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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Sapa completes Cressona expansion
Sapa Extrusions-North America has completed a new casthouse facility at its Cressona, Pennsylvania plant. The facility is part of a $10M project that expanded casting pit operations in five cast houses, including Cressona, Spanish Fork, UT, Delhi, LA, Yankton, SD and Toronto, Canada. The project...
Rio Tinto injunction limiting lockout pickets extended
Locked-out workers at Rio Tinto Alcan's smelter in Quebec will have to continue to limit their numbers on the picket line until at least early April. Rio Tinto Alcan was able to renew its injunction in Quebec Superior Court on Tuesday limiting the number of picketing workers allowed near the...
Hindalco up 4% after Novelis renews contract
Hindalco Industries climbed 4% to Rs 127.10 after Novelis Inc, also part of the Aditya Birla Group, renewed its can-body sales agreement with Coca-Cola Bottlers' Sales & Services Company (CCBSS). A Novelis statement released late on Tuesday said the two companies had signed a multi-year agreement...
Spot inquiries on rise in NA aluminum billet market
January is off to a strong start in the North American billet market as producers report a pickup in inquiries from customers looking for additional spot metal following an abnormally slow contract season. The mating season for the 2012 contract year was unusually sluggish this fall as cautious...
Novelis secures Coca-Cola supply deal
Novelis is to supply Coca-Cola Bottlers' Sales Services Company, the Coca-Cola group that buys aluminium can sheet for Coca-Cola in North America. The agreement covers the supply of aluminum can body stock, can end stock and can tab stock to the producers of beverage cans for Coca-Cola in North...
UPDATE: Cost Of Storing LME Aluminum In Detroit To Jump 10% From April
The cost of storing aluminum in London Metal Exchange- approved warehouses in Detroit has soared by nearly 10% following the exchange's decision to force a Goldman Sachs Group Inc. (GS) subsidiary to double the rate at which it delivers metal out of its facilities there. The new rent of 45 cents a...
Atlanta-based Novelis signs multi-year deal with Coke
Novelis, one of the largest producers of aluminum rolled products, has signed a multi-year agreement with Coca-Cola North America to furnish the beverage giant supplies for its cans. Terms of the deal, including its length, were not disclosed. Atlanta-based Novelis, a long-time supplier of aluminum...
Alcan: Big Rivers' rates threaten smelters
In mid-2009, the future looked promising for two of the biggest industries in northwestern Kentucky — the Rio Tinto Alcan and Century Aluminum smelters. They had secured a new long-term contract for the enormous amounts of electricity they need at prices the companies thought could keep them...
US aluminium giant Alcoa slashes global output
US aluminium giant Alcoa will slash 240,000 tonnes a year of global production from yet to be revealed locations as markets for the metal continue to struggle amid growing Chinese capacity and fears of a global slowdown. The move shows the pressure aluminium producers are under amid depressed...
Aluminum giant Alcoa won't say if Canada part of plans to cut smelting capacity
U.S. aluminum giant Alcoa Inc. won't say if Canada figures in its plans to curtail another five per cent of its global smelting capacity as the company cuts costs in the face of weak prices. The company said late Thursday it will reduce capacity by another 240,000 tonnes a year to 4.5 million...
Alcoa to permanently close idled aluminum smelter in Tennessee, trim a Texas operation
Alcoa Inc. said Thursday that it plans to close an aluminum smelter in Tennessee and some operations at a Texas facility to cut costs in the face of weak prices. The moves, plus others to come, will reduce Alcoa’s global smelting capacity by about 12 percent. Aluminum prices have fallen by about...
Cardinal Aluminum says brings new extrusion press online
Cardinal Aluminum has started up a new extrusion press that is expected to boost capacity at the company's manufacturing complex in Louisville, Kentucky, Cardinal's owner, Chip Edwards, said in an interview. The newly completed project leaves Cardinal with one press in each of its two plants at the...
Orkla says aluminium profile demand on par with start of 2011
Norwegian conglomerate Orkla saw slow demand for its Sapa unit's aluminium profiles towards the end of last year and it now looks like 2012 has started roughly in line with the start of 2011, its chief executive said. "The business in aluminium profiles in Sapa is very strongly affected by the...
Noranda Aluminum Shares Climbing Higher, Up 8.3%
One of today's stocks on the move is Noranda Aluminum (NYSE:NOR), up 8.3% to $8.96. The Dow Jones Industrial Average is now trading 1.4% higher to 12,393 and the S&P is trading 1.4% higher to 1,276. Potential upside of 31.1% exists for Noranda Aluminum, based on a current level of $8.96 and...
Stock Investors Bid Up Shares of Noranda Aluminum, Up 4.5%
Noranda Aluminum (NYSE:NOR) is one of today's notable stocks on the rise, up 4.5% to $8.64. The Dow is trading fractionally higher to 12,221 and the S&P is currently trading fractionally higher to 1,259. Noranda Aluminum share prices have moved between a 52-week high of $17.82 and a 52-week low of...
Accuride Boosts Aluminum Truck Wheel Capacity
Last year, Accuride significantly enhanced its capacity to make aluminum wheels for the commercial vehicle industry. This was made possible by a combination of strategic acquisitions, key process technology investments and transfers of aluminum wheel machining lines within its operations. These...
Novelis reports strong second quarter fiscal year results
Novelis Inc. reported net income attributable to its common shareholder of $120 million for the second quarter of fiscal 2012 compared to net income of $62 million for the same period in fiscal 2011. Shipments of aluminum rolled products totaled 720 kilotons for the second quarter of fiscal 2012, a...
Cost Of Storing LME Aluminum In Detroit To Jump 10% From April
The cost of storing aluminum in London Metal Exchange- approved warehouses in Detroit has soared by nearly 10% following the exchange's decision to force a Goldman Sachs Group Inc. (GS) subsidiary to double the rate at which it delivers metal out of its facilities there. The new rent of 45 cents a...
