NewsEuropePage 239

Grow with
AL Circle

KNOW MORE
UAE's aluminium exports grow 102% in H1 2012
31 DEC 20124MINS

UAE's aluminium exports grow 102% in H1 2012

United Arab Emirates’ total exports of aluminium and its products rose by 102% (US$ 1.5 billion) during the first half of 2012 in comparison with the same period in 2011, a study released today by the Ministry of Foreign Trade (MoFT) has revealed. The growth is a continuation of previous increases...

November world aluminum stocks down 87,000 tons at 2.258m tons
31 DEC 20121MINS

November world aluminum stocks down 87,000 tons at 2.258m tons

Total world aluminum inventories in November fell by 87,000 metric tons from the previous month to 2.258 million tons, according to figures released Thursday by the International Aluminum Institute. World stocks in October stood at 2.345 million tons. November stocks were down 143,000 tons compared...

European physical aluminium slow as seasonal holiday approaches
25 DEC 20122MINS

European physical aluminium slow as seasonal holiday approaches

Spot demand in the European physical aluminium market remains weak with little market activity reported as the seasonal holiday approaches. "There's nothing going on. Just a little end of year stuff," said one European trader. The trader said that business had pretty much been completed for the...

The European Commission renders legally binding commitments from Rio Tinto Alcan
23 DEC 20122MINS

The European Commission renders legally binding commitments from Rio Tinto Alcan

The European Commission has adopted a decision that renders legally binding the commitments offered by Rio Tinto Alcan to address concerns raised by the Commission about competition on markets for aluminium smelting equipment. The Commission was concerned that the company may have infringed EU...

Aluminium in surplus during January-October 2012
23 DEC 20122MINS

Aluminium in surplus during January-October 2012

World Aluminium markets remained in a surplus of 143000 tonnes in the first ten months of 2012, this was following a surplus of 1.87 million tonnes recorded in the full year ended 2011. World Bureau of Metal Statistics (WBMS) said that total reported stocks were 7.23 million tonnes at the end of...

Alcoa Wins Long-Term Siemens Contract to Supply Blades and Vanes
23 DEC 20122MINS

Alcoa Wins Long-Term Siemens Contract to Supply Blades and Vanes

Alcoa today announced that Alcoa Power and Propulsion (APP) has signed a long-term agreement with Siemens Energy to supply blades and vanes for a wide range of industrial gas turbines. Siemens Energy is one of the world's leading suppliers of products, solutions and services in the energy...

Novelis begun construction on the world's largest aluminum recycling centre in Germany
18 DEC 20122MINS

Novelis begun construction on the world's largest aluminum recycling centre in Germany

Atlanta-based Novelis has begun construction on the world’s largest aluminum recycling and casting centre in Germany. The $250-million facility will be constructed adjacent to the existing Novelis aluminum rolling mill and will produce 400,000 metric tonnes of aluminum sheet ingot from recycled...

Alcoa CEO Klaus Kleinfeld Applauds Bipartisan Effort to Establish PNTR with Russia
17 DEC 20121MINS

Alcoa CEO Klaus Kleinfeld Applauds Bipartisan Effort to Establish PNTR with Russia

Alcoa Chairman and CEO Klaus Kleinfeld praised the bipartisan leadership that led to today's signing of the Russia and Moldova Jackson-Vanik Repeal Act of 2012 in the Oval Office at the White House. President Obama's signature paves the way for Permanent Normal Trade Relations with Russia through...

Dutch port city overtakes Detroit as largest aluminum storage site
17 DEC 20122MINS

Dutch port city overtakes Detroit as largest aluminum storage site

The Dutch port town of Vlissingen stores 1.44 million tons of aluminum in London Metal Exchange warehouses, overtaking Detroit's inventory of 1.42 million tons, Bloomberg News reports. Nic Brown, the head of commodity research at Natixis SA in London is quoted by Bloomberg News as saying Detroit...

70-ton aluminum furnace shipping out of Zeeland
17 DEC 20121MINS

70-ton aluminum furnace shipping out of Zeeland

Zeeland’s StrikoDynarad last week readied a 70-ton aluminum furnace for shipment. For some perspective, that’s 140,000 pounds — heavier than a U.S. Army M1 Abrams Tank and about the top weight of a North Atlantic right whale. StrikoDynarad specializes in devices that melt and handle molten...

European physical aluminium premiums hold steady in range
17 DEC 20122MINS

European physical aluminium premiums hold steady in range

Demand in the European physical aluminium market is still weak with little market activity reported. "It's very quiet and I haven't been talking to traders or suppliers," one European consumer said. He said he was completely covered for December and had now booked most of his requirements for next...

Constellium supports Aluminium Closures campaign
14 DEC 20122MINS

Constellium supports Aluminium Closures campaign

As the worldwide leading supplier of aluminium strip and sheets for the aluminium closures market, Constellium is at the forefront of an ambitious pan-European promotion campaign "Aluminium Closures -Turn 360°", along with the leading European manufacturers of aluminium closures, through the...

LME aluminum should move between USD 2,100-2,130/mt on 14th Dec: SMM Morning Review
14 DEC 20122MINS

LME aluminum should move between USD 2,100-2,130/mt on 14th Dec: SMM Morning Review

The European finance ministers have reached a deal overnight during the two-day EU summit that all banks in the euro zone will come under the ECB supervision, a big step towards banking integration in the region. Greece’s application for the next round of bailout funds was also approved during the...

France considers nationalising a Rio Tinto owned aluminium plant
14 DEC 20122MINS

France considers nationalising a Rio Tinto owned aluminium plant

France is considering nationalising an aluminium plant owned by Anglo-Australian mining group Rio Tinto, Le Monde newspaper reported Wednesday. The potential move is being studied by officials working for Arnaud Montebourg, the Industrial Recovery minister, just 10 days after the government...

Nordic Aluminium resolved to apply for de-listing of its shares
13 DEC 20122MINS

Nordic Aluminium resolved to apply for de-listing of its shares

Oy Lival Ab ("Lival") has submitted a statement of claims in the proceedings related to squeeze-out of minority shares of Nordic Aluminium Oyj ("Nordic Aluminium") on 12 November 2012 pursuant to Chapter 18 of the Companies Act. According to Section 6 of Chapter 18 of the Companies Act, in the...

United Aluminium reveals expansion plans
11 DEC 20121MINS

United Aluminium reveals expansion plans

A manufacturer of retail and exhibition display equipment is looking to expand in Greater Manchester after winning new accounts at home and abroad. United Aluminium has submitted a planning application to expand its purpose-built premises in Middleton with the aim of boosting manufacturing capacity...

Hydro shares fall for a month in Oslo trading
10 DEC 20122MINS

Hydro shares fall for a month in Oslo trading

Norsk Hydro ASA, Europe’s third- largest aluminum producer, fell the most in more than a month in Oslo trading as Nomura International Plc said the company may be over-reliant in its bet on a recovery of metal prices. Hydro, which competes in Europe with United Co. Rusal and Rio Tinto Alcan Inc.,...

Titanium-Aluminum Alloy Cuts Aircraft Weight
09 DEC 20123MINS

Titanium-Aluminum Alloy Cuts Aircraft Weight

Research from the European Space Agency (ESA) has resulted in an aircraft-grade titanium-aluminum alloy that has properties similar to nickel superalloys but weighs half as much. The research was conducted by participants in the Intermetallic Materials Processing in Relation to Earth and Space...