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…

September 10, 2011

Coal Shortage Forces NALCO to Cut Aluminium Production

Bhubaneswar, Sep 10 (IANS): A shortage of coal has forced state-owned National Aluminium Company Ltd (NALCO) to cut its daily aluminium production by about 78 tonnes, an official said Saturday.…

September 9, 2011

5 Reasons Rio Tinto Looks Attractive

5. Company Description and Investments Rio Tinto is an Australian diversified mining giant engaged in the exploration, development, production and processing of minerals with product groups aluminum, copper, diamonds and…

September 9, 2011

China to be net aluminum importer – Rio Tinto Alcan CEO

China will eventually become a net importer of aluminum but the timing of this shift is uncertain, the chief executive of Rio Tinto Alcan said Thursday.

September 4, 2011

Shanghai to expand copper, aluminum bonded storage fivefold to boost trade volumes

Increased bonded warehousing space in China, the largest consumer of copper and aluminum, may facilitate larger trade volumes as importers benefit from lower costs. Increased bonded warehousing space in China,…

August 29, 2011

Rusal’s profitability drops 20.5% due to increased debt charges and decrease in net share

UC Rusal, the world's largest aluminum producer, said on Monday that it had net profit of US$1.085 million for the first half of 2011, a decrease of 20.5% compared to…

August 29, 2011

Shares of Aluminum Corporation of China (ACH) are down 4.4 pct after the firm reports a 22 pct drop in H1 net profit. The company says losses from hedging activity and rising sales costs socked profits.

Shares of Aluminum Corporation of China ( ACH ) are down 4.4% after the firm reports a 22% drop in H1 net profit. The company says losses from hedging activity…

August 28, 2011

Two RUSAL partners seek to sell out

Two partners in the world's top aluminium producer, UC RUSAL , want to sell their stake to a third tycoon, Alisher Usmanov, owner of an iron ore miner and shareholder…

August 26, 2011

Guinea and China in talks over bauxite mine, alumina refinery

Guinea is in advanced talks with state-owned China Power Investment to develop a bauxite mine and build an alumina refinery, deep water port and a power plant in the West…

August 21, 2011

Production milestone at Sohar Aluminium

Industry in Omani port city celebrates one millionth tonne of aluminium from $2.4b smelter.