Aluminum Producers Underwater
After aluminum’s recent slump, many smelters are unprofitable- a reality that may lead to forced shutdowns.
Aluminum Price Rises Despite Record Stockpiles
Monday, May 3, 2010
Aluminum is defying logic when it comes to basic economics. Spot aluminum premiums have climbed to their highest price in nearly five years, in the face of mounting warehouse stockpiles.
Closed Mill Opens A Can Of Worms
Why has former owner of Koenig & Vits, Tim Martinez, bought a closed mill for $17 million? Would the mill be rebuilt? Could it be used to pay off debtors? Are aluminum prices positive enough?
A Rosier Outlook for Japan’s Economy
Tuesday, July 14, 2009
Aluminum stockpiles have risen consistently this year amid the downturn in the auto sector; however recent evidence that the economy is improving combined with confidence in Chinese purchases have lifted aluminum demand.
China Accused of Aluminum Dumping
Wednesday, June 24, 2009
The U.S. and the EU have both launched World Trade Organization complaints against China on the grounds that Beijing unfairly helps domestic makers of steel and aluminum, by blocking overseas exports of raw materials.
Russia’s RUSAL Q2 net returns to black
On Tuesday, Russia’s United Company RUSAL (HKG:0486), the world’s top aluminium producer, reported that it returned to the black in the second quarter, thanks to higher output and better prices of the lightweight metal.
Kaiser Aluminum Corporation Reports Second Quarter and Year-to-Date 2010 Financial
Kaiser Aluminum Corporation (NASDAQ:KALU) reported net income of $0.1 million and earnings per diluted share of $0.01 for the second quarter ended June 30, 2010 compared to $20 million and earnings per diluted share of $0.97 for the quarter ended June 30, 2009.
Base metals (Copper, Aluminium, Zinc) to recover on robust growth
Ibtimes.com reported on Base metals (Copper, Aluminium, Zinc) to recover on robust growth:
China’s Chinalco, Chalco formalise Africa JV with Rio Tinto
On Thursday, the state-run parent of Aluminum Corp of China Ltd. (2600.HK) formalised a joint venture with Rio Tinto (RIO.AX) to develop iron ore in Africa, bringing the listed Chalco into the project as it moves to diversify beyond its core aluminum business.
Sillenger Exploration Corp. Information to Be Available Through Standard & Poor’s Market Access Program
Sillenger Exploration Corp. (OTCQB: SLGX) (OTCBB: SLGX) announced that its company information will be made available via Standard & Poor’s Market Access Program, an information distribution service that enables subscribing publicly traded companies to have their company information disseminated to users of Standard & Poor’s Advisor Insight.
Novelis Invests $300 M to Expand Brazil Operations
Novelis, world leader in aluminum rolling and recycling, has announced its plan to expand its Brazil rolling operations by investing $300 million in Pindamonhangaba. The said action is in response to the growing demand of Aluminum products in South America. Phil Martens, President and Chief Operating Officer, Novelis Inc. is quoted saying: “We are experiencing [...]
Financial Times reported on China Making Empty Threats on Energy Targets
China’s premier Wen Jiabao delivered a big speech on Wednesday urging all levels of government to work with an ‘iron hand’ to improve energy efficiency. Click here to access the entire Editorial
Norsk Hydro Build Norway’s Largest Aluminum Recycling Plant
Norsk Hydro (NHY.OL), aluminum producer, is building the largest aluminum recycling plant at Karmoy, Norway with an initial capacity of 35,000 tonnes. Norsk Hydro is quoted saying: “The planned new plant at Karmoy will recycle dross and scrap from all of Hydro’s aluminium plants in Norway, as well as from external sources in Scandinavia and [...]
Japan Aluminum High Demand Seen by World Cup
Aluminum can makers in Japan expect a fast moving shipment in the coming weeks due to high consumption of beer and softdrinks on the soccer World Cup. Japan’s top aluminum can maker, Daiwa Can Company is quoted saying: “We expect can shipments to get a boost from the event as the more people go travelling, [...]
Fluor Chosen to Work for Santos GLNG Project
Fluor Corporation (NEW): NYSE:FLR has announced that the company has been chosen by Santos for the engineering, procurement and construction (EPC) work on the upstream facilities component of the Gladstone Liquefied Natural Gas (GLNG) project. Peter Oosterveer, president of Fluor’s Energy & Chemicals Group is quoted saying: “Fluor is honored to be chosen to continue [...]
Asides 
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Monday, June 14, 2010