NewsEuropePage 242

Grow with
AL Circle

KNOW MORE
Hydro Slumps on Concern Price Slide to Damp Earnings: Oslo Mover
26 OCT 20123MINS

Hydro Slumps on Concern Price Slide to Damp Earnings: Oslo Mover

Norsk Hydro ASA (NHY), Europe’s third- largest aluminum maker, fell the most in 11 months in Oslo trading on concern weak aluminum prices will continue to weigh on earnings. Shares in the Oslo-based company fell as much as 6.6 percent, the most since November 2011, and were down 4 percent at 25.83...

Norsk Hydro sees tough market extending through 2013
26 OCT 20124MINS

Norsk Hydro sees tough market extending through 2013

Norsk Hydro ASA sees another tough year in aluminium markets, and with economic uncertainty and low metals prices any improvement in its results has to come from its own cost-cutting efforts. The Norwegian group swung to a net loss in the seasonally weak third quarter, weighed down by depressed...

EU Commission looking into China firms over aluminium foil duties
26 OCT 20122MINS

EU Commission looking into China firms over aluminium foil duties

The European Commission is investigating whether Chinese producers of aluminium foil are evading anti-dumping duties imposed by the European Union in 2009, it said on Tuesday. The EU executive said there was evidence that tariffs imposed in 2009 were being circumvented by China exporting rolls of...

Hydro Slumps on Concern Price Slide to Damp Earnings: Oslo Mover
25 OCT 20123MINS

Hydro Slumps on Concern Price Slide to Damp Earnings: Oslo Mover

Europe’s third- largest aluminum maker, fell the most in 11 months in Oslo trading on concern weak aluminum prices will continue to weigh on earnings. Shares in the Oslo-based company fell as much as 6.6 percent, the most since November 2011, and were down 4 percent at 25.83 kroner as of 3:26 p.m....

Floating premiums obstruct value-added aluminum talks
18 OCT 20122MINS

Floating premiums obstruct value-added aluminum talks

Manufacturers of value-added aluminum products haven’t been making much headway in terms of securing long-term supply contracts for next year, a European producer of value-added products told AMM sister publication Metal Bulletin "We’ve not started closing transactions for next year yet," the...

Hammerer Aluminium commissions batch homogenizing plant
18 OCT 20121MINS

Hammerer Aluminium commissions batch homogenizing plant

Hertwich Engineering from Braunau, Austria recently commissioned another batch homogenizing plant at Hammerer Aluminium Industries in Ranshofen of Austria. The new homogenizing plant is already the second of its kind in the HAI casthouse. Billet diameters from 153 mm to 381 mm and billet lengths of...

Hydro and Orkla to form the world's leading aluminium solutions provider
16 OCT 20123MINS

Hydro and Orkla to form the world's leading aluminium solutions provider

Norsk Hydro ASA and Orkla ASA have agreed to combine their respective profiles, building systems and tubing business, creating the world's leading aluminium solutions provider. The new combined company, to be named Sapa, will be a 50/50 joint venture owned by Hydro and Orkla. br> The agreement...

Qatalum takes part in Aluminium 2012 in Germany
16 OCT 20122MINS

Qatalum takes part in Aluminium 2012 in Germany

Qatar Aluminium (Qatalum) has taken part in the world's leading international trade fair, Aluminium 2012, which was held in Messe Dusseldorf, Germany, from the 9th to the 11th of October. This year, roughly 25,000 visitors from 100 countries attended, to see 950 visitors across 75,000 sq metres of...

Rio Tinto to sell aluminium plant in French Alps
16 OCT 20123MINS

Rio Tinto to sell aluminium plant in French Alps

Reuters reported that Rio Tinto is pushing ahead with plans to sell a century old aluminium plant in the Alps of southeast France as the global mining group continues its retreat from a struggling aluminium sector. The group's Rio Tinto Alcan division that operates the Saint Jean de Maurienne plant...

