Aluminerie Alouette and Exploration Orbite VSPA inc. (TSX VENTURE:ORT.A) reported that Alouette’s decided to to contribute $1 million dollars towards the implementation of Orbite’s experimental pilot plant, which has as foremost objective the extraction of alumina from Grande-Vallee aluminous clay.
Century Aluminum Company (NASDAQ: CENX) today announced that the company has received the requisite consents in its exchange offer and consent solicitation related to its 7.5% Senior Notes due 2014, CUSIP No. 156431AH1.
Century Aluminum Company (NASDAQ: CENX) completed its solicitation of consents to amend the indenture governing its 1.75% Convertible Senior Notes due 2024, CUSIP Nos. 156431AE8 and 156431AD0, to modify certain events of default relating to certain bankruptcies and insolvencies.
China’s private aluminium stocks seen up more than 40 percent. Stocks are still rising on high output.
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?
Century Aluminum is trading 4.7% higher today on volume of 3,476,485 shares. The stock has traded within a 52-week range of $1.04 and $51.46. For full story, click here
The Kribi Power Development Corp. has commenced supplying electricity to boost aluminum output at Cameroon’s sole smelter. For full story, click here
Shares of two aluminum manufacturers slipped Wednesday as an analyst downgraded Alcoa Inc., warning of weak industry fundamentals. For full story, click here
The total aluminum output in the first four month of the Iranian calendar reached 96,555 tons showing a 25 percent surged as compared to the same period the year before. For full story, click here
The aluminum market is disregarding a basic principle of economics: Spot prices on the London Metal Exchange have surged 39% this year despite slipping demand and growing supply. For full story, click here
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