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Further Cuts to European Aluminum Smelting Capacity Likely
20 MAY 20132MINS

Further Cuts to European Aluminum Smelting Capacity Likely

Further production cuts are likely at Europe's aluminum smelters as the industry struggles with high operating costs and low metal prices, Citi's director of metals research and strategy said Thursday. Around 28% of the European Union's aluminum smelters are losing money at current aluminum prices,...

Novelis extends Italian operations
20 MAY 20133MINS

Novelis extends Italian operations

Aluminium rolling and recycling company Novelis has announced the opening of a new aluminium recycling and continuous casting line at its Pieve Emanuele facility in Milan, Italy. The €12 million (£10.1 million) expansion marks the company’s ‘largest single investment in Italy in the past decade’...

Rusal Aluminum Output Falls in First Quarter
16 MAY 20133MINS

Rusal Aluminum Output Falls in First Quarter

United Co. Rusal PLC, the world's largest aluminum producer, said Tuesday that it saw a substantial narrowing in first-quarter losses, as it pushes to cut annual output in a market battling with excess global supply, poor demand and low prices. First-quarter net losses adjusted for the company's...

Commission approves merger in the soft-alloy aluminium extrusion market
16 MAY 20131MINS

Commission approves merger in the soft-alloy aluminium extrusion market

The European Commission, under the EU Merger Regulation, approved the creation of a joint venture between two Norwegian aluminium companies, Norsk Hydro ASA and Orkla ASA's wholly-owned subsidiary Sapa Holding AB. The new entity will be named Sapa. The new merger has already been approved by the...

Global aluminum demand rises 6% to 12 million mt in Q1: Rusal
16 MAY 20132MINS

Global aluminum demand rises 6% to 12 million mt in Q1: Rusal

Global primary aluminum consumption rose 6% year on year to 12 million mt in the first quarter of 2013, aluminum producer Rusal in Russia said Tuesday. China posted the strongest demand growth rate of 11%, supported by a strong 12.81% year-on-year rise in automotive output during the quarter, Rusal...

Apollo-backed aluminum products maker Constellium files for IPO
15 MAY 20132MINS

Apollo-backed aluminum products maker Constellium files for IPO

Apollo-backed Dutch aluminum products maker Constellium Holdco BV said it expects to raise as much as $422 million from its initial public offering. The company plans to price the offering of 22.2 million class A ordinary shares at between $17 and $19 per share, according to a regulatory filing...

Hydro enters gross bidding agreement with Nord Pool Spot
08 MAY 20131MINS

Hydro enters gross bidding agreement with Nord Pool Spot

With an annual power consumption in Norway of around 12-13 TWh from four fully-owned and one part-owned smelter, Hydro is a high-volume player in the Nordic market and active within all instruments on offer at Nord Pool Spot. "Our move to gross bidding will represent a significant increase in...

AMAG core profit slips in first quarter of 2013
08 MAY 20131MINS

AMAG core profit slips in first quarter of 2013

Aluminium group AMAG Austria Metall forecast on Tuesday its earnings may slip in 2013, backing away from its outlook in March for flat profit. "All in all, we expect another successful year from an operational perspective although the factors of influence mentioned above could lead to slightly...

Novelis introduces its first “high recycled content” aluminium production
03 MAY 20132MINS

Novelis introduces its first “high recycled content” aluminium production

International recycler Novelis has launched what it has said is the first independently certified, “high-recycled content” aluminium production. The firms can product, aluminium can body sheets guaranteed to contain at least 90% recycled content, is being offered to European and North American...

SMM Morning Review: LME aluminum should fluctuate between USD 1,800-1,850/mt on 3rd May
03 MAY 20131MINS

SMM Morning Review: LME aluminum should fluctuate between USD 1,800-1,850/mt on 3rd May

Manufacturing activity in Germany and France continued to contract in April. Manufacturing PMI in the euro zone fell to 46.7, pointing to contraction for 21 consecutive months. In order to stimulate economy, the ECB announced it will lower interest rate by 25 basis points to a record low of 0.50%....

Alba welcomes a high-level European parliamentary delegation
02 MAY 20132MINS

Alba welcomes a high-level European parliamentary delegation

Aluminum Bahrain B.S.C. expressed its continuing support for stronger commercial, economic and cultural ties between Bahrain and Europe as it welcomed a seven-member delegation from the European Parliament to the Alba plant on Tuesday, April 29, 2013. The European delegation is on a tour of Bahrain...

ELCOM acquires its distributor in Germany
23 APR 20131MINS

ELCOM acquires its distributor in Germany

The company ELCOM has taken control of his distributor in Germany. With this acquisition, the Isère company which, through its two poles Elcom Elcom Transitique profiles and designs and manufactures modular solutions for the aluminum industry, workstations, conveyors and transfer systems, secures...

Optimism about aluminium fades as economies falter
23 APR 20132MINS

Optimism about aluminium fades as economies falter

As Rio Tinto and Meridian Energy haggle over the price of power for the Tiwai Pt aluminium smelter, optimism about the metal's future has faded in line with modest expectations for world growth, Deutsche Bank says in its quarterly commodities report. The bank said the "considerable" optimism with...

Hydro and Orkla propose remedies to obtain EU clearance
22 APR 20132MINS

Hydro and Orkla propose remedies to obtain EU clearance

Following the agreement between Norsk Hydro ASA and Orkla ASA to combine their respective aluminium extrusion businesses, the European Commission has expressed preliminary concerns regarding the possible competitive effects of the intended merger in certain markets. The concerns relate to...

Bosnia's loss-making Aluminij dips into reserves
22 APR 20132MINS

Bosnia's loss-making Aluminij dips into reserves

Loss-making Bosnian aluminium smelter Aluminij Mostar will dip into capital reserves and may cut more jobs, in an attempt to stay afloat while it tries to access international funding. The general manager of Aluminij, Bosnia's biggest exporter and a major employer, on Friday said he was hopeful...

TRUMPF hosts laser welding of aluminum event
22 APR 20131MINS

TRUMPF hosts laser welding of aluminum event

More than 125 people gathered at TRUMPF’s Laser Technology Center in Plymouth, MI, on April 4, 2013, for a technical seminar on laser joining of aluminum. Attendees learned about autogenous laser joining, the benefits of using filler wire, remote laser welding, and laser joining in the European...

Alumero Group makes Eur 3.8m in revenue from its business in Slovenia
17 APR 20131MINS

Alumero Group makes Eur 3.8m in revenue from its business in Slovenia

Austrian aluminium products maker Alumero Group, which took up production in Slovenia last year on the ashes of aluminium plant Almont, is happy with its business in Slovenia, Alumero boss Manfred Rosenstatter has told the STA. The group made EUR 3.8m in revenues with its Slovenian plant in the...

Abengoa signs an agreement with Novelis to manage aluminium residues at its upcoming new plant
10 APR 20133MINS

Abengoa signs an agreement with Novelis to manage aluminium residues at its upcoming new plant

Abengoa will manage the aluminium residues at the new facility that it will build in the town of Bernburg, in the east of the country, and which will involve an investment of approximately € 30 million. The new Abengoa plant will have a production capacity of 50,000 tonnes of aluminium alloys for...