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Rising Chinese semis exports adding downward pressure on global primary aluminium market: Rusal
28 AUG 20162MINS

Rising Chinese semis exports adding downward pressure on global primary aluminium market: Rusal

<p>According to China&rsquo;s General Customs data published on August 24, exports of aluminium semis during January to June period declined 9.1 per cent to stand at 2.02 million metric tonnes (mt) from 2.22 million mt from the corresponding period previous year. Nevertheless, the export volumes...

Pahang miners to pay cost for building road dedicated to bauxite transport
23 AUG 20162MINS

Pahang miners to pay cost for building road dedicated to bauxite transport

<p>Bauxite miners in Pahang in the Kuantan Bay area have to bear the cost of constructing the road that will be used exclusively for transporting bauxite from Bukit Goh to the Port, said Pahang Menteri Besar Datuk Seri Adnan Yaakob. <br /><br />Based on his latest discussion with the state&rsquo;s...

Kian Joo MD Yeoh Jin Hoe initiates takeover of Alcom
19 AUG 20162MINS

Kian Joo MD Yeoh Jin Hoe initiates takeover of Alcom

<p>A prominent corporate honcho and MD of Kian Joo Can Factory Bhd and Box-Pax (M) Bhd Yeoh Jin Hoe has initiated the takeover of Aluminum Company of Malaysia Bhd (Alcom) after buying a 59.16% stake of the aluminium rolled products manufacturer. This is an attempt to expand his business interests...

Altech targets increased project debt of US$70 mln
17 AUG 20162MINS

Altech targets increased project debt of US$70 mln

<p>Altech Chemicals Limited announced that the company&rsquo;s targeted debt financing for its proposed Malaysian high purity alumina (HPA) project has increased to US$70 million (previously US$60 million).<br /><br />The export credit cover (ECA) component to be covered by the German export credit...

CBIX edges lower on Malaysian cargos
17 AUG 20162MINS

CBIX edges lower on Malaysian cargos

<p>CBIX declined 1.5 per cent over the week (US$0.7/dmt), closing at US$46.1/dmt, with lower ViU-priced Malaysian bauxite re-appearing to pull the index lower. This is despite the Malaysian bauxite mining ban being extended until at least mid-September. The recent Malaysian cargos come as a result...

Midas earnings surge 62% to reach S$3.8 mln in Q2 2016
16 AUG 20163MINS

Midas earnings surge 62% to reach S$3.8 mln in Q2 2016

<p>Aluminium alloy extrusion products manufacturer for the passenger rail transport segment, Midas Holding posted a significant 61.8 per cent rise in earnings for second quarter of 2016. Total earnings reached at RMB18.7 million (S$3.8 million) from RMB11.6 million same period previous year. The...

Malang univ students awarded for creating deodorant from processed aluminium waste
10 AUG 20162MINS

Malang univ students awarded for creating deodorant from processed aluminium waste

<p>Aluminium recycling has long become mainstream, at least in those parts of the globe, where the consumption rate of aluminium packaging solutions has been reasonably high for some time now. Secondary aluminium extracted from packaging solutions has made its way into a number of economically...

Press Metal back in operation with Samalaju aluminium smelter
04 AUG 20162MINS

Press Metal back in operation with Samalaju aluminium smelter

<p>Press Metal Bhd is on its way to making a comeback as it has received full claims from its insurer to pay off for losses incurred from last year&rsquo;s fire incident at its Samalaju aluminium smelter, reported industry sources. <br /><br />All the smelting pots at Samalaju facility have been...

Chinese fake semis fleeing Mexico for Vietnam
02 AUG 20162MINS

Chinese fake semis fleeing Mexico for Vietnam

<p>According to reports obtained by Aluminium Insider, a significant flow of fake semis has been emanating over the past several weeks from Mexico to Vietnam. The re-melted aluminium billet is likely to re-enter the Asian market now that the United States market is closed to Chinese aluminium as a...

