Aluminium International Today News

Novelis to close Bridgnorth foil mill

Published: December 14, 2010 by Greg Morris

The announcement comes after a 90-day consultation with the 319 employees at Bridgnorth.

“Despite significant effort by the Bridgnorth team, unfortunately a viable alternative to closure did not emerge for most of the operation,” said Tadeu Nardocci, president of Novelis Europe and…

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Hydro-Vale deal expected to close in H1 2011

Published: December 14, 2010 by Greg Morris

The reason for the delay relates to mining rights and regulatory approval processes in Brazil, which are taking longer than anticipated.

The transaction involves the transfer of a large number of mining rights from Vale to the newly established Paragominas joint-venture company, in…

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Anti-dumping duties

Published: December 13, 2010 by Greg Morris

Commerce plans to slap duties of 59.31% on aluminium extrusions after determining that the Chinese-made products are being sold below fair value in the US.

Once a final decision is made early next year, the duties will not go into effect unless the independent International Trade…

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Kaiser acquires

Published: December 13, 2010 by Greg Morris

The acquisition will cost about $90M cash on hand. The transaction is anticipated to close in December, 2010 subject to satisfaction of closing conditions, including receipt of third party consents.

“Alexco is a well-established supplier of aerospace extrusions which will position…

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Reduced forecast

Published: December 13, 2010 by Greg Morris

Mr Zhang Fenghui, a director at the ministry, said that Henan province, which has already closed 700kt of annual capacity, plans to  close more in the fourth quarter, bringing the total to 1Mt by the end of the year.

Output would rise early in 2011 as the pressure to save power…

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Icelandic smelter expansion

Published: December 13, 2010 by Greg Morris

It will spend $347M to modernise and increase the ISAL smelter’s capacity by 20% following the completion of a long-term energy supply agreement with Landsvirkjun, the Icelandic power utility.

It will spend a further $140M on a leading-edge casting facility to produce value-added billet…

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