Century Aluminum Co (NASDAQ:CENX) reported continues to negotiate terms of a labor contract that expired last month for its idled aluminum smelter at Ravenswood, West Virginia, but no details have been decided about a plant restart.
Kaiser Aluminum Corporation (Nasdaq:KALU) announced that Lauralee E.Martin has been appointed to its board of directors and will serve on the Audit Committee and Compensation Committee.
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.
World aluminum prices recorded a marginal gain on Monday on the back of news that the incoming US administration will be unveiling a major stimulus package. US President-Elect Barrack Obama announced plans for the biggest infrastructure investment since the creation of an interstate highway in the 1950’s.
At aluminum’s current price around 90% of the world’s smelting capacity is operating at a loss, and this is forcing producers to revise production programs to cope with aluminum’s current price point.
On October 14/08, in Cupertino, California, Apple executives unveiled their redesigned line of MacBook Pro laptops, made from a solid piece of aluminum. These new laptops are more lightweight, thinner, and relatively inexpensive. Retail prices for the MacBook Pros begin at $1299 USD.
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