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Reliance Steel 2Q profit rises
29 JUL 20111MINS

Reliance Steel 2Q profit rises

Reliance Steel & Aluminum Co. said Thursday that second-quarter profit surged more than 60 percent on demand for its products by companies in energy, farming, aerospace and other industries. CEO David H. Hannah said sales volume and pricing "held up reasonably well" considering that mill prices for...

Brazil cost worry
28 JUL 20111MINS

Brazil cost worry

Thanks to the high cost of energy in the country last year Brazil increased its imports of primary aluminium by 229% from 2009 levels. In the analysis of the Brazilian Aluminum Association (Abal), energy cost and weight of the taxes made the country unattractive to new investments in aluminum...

Energy costs hit AWC earnings
28 JUL 20111MINS

Energy costs hit AWC earnings

Australian group Alumina Ltd (AWC) has warned that higher energy and raw material costs, and the strong dollar, are continuing to take the shine off the earnings boost from higher alumina and aluminium prices.

Alfed president warns of costs
28 JUL 20111MINS

Alfed president warns of costs

UK Alfed president Colin Davies warned of the impact of energy costs during his speech at a Parliamentary lunch. He told the Alfed annual lunch at the House of Lords, London, UK that in a recent budget, the government introduced a Climate Change Levy rebate for electricity and gas which would be...

National Aluminium on a Major Diversification Drive: Chairman
28 JUL 20112MINS

National Aluminium on a Major Diversification Drive: Chairman

State-run National Aluminium Co (Nalco) wants non-core areas to contribute a fourth of its revenue through an ambitious diversification plan covering areas like nuclear energy, thermal units and other metals, chairman B.L. Bagra has said. "In the power sector alone, Nalco has planned to invest a...

Hydro sells stake in Norwegian power producer
27 JUL 20111MINS

Hydro sells stake in Norwegian power producer

Norsk Hydro plans to sell its 20.86% ntake in northern Norwegian power producer SKS Produksjon to Salten Kraftsamband for NOK1bn. The sale does not affect Hydro’s ownership of 9.4 TWh of annual power production in Norway.

Rio Tinto wins approval to expand Ben Nevis hydro-power project
25 JUL 20111MINS

Rio Tinto wins approval to expand Ben Nevis hydro-power project

Scottish energy minister approves 5MW hydro-electric scheme at ancient Loch Eilde Mor dam in Kinlochleven. Rio Tinto has secured permission from the Scottish government to extend a 20MW hydro-electric plant in order to power its aluminium smelting facility located near the UK's highest mountain,...

NALCO plans to bid for Bhedabahal mega power project
25 JUL 20111MINS

NALCO plans to bid for Bhedabahal mega power project

NALCO plans to bid for upcoming 4,000 MW ultra mega power project in Bhedabahal in Orissa for which requests have to be submitted by August 1st 2011. Mr BL Bagra CMD of NALCO said that “The company is also scouting for partners for jointly bidding for the Orissa UMPP and has held discussions with...

Nalco seeks energy banking ties with GRIDCO
21 JUL 20111MINS

Nalco seeks energy banking ties with GRIDCO

The state-owned National Aluminium Company Ltd (NALCO) has proposed the Orissa-run GRIDCO Ltd to have energy banking arrangement so that both can help each other to meet their energy needs during a crisis, official said Wednesday. The company has formally submitted a proposal to GRIDCO - the bulk...

Alcoa workers wary about carbon tax and jobs
20 JUL 20111MINS

Alcoa workers wary about carbon tax and jobs

THE Federal Government is taking action to tackle climate change by putting a price on pollution through a carbon tax, but workers at the Alcoa Pinjarra refinery are worried the company might use the tax as a lever to cut jobs.

LPSK’s New Lightspot at the Aluminum Industrial Exhibition “Energy Conservation”
19 JUL 20111MINS

LPSK’s New Lightspot at the Aluminum Industrial Exhibition “Energy Conservation”

China International Aluminum Industrial Exhibition was held at Shanghai New International Expo Centre. Thirty people from China Aluminum Network rushed to Shanghai, and gave a whole report from the beginning to the end. The reporter of China aluminum Network walked into the platform of LPSK,...

Alcoa’s Alumina Refinery in Spain Substitutes Fuel Oil with Natural Gas
18 JUL 20111MINS

Alcoa’s Alumina Refinery in Spain Substitutes Fuel Oil with Natural Gas

Alcoa, a manufacturer of primary and fabricated aluminum, is enhancing the environmental performance and energy efficacy of its alumina refinery located in San Ciprian, Spain, by shifting to natural gas from fuel oil. The company has set up liquefied natural gas storage tanks at the alumina...

Alcoa’s Alumina Refinery in Spain Substitutes Fuel Oil with Natural Gas
18 JUL 20111MINS

Alcoa’s Alumina Refinery in Spain Substitutes Fuel Oil with Natural Gas

Alcoa, a manufacturer of primary and fabricated aluminum, is enhancing the environmental performance and energy efficacy of its alumina refinery located in San Ciprian, Spain, by shifting to natural gas from fuel oil. The company has set up liquefied natural gas storage tanks at the alumina...

Alcoa’s Alumina Refinery in Spain Substitutes Fuel Oil with Natural Gas
18 JUL 20111MINS

Alcoa’s Alumina Refinery in Spain Substitutes Fuel Oil with Natural Gas

Alcoa, a manufacturer of primary and fabricated aluminum, is enhancing the environmental performance and energy efficacy of its alumina refinery located in San Ciprian, Spain, by shifting to natural gas from fuel oil. The company has set up liquefied natural gas storage tanks at the alumina complex.

Environmental Performance Enhanced At Alcoa’s San Ciprian, Spain, Alumina Refinery
16 JUL 20112MINS

Environmental Performance Enhanced At Alcoa’s San Ciprian, Spain, Alumina Refinery

Alcoa’s (NYSE:AA) San Ciprian, Spain, facility is improving the energy efficiency and environmental performance of its alumina refinery by switching from fuel oil to natural gas. This week, Alcoa Europe Vice President José Ramón Camino and Regional Minister of Economics and Industry Javier Guerra...

Japan aluminum sector worries over energy policy impact on end-users
14 JUL 20112MINS

Japan aluminum sector worries over energy policy impact on end-users

Japan Prime Minister Naoto Kan's statement late Wednesday that the country should move towards a nuclear-free energy policy has sparked concerns in the aluminum rolling mill sector that end-users will be negatively impacted, industry sources said Thursday. Nuclear power accounts for 30% of Japan's...

Japan aluminum sector worries over energy policy impact on end-users
14 JUL 20112MINS

Japan aluminum sector worries over energy policy impact on end-users

Japan Prime Minister Naoto Kan's statement late Wednesday that the country should move towards a nuclear-free energy policy has sparked concerns in the aluminum rolling mill sector that end-users will be negatively impacted, industry sources said Thursday. Nuclear power accounts for 30% of Japan's...

Earnings shine tarnishes
13 JUL 20112MINS

Earnings shine tarnishes

ALUMINA Ltd (AWC) has warned that higher energy and raw material costs, and the strong dollar, are continuing to take the shine off the earnings boost from improved alumina and aluminium prices. The Melbourne-based group was commenting on its earnings outlook following the Monday release of second...