Aluminium International Today News
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China: Chalco jettisons equity shareholdings
The Aluminium Corporation of China (Chalco) has announced that it will be selling its shares in a number of aluminium processing companies, but whether such a move will aid the company's financial woes is debatable.
14 June 2013 -
China: Big wigs meet to discuss over-capacity
China’s non-ferrous metals industry association (CNIA) has brought together leading aluminium producers and Government departments to discuss the Chinese industry’s overcapacity problem.
14 June 2013 -
China: Earnings of metal companies remain weak
China’s 8,403 ‘above-scale’ non-ferrous metal companies have together earned RMB29.4 billion in Q1 2013. Profits improved by 4.8% in the first two months of the year, but price falls and slack demand has seen volumes decline by 2.6% on the same period last year, according to NBS.
14 June 2013 -
India: Vedanta to re-open Lanjigarh refinery this month
Vedanta Aluminium, a leading Indian primary producer, plans to re-open its Lanjigarh alumina refinery in the state of Odisha. The plant, which closed in early December 2012 due to a severe shortage of bauxite, has a capacity of 1Mt/yr.
13 June 2013 -
Norway: Hydro teams up with Kobe Steel to service growing demand for automotive sheet
Norsk Hydro of Norway and Kobe Steel of Japan are joining forces to exchange technical information on aluminium coils and sheet for the automotive industry. In essence, they are both 'expanding their business options in a more globalised procurement policy'.
13 June 2013 -
Brazil: Alunorte power outages present supply problems
A 'force majeure notice has been issued by Norsk Hydro following power outages at its Alunorte alumina refinery in Brazil.
13 June 2013
