The outlook for aluminum is more positive than the steep drip in price since April may suggest. The world’s largest producers of the metal are confident that 2012 will see robust demand growth, and some have even invested millions in upgrading production capacity. Automotive production will be the main catalyst for growth.
Daily Commercial News and Construction Record that there are several projects slated this year that will support several different mining and base metal industries
Bloomberg.com reports that Rio Tinto (NYSE:RIO) has declared Force Majeure because of extensive flooding in Australia.
Bloomberg.com reports that Rio Tinto (NYSE:RIO) announced that the the sale of the Alcan Rolled Products plant is finalized.
Bloomberg.com reports that Rio Tinto (NYSE:RIO) plans to spend $1B to expand aluminum smelters in Quebec and British Colombia.
Bloomberg.com reports that Rio Tinto(NYSE:RIO) and Aluminum Corp of China have jointly decided to seek and develop Chinese coking coal deposits.
Bloomberg.com reports today that in anticipation of the increased need for aluminum ( 5.3%/ per year for the next decade), aluminum producers will need to increase global output by two-thirds, according to executives at Rio Tinto’s (NYSE:RIO) Alcan division. The story is quoted as saying: Unless new smelters are built by 2020, demand for the [...]
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.
Get our independent commentary on aluminum trends and companies delivered to your inbox.
