China's XinRen Aluminum Holdings reported that it plans to raise as much as S$205 million ($157 million) by selling 24 percent of its enlarged share capital in a Singapore initial public offering.
Alcoa Inc (NYSE:AA) is likely to post a modest third-quarter profit, but Wall Street will key in on the aluminum giant's forecast to see if surging metal prices will send its earnings soaring in the year's final quarter.
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 [...]
China’s premier Wen Jiabao delivered a big speech on Wednesday urging all levels of government to work with an ‘iron hand’ to improve energy efficiency. Click here to access the entire Editorial
Noranda Aluminum Holding Corp. (NOR) has closed its previously announced underwritten initial public offering of 11.5 million shares at $8.00 per share on Wednesday. Joint book-running managers of the offering includes BofA Merrill Lynch, Morgan Stanley & Co. Incorporated, Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co. and UBS Securities LLC. Click here to [...]
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: [...]
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, [...]
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