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Aluminum smelting industry in Europe at risk: Citicorp
22 JAN 20142MINS

Aluminum smelting industry in Europe at risk: Citicorp

Last year the close down of Aluminium Delfzijl (Aldel), the only smelter in Netherlands is not considered to be the last. That is what Citicorp’s David Wilson says. With an overall capacity of 110,000 metric tons annually, the smelter announced its closure after the owners was not able to negotiate...

AMAG Austria Metall wins a multi-year contract with Boeing aluminium
21 JAN 20141MINS

AMAG Austria Metall wins a multi-year contract with Boeing aluminium

AMAG Austria Metall has won a multi-year contract worth hundreds of millions of dollars to supply aircraft maker Boeing with aluminium sheets and strips, it said. "With the success of this contract, the years-long partnership with Boeing will be expanded on the basis of significantly greater supply...

Germany reaches a mark of 89% with the recycling of aluminum packaging
20 JAN 20141MINS

Germany reaches a mark of 89% with the recycling of aluminum packaging

Already at a high level, the recycling of aluminium packaging in Germany reached a new peak in 2012, according to a study from the CVM Society for Packaging Market Research. A total of 83 500 tonnes of the 93 800 tonnes used, or 89%, was recycled in that year. 'The high rates of recycling show that...

Montenegro introduces tender for bankrupt KAP aluminium plant
20 JAN 20142MINS

Montenegro introduces tender for bankrupt KAP aluminium plant

Montenegro on Saturday launched a tender to sell the partially state-owned KAP aluminium plant, its biggest industrial employer, which has been declared bankrupt, an official said. The country hopes to get at least 28 million euros ($38 million) for the Aluminium Company Podgorica (KAP) and its...

Norsk Hydro ASA upgraded to “Buy” rating
19 JAN 20141MINS

Norsk Hydro ASA upgraded to “Buy” rating

Norsk Hydro ASA (NASDAQ:NHYDY) was upgraded by investment analysts at Societe Generale from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. Other equities research analysts have also recently issued reports about the stock. Analysts at...

Aluminum industry in Europe under threat from low prices and high costs
16 JAN 20142MINS

Aluminum industry in Europe under threat from low prices and high costs

Aluminum smelters in Germany and Spain are under the threat of closing down due to low prices of London Metal Exchange, excessive regulation and high power costs, an industry analyst said. Europe's strict labour and high energy costs and environmental laws have made it unprofitable to produce the...

Constellium to invest up to €200 million to add Body-in-White production capacity in Europe to meet growing automotive demand
16 JAN 20142MINS

Constellium to invest up to €200 million to add Body-in-White production capacity in Europe to meet growing automotive demand

Constellium N.V. announced today that the company plans to invest up to €200 million over the next three years to further grow its European Body-in-White (BiW) business. Constellium offers to the automotive industry a portfolio of aluminium flat rolled products, targeted to meet our customers’...

The Aluminium Federation urges British govt to trim energy taxes
15 JAN 20141MINS

The Aluminium Federation urges British govt to trim energy taxes

Aluminium makers insisted that the Government trims “punitive” energy taxes at a meeting yesterday with Michael Fallon, Business and Energy Minister. The concern of Aluminium Federation (ALFED) is UK firms are increasingly uncompetitive when compared to Chinese, European and Indian businesses. They...

International Aluminium Die-casting Award 2014: winners announced
14 JAN 20141MINS

International Aluminium Die-casting Award 2014: winners announced

The winners of the International Aluminium Die-casting Award 2014 were announced at EUROGUSS 2014 in Nuremberg. Prizes were awarded for three castings, with a further three castings receiving special commendations. It was the sixth time the competition had been held and it was organised this year...

Four Companies make a bid for the aluminium producer KAP
14 JAN 20142MINS

Four Companies make a bid for the aluminium producer KAP

On Friday a court said four companies have bid to purchase various assets of bankrupt KAP aluminium plant of Montenegro. The Balkan country is making every attempt to unburden one of the important exporters who had to face a huge number of losses. The bankruptcy management officials at Kombinat...

Alcoa foresees an aluminium surplus despite steady demand
14 JAN 20142MINS

Alcoa foresees an aluminium surplus despite steady demand

Alcoa Inc. is very optimistic about the demand for aluminium in the year 2014, according to its initial forecast released with its results. It expects that demand for white metal will increase by 7% this year, keeping a match with the growth of last year. Though the forecast says China’s demand...

Rusal Armenal increases aluminum foil production 5,2% for Jan-Nov 2013
12 JAN 20141MINS

Rusal Armenal increases aluminum foil production 5,2% for Jan-Nov 2013

The sole producer of aluminum foil in Armenia , CJSC Rusal-Armenal Plant, increased production 5,2% for Jan- Nov 2013 versus the same period of 2012 - up to 25,375 thousand tons of foil, the National Statistical Service reported. Foil rolling for Jan- Nov 2013 grew 1.1% to 17,8 tons (17.6 tons for...

Wagstaff Inc.to commission its 1000th billet casting system in 2014
12 JAN 20141MINS

Wagstaff Inc.to commission its 1000th billet casting system in 2014

In spring 2014, Wagstaff Inc. will commission its 1000th billet casting system. The system will be delivered to the Steinacher Group from Austria – the largest privately owned Aluminium remelt producer in Europe. The multi-strand casting system, equipped with Wagstaff AirSlip Billet Casting...

Aluminum Premiums at all-time highs
10 JAN 20141MINS

Aluminum Premiums at all-time highs

”Aluminum premiums, or costs to get metal out of storage, have soared to all-time highs in the United States with Europe and Asia close behind as smelters shut and spare metal is snatched up by traders for collateral in financing deals,” reports Reuters. “The rise in premiums highlights the London...

Amtek India acquires Germany's Kuepper Group
06 JAN 20143MINS

Amtek India acquires Germany's Kuepper Group

Amtek India is acquiring substantial stake in Germany based Kuepper Group for an undisclosed amount , the company said in a filing with BSE. However a piece in ET states the acquisition price to be at EUR 200 Mn. The company would be floating an SPV for the purchase and financing will be through...

Aluminium company Aldel reports bankruptcy
31 DEC 20132MINS

Aluminium company Aldel reports bankruptcy

Aluminum company Aldel in Delfzijl went bankrupt. 300 Dutch employees will lose their jobs. In addition, 250 people with temporary contracts and 300 people with supply companies will be laid off.In the past few weeks the company has been unable to find funders for the current operating deficit of...

Sapa aluminium workers in Bedwas await job news
30 DEC 20132MINS

Sapa aluminium workers in Bedwas await job news

Workers at an aluminium plant near Caerphilly are waiting to see if their jobs are still at risk as the official consultation on its closure ends. Sapa Aluminium began talks with its 132 employees at Bedwas last month. The firm has blamed the move on "significant changes" in market conditions and...

Aluminium physical premiums have risen in Q4 due to proposed new LME rules
26 DEC 20135MINS

Aluminium physical premiums have risen in Q4 due to proposed new LME rules

Aluminium physical premiums have risen in Q4 due to weakness following the announcement of proposed new LME rules in July, said Barclays Capital in a research note. According to Barclays, they believe downward pressure will be reasserted once the new rules kick in from May 2014, counteracting the...