The latest ALUMINUM news on the web |
Mining News: ALUMINUMAlcan to up 6063 aluminum extrusion billet base price by 2 centsRio Tinto Alcan is increasing its base price for 6063 aluminum extrusion billet by 2 cents/lb on new business placed for shipment on or after October 1, it said in a customer letter obtained by Platts. In addition, Rio Tinto Alcan has decided ‘to Alcoa launches three new aluminum wheel lines for full-size truckWashington (Platts)–4Sep2008 Manitowoc Co. To acquire Kyees Aluminum, Inc.Enodis plc Announces Revised Final Offer From Manitowoc Co. Enodis plc announced that Manitowoc Co. and Enodis plc have announced a final revised offer by Manitowoc for Enodis (final offer) at a price of 328 pence in cash per Enodis Share. The Board of Chinalco may increase Rio Tinto stake, despite substantial drop in profitsA steep decline in profits has China’s largest aluminum producer cutting back domestically, but still pondering increasing its ownership of Rio Tinto. Copper down on demand fears, aluminum at 7-mth lowBy Anna Stablum LONDON (Reuters) - Copper dropped more than 2 percent and aluminum hit a seven-month low on Tuesday as the dollar rallied, the oil price tumbled and investors worried about demand for industrial metals. ‘There are concerns about growth in Top China aluminum maker Chalco’s H1 net dives; costs upHONG KONG (Reuters) - Aluminum Corp of China Ltd (Chalco) (2600.HK: Quote, Profile, Research, Stock Buzz)(601600.SS: Quote, Profile, Research, Stock Buzz), the world’s No.3 alumina producer, said late on Friday its first half net profit dived about Lincoln Electric Upgrades Indalco Alloys Aluminum Wire Rod MillTORONTO, Aug. 29 /CNW/ — The Lincoln Electric Company announced today the successful completion of the modernization of the Continuous Cast Aluminum Rod Mill at its Canadian subsidiary, Indalco Alloys Inc., the world’s only fully integrated aluminum Lincoln Electric Upgrades Indalco Alloys Aluminum Wire Rod MillTORONTO, Aug. 29 /CNW/ — The Lincoln Electric Company announced today the successful completion of the modernization of the Continuous Cast Aluminum Rod Mill at its Canadian subsidiary, Indalco Alloys Inc., the world’s only fully integrated aluminum Lincoln Electric Upgrades Indalco Alloys Aluminum Wire Rod Mill TORONTO, Aug. 29 /CNW/ — The Lincoln Electric Company announced today Cost for Rio Tinto Alcan Kitimat smelter could riseThe proposed expansion of Rio Tinto Alcan’s aluminum smelter in Kitimat, British Columbia, could cost more than the current estimate of $2.5-billion (U.S.), according to Paul Henning, vice-president of the company’s operations in B.C. The original price Scotiabank’s Mohr forecasts higher copper and uranium prices, strong intl. coal pricesAs potash prices continue to climb at the Port of Vancouver, Scotiabank economist Patricia Mohr is also bullish on uranium, copper, aluminum, and international steam and coking coal prices. Hydro Aluminum Unit Announces Energy Surcharge OptionLINTHICUM, Md.–(BUSINESS WIRE)–Hydro?s Extrusion Americas unit has announced an energy surcharge option, effective with all orders placed after September 1, 2008. ?Although we have seen some easing in energy costs over the past few weeks, energy Hydro Aluminum Unit Announces Energy Surcharge OptionLINTHICUM, Md. (Business Wire) — Hydro’s Extrusion Americas unit has announced an energy surcharge option, effective with all orders placed after September 1, 2008. ‘Although we have seen some easing in energy costs over the past few weeks, energy costs Potash, aluminum lead commodity exports in JulyAs G7 economies try to pick themselves up from an economic slump, the world’s emerging markets have carried the metal and mining sectors to new heights this summer, according to Bank of Nova Scotia’s July commodity price index report. The performance of Rio Tinto Alcan to announce labour deal for planned $2.5 billion Kitimat smelterVICTORIA - Rio Tinto Alcan is poised to announce a labour deal with unions to carry out a long-awaited $2.5 billion modernization project at its decades-old aluminum smelter in Kitimat, B.C. But critics are quick to point out that Thursday’s scheduled Rio Tinto’s Net More Than Doubles On Growth in Iron Ore, AluminumExtract not available. Indonesian Industry Ministry says Nalco $3.2b smelter project making good progressAs India’s National Aluminum Co develops smelter and power projects in Indonesia, Iran, and South Africa, Indonesia’s Industry Ministry said the country’s second aluminum smelter could be on line by the end of 2010. Alcoa lawsuit says Luminant breached power pactNEW YORK, Aug 25 (Reuters) - Aluminum maker Alcoa Inc (AA.N: Quote, Profile, Research, Stock Buzz) said in a lawsuit that power provider Luminant had violated decades-old agreements that ensured cheap power to a Texas smelter in a possible effort to Australia approves Chinalco bid to raise stake in Rio Tinto - UpdateThe Australian government has approved a bid by China’s state-owned Aluminum Corp. of China Ltd., or Chinalco (ACH: News ), to raise its stake to 11% in mining giant Rio Tinto (RTP: News ,RIO.L: News ). The approval was granted by Wayne Swan, Treasurer BHP’s hostile bid for Rio in troubleMELBOURNE: Aluminum Corp of China, or Chinalco, got Australian approval to raise to 11% its stake in Rio Tinto Group, the target of a hostile $143 billion takeover by rival miner BHP Billiton. ?I have decided to raise no objections under Australia?s |
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