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 [...]
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.
The Kribi Power Development Corp. has commenced supplying electricity to boost aluminum output at Cameroon’s sole smelter. For full story, click here
Ormet Corp, an independent U.S. producer of primary aluminum, is deciding whether to cut aluminum output at its Hannibal, Ohio, smelter and the extent to which its employees would be affected, it said in a press release. For full story, click here
US aluminum producer Ormet Corporation declared plans late on July 27th to indefinitely shut up to 6 potlines at its 260,000 tonnes per year aluminum smelter at Hannibal in Ohio. For full story, click here
Century Aluminum of Kentucky, a subsidiary of Century Aluminum Co., declared that it has reached a deal for a new, long-term power contract with E.ON U.S. and Big Rivers Electric Corp. for its Kentucky smelter. For full story, click here
Century Aluminum Co. declared that it has reached an agreement on a new, long-term power contract with E.ON U.S. and Big Rivers Electric Corp. for its Hawesville, Kentucky, aluminum smelter. For full story, click here
Venezuela’s government is interested in purchasing a minority stake held by six Japanese companies in the Venalum aluminum smelter, after the Japanese partners said they planned to pull out. For full story, click here
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.
A deal signed on Tuesday with the government of China has cleared the way for Trinidad and Tobago to move ahead with construction of its first aluminum smelter plant. For full story, click here
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