Aluminium extrusion 2035 demand nears 44.22Mt: Industry experts decode next decade drivers
Global aluminium extrusion demand is entering a phase with consumption projected to rise from 35.25 million tonnes in 2025 to 35.93 million tonnes in 2026 and 44.22 million tonnes by 2035, representing a 2.29 per cent CAGR. While building and construction will remain the largest end-use sector and...
Aluminium extrusion usage in building and construction to grow 1.24% CAGR through 2035, with Americas at 1.15%, Europe at 1.30% & MEA at 2.47%
What does the building and construction market mean for aluminium extrusion industry? The answer may depend less on how much the world builds and more on where it builds and what those buildings require. As construction activity picks up across regions, aluminium extrusion is set to follow - but...
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Rio 2016 Olympic torch made from recycled aluminium
The Rio 2016 Olympic torch has been unveiled by the Brazilian President Dilma Rousseff at a special ceremony, which took place in the capital of Brasilia on 3 July 2015. The torch is crafted from recycled aluminium and resin with a stain finish and has different segments which expand when the...
South32 shares take a beating as commodity prices drop
Shares in South32, the diversified miner spun out of BHP Billiton, have dropped 17.3% in the past six weeks as the prices of its key commodities have weakened. The shares were trading at R16.74 on Wednesday compared with their close of R20.24 on the first day that South32 became a separate entity....
Guyana Ministry of Governance Team visits bauxite mines at region 10
Minister of Governance Raphael Trotman, accompanied by Audwin Rutherford, MP. Region 10 and a team made up of senior representatives of the Guyana Geology & Mines Commission (GGMC), the Guyana Forestry Commission (GFC), the Ministry of Social Protection and the Assistant Regional Executive Officer,...
Novelis Brazil unit aims big expansion in export markets
Novelis’ Brazilian unit has decided to concentrate more on export markets, in an attempt to offset declining demand growth in domestic market. According to Tadeu Nardocci, President-South American operations, Novelis, the company plans to expand its presence in the export markets of South America...
Alcoa to Close Poços Smelter in Brazil
Lightweight metals leader Alcoa today announced that it will permanently close its Poços de Caldas primary aluminum smelter in Brazil on June 30, 2015. The smelter has been curtailed since May 2014 and the underlying market conditions that led to the curtailment have not improved. “The closure of...
Mubadala in joint venture with Trafigura to operate Spanish mines
Mubadala Development has bought a 50 per cent stake in a base metals mining interest held by the global trading house Trafigura as part of plans to expand its mining footprint. The Abu Dhabi investment fund will form a 50-50 joint venture with Trafigura to operate Minas de Aguas Tenidas (Matsa),...
Surging aluminium output promises more pain ahead
The latest figures from the International Aluminium Institute (IAI) showed daily average output in May falling marginally from April's 158,100 tones to 157,800 tones. But that shouldn't distract from the underlying trend, which is rising and at an accelerating pace. The world's smelters produced...
First Bauxite Corp. plans $200 million bauxite plant in St. John Parish
First Bauxite Corp. of Canada plans to invest $200 million to develop a proposed bauxite processing plant on the Mississippi River in St. John the Baptist Parish. State and corporate officials said that the project would create 100 direct jobs, ranging from entry-level to skilled trade and...
Modelo invests $180m in Mexican brewery and can production plant
Grupo Modelo has revealed plans to invest MXN 2.8bn ($182.17m) in the construction of a new aluminium can production facility in eastern Mexico. The owner of brands such as Modelo and Corona will build the plant 20 miles west of Mérida, in the state of Yucután. It will provide cans for a new...
BHP Billiton's South32 spin-off tipped for success despite commodities downturn
Mining spin-off South32 has received a positive response from institutional investors just weeks after the company was de-merged from its parent BHP Billiton. Brokers Jefferies and Deutsche Bank have slapped glowing recommendations on the company, which has a market value of around $10bn (£6bn)....
Rexam’s JV in Guatemala receives international recognition for operational excellence
The Shingo Institute, part of the Jon M. Huntsman School of Business at Utah State University, has awarded Rexam’s Joint Venture with Envases Universales in Guatemala with the Shingo Prize. “Receipt of the Shingo Prize is a worldwide recognized symbol of an organization's successful establishment...
Novelis South America president honored with lifetime achievement award at Platts Global Metals Awards
Tadeu Nardocci, Senior Vice President, Novelis Inc. and President, Novelis South America, was honored with the Lifetime Achievement Award today at the Platts 2015 Global Metals Awards ceremony in London. "Tadeu has played an important role in leading the aluminum industry and Novelis over the...
Rexam's joint venture with Envases Universales in guatemala receives international recognition for operational excellence
The Shingo Institute, part of the Jon M. Huntsman School of Business at Utah State University, has awarded Rexam's Joint Venture with Envases Universales in Guatemala with the Shingo Prize. "Receipt of the Shingo Prize is a worldwide recognized symbol of an organization's successful establishment...
Hindalco slips on weak performance by Novelis
Shares of aluminium major Hindalco fell over 3 per cent on Wednesday after its US subsidiary Novelis reported weak results. A 20 per cent drop in operating profits during the March quarter dampened investor sentiment as the subsidiary brings in around two-third of Hindalco’s consolidated revenues...
Rexam issues its Q1 trading update
Rexam, a leading global beverage can maker, is today issuing the following trading update for the period from 1 January 2015. Results for the Group are in line with our plans. Overall global beverage can volumes were up 5% (3.5% excluding the acquisition of UAC) in the first quarter. Volumes in...
Rexam trading in line with expectations with aluminium costs falling
Beverage can maker Rexam PLC on Tuesday said it is trading in line with expectations, with can volumes higher in the first quarter, boosted by a good performance in Europe but offset by softer conditions in the Middle East and North American markets and a slowdown in South America, though the group...
Ball announces plants with greatest sustainability impact in 2014
Ball Corporation is honoring seven of its 58 global manufacturing plants with the R. David Hoover Sustainability Award for making a substantial impact toward Ball's sustainability goals, both inside the plant and within their communities, in 2014. The annual award recognizes one plant in each...
Ball Corporation to build first beverage packaging plant in Mexico
Ball Corporation has announced plans to build a two-line beverage can manufacturing plant in Monterrey, Mexico, with construction starting in the coming months. Production is expected to start in the first half of 2016 and produce multiple can sizes. The majority of the capacity is contracted under...
