NewsEuropePage 230

Grow with
AL Circle

KNOW MORE
Aluminum trader Bermann sells trading firm he founded after Glencore
23 JUL 20132MINS

Aluminum trader Bermann sells trading firm he founded after Glencore

Veteran aluminum trader Josef Bermann has sold his stake in JB Commodities AG, severing ties with the base metals merchant firm he set up almost ten years ago after leaving Glencore, the company said. Bermann is no longer associated with JB Commodities AG and JB Commodities (Overseas) Ltd, the...

Norsk Hydro maintains aluminum volumes amid push to cut costs
22 JUL 20132MINS

Norsk Hydro maintains aluminum volumes amid push to cut costs

Norsk Hydro ASA, Europe’s third-largest aluminum maker, will maintain production volumes as it closes in on a cost-reduction target and global oversupply of the lightweight metal eases. “We have no plans to cut additional capacity at the moment,” Chief Executive Officer Svein Richard Brandtzaeg...

Fata Aluminum launches two Sand Regeneration Plants
22 JUL 20132MINS

Fata Aluminum launches two Sand Regeneration Plants

Fata Aluminum recently supplied Montupet with two thermal Sand Regeneration plants. Production was launched with a first plant at the beginning of 2012, at the Laigneville foundry in France, to regenerate the facility's entire sand requirements. The plant, which regenerates sand from the Cold Box...

European spot offers of aluminum alloy push higher on further insolvency rumors
22 JUL 20133MINS

European spot offers of aluminum alloy push higher on further insolvency rumors

Spot offers of aluminum alloy in Europe have pushed higher this week as rumors of additional insolvencies continued to circulate in the market. Prices for commodity grade standard 226 aluminum alloy have risen by around Eur80-100/mt ($105-131/mt) in Germany, Europe's key market, since news that a...

Norsk Hydro's part-owned Slovalco smelter signs Letter of Intent for power supply
22 JUL 20131MINS

Norsk Hydro's part-owned Slovalco smelter signs Letter of Intent for power supply

Norsk Hydro's part-owned aluminium smelter in Slovakia, Slovalco, has signed a Letter of Intent (LoI) for power supply with Slovenské Elektrárne. The LoI covers electricity supply over an eight-year period from January 1, 2014, with a total delivery of 19 terawatt hours (TWh). Since entering into...

Aluminium Closures – Turn 360° the all-round sector focus
19 JUL 20133MINS

Aluminium Closures – Turn 360° the all-round sector focus

The information campaign to promote awareness of aluminium closures, Turn 360° has been extended from wine to take in new content on the wide range of bottled products using this form of closure, including spirits, water and oils. These new contents, underscore yet again the campaign’s proactive...

New Sasol O&S Tri-ethyl aluminium production plant proves concept
18 JUL 20131MINS

New Sasol O&S Tri-ethyl aluminium production plant proves concept

Sasol Olefins&Surfactants (O&S) announced today that it has reached an important milestone in the expansion of its capabilities with the production of its new ALCAT®TEAL highly purified tri-ethyl aluminium product. Production at the new TEAL plant in Brunsbüttel, Germany, which went on-line in June...

Innovation from Sapa Building System pushes boundaries of sustainability
18 JUL 20132MINS

Innovation from Sapa Building System pushes boundaries of sustainability

The most cost-efficient aluminium Passivhaus window on the market is now available from Sapa Building System, one of Europe’s largest suppliers of environmentally sustainable and energy-efficient aluminium building system solutions. Avantis 95 is a state-of-the-art window system which has been...

European stocks advance on Alcoa results, Greek relief
18 JUL 20134MINS

European stocks advance on Alcoa results, Greek relief

European stocks rose on Tuesday as investors took their cue from better-than-expected earnings from US aluminium giant Alcoa and after the eurozone released of billions of euros in fresh aid for Greece, dealers said. The optimism stayed high even as the International Monetary Fund slashed its...

Montenegrin prime minister urged to save bankrupt aluminum plant, KAP
18 JUL 20132MINS

Montenegrin prime minister urged to save bankrupt aluminum plant, KAP

Montenegrin Prime Minister Milo Djukanovic on Tuesday blamed parliament for stalling the rescue of the bankrupt Podgorica Aluminum Plant, KAP. Djukanovic said owing to the lack of cooperation between parliament, the state run Power Industry and the factory, the government had been forced to halt...

Tight margins cause mounting casualties in secondary aluminium
17 JUL 20132MINS

Tight margins cause mounting casualties in secondary aluminium

The gloss has come off the secondary aluminium markets in the UK and Europe this year, and we are now beginning to see the cracks that have been forecast since producers started struggling for an adequate margin last year. During its daily conversations with market participants, Metal Bulletin has...

Alufoil Trophy 2014: A chance to “shine’’ in aluminium foil
17 JUL 20132MINS

Alufoil Trophy 2014: A chance to “shine’’ in aluminium foil

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,...

Alcoa to close fusina smelter in Italy
16 JUL 20132MINS

Alcoa to close fusina smelter in Italy

Alcoa announced today that it intends to permanently close its Fusina (Venice, Italy) primary aluminum smelter, which has been curtailed since June 2010. The planned closure will reduce Alcoa’s global smelting capacity of 4.2 million metric tons per year by 44,000 metric tons. The intended closure...

Contest for lighter-weight metals helps auto makers
16 JUL 20137MINS

Contest for lighter-weight metals helps auto makers

Car makers turning to aluminum, at the expense of steel, to make lighter vehicles have steelmakers fighting back with major new investments to preserve market share in one of their most valuable markets. The metals-contest comes as auto makers look to build lighter cars, which tend to be more fuel...

Novelis announces across-the-board price increase for automotive aluminium sheet products in Europe
15 JUL 20132MINS

Novelis announces across-the-board price increase for automotive aluminium sheet products in Europe

Novelis today announced a price increase of 160 Euro per ton for all of its automotive aluminium sheet products in Europe. The price change is effective immediately for all new orders not covered by current supply agreements. “The price increase announced today reflects the strong demand for our...

European aluminum alloy spot demand slow, prices inch higher
15 JUL 20133MINS

European aluminum alloy spot demand slow, prices inch higher

Spot demand for secondary aluminum in Europe was seasonably low this week as inquiries slowed ahead of the summer vacations and manufacturing turnarounds. Prices in Europe have firmed slightly, consolidating the move higher after a major German alloy producer, Oetinger, filed for insolvency June...

TRIMET interested to buy aluminum smelter & casting facility in France
15 JUL 20131MINS

TRIMET interested to buy aluminum smelter & casting facility in France

German aluminum producer TRIMET is interested to purchase St. Jean-de-Maurienne aluminum smelter and Castelsarrasin casting facility in France, which are both owned by Rio Tinto Alcan. This was confirmed by Jacynthe Côté, CEO of Rio Tinto Alcan, who said they received a binding offer from TRIMET....

Contest for Lighter-Weight Metals Helps Auto Makers
11 JUL 20137MINS

Contest for Lighter-Weight Metals Helps Auto Makers

Car makers turning to aluminum, at the expense of steel, to make lighter vehicles have steelmakers fighting back with major new investments to preserve market share in one of their most valuable markets. The metals-contest comes as auto makers look to build lighter cars, which tend to be more fuel...