Gaspé Clay May Transform Aluminum Making
The Globe and Mail reports that clay from the Gaspe region may play a crucial role in making aluminum.
Articles Tagged "aluminum production"
Novelis to Close Aluminum Smelter in Aratu, Brazil
Novelis has announced that it has decided to close its' smelter in Aratu , Brazil.
Indian Aluminum Output May Rise Eightfold by 2020, Minister Says
Bloomberg.com reports that by 2020, Indian Aluminum production may increase by eight times, because of increase in demand
China Eases Power Restrictions on Aluminum Smelters
Bloomberg.com reports that China has relaxed power restrictions on Aluminum producers, which will allow them to resume production soon
China, Russia ink deals worth 8.5 billion dollars
Yahoo.com reports that United Company Rusal has agreed to acquire a 33 percent stake in Shenzhen North Investments.
Tough times ahead for aluminum industry
Despite the recent recovery in LME aluminum prices; demand for the stainless steel component remains in the dumps. Without any idea of when demand may stage a comeback, aluminum miners are bracing for more tough times.
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.
Aluminum’s low price forces smelters to operate at a loss
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.
