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Energy tax plan benefits Century Aluminum for re-start
29 MAR 20126MINS

Energy tax plan benefits Century Aluminum for re-start

The $20 million tax credit package meant to help restart Century Aluminum's Ravenswood plant had some lawmakers scratching their head at the complexities, but architects of the plan said it was the only way to get it to work. For starters, Century Aluminum doesn't get a dime of the credit - even...

$20 million Alstom investment in Hornell would give new life to old Erie shops
29 MAR 20123MINS

$20 million Alstom investment in Hornell would give new life to old Erie shops

A $20 million investment. At least 500 new jobs. That is what award of the Bay Area Rapid Transit contract could mean for Alstom. A 775-car job for the San Francisco Bay area commuter service would spur the deepest level of investment in Hornell yet by the French transportation giant, with a...

Aleris Corp Sees IPO Size At 31.25M Shares
28 MAR 20121MINS

Aleris Corp Sees IPO Size At 31.25M Shares

Aluminum processor Aleris Corp. estimated the size of its initial public offering at 31.25 million shares. The company filed plans last April for an estimated IPO of up to $100 million to fund general corporate purposes, including working capital, capital expenditures, the construction of an...

US primary aluminum market sees solid demand, traders lift premiums
28 MAR 20122MINS

US primary aluminum market sees solid demand, traders lift premiums

Premiums for P1020 aluminum have continued strengthening this week, as traders reported more deals to consumers and claimed close-freight consumers were not getting their previous discounts. The Platts premium rose another 10 points Tuesday over LME cash, moving to 8.9 cents/lb from 8.8 cents last...

Noranda Aluminum Holding Corp Shares Cross Above 200 DMA
27 MAR 20121MINS

Noranda Aluminum Holding Corp Shares Cross Above 200 DMA

In trading on Monday, shares of Noranda Aluminum Holding Corp (NYSE: NOR) crossed above their 200 day moving average of $10.59, changing hands as high as $10.78 per share. Noranda Aluminum Holding Corp shares are currently trading up about 0.9% on the day. The chart below shows the one year...

Century enters power talks in bid to restart smelter
27 MAR 20122MINS

Century enters power talks in bid to restart smelter

Century Aluminum Co (CENX.O) said on Friday it has resumed talks for a power deal with Appalachian Power, a unit of American Electric Power Co. Inc. (AEP.N), to supply its Ravenswood, West Virginia aluminum smelter as it moves closer to restarting the idled plant. The 170,000-tonne-a-year aluminum...

Alumasc to supply multi-million pound roof
27 MAR 20121MINS

Alumasc to supply multi-million pound roof

Building and engineering products group Alumasc has won a 10 million pound contract to supply roofing to a large aluminium smelter in Canada. The firm said the majority of the revenue and profit from the new contract was expected to come in its financial years ending 30 June 2013 and 30 June 2014....

Reliance Steel & Aluminum Co. Signs Agreement to Acquire Assets of Worthington Steel Vonore Plant
27 MAR 20122MINS

Reliance Steel & Aluminum Co. Signs Agreement to Acquire Assets of Worthington Steel Vonore Plant

Reliance Steel & Aluminum Co. RS +0.97% announced today that its wholly-owned subsidiary Precision Strip, Inc. has signed an agreement to acquire substantially all of the assets of the Worthington Steel Vonore, Tennessee plant, a processing facility owned by Worthington Industries, Inc. WOR +1.78%...

Youth group to benefit from Akron recycling
27 MAR 20124MINS

Youth group to benefit from Akron recycling

Downtown Akron is getting a new recycling program, and an Akron youth group will be collecting aluminum cans in a national contest in the month of April. Those were the two green or environmentally friendly announcements made by Akron Mayor Don Plusquellic on Monday. The city is working with the...

NSCSA Signs a contract with Qatar Aluminium Company
26 MAR 20122MINS

NSCSA Signs a contract with Qatar Aluminium Company

Mr Saleh Al Jasser CEO of The National Shipping Company of Saudi Arabia announced that the company has signed a contract with Qatar Aluminium Company QATALUM on March 21st 2012 to transport aluminium shipments from Qatar to the United States of America on each voyage of the company vessels for a...

Aluminium key to future Coca Cola success
26 MAR 20122MINS

Aluminium key to future Coca Cola success

Drinks giant Coca Cola plans to double business by 2020 – and aluminium will be vital to this, delegates were told at a conference in Miami. Coca Cola’s Chief Procurement Officer – Bottling Investment Group William Hovis said the beverage group was one of the world’s largest users of aluminium with...

WV expects to break even on Century Aluminum tax break
26 MAR 20127MINS

WV expects to break even on Century Aluminum tax break

West Virginia state officials estimated a net zero effect on the general revenue fund for a $20 million tax incentive for Century Aluminum, leaving a difference of $14.1 million projected by a 2007 study. Deputy Revenue Secretary Mark Muchow said the difference is caused because his office went...

Aluminium in demand as US stages recovery
26 MAR 20122MINS

Aluminium in demand as US stages recovery

The UAE's aluminium producers are reporting soaring demand as the United States returns to stronger growth. The price of the metal, which fell for much of last year, has risen 11.1 per cent since the start of the year to US$2,245 per tonne. Emirates Aluminium is expecting strong growth from the US...

Aluminum Industry announces Aluminum Week 2012 in Chicago.
26 MAR 20123MINS

Aluminum Industry announces Aluminum Week 2012 in Chicago.

Three major trade associations representing the aluminum industry will host Aluminum Week this October in Chicago. The Aluminum Association (AA,) Aluminum Extruders Council (AEC) and Aluminum Anodizers Council (AAC) will co-locate their meetings to increase cooperation and communication among...

Aluminium use in automotive enters ‘golden age’
26 MAR 20122MINS

Aluminium use in automotive enters ‘golden age’

Aluminium is entering a golden age in automotive use, delegates were told at a North American aluminium conference. Alcoa’s automotive marketing director Randall Scheps told delegates at the CRU North American Aluminum Trends Conference in Miami last week that aluminium use in auto body sheet is...

Power supplier still talking with CFAC
22 MAR 20122MINS

Power supplier still talking with CFAC

Bonneville Power Administration is having weekly discussions with Columbia Falls Aluminum Co. to negotiate an energy contract that would restart the shuttered plant, BPA Administrator Stephen Wright said last week. “We’re actively engaged,” Wright said. “It’s an important issue for us. We’re...

Rio Tinto Alcan Starts Talks To End Aluminum Smelter Lockout
22 MAR 20122MINS

Rio Tinto Alcan Starts Talks To End Aluminum Smelter Lockout

Rio Tinto Alcan began talks with union representatives Monday to secure a new labor contract and end a lockout period that has lasted nearly three months. "A government-appointed mediator called parties to the table" on Monday and talks will continue Wednesday, company spokesman Bryan Tucker told...

Hydro Expands Fabrication Focus
22 MAR 20122MINS

Hydro Expands Fabrication Focus

Hydro has expanded its aluminum fabrication services with more regional technical competence and a new dedicated website. "Customers should benefit from cost savings by obtaining their extrusions and fabrication in one place," said Matthew Dionne, president of Hydro's North American aluminum...