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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Mining sector declined in Venezuela
According to the Central Bank of Venezuela (BCV), the mining sector declined 3.2% compared to 2011 In a growing and expanding economic environment, Venezuela s mining activity fell 3.2% in the first quarter of the year, compared to the same period in 2011. Jorge Giordani, the Minister of Finance...
Chinalco Gets Nod for IPO
Chinalco Mining Corp., a unit of Aluminum Corp. of China, ACH -1.46% on Thursday received Hong Kong regulatory approval for its plan to raise up to US$1 billion in a Hong Kong initial public offering, a person familiar with the situation said Friday. The company plans to start gauging investor...
Global Aluminum Market to touch 71.2 Million Tons by 2018
Global Industry Analysts, Inc. brings about a smile to the aluminium leaders around the world with the release of its comprehensive global report on the Aluminum markets. The global market for Aluminum is forecast to reach 71.2 million tons by the year 2018. Major factors driving growth in the...
Alcoa Among Top Ten Great Places to Work in Mexico
Alcoa (NYSE:AA - News) operations in Monterrey, Mexico has been recognized by the Great Place to Work® Institute as one of the Top Ten Places to Work in Mexico in the Multinationals category. The facility — part of Alcoa Wheel and Transportation Products — placed #1 in the Northeast Region. In...
Chinalco Mining Corp International to seek approval for an IPO
Chinalco Mining Corp International will seek approval from the Hong Kong stock exchange on May 17 for an IPO that could raise up to $1 billion, IFR reported on Wednesday. The company, a Peruvian copper mining unit of state-owned Aluminum Corporation of China, plans to start pre marketing the deal...
Alcoa Says $3 Billion Brazil Investment Gave No Return
Alcoa Inc. (AA) , the largest U.S. aluminum producer, said returns on $3 billion of investments in Brazil “have not yet come” because of “unbelievably high” energy costs. “We’ve invested $3 billion there and frankly the returns have not yet come,” Alcoa Chief Executive Officer Klaus Kleinfeld said...
Reduced Venezuelan aluminum production forces authorities to adjust exports
The decline in aluminum production in the Venezuelan industries located in Guayana (southern Venezuela) has obliged authorities to "adjust" aluminum supply quotas sold to multinational companies. Venezuelan aluminum smelter CVG Alcasa's failure to deliver the product is long-standing and it is due...
BRIC countries' aluminum sector continues to grow over next four years: report
The aluminum sector in Brazil, Russia, India and China (BRIC) countries is expected to continue to see healthy growth until 2016, according a new report by the UK based research firm BRICdata. The BRIC countries play a dominant role in global aluminum industry in terms of production as well as...
Novalis plans new investments in Brazil
US-based aluminum rolled products maker Novelis (NYSE: NVL) will invest US$400mn in Brazil to raise production capacity to meet the expected increase in domestic consumption to 4.5Mt/y by 2025, senior VP and president of Novelis South America, Marco Palmieri, said at the V international aluminum...
Suriname bauxite company announces layoffs
PARAMARIBO – Minister Jim Hok of Natural Resources (NH) is concerned about the layoffs announced by Suralco. “This is not only bad news for employment,” the minister says. The reason for the layoffs is the declining demand for aluminum. “It shows once again that the bauxite industry is near death,”...
Guyana Creates Bauxite Development Unit
With increasing demand for Guyana’s bauxite, the country’s government has established a Bauxite Development Unit within the Guyana Geology and Mines Commission. The unit will coordinate, oversee and assist in making recommendations on all aspects pertinent to bauxite resources in Guyana, from...
Prime Minister urges bauxite workers to focus on the resurgence of bauxite mining operations
Prime Minister, Samuel Hinds has urged bauxite workers to avoid conflicts and capitalize on the resurgence of bauxite mining operations. He noted that jobs and good wages come from profitable companies. It is the prime minister’s view that the decisions taken by government in relation to the...
Bauxite company(BCGI) moves to court to stop arbitration
The Bauxite Company of Guyana Incorporated (BCGI)-majority owned by Russian Aluminium (RUSAL)- has moved to the High Court and secured a temporary stay of arbitration proceedings ordered by government into a dispute between the company and the Guyana Bauxite and General Workers Union (GBGWU). When...
Bosai’s dust collector 90% completed
The management of Bosai Minerals Group Guyana Incorporated says its dust collector is about 90 percent completed as the company seeks to reduce dust emissions from its kiln dryers in Linden. The bauxite company has been working with the Environmental Protection Agency (EPA) and the Guyana Geology...
Hydro Aluminum Supports CPV Plant in Latin America
A precision-extruded aluminum framing system manufactured by Hydro, a global supplier of aluminum and aluminum products, has been installed at a 500-kilowatt electric generation facility in Durango, Mexico, the largest concentrated photovoltaic (CPV) solar facility in Latin America. Located about...
Bosai to invest $100M in Guyana bauxite operations
A Chinese mining company says it plans a $100 million expansion of its bauxite operations in the South American country of Guyana. Chongqing-based Bosai Minerals Group says it will build a new kiln to process bauxite at its plant in southeast Linden, as well as install heavy-duty generators and...
High power costs hindering investment in primary aluminum sector in Brazil - Abal
BNamericas cited Mr Adjarma Azevedo national aluminum association CEO of Abal as saying that Brazil's primary aluminum production is not seeing any investment due to high power costs. Mr Azevedo said that "Energy in Brazil is the third most expensive in the world, behind only China and Germany. The...
Bauxite workers’ dismissal dispute heads to arbitration
An almost three-year-old dispute that led to the controversial sacking of 67 bauxite workers has been sent for arbitration, a statement from the union said over the weekend. According to the Guyana Bauxite and General Workers Union (GB&GWU), it is welcoming the decision of Minister of Labour, Dr....
