AL Circle Analysis: Import rise meets demand growth on aluminium extrusion chessboard
Aluminium’s downstream trade network is getting more fragmented as import dependence, changing end-use demand and trade-policy interventions reshape regional markets. From North America and Europe to Asia-Pacific, the aluminium industry is navigating a market where access to supply, competitive...
US industrial policy needs to be systematic, not just ad hoc – Part 2
Our current approach can win economic skirmishes, but not the geopolitical conflict. – Part 2 Impact #5 of ad hoc industrial policy: Failing to use all required tools Industrial policy is often caricatured as just tariffs and subsidies. Mis-framed debates that evaluate the merits of tariffs in...
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Century Aluminum company announces proposed offering of senior secured notes
Century Aluminum Company announced a proposed offering of $250 million aggregate principal amount of senior secured notes due 2021. Century also announced today that it has commenced a cash tender offer for any and all of its $249,603,550 outstanding principal amount of 8% Senior Secured Notes due...
Alcoa discloses details on aluminum production cuts as prices rise
Alcoa announced last week that it is closing two potlines at its Baie-Comeau smelter in Quebec- 105,000 tonnes of annual production- scheduled to close by August. It is the first tranche of a total 460,000 tonnes of capacity placed under review by Alcoa at the start of May. “Given the company said...
Orbite shares bounce as new directors assume board positions
Following the immediate appointment of three independent directors to Canadian alumina producer Orbite Aluminae’s board, the company’s TSX-listed shares on Tuesday jumped more than 28% in value to make up some of the ground it had lost since the start of the year. Orbite announced that Peter...
Mixed feelings on Alcoa’s stewardship of the Yadkin river
Alcoa, the American aluminium giant, pays a lot of attention to the environment when it comes to its various smelting, mining and refining operations around the world, but the company is facing criticism from some quarters over its stewardship of the Yadkin River in North Carolina. The company owns...
Modernization of Baie-Comeau Smelter
Alcoa announced today it is postponing construction of a new potline at its Baie-Comeau smelter in Québec as part of a revised modernization plan for the smelter, but will begin preparations for the upgrade by investing $100 million in the smelter over the next three years and by permanently...
Aleris says Big Rivers rate increase would impact aluminum rolling mill
Aleris International, a US rolled products manufacturer, is warning that planned power rate increases by Big Rivers Electric will make it more difficult for Aleris' aluminum rolling mill in Hancock County, Kentucky, to compete in a challenging economy. Big Rivers, a Henderson, Kentucky-based...
Indital USA Announces New Line of Aluminum Stair Parts and Railings to Already Impressive Product Line
Indital USA, a leading supplier of high-quality and affordable staircase components, announced the launch of its new aluminum railing line this week. Indital offers customers an existing variety of wrought iron and stainless steel railing parts, which allows for greater design flexibility for...
Kobe Aluminum Breaks Ground on New Expansion
Governor Steve Beshear yesterday joined company and local officials at Kobe Aluminum Automotive Products LLC (KAAP) in Bowling Green to break ground on the company’s second expansion in recent months. Kobe Aluminum plans to add an 87,000-square-foot building, resulting in 100 new, full-time jobs...
Alcoa to close two aluminum smelting lines in Quebec,eliminating 500 jobs
Alcoa will eliminate about 500 jobs by permanently closing two potlines this summer at its smelter in Baie-Comeau, Que., while also delaying construction of more efficient facilities at the smelter for three years. The company said Thursday that the job cuts will be made through retirements and...
Kobe Aluminum To Expand In Bowling Green, Ky., Create 100 Jobs
Kentucky Governor Steve Beshear today joined company and local officials to break ground on an 87,000 square foot addition to Kobe Aluminum Automotive Products (KAAP), LLC advanced manufacturing facility in Bowling Green, representing $66 million of new capital investment and the addition of 100...
A-FAB Initiatives, Inc. launches new website for aluminum extrusion manufacturers
A-FAB Initiatives, Inc., a fabrication services provider for aluminum extrusions in the United States, is launching a brand new web platform to build greater connectivity with manufacturers and producing mills across the country. At the platform, manufacturers, production mill workers and potential...
Aluminium to be on the spotlight at Intersolar North America
Hydro Aluminum will put aluminum in the spotlight at its Intersolar North America exhibition stand, booth 9129. The company says many of the technical qualities of the light metal are relevant for a range of applications linked to the solar industry, making aluminum highly competitive in comparison...
Orbite shuffles management to broaden its top management team
Orbite Aluminae Inc., developing pilot-scale alumina production based on the Gaspé region’s clay deposits, is broadening its top management team. Glenn R. Kelly, who has led Quebec City’s CO2 Solutions Inc., a Quebec City developer of carbon capture technology, over the past four years, was named...
Auto demand for aluminium leads to Tennessee expansion
To meet the growing demand for light, durable, and recyclable aluminum sheet for automotive production, Alcoa announced last week that it will expand its rolling mill in Tennessee. The expansion represents a $275 million investment over the next three years and will add 200 permanent full-time jobs...
Two cases of fire at Chester aluminum plant within a week
Repairs from one fire may have led to another at a Chesterfield plant. For the second time in little over a week, fire crews spent hours at the Aleris Aluminum Recycling Plant just south of Willis road near I-95. Nearly 30 people inside got out safely Friday morning. A worker called in the fire...
U.S. buys majority of aluminum foil exported by Armenian-Russian production
The export of the 0.2 mm aluminum foil from the Republic of Armenia to the U.S. during the first three months has recorded a growth of about 24 percent in comparison with the same period of the previous year. The State Revenue Committee of the Government of the Republic of Armenia informed...
Kaiser Aluminum Corp. ranks 16 on the Metals Channel Global Mining Titans Index
A study of analyst recommendations at the major brokerages shows that Kaiser Aluminum Corpis the #16 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. In forming this rank, the analyst opinions from the major...
Century Aluminum Company rating increased to Buy at Cowen
Cowen upgraded shares of Century Aluminum Company from a hold rating to a buy rating in a report released on Tuesday. Cowen currently has $13.00 target price on the stock. “Century Aluminum announced a tentative agreement with Kenergy Corp and Big Rivers Electric Corp on the framework of a new...
