Rio Tinto Alcan cuts production in France unit
Rio Tinto Alcan has cut production at its aluminium smelters in France. For full story, click here
Archive for January, 2009
More cuts needed to stabilize aluminum market
Aluminum industry executives sent a warning to other market leaders that unless large aluminum producers make deeper output cuts, the entire industry will likely take many years to recover from the current slump. Just 10% of world aluminum output is slated to be taken offline, and unless this number is pushed higher by more output cuts long-lasting damage to the sector is possible.
Norsk to shut capacity at Karmoy
Norsk Hydro to permanently shut 120,000 tonnes of aluminium capacity at its Karmoy smelter in Q1 2009. For full story, click here
Why Rio Tinto is delaying its aluminium projects in Canada?
Rio Tinto’s global spending cuts and layoffs likely mean delays for aluminium smelter projects in Canada. For full story, click here
China tackles aluminum market
The price of aluminum has slumped some 50 percent since peaking at $3,380 per tonne last July as the global economic downturn has hit demand for the metal. To kick off 2009, the aluminum market received some positive news as the metal climbed to a three-week high in Shanghai trading.
Madras Aluminium to temporarily suspend operations
Madras Aluminium says to temporarily suspend its entire aluminium production with immediate effect. Previously had made a 60 percent cutback. For full story, click here
Norsk Hydro to shut capacity at Karmoy smelter
Norsk Hydro to permanently shut 120,000 tonnes of aluminium capacity at its Karmoy smelter in Q1 2009. For full story, click here
Empire Resources, Inc. Announces Share Placement
Empire Resources, Inc. announced that it has reached an agreement with Apex Minerals N.L. (Apex) to raise $850,000. For full story, click here
Fall in oil prices put downward pressure on Aluminum
Since, Aluminum is energy intensive metal, fall in oil prices put downward pressure on aluminum prices. For full story, click here
Aldex Co., Ltd. Announces Conversion of Convertible Bonds into Shares
Aldex Co., Ltd. announced that its convertible bonds have been converted for 379,650 shares, at conversion price of KRW 1,317 per share, which brings the Company’s outstanding common shares to 97,959,796. For full story, click here
