NewsEuropePage 229

Grow with
AL Circle

KNOW MORE
Rio Tinto invests in French aluminium plant to cut power costs
28 AUG 20132MINS

Rio Tinto invests in French aluminium plant to cut power costs

Rio Tinto has invested nearly 80 million euros in its Dunkirk aluminium plant in the past 18 months and plans to invest at least that much again over the next five years on energy saving and efficiency improvements. The largest aluminium plant in the European Union with 2012 production of 260,000...

European aluminum alloy shows signs of more interest, prices stable
27 AUG 20132MINS

European aluminum alloy shows signs of more interest, prices stable

Spot inquiries picked up slightly in the European aluminum alloy market this week as the summer vacation period began to draw to a close. "The market was OK this week, we had some inquiries where we were able to book some quantities. It was better than last week," said one producer, adding that the...

New metal warehouse rules to pile pressure on aluminium smelters
20 AUG 20133MINS

New metal warehouse rules to pile pressure on aluminium smelters

Proposed rule changes for industrial metals warehouses and increased scrutiny by regulators are likely to unleash stored aluminium, adding to the global surplus and forcing more smelters to shut. The new rules will slash the profitability of financing deals that have locked up metal in London Metal...

Romania’s aluminum producer Alro reported a loss of approx. EUR 3.8 million
19 AUG 20132MINS

Romania’s aluminum producer Alro reported a loss of approx. EUR 3.8 million

Romania’s Alro, a subsidiary of aluminum producer Vimetco, reported a loss of RON 17 million (EUR 3.8 million) in the first semester against a profit of RON 26 million (EUR 6 million) in the same period of last year, citing high energy costs and disappointing aluminum prices that reached fresh...

French secondary aluminum producer Affinage applies for insolvency
13 AUG 20132MINS

French secondary aluminum producer Affinage applies for insolvency

Oetinger's French subsidiary, Affinage de Lorraine, located at Gorcy, also applied for insolvency July 30, legal firm Kebekus and Zimmermann, which is acting as temporary insolvency administrators for Oetinger, told Platts in an email this week. Affinage, which produces about 50,000 mt/year of...

Aluminium Tube celebrates centenary
12 AUG 20132MINS

Aluminium Tube celebrates centenary

Exactly one hundred years ago in 1913 a new technical development made the industrial scale production of aluminium tubes feasible, and marked the start of a unique success story. The First World War then put a temporary stop to any further development of the aluminium tube. But a promising start...

Steady progress for alufoil continues as overall tonnage improves again
08 AUG 20132MINS

Steady progress for alufoil continues as overall tonnage improves again

Cautious optimism prevails among members of the EAFA (European Aluminium Foil Association) after it released its second quarter alufoil results for 2013. Deliveries of aluminium foil products continued to move ahead in the second quarter of 2013, confirming that the recovery in demand seen in 2012...

Aluminum surcharge falling as lawmakers scrutinize long queues for metal
07 AUG 20132MINS

Aluminum surcharge falling as lawmakers scrutinize long queues for metal

The rates to obtain aluminum tumbled the most in 20 months in Europe last month and retreated from a record in the U.S. as lawmakers and regulators scrutinize long lines for metal that buyers say raised their overheads. The surcharge added to the price of aluminum for immediate delivery on the...

EAFA launches Alufoil Trophy 2014
07 AUG 20132MINS

EAFA launches Alufoil Trophy 2014

The launch of the Alufoil Trophy 2014, organised by the European Aluminium Foil Association (EAFA), offers companies the chance to enter and place the spotlight on their latest innovations and technologies using alufoil and alu closures, in the most prestigious competition of its kind. In addition,...

Constellium successfully invests in its French Neuf-Brisach plant’s modernization
31 JUL 20132MINS

Constellium successfully invests in its French Neuf-Brisach plant’s modernization

Constellium N. V., a global leader in the manufacturing of value-added aluminium products has achieved a significant milestone in further enhancing the capacity and performance of one of its main rolling mills, which enhancements were undertaken in order to meet growing customer demand and to...

 International Aluminium Pressure Die Casting Competition 2014  in Düsseldorf, Germany
29 JUL 20132MINS

International Aluminium Pressure Die Casting Competition 2014 in Düsseldorf, Germany

The Gesamtverband der Aluminiumindustrie (GDA) in Düsseldorf, Germany announces the International Aluminium Pressure Die Casting Competition 2014. Partners in organising the competition are the Federation of the German Foundry Industry (BDI) and the European Aluminium Association (EAA). Submissions...

Novelis Hikes Automotive Aluminum Prices in Europe
29 JUL 20132MINS

Novelis Hikes Automotive Aluminum Prices in Europe

The aluminum company Novelis, headquartered in Atlanta, has announced plans to increase the price for all of its automotive aluminum sheet products in Europe y 160 Euros (US$209.45) per ton. The company notes that the price change is effective immediately for all new orders not covered by current...

Trimet to acquire two Rio Tinto Aluminum plants
29 JUL 20132MINS

Trimet to acquire two Rio Tinto Aluminum plants

The German aluminum producer Trimet has agreed to acquire two of Rio Tinto’s aluminum plants in France. The plants had become high-cost producers, and Rio Tinto had been seeking to sell the facilities as a way to reduce its overall costs. The two facilities are located in Saint-Jean-de-Maurienne...

European Commission approves merger of Dubai Aluminum
25 JUL 20131MINS

European Commission approves merger of Dubai Aluminum

The European Commission Tuesday approved the acquisition of joint control over Dubai Aluminium (DUBAL) by DUBAL Holding and Industry Holding Company (MDCI), all of the United Arab Emirates. DUBAL is currently solely controlled by DUBAL Holding. It produces and sells aluminum products. MDCI and...

European Union to offer energy-hungry sectors guidance on long-term power deals
24 JUL 20133MINS

European Union to offer energy-hungry sectors guidance on long-term power deals

The European Union will help energy-hungry industries, such as aluminium smelters, clinch long-term electricity deals to lure back major employers that have quit the bloc partly because its power is so expensive. The offer of free guidance by the European Commission (EC) is part of a...

Fuel Efficiency Target to Impact auto sector steel demand in  Europe and the US
23 JUL 20132MINS

Fuel Efficiency Target to Impact auto sector steel demand in Europe and the US

Tough new vehicle fuel-efficiency targets in Europe and the US are likely to lead to lower sales volumes for steel companies, Fitch Ratings says. But higher prices for lighter, stronger steels should favour well-funded manufacturers that have the resources to invest in product development over...

Spanish aluminum recycler Befesa sold to triton
23 JUL 20132MINS

Spanish aluminum recycler Befesa sold to triton

Spanish aluminum alloy producer and waste recycler Befesa has been sold for Eur331 million by its parent company, Abengoa, to investment funds run by Triton Partners, according to a statement issued Monday. After net debt adjustments, the total equity to Abengoa was Eur620 million, the company...

June World Aluminum Output 2.042 Mln Tons, Down 70,000 Tons
23 JUL 20131MINS

June World Aluminum Output 2.042 Mln Tons, Down 70,000 Tons

Total world aluminum production in June fell by 70,000 metric tons to 2.042 million tons, according to figures released Monday by the International Aluminum Institute. World production in May stood at 2.112 million tons. June production was up 12,000 tons compared with the same month of 2012, when...