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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Estimated shipments of Aluminum Forgings and Impacts by U.S. and Canadian producers totaled 24.5 million pounds during November 2013, an increase of 19.7 percent over the November 2012 total of 20.4 million pounds. Compared to the previous month, shipments decreased 7.4 percent from the October...
Last week, the share prices of a number of junior resource companies on the TSX Venture Exchange increased. Among those, First Bauxite saw remarkable increase in the share prices. First Bauxite, the Canadian natural resources company rose 27.27 percent last week. First Bauxite explores and develops...
The Aluminum Manufacturing industry fought through tough economic conditions the past five years. The onslaught of the Great Recession caused demand from the industry's major industrial manufacturing and construction markets to plummet, particularly car and automobile manufacturers and...
The LME cash price fell below $1,700/mt this week, marking its lowest level in nearly four-and-a-half years. Meanwhile, aluminum fundamentals do not appear to be deteriorating. Global days supply held at 52 in October. On the one hand, days supply is close to its lowest level during the global...
The Co-operators has announced extended support for funding the Arctic Co-operatives Limited aluminum recycling program in Nunavut. The additional contribution of $26,000 will allow Arctic Co-operatives to expand and improve the program, which operates in 23 communities in the territory. The new...
Rio Tinto is planning to invest US$2.7 billion to complete the modernization of its aluminium smelter in Kitimat, B.C., while the company is cutting back on capital spending at projects around the world. “For nearly 60 years, the smelter has been a major impetus for the economic development of...
The head of Rio Tinto's global aluminum business says it will complete the modernization of its Kitimat smelter in British Columbia but will pull back on capital spending around the world. Rio Tinto plans to cut capital spending by at least 20 per cent in each of the next two years. For 2014,...
The Aluminum Association released today the 2012 Aluminum Statistical Review, the most comprehensive source for North American industry data, covering every cycle of the production process from primary aluminum to finished goods to the recovery of aluminum scrap. The review shows that, for the...
The Ohio Job Creation Tax Credit Authority on Monday approved tax credits for a Canadian-based company that is considering constructing a facility at the Ohio Commerce Center in Lordstown. Matalco Inc., a company that makes aluminum billets for the aluminum extrusion industry, was approved for a 50...
The Aluminum Association of Canada (AAC) released a market study today which shows that half of the 1,000 to 1,400 short span bridges to be repaired or replaced every year over the next decade in Eastern Canada and the northeastern United States are ideal to incorporate shop-fabricated, aluminum...
Estimated shipments of Aluminum Foil by U.S. and Canadian producers totaled 81.7 million pounds during October 2013, up 1.4 percent over the October 2012 total of 80.6 million pounds. Compared to the previous month, shipments rose six-tenths of one percent over the September 2013 revised total of...
The Honourable Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs and Minister of the Economic Development Agency of Canada for the Regions of Quebec, today announced that the firm Sural Québec Inc. has been granted financial assistance to launch operation of its...
Orbite Aluminae Inc. announced today the filing of its unaudited Condensed Consolidated Interim Financial Statements for the quarter and the nine month period ended September 30, 2013. The Corporation reported a loss of $2.1 million ($0.01 per share) for the third quarter of 2013, representing a...
The Aluminum Association, in cooperation with the Aluminum Association of Canada reported that its “Index of Net New Orders of Aluminum Mill Products” increased 1.1 percent year over year in October in US and Canada. Orders for flat roll products (sheet, plate, can stock and foil) declined...
Bauxite exports from Brazil reported a 10% increase in October, after China and Canada increased purchases. Shipped volumes totalled 1.06 million tonnes in the month, compared with 966,837 tonnes in October last year. The figure also represents a 77.4% increase from September, when 597,550 tonnes...
Orbite Aluminae announced today that it has filed a preliminary short form prospectus with the securities regulatory authorities in Quebec, Ontario, Alberta and British Columbia, in connection with a "best efforts" marketed offering of up to $16 million in Units comprised of Convertible Unsecured...
U.S. Aluminum giant Alcoa is threatening to close all three of its smelters in the province of Quebec, Canada, as electricity supply cost for the plants is expected to jump 60%, TVA network reported late Tuesday (in French). According the news outlet, Alcoa issued a 12-month notice to Hydro-Québec,...
Demand for aluminum semi-fabricated (mill) products in the United States and Canada (measured in shipments by domestic producers plus imports) totaled an estimated 1,445 million pounds in August, increasing less than one-tenth of one percent over the August 2012 total of 1,444 million pounds....
