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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RUSAL's dismissal of bauxite workers for arbitration
Three years after 62 workers were dismissed by the local subsidiary of Russian Aluminium (RUSAL) and a senior company official had allegedly threatened to assault workers, the Guyana government has decided to take the dispute to arbitration. President of the Guyana Bauxite and General Workers Union...
First Bauxite Corporation sourcing funding for the development of the Bonaiska mine
First Bauxite Corporation is now looking to secure funding for the development of the Bonasika mine along the Essequibo River. Chief executive officer, Hilbert Shields met President Donald Ramotar yesterday, to update him on the latest developments within the company. Shields told the government...
Conference on Aluminium recycling in Brazil
Aluminium professionals will meet at the V Aluminum International Congress and the XI International Seminar on Aluminum Recycling They will analyse recent technological innovations in the aluminium chain, metal applications in the main consumer markets and to discuss the challenges for the sector...
BHP looks at aluminium businesses
DIVERSIFIED miner BHP Billiton expects the volatility in the commodity markets to continue as sovereign debt problems in Europe weigh on customer behaviour, it said yesterday in its report for the six months ended December last year. The company reported a 5,5% fall in profit to $9,9bn. Revenue was...
Alcasa asks for US$90.4mn in financial aid - Venezuela
Venezuelan state aluminum reducer Alcasa has asked the government for US$90.4mn to cover payroll expenses and the purchase of raw materials, a Sintralcasa union leader told BNamericas. "In addition to covering these payments, the money will make it possible to buy parts to put cells back into...
Aluminum smelter seeks financial aid to overcome weak spot
Venezuela's aluminum smelter CVG Alcasa has requested USD 90.4 million in financial assistance from the Executive Office to cover payroll expenses, the purchase of raw materials, spare parts and the reactivation of smelting cells. It has also submitted several proposals to the consideration of the...
Carbonorca reiterates need for coke calcinations plant
BNamericas reported that Venezuelan state carbon anode producer Carbonorca is once again emphasizing the urgency of installing a coke calcination plant to supply local companies. Sutracarbonorca labor union press secretary Mr William Hernandez told BNamericas that "We want the government to...
BOSAI says on target to complete dust collector system
The management of BOSAI Minerals Group (Guyana) Inc. (BMGGI) is optimistic that the company will complete at least one of two dust collectors to be installed on kilns 13 and 14 in the bauxite plant to significantly reduce the dust emitted into the Linden community and its environs. A team of...
Chinalco plans to raise USD 1 billion through IPO
China's top aluminum producer Aluminum Corporation of China Ltd. is looking to raise USD 1 billion by listing its Peru based Toromocho copper mine assets in Hong Kong in the first half of this year. According to a company source, market watchers worry the lackluster market conditions in Hong Kong...
Chinalco plans to raise USD 1 billion through IPO
China's top aluminum producer Aluminum Corporation of China Ltd. is looking to raise USD 1 billion by listing its Peru based Toromocho copper mine assets in Hong Kong in the first half of this year. According to a company source, market watchers worry the lackluster market conditions in Hong Kong...
RUSAL bauxite company to stop vacation allowance – WPA
Workers at Bauxite Company of Guyana Incorporated, mainly owned by RUSAL, are to get thinner pay-packets whenever they are about to go on vacation because the company has decided to stop paying them vacation allowance. After numerous attempts throughout yesterday RUSAL officials could not be...
Novelis to Add Coating Line at Brazilian Can Plant
Atlanta-based Novelis, a producer of rolled aluminum products, has announced plans to invest about $50 million to install a coating line for beverage can end stock at its operations in Pindamonhangaba, Brazil. The company forecasts aluminum beverage can demand in South America to grow by 7 percent...
Domestic aluminum consumption to grow 8.9%/y in 2012-25 period - Abal
Brazil's domestic aluminum consumption is forecast to rise by an average of 8.9%/y in the 2012-25 period, according to national aluminum association Abal, paper Valor Econômico reported. The growth rate for 2011 is the same, according to Abal. The industry is expected to reach 1.42Mt of products...
Chinalco Hires Dredging International for Peru Pier, Andina Says
An Aluminum Corp. of China-led group hired Belgium’s Dredging International NV to begin work at its $130 million minerals pier project in Lima, Peru’s state news agency Andina reported. Aluminum Corp., together with partners Glencore International AG and Trafigura Beheer NV, will start construction...
Novelis to Invest $50 Million for new Coating Line in Brazil
Novelis, the world's largest producer of rolled aluminum, today announced it will invest approximately $50 million to install a coating line for beverage can end stock at its operations in Pindamonhangaba, Brazil. "This expansion is the most recent step in an ongoing program to expand our...
Suriname ‘bauxite industry languishing’
Natural Resources Minister Jim Hok is sad about the bauxite industry’s languishing existence. ‘When this Administration came to office employment in the sector was dropping, the smelter had been closed, and in fact the bauxite industry is dying.’ Despite the dark prospects for Suralco, Hok...
INTERVIEW: First Bauxite Strengthens management team
George Bennett has been appointed chief operating officer of First Bauxite Corp., which is developing the refractory grade bauxite Bonasika deposite in Guyana. An applied science graduate of Queen's University, Ontario, with a degree in engineering geology, Bennett has over 50 years involvement...
Bauxite Union highlights concerns with newly appointed Labour Minister Dr. Gopaul.
The Guyana Bauxite and General Workers Union has highlighted several matters of importance to the newly appointed Minister of Labour, Dr. Nanda Gopaul. In a press statement, the union listed grievances it has with three bargaining units including the Bauxite company of Guyana Inc (BCGI), Oldendorff...
