Dr Sanja Miskovic joins American Rare Earths to advance Halleck Creek processing
American Rare Earths has appointed Dr Sanja Miskovic as Chief Technical Advisor, with her work focused on process optimisation and recovery as the company advances the feasibility study for its Halleck Creek Rare Earths Project in Wyoming, USA. Miskovic will work on flowsheet development, mineral...
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...
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Noranda Aluminum Holding PT Lowered to $11.00
Investment analysts at Citigroup dropped their target price on shares of Noranda Aluminum Holding to $11.00 in a note issued to investors on Monday. The analysts wrote, “We estimate 2Q EPS of $0.10 vs the consensus of $0.10 on revenues of $363 mln and EBITDA of $43 mln. We have updated our longer...
Hyundai to Set Up New Aluminum Die Casting Plant in Mexico
Hyundai, the Korean automotive leader maintains its trust in Tijuana’s competitiveness and announced their investment in a new M$131 aluminum die casting plant adding nearly 300 new jobs to the company’s current base of 2,300 employees. The announcement was made by Kenny Lee, company’s CEO, in a...
President of Tri-Arrows Aluminum, Patrick Franc named as Aluminum Association chairman
Patrick M. (Pat) Franc, President and CEO of Louisville, KY-based Tri-Arrows Aluminum, Inc., will immediately assume the vacant position of Chairman of The Aluminum Association through Fall of 2013, per a vote of the Association's Executive Committee. "Pat has extensive leadership experience within...
Fishing Holdings to enter the aluminum boat market
Fiberglass fishing-boat builder Fishing Holdings LLC is planning to enter the aluminum boat market. The builder, owned by Platinum Equity, announced the acquisition of a manufacturing facility in Flippin, Ark., with the intent to launch an aluminum boat product line, according to a statement. Terms...
Steelworkers' labor contract with Constellium rolling mill at Ravenswood set to expire
The United Steelworkers' labor contract with Constellium Rolled Products' aluminum rolling mill at Ravenswood is set to expire this weekend, according to several knowledgeable sources. The mill employs about 1,000 people. It is Jackson County's largest employer. Jason Miller, president of...
Kaiser Aluminum Announces Quarterly Dividend Payment
Kaiser Aluminum Corporation (Nasdaq:KALU) today announced that its Board of Directors has declared a quarterly cash dividend payment of $0.25 per share on the Company's outstanding common stock. The dividend will be payable on August 15, 2012 to shareholders of record as of the close of business on...
Noranda Aluminum Shares Down 2.4%
One of today's notable stocks in decline is Noranda Aluminum (NYSE:NOR), down 2.4% to $6.53. The S&P is currently trading 0.6% lower to 1,334 and the Dow Jones Industrial Average is trading 0.3% lower to 12,569. Over the past year, Noranda Aluminum has traded in a range of $6.29 to $15.09 and is...
Alcoa Signs Supply Deal with Airbus
U.S. aluminum company Alcoa Inc. AA -0.60% has signed new multiyear agreements valued at about $1.4 billion to supply Airbus with products for virtually all of the passenger-jet maker's commercial programs, including the new A350. Under the deal, signed Wednesday at the Farnborough International...
Accurate Aluminum offers aluminum installations and fabrication services
Aluminum Accurate Works assures to be the absolute solution for different forms of top notch exterior and aluminum installations. The company based on Barrie, Ontario, is providing doors, windows & aluminum installations extended in and around the areas of Innisfil, Simcoe County and Aurora & King...
Asco Deutschland to Supply Aluminum Floor Structure Beams to Bombardier Shorts
Asco Deutschland will manufacture aluminium floor structure beams for Bombardier Shorts. The parts will equip several fuselage sections of Bombardier aircraft, including the CRJ-700/900/1000, the Global & Challenger families, and the Learjet 70/75. Asco, proven specialist from design to...
Aluminum to help meet fuel economy targets
Truck and auto makers are increasing their use of aluminum in vehicles as they lighten weights to improve fuel economy. Aluminum manufacturers will ship 16% more aluminum to automakers this year versus 2011 as car output climbs 11%, according to Lloyd O’Carroll, an analyst at Davenport & Co. in...
Reopening Ravenswood plant is important: Century CEO
Century Aluminum's president and CEO said Monday that he and his company remain dedicated to reopening the company's Ravenswood smelting plant by the end of the year or early next year. "We are trying to get this plant reopened. We have made good progress over the last nine to 12 months," Michael...
Rio Tinto Alcan’s Kitimat smelter to be ready in 2014
Modernisation of Rio Tinto Alcan’s Kitimat aluminium smelter in British Columbia, Canada, is scheduled for completion in the third quarter of 2014. The slow-moving US$3Bn project, which was started in 2011, received a capital injection of US$2.7Bn last Christmas. Work so far has included the...
Hydro considers aluminum as the ‘metal of the future',
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...
Noranda Aluminum credited with the Lowest Forward P/E Ratio
Below are the three companies in the Aluminum industry with the lowest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to...
Employees approve contract at Rio smelter in Canada
Unionized workers at Rio Tinto Alcan's Alma aluminum smelter in northern Quebec have approved a new contract ending an extended lockout, the union and the company confirmed late on Thursday. The approval comes more than six months after Rio Tinto Alcan locked out its unionized workers after...
DUNMORE to expand capacity for its coated film products in the U.S. and Europe
DUNMORE, a global supplier of engineered coated and laminated films, has announced the expansion of its production capacity in the U.S. and Europe for high-performance thin film products. The company has made significant investments in two new production lines at its facilities located in Freiburg,...
Alcoa to sell its 351-MW Tapoco Hydroelectric Project to Brookfield Renewable Energy Partners
Alcoa, a leading manufacturer of alumina, fabricated aluminum and primary aluminum has agreed to sell its 351-MW Tapoco Hydroelectric Project to Brookfield Renewable Energy Partners. Brookfield Renewable Energy Partners handles one of the largest pure-play and publicly-traded renewable power...
