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: [...]
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, [...]
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 [...]
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 [...]
Titanium and aluminum distributor, Trans World Alloys (TWA) has announced it’s grand opening of their 40,000 square foot, state-of-the-art service center at 249 East Gardena Blvd., Gardena, CA. Sandy Shadrow, the firm’s President and CEO is quoted saying, “… this significant investment was necessary for us to keep pace with the vastly growing product and [...]
Abu Dhabi Government’s industrial investment arm, General Holding Corporation (GHC) is using US$1 billion (Dh3.67bn) aluminium mill to employ 3,000 jobs. Aluminium has reached an average of $2,196 a tonne return this 2010 even after the global financial crisis. “The philosophy of GHC is to create industrial projects to attract global players to Abu Dhabi, [...]
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 [...]
On Tuesday, a spokesman of Alcan (Tianjin) confirms that for the next few year, Alcan Cable will invest another $40 million in its Chinese aluminum alloy plant, Alcan (Tianjin) Alloy Products Co. The press release is quoted as saying: “The plant, Alcan Cable’s manufacturing facility in China, started operations April 2009 after receiving an initial [...]
This is the 8th time Alcoa (AA 12.15, +0.21, +1.77%) has published its sustainability report and for the year 2009, it is pleased to announce the progress on its resources, products, and operations. William J. O’Rourke, Alcoa vice president for sustainability & environment, health & safety announces, “We have long valued transparency in our company. [...]
Norsk confirmed on Sunday that it will buy out Brazilian mining giant’s $4.9 billion aluminum assets. Vale will get 3.1 billion dollars in new Hydro Norsk shares and $1.1 billion cash from Norsk so this means 22 percent of Norsk Hydro shares will belong to Vale. Commerce and Industry Minister Trond Giske said in a [...]
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