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SMM Morning Review - 2011/3/24 Aluminum Market
24 MAR 20111MINS

SMM Morning Review - 2011/3/24 Aluminum Market

... LME aluminum prices opened high and moved higher last night supported by rising energy prices and market expectations of robust demand for base metals from post-earthquake reconstruction in Japan, with prices opening higher at USD 2,618/mt and finally closing at a higher of USD 2,631/mt, ...

Aluminum’s Contango Steepens as Oil Prices Advance, BofA Says
18 MAR 20111MINS

Aluminum’s Contango Steepens as Oil Prices Advance, BofA Says

...-Aluminum futures moved more deeply into contango in the last few weeks on concern that higher oil prices may boost production costs, according to Bank of America Merrill Lynch...

Alro wants to start works on EUR 500 mln thermal power plant in Romania
08 MAR 20111MINS

Alro wants to start works on EUR 500 mln thermal power plant in Romania

...Aluminium producer Alro Slatina plans to start construction works on a gas-fueled thermal power plant near Tulcea in Romania, an investment which could reach EUR 500 million, according to Alro director Gheorghe Dobra...

Buy Parekh Aluminex; target of Rs 350: Sunidhi Securities
08 MAR 20111MINS

Buy Parekh Aluminex; target of Rs 350: Sunidhi Securities

...Rio Tinto Alcan (RIO.L) said on Wednesday that its Laterriere aluminum smelter in Quebec was operating at half capacity following a power failure. The smelter suffered a significant outage on Tuesday after two electrical transformers failed, leaving the plant without adequate energy to continue...

Quebec aluminum smelter hit by power failure
08 MAR 20111MINS

Quebec aluminum smelter hit by power failure

...Rio Tinto Alcan (RIO.L) said on Wednesday that its Laterriere aluminum smelter in Quebec was operating at half capacity following a power failure. The smelter suffered a significant outage on Tuesday after two electrical transformers failed, leaving the plant without adequate energy to continue...

Alcoa smelter carbon tax concern
04 MAR 20111MINS

Alcoa smelter carbon tax concern

...WANNON MP Dan Tehan took on Prime Minister Julia Gillard yesterday in a war of words over how Portland Aluminium smelter would fare under her new carbon tax. ..

Rising Production Costs Will Be Continuing Obstacle for Chalco
04 MAR 20111MINS

Rising Production Costs Will Be Continuing Obstacle for Chalco

...Chalco's ACH results for the second half of 2010 reflect a growing concern about cost control at China's largest aluminum producer. Strong aluminum prices in the last half of the year caused a slight increase in revenue, offsetting the lost sales volume from production cuts at some of the...

Alcoa plans to fire up the third potline at the Wenatchee Works smelter on Tuesday.  About 80 new employees have been working since last month to restart the line that was shut down in 2001.  Plant manager Nik Winjum told The Wenatchee World it will take about three weeks to get the line fully energized and running.
01 MAR 20111MINS

Alcoa plans to fire up the third potline at the Wenatchee Works smelter on Tuesday. About 80 new employees have been working since last month to restart the line that was shut down in 2001. Plant manager Nik Winjum told The Wenatchee World it will take about three weeks to get the line fully energized and running.

...As the world celebrates International Corporate Philanthropy Day, Alcoa Foundation has announced a new $7 million investment to address regional environmental challenges, improve energy efficiency and enhance global reforestation projects. The investment aligns with Alcoa Foundation’s...

NALCO faces threat of output cut - Report
24 FEB 20111MINS

NALCO faces threat of output cut - Report

...Reuters reported that NALCO of India may have to cut output in 10 days if coal supply disruption continues in eastern Orissa state...

Hindalco eyes Rs 9,200-cr Mahan's financial closure by March
24 FEB 20111MINS

Hindalco eyes Rs 9,200-cr Mahan's financial closure by March

...The road shows to achieve the financial closure for Hindalco’s Mahan Aluminium project have begun. The project, slated at Rs 9200 crore, will have a 359 kilo tonne per year (ktpy) aluminium smelting capacity and 900 MW of captive power...

Wanfang Aluminum To Build 300MW Power Plant
22 FEB 20111MINS

Wanfang Aluminum To Build 300MW Power Plant

...wholly-owned subsidiary Jiaozuo Wanfang Electric will build two 300-megawatt (MW) power generators together costing 2.79 billion yuan to promote energy self-sufficiency, reports Securities Times, citing a company filing. The plants’ construction period is two years...

Protect Environment by Recycling Aluminum
22 FEB 20111MINS

Protect Environment by Recycling Aluminum

...February 21, 2011 Most metals retain their qualities even after being recycled a number of times. Aluminum is one such metal which retains its natural qualities even after being recycled many times. The process of recycling aluminum requires only 5% of the energy used to produce aluminum out of...