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 [...]
Read the full article: "Norsk Hydro Build Norway’s Largest..."
Tuesday, May 25, 2010
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, [...]
Read the full article: "Japan Aluminum High Demand Seen by World Cup"
Thursday, May 20, 2010
Novelis’ subsidiary Novelis do Brasil has signed an agreement with Rexam PLC (OTC: REXMY), worlds largest manufacturer of aluminum beverage cans. Alexandre Almeida, Senior Vice President of Novelis Inc. and President, Novelis South America is quoted saying: “This agreement demonstrates Novelis’ potential to serve the demand for aluminum sheet from the Brazilian can market and [...]
Read the full article: "Novelis and Rexam Agreement on Aluminum Can..."
Friday, May 14, 2010
According to a member of the International Panel for Sustainable Resource Management set up by UNEP, Thomas Graedel, stated that if people will not start recycling, specialty metals like aluminum will soon be scarce. Aluminum is being used by the electronics industry Thomas Graedel, a professor of industrial ecology at Yale University is quoted saying: [...]
Read the full article: "Aluminum Shortage Likely Without Recycling"
Thursday, May 13, 2010
This quarter could be a good mark off for aluminum for producers such as UC RUSAL (0486.HK) (RUAL.PA), Aluminum Corp of China (Chalco) (601600.SS) (2600.HK) and Alcoa (AA.N) who sees this time as a buying opportunity. Wei Xiaoshuang, analyst at CM-CCS Securities was quoted saying: “Chalco definitely will be profitable this year and some low-cost, [...]
Read the full article: "Is May a Good Month for Aluminum Buy In?"
Wednesday, May 12, 2010
Guinea’s Bellzone, top supplier of aluminum ore bauxite, hopes to bag the second major international investment in the mining field second to Vale, a Brazilian giant who made a $2,5-billion deal in April. This was confirmed by Mines Minister Mahmoud Thiam. Mines Minister Mahmoud Thiam is quoted saying during a Reuters interview: “We are aware [...]
Read the full article: "Guinea Hopeful for Bellzone -FT Security"
Tuesday, May 11, 2010
This 2010, 2 to 3 million tonnes of aluminum smelting will be added in China according to deputy head of the China Nonferrous Metals Industry Association, Wen Xianjun. The press release is quoted as saying: Investment in aluminum smelters in China, the world’s largest producer, hasn’t slowed in the face of growing overcapacity and a [...]
Read the full article: "China To Add Aluminum Smelting in 2010"
Tuesday, May 11, 2010
The Islamic Republic of Iran’s aluminum produce has increased to 8 percent in the first month of the new Iranian year (started March 20, 2010). This is compared to March 20 of 2009. The news added the information: Iran has produced 25,732 tons aluminum during the last Iranian month (March 20-April 20, 2010) showing 8 [...]
Read the full article: "Aluminum Surges in Iran"
Friday, May 7, 2010
National Commercial Bank (NCB) confirms that once the three mega smelter projects worth more than $10 billion start producing nearly 2.4 million tons, Saudi Arabia will be one of the major aluminum exporters in the world. According to NCB, “Saudi Arabia is on the verge of becoming a major upstream player in the global aluminum [...]
Read the full article: "Saudi Arabia, Major Aluminum Exporter in..."
Tuesday, January 26, 2010
Five Chinese companies are targeting up to a combined $1.1 billion from initial public offerings in Hong Kong this week, reinforcing the fundraising wave that made it the world’s No. 1 IPO market in 2009.The companies came after Russian’s UC RUSAL, the world largest aluminum producer, priced its $2.2 billion deal in the mid-point of the range last week, and several of this week’s deals are quite small.
Read the full article: "Five China firms:$1.1 billion in HK IPOs"
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Wednesday, May 26, 2010