October 19, 2011

UAE to invest $9.5 bn in aluminium smelters: Indonesia

The UAE plans to make possibly the largest-ever investments in Indonesia's industrial sector by pumping $9.5 billion into aluminium smelter projects in Kalimantan, Indonesia's ambassador to the UAE said on…

October 12, 2011

Alcoa third quarter revenue, earnings higher than year-ago quarter, down sequentially on lower prices and European market weakness

NEW YORK--(BUSINESS WIRE)--Alcoa (NYSE: AA) today reported increased third quarter revenue and earnings compared to the year-ago quarter, but lower results sequentially, primarily due to lower metal prices, seasonal factors…

October 11, 2011

UAE primary aluminium sector targets growth in Turkey

(MENAFN Press) Against the economic instability in neighbouring Europe, Turkey remains a strong regional economy. Indeed, the International Monetary Fund ("IMF") recently revised the forecast growth for Turkey's economy upwardly…

October 7, 2011

Rusal refinances $11bn debt

Rusal has refinanced loans totaling $11.4bn, the aluminum company announced today. Of this amount, Rusal repaid $4.34bn to a consortium of international lenders under a December 2009 refinancing agreement as…

October 2, 2011

The Lucky Group Contributes To The Middle East’S Aluminium Alloy Production In A Large Way

Lucky Group’s Lucky Alloys has been the leader when it comes to producing Secondary Aluminium and Semi-primary alloys in the Middle East. Their efficient system of collecting scrap from all…

September 23, 2011

Chinalco hopes to develop bauxite mines in Guinea

Aluminum Corp of China (Chinalco), the country's top aluminium producer, hopes to develop bauxite mines in Guinea, the world's top of exporter of the raw material. Luo Jianchuan, a senior…

September 21, 2011

BNP Paribas makes cuts across the board for its outlook on base metal prices

Dow Jones, via Fox News, reports that BNP Paibas analysts are cutting their outlook for base metal prices.

September 20, 2011

Orbite Receives Receipt of Final Prospectus Qualifying its C$57.5 Million Bought-Deal Offering

Exploration Orbite V.S.P.A. Inc. (TSX VENTURE:ORT.A) ("Orbite" or the "Company") is pleased to announce that it has obtained a receipt for its final prospectus filed in each of the provinces…

September 16, 2011

Alcoa to invest $300M in Iowa – analyst blog

Alcoa Inc. (AA) announced that it intends to invest $300 million to expand its Davenport, Iowa rolled products plant in order to meet the rising demand from the automotive market.…

September 16, 2011

Alcoa to invest $300 million, add 150 jobs in Iowa plant

Alcoa (NYSE:AA) announced it will expand its Davenport, Iowa rolled products plant to meet rising demand from the automotive market. The expansion will entail an investment of approximately $300M and…