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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BRIC countries drive aluminium demand - 20mt output from recycling
Global: With China, Brazil and India becoming growth centres for aluminium-based products, the demand for primary aluminium is set to reach 75 million tonnes by 2020, according the International Aluminium Institute. Production of primary aluminium reached 40 million tonnes last year; around 10...
IDB announces $40 million loan for Suriname
The Inter-American Development bank has approved a $40 million loan to boost Suriname's financial sector. IDB team leader Frank Nieder says the economy of the South American country has grown in the past five years and that the loan will help accelerate that growth. The loan announced Friday is the...
Expansion plans in rolling mills and strategic automotive capacity - Novelis
Through Novelis, Hindalco is trying to capture the upstream market of value added aluminium products such as beverage cans. Novelis also makes aluminium for cars. Novelis plans to invest between $500-600 million (roughly Rs 3,120 crore) in its global expansion plans in the current year. Most of...
Venezuela mining showing signs of growth -Camiven
BNamericas cited Mr Luis Rojas president of Venezuela's mining chamber Camiven as saying that mining is showing signs of recovery during Q4. Mr Rojas said that the rebound is most evident in non metallic mining but it's also noticeable in that Ferrominera Orinoco has been producing a bit more iron...
First Bauxite Announces Signing of Mineral Agreement With the Government of Guyana Bauxite Project and the Receipt of Environmental Permit to Mine Deposits
First Bauxite Corporation is pleased to announce that it has signed a bilateral mineral agreement between the Government of Guyana and the Company and its local operating subsidiary, Guyana Industrial Minerals Inc., for the operation of the Bonasika Bauxite Project in Guyana, South America. The...
Canadian company to mine bauxite in Guyana
A Canadian company has signed an agreement with Guyana to mine bauxite in a western region of the country. Prime Minister Samuel Hinds says the First Bauxite Corporation of Vancouver expects to mine more than 12 million tons (11 million metric tons) of refractory bauxite in unexplored deposits in...
Analysis of the Brazil Aluminium Sector
Brazil is emerging as one of the fastest growing aluminium markets in the world due to its rapidly developing economy and strong raw material base. The country has witnessed a continuous rise in the demand and import of aluminium. Consequently, the country's aluminium consumption has gone up by 8%...
China agrees to loan Venezuela $4 billion
China has agreed to a new $4 billion loan to help Venezuela boost its oil output and will also help upgrade power plants and increase production of iron and aluminium. China has swiftly become Venezuela's biggest foreign lender in recent years, and has previously agreed to more than $32 billion in...
PPP/C campaigners continue to plug jobs for Lindeners
The promise for jobs continues to be made at the PPP/C rallies and meetings in Linden and according to Campaign Manager for Linden, Andrew Forsythe,in the next five years the PPP/C can assure residents of over a thousand jobs in various sectors. He said that there will be major expansion in the...
Bauxite workers are not treated equally
Leaders of government usually set the tone for the nation, among which integrity is established and respect is maintained, based on the things they say and do. When Guyana Prime Minister Hinds told this nation at a Buxton political meeting that the government treats bauxite and sugar workers...
First Bauxite Corporation Files NI 43-101 Technical Report-Bankable Feasibility Study Update for the Bonasika Project
First Bauxite Corporation is pleased to announce that the NI 43-101 Technical Report - Bankable Feasibility Study Update for its Bauxite Project in Guyana, South America, prepared by the independent engineering firm, Met-Chem Canada Inc., has been filed on SEDAR at www.sedar.com and can also be...
Minmetals eyes Bauxite Alumina deals
Bloomberg reported that Minmetals Resources Limited, backed by China's biggest metals trader, is transforming companies from Mirabela Nickel Limited to Alumina Limited into takeover targets as it eyes a total of USD 7 billion of deals including bauxite and alumina deals. Mirabela, which controls...
UPDATE 2-Argentine Aluar says to miss 2011 output target
Argentina's biggest aluminum producer, Aluar (ALU.BA), will not meet its expected output of 475,000 tonnes this year as recent heavy rains flooded its smelter, the company's chief executive said on Wednesday. Aluar's primary aluminum production plant in the southern city of Puerto Madryn, will be...
Novelis in $32m Brazilian expansion
Novelis is to invest $32M to expand recycling capacity at its aluminium rolling and recycling complex in Pindamonhangaba, Brazil. This is in addition to a $300M rolling mill expansion currently under way at the plant and a further $30M invested over the past two years to expand recycling capacity...
Chalieco and Mibam sign agreement for Alcasa upgrade
B N Americas reported that Chinese company Chalieco, a subsidiary of state owned Chinalco, has signed USD 430 million agreements with Venezuela's basic industries and mining ministry to upgrade technology at state aluminum reducer Alcasa. The agreement was reached after modifications were made...
Rains affect Aluar's Puerto Madryn operations
Argentine aluminium producer Aluar (BUE:ALUA) yesterday said that its production capacity in the Puerto Madryn city had been reduced by between 20% and 25% due to strong rains on Sunday. The rains flooded electricity installations and affected the power supply from the Futaleufu hydroelectric plant...
DJ Argentina's Aluar Says Aluminum Output Cut 20%-25% Due To Landslide
Aluar Aluminio Argentina SA (ALUA.BA) said Monday that its production capacity has been reduced by 20% to 25% after a landslide damaged electric equipment that feeds power to its aluminum smelter. In a statement to the Buenos Aires Stock Exchange, Aluar said it's working to restore power to its...
Aluminum maker CNBM will boost exports to mature and emerging markets
The company will expand shipments to traditional destinations and explore new regions. Under efforts to increase exports, CNBM International Corp. is strengthening presence in Europe and North America. This is complemented by plans to roll out products with higher technology levels in the coming...