Pahang government to Kuantan bauxite miners: Fulfil all conditions first
29 JUL 20163MINS

Pahang government to Kuantan bauxite miners: Fulfil all conditions first

<p style="text-align: left;">Government of Pahang sends out a clear message to the bauxite miners in the region- they should fulfil all conditions stipulated for them before the moratorium on mining can be lifted. <br /><br />Natural Resources and Environment Minister Datuk Seri Wan Junaidi Jaafar...

Chinese aluminium semis exports decline 15.7% YoY in June 2016
25 JUL 20162MINS

Chinese aluminium semis exports decline 15.7% YoY in June 2016

<p style="text-align: left;">Aluminium semis exports from China experienced a marked decline in June 2016, showed data released by the General Administration of Customs, China, on July 21. Total shipment of aluminium semis was down 15.7 per cent year-on-year at 32,319 million tonnes (mt) in June,...

Rising health consciousness to drive metal packaging market growth globally
21 JUL 20162MINS

Rising health consciousness to drive metal packaging market growth globally

<p>According to a new market report released by Transparency Market Research (TMR), the global metal packaging market is projected to reach $150 billion by 2026. <br /><br />Metal packaging market which includes aluminium, tinplate and other lightmetal packaging segments, has witnessed significant...

Altech Chemicals Ltd's Iggy Tan takes high purity alumina to China
15 JUL 20162MINS

Altech Chemicals Ltd's Iggy Tan takes high purity alumina to China

Altech Chemicals Ltd's managing director, Iggy Tan, said that the company received strong interest in the company's entry into the high purity alumina (HPA) market at a conference in Shenzhen, China. Altech’s plan is to offer a finished product range that will include HPA tailored for the synthetic...

Constantia completes acquisition of Vietnamese aluminium blister foil manufacturer
11 JUL 20161MINS

Constantia completes acquisition of Vietnamese aluminium blister foil manufacturer

Constantia Flexibles has completed its acquisition of Vietnamese pharmaceutical packaging manufacturer Oai Hung, strengthening its presence in Asia. Headquartered in Ho Chi Minh City, Oai Hung produces aluminium blister foil and rigid film for the growing local pharmaceutical market. In addition,...

State preventing clearance of Pahang’s bauxite stockpiles
06 JUL 20162MINS

State preventing clearance of Pahang’s bauxite stockpiles

Bauxite miners in Pahang are significantly less than happy about the latest extension in the government’s mining ban in the province, according to interviews conducted by local media outlets. The latest extension is the second such from the government, which extends the ban until mid-September....

CBIX nudges higher (+2.4%), mixed messages from Malaysia
05 JUL 20162MINS

CBIX nudges higher (+2.4%), mixed messages from Malaysia

CBIX rose over the week, up 2.4 per cent (US$1.1) to US$46.9/dmt on the back of higher ViU-priced Guinean material, partially offset by lower ViU-adjusted prices from other regions. Malaysian FOB prices continue to hold their ground, quoted at US$25/dmt to US$26/dmt for unwashed material, with...

Coca-Cola denies its limited edition UEFA Euro 2016 aluminium bottles contain alcohol
04 JUL 20162MINS

Coca-Cola denies its limited edition UEFA Euro 2016 aluminium bottles contain alcohol

Coca-Cola Malaysia refuted allegations that its imported Coca-Cola UEFA Euro 2016 limited edition aluminium bottles sold in selected outlets in the country contain alcohol. It said although the limited edition aluminium bottles were not produced in Malaysia but imported from Europe, “the...

Bauxite mining moratorium in Pahang extended again
01 JUL 20162MINS

Bauxite mining moratorium in Pahang extended again

The moratorium on bauxite mining in Pahang, Malaysia, has been extended yet again, this time for another two months. Natural Resources and Environment Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said this was because there were still a sizable number of bauxite stockpiles that had yet to be...