Sillenger Exploration Corp. (OTCQB: SLGX) (OTCBB: SLGX) announced that its company information will be made available via Standard & Poor's Market Access Program, an information distribution service that enables subscribing publicly traded companies to have their company information disseminated to users of Standard & Poor's Advisor Insight.
After aluminum’s recent slump, many smelters are unprofitable- a reality that may lead to forced shutdowns.
Novelis, world leader in aluminum rolling and recycling, has announced its plan to expand its Brazil rolling operations by investing $300 million in Pindamonhangaba. The said action is in response to the growing demand of Aluminum products in South America. Phil Martens, President and Chief Operating Officer, Novelis Inc. is quoted saying: “We are experiencing [...]
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 [...]
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 [...]
Aluminum is defying logic when it comes to basic economics. Spot aluminum premiums have climbed to their highest price in nearly five years, in the face of mounting warehouse stockpiles.
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?
Aluminum’s fundamentals remain dire, despite the upswing in Chinese Imports. Imports in the country are rising due to an arbitrage opportunity as Shanghai Futures Exchange aluminum is selling at a premium of $400-$500 per tonne on the London Metal Exchange.
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.
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