Novelis Wins Three European Aluminium Awards in Aluminium 2012
12 OCT 20122MINS

Novelis Wins Three European Aluminium Awards in Aluminium 2012

Novelis, the global leader in aluminium rolling and recycling, was awarded with the prestigious Jury Prize and two Special Prizes at the 2012 European Aluminium Awards yesterday during the Aluminium 2012 Trade Fair in Dusseldorf, Germany. Novelis receives Jury Prize at European Aluminium Innovation...

Canada Stocks Fall to 1-Month Low as Alcoa Cuts Aluminum Outlook
12 OCT 20122MINS

Canada Stocks Fall to 1-Month Low as Alcoa Cuts Aluminum Outlook

Canadian stocks fell to the lowest level in almost five weeks after Alcoa Inc. cut its aluminum outlook on weakening demand in China, the world’s biggest commodities consumer. Niko Resources Ltd., an oil and gas explorer, slumped 8.5 percent. Enbridge Inc. (ENB) retreated 1 percent. AuRico Gold...

Rio Tinto seeks bids for French aluminium plant
11 OCT 20123MINS

Rio Tinto seeks bids for French aluminium plant

Rio Tinto (RIO.L) is pushing ahead with plans to sell a century-old aluminium plant in the Alps of southeast France as the global mining group continues its retreat from a struggling aluminium sector. The group's Rio Tinto Alcan division that operates the Saint-Jean-de-Maurienne plant told Reuters...

Norton Aluminium rescue deal saves 65 jobs
09 OCT 20121MINS

Norton Aluminium rescue deal saves 65 jobs

Cannock-based Norton Aluminium has been bought out of administration, saving the jobs of the 65-strong workforce. Andrew Haslam, Gerald Krasner and Gary Lee of Begbies Traynor were appointed as joint administrators of NAL Realisations (Staffordshire) Ltd, which traded as Norton Aluminium, on 18...

Sardinia govt to meet Enel on cheaper power for Alcoa smelter
09 OCT 20121MINS

Sardinia govt to meet Enel on cheaper power for Alcoa smelter

The Sardinia region's government will discuss ways with energy group Enel to reduce the price of power for Alcoa's Italian plant, the Sardinia region president Ugo Cappellacci said on Tuesday. A discounted energy price for Alcoa could help entice a buyer for the smelter, which U.S. aluminum maker...

Alcoa Adopts New Pricing Mechanism Tied to Physical Ingot Premiums
09 OCT 20123MINS

Alcoa Adopts New Pricing Mechanism Tied to Physical Ingot Premiums

It was inevitable, really – we have written several times this year on the rising spot premiums for physical delivery of primary aluminum ingot. Japan has seen the greatest surge in premiums, but Europe and even the U.S. Midwest ingot price have not been far behind. Of course in the U.S., consumers...

Italy says Glencore request for cheap power for Alcoa plant not acceptable
09 OCT 20122MINS

Italy says Glencore request for cheap power for Alcoa plant not acceptable

Italy said on Thursday it could not accept requests to provide deeply discounted energy prices to Swiss commodities trader Glencore if it were to agree to purchase the Italian smelter being closed by U.S. aluminium maker Alcoa. In a statement, the Italian Industry Ministry said Glencore's request...

Germany's insolvent Voerde Aluminium to continue production
09 OCT 20122MINS

Germany's insolvent Voerde Aluminium to continue production

Creditors of insolvent German aluminium plant Voerde Aluminium have voted for it to continue production at least until the end of this year while the search for a buyer continues, Voerde's administrator said on Thursday. The Voerde smelter, which produces 115,000 tonnes of aluminium annually,...

Aluminium group Trimet reports loss in first quarter
09 OCT 20121MINS

Aluminium group Trimet reports loss in first quarter

For the first time in its history, the German aluminium concern Trimet has reported a loss. Despite full order books, the Essen-based company posted a loss of €44.4m for the business year ended 30 July, the company said on Friday. A year earlier, the Trimet group reported earnings of €32.6m. The...