United States and...
Orbite Technologies Inc. today provided an update on the construction of its High Purity Alumina (HPA) Plant located in Cap-Chat Quebec. The company said since commencement in Q3 the commissioning of the project is right on schedule and will be ready for commercial production in Q4. Below are a few...
Unifor, Canada’s largest private sector union, has successfully argued before the BC Supreme Court that Rio Tinto’s Kitimat aluminum smelter must reviewed by the Environmental Assessment Board (EAB). The project, to be built without a sulphur dioxide scrubber, had been approved by the province’s...
Aludium, a producer of high value-added, semi-finished aluminium products made an announced that it has appointed Empire Resources, Inc. as its exclusive importer and distributor for the United States and Canada. This appointment, which is effective immediately, essentially covers all products from...
Orbite Technologies Inc. announced its intent to purchase all outstanding 8% convertible secured debentures issued on December 13, 2012 as per the terms of the indenture of that date. The debentures, the outstanding principal of which amounts to $25M, will be purchased for a price of $1,000 for...
Québec Premier Philippe Couillard, accompanied by Minister of the Economy, Innovation and Exports Jacques Daoust and the Parliamentary Assistant to the Premier for the Saguenay Lac-Saint-Jean region and Member for Dubuc Serge Simard, has announced the launch of the Québec Aluminium Development...
Preliminary estimates indicate that aluminum demand in the United States and Canada (shipments by domestic producers plus imports) totaled an estimated 13,063 million pounds through June 2015, up 2.9 percent over the same period last year. Demand for semi-fabricated (mill) products totaled 9,349...
IBC Advanced Alloys Corp., an integrated manufacturer and distributor of rare metals (beryllium) based alloys and related products, reports an unauthorized third party release of proprietary IBC information whereby material competitive business intelligence, as well as proprietary information...
Outotec has purchased the Canadian technical consulting and engineering company Kovit Engineering Ltd from its founders. Sudbury-based Kovit Engineering specialises in surface and underground mine tailings solutions. The acquisition complements Outotec’s existing dewatering and tailings treatment...
According to the Aluminum Association reports Aluminum net shipments (including exports) by domestic U.S. and Canadian facilities totaled an estimated 1,941 million pounds during June, up slightly (0.4 percent) over the June 2014 total of 1,933 million pounds. Shipments of aluminum mill products...
Orbite Technologies Inc announced today the filing of its Consolidated Interim Financial Statements for the second quarter ended June 30, 2015 . The Company reported a net loss of $3.7 million (or $0.01 per share) for the second quarter, as compared to a net loss of $4.3 million ( $0.02 per share)...
Rio Tinto releases strong production results for second quarter 2015 across all sectors. Rio Tinto chief executive Sam Walsh said “We have maintained our emphasis on efficiency and protecting returns, which is reflected in this solid production performance. We have also delivered three significant...
Rio Tinto is preparing its first shipments of metal from its world-class Kitimat aluminium smelter in Canada following an extensive modernisation of the facility. The modernisation of the aluminium smelter will increase production capacity by 48 per cent and result in Kitimat becoming one of the...
