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Aluminium scrap will be a big issue for secondary smelters in 2014
01 NOV 20133MINS

Aluminium scrap will be a big issue for secondary smelters in 2014

UK secondary aluminium producers are preparing for a difficult scrap market in 2014, with tightness expected across international markets and no expectations of lower prices to come. “Scrap will be an issue next year – we’re trying to maintain sensible stock levels until the new year, but when we...

Iceland seeks UK funding for subsea cable project
29 OCT 20133MINS

Iceland seeks UK funding for subsea cable project

Iceland's president Olafur Grimsson is expected this week to call on the British government to provide financial support for the construction of a £4.3bn subsea electricity cable – which will be the longest in the world – linking his country to the UK's electricity grid. The ambitious project,...

KAP employees threaten to block aluminum exports
28 OCT 20131MINS

KAP employees threaten to block aluminum exports

Former and current employees of the Aluminum Plant Podgorica (KAP ), who are entitled to retirement , will block on November 4, exports of aluminum, if the issue of their retirement is not solved until then.A representative of the workers, Radovan Toškovic says that workers don’t know what will...

Bosnia Aluminij seals debt-settlement deal to avoid closure
24 OCT 20132MINS

Bosnia Aluminij seals debt-settlement deal to avoid closure

Aluminij Mostar, Bosnia's sole aluminium smelter, clinched a deal on Tuesday to settle its debt to state-run power company EPHZHB and stave off closure. Aluminij, a mainstay of Bosnia's economy, began a gradual shutdown of its smelter on Oct. 15 after EPHZHB froze its bank accounts in a dispute...

Constantia Flexibles Leads at Alufoil Awards
22 OCT 20133MINS

Constantia Flexibles Leads at Alufoil Awards

Once again, Constantia Flexibles receives most recognitions at European Aluminium Foil Association’s Alufoil Awards. The company’s foil-based products were honored in four main categories, plus a special discretionary award. Constantia Flexibles, a global corporation that develops, manufactures and...

Canadian aluminium industry satisfied with free trade agreement with Europe
22 OCT 20132MINS

Canadian aluminium industry satisfied with free trade agreement with Europe

“The free trade agreement with Europe is an unprecedented growth opportunity for the Canadian aluminium industry because it will drive the gradual elimination of tariffs on aluminium imports, such as, 7% on rods, 6% on billets, foundry and slabs, as well as 3% on remelt,” said Jean Simard,...

European Court of Justice (ECJ) asks Italy to take back $398 million state aid given to Alcoa
21 OCT 20134MINS

European Court of Justice (ECJ) asks Italy to take back $398 million state aid given to Alcoa

Italy was Thursday directed by Europe's highest court to take back about 295 million euros ($398 million) of state aid given to U.S. aluminium producer Alcoa Inc in the form of preferential power tariff as it had given the company unfair advantage over rivals. Upholding a decision by the European...

Bosnia government proposes to help Aluminij Mostar avoid closure
21 OCT 20132MINS

Bosnia government proposes to help Aluminij Mostar avoid closure

Bosnia's regional government said on Friday it had made proposals to help aluminium smelter Aluminij Mostar settle a debt to state-run power utility EPHZHB and stave off the company's closure. Aluminij, a mainstay of Bosnia's economy, began to shut down its smelter on Tuesday after Mostar-based...

European secondary Aluminium flat as market makes 2014 plans
21 OCT 20132MINS

European secondary Aluminium flat as market makes 2014 plans

European secondary aluminium ingot prices stayed flat on Friday October 18, with activity slowing ahead of negotiations over 2014 supply contracts. “It’s still a little early to sign 2014 contracts, but that will happen in the next two or three weeks,” a producer in north Europe said. DIN226...

Midas Holdings bags $45m in train contracts
17 OCT 20131MINS

Midas Holdings bags $45m in train contracts

MIDAS Holdings, which makes aluminium parts for trains, has bagged $45 million in contracts for train projects in Europe and China. The company said yesterday that the European contracts worth 17.7 million euros (S$30 million) are for two major train projects in Europe, with delivery expected...

Pending decision over aluminium remelting capacity will hit premiums in 2014
17 OCT 20133MINS

Pending decision over aluminium remelting capacity will hit premiums in 2014

Aluminium remelters that have curtailed capacity due to razor-thin margins are on the brink of bringing that capacity back into operation, and whether they do so will have a strong impact on aluminium supply and premiums next year. “When we analyse the supply side, we see significant remelting...

Norsk Hydro launches $1.5 bln loan refinancing
17 OCT 20132MINS

Norsk Hydro launches $1.5 bln loan refinancing

Norwegian aluminium company Norsk Hydro has launched syndication of a $1.5 billion loan to refinance an existing undrawn $1.7 billion facility that is due to mature in July 2014, banking sources said on Wednesday. The financing is for five years with two one-year extension options. BBB/Baa2 rated...

Bosnia's Aluminij smelter starts shutdown over bankruptcy
17 OCT 20133MINS

Bosnia's Aluminij smelter starts shutdown over bankruptcy

The aluminium maker Aluminij Mostar, a crucial pillar of Bosnia's economy, began shutting down its smelter on Tuesday and said it would be forced into bankruptcy unless the government helped it settle a debt to the state-owned power company. The company, EPHZHB, succeeded on Monday in freezing...

"Low cost production areas will be the growth areas in the near term: The Simonsen Brothers"
15 OCT 20136MINS

"Low cost production areas will be the growth areas in the near term: The Simonsen Brothers"

“We do not think there will be any dramatic change in the LME situation in the near term…But I must say that the low cost production areas will be the growth areas…” Mr. Morten Simonsen, Managing Director, Mr. Klaus Simonsen, Technical Director, Simonsen, Denmark. AlCircle Team had the opportunity...

The Inspiro train from Siemens to sport aluminium floor with 95% recycling rate
15 OCT 20131MINS

The Inspiro train from Siemens to sport aluminium floor with 95% recycling rate

German manufacturers Siemens, unveiled their concept for how the next tube in the future might look. The Inspiro train, which could potentially be manufactured in Britain, weighs a third less than most trains running in the UK today. Following on from the Inspiro that was launched two years ago for...

JLR sales up 17% in September 2013
15 OCT 20132MINS

JLR sales up 17% in September 2013

Taking the period January to September 2013, Jaguar Land Rover experienced a 16% increase in sales as they sold 312,834 units during the nine month period. The company has experienced increased demand in all major regions. Sales across China increased 46% while sales in Asia Pacific increased 29%,...

Voerde Aluminium's creditors agree to continue production till 2014 end
15 OCT 20131MINS

Voerde Aluminium's creditors agree to continue production till 2014 end

Creditors of insolvent German aluminium plant Voerde Aluminium voted to extend production to the end of next year while the search for a buyer continues, a spokesman for Voerde's insolvency administrator said on Monday. The Voerde smelter, which makes about 10 percent - or 115,000 tonnes - of...

Alcoa hits out over LME policy changes
10 OCT 20133MINS

Alcoa hits out over LME policy changes

Aluminium producer says the exchange's 'irresponsible' move to overhaul warehousing has led to confusion and a drop in premiums. Global aluminium premiums have fallen because of "confusion" over the London Metal Exchange's proposal to overhaul its warehousing policy, Alcoa chief financial officer...