Konecranes

Value of UK metal recycling grows 1%

The value of the UK metal recycling market is projected to reach £1877.5M in 2008 – an increase of just 1%.

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Chalco Q3 profit down 93%

The Aluminium Corporation of China (Chalco) suffered a 92.9% slump in net profit in the Q3 period last year.

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Aba Aluminium set to start production

Aba Aluminium Smelter, a wholly owned subsidiary of Chongqing Bosai Minerals Group, was set to put a 110kt/y potline into production in December last year.

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Madras suspends aluminium production

Madras Aluminium has temporarily suspended its entire aluminium production  due to a continuous fall in the prices of the metal.

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Nalco agrees Indonesian smelter

India’s National Aluminium Co (Nalco) has entered in a memorandum of understanding with United Arab Emirates-based Rak Minerals & Metals Investments (RMMI) to set up a smelter in Indonesia.

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Vedanta to proceed with Orissa plan

Vedanta Resources will continue with its Rs500M ($10.3M) investment plans for Orissa, India despite the global financial meltdown.

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Hindalco’s Utkal site set to go ahead

Hindalco Industries is expected to attain financial closure of its proposed 1.5Mt Utkal alumina refinery project by the end of March.

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Alcoa gets 30 year power deal

Alcoa has finalised power agreements which will see the provincial government of Quebec, Canada supply it with energy until 2040.

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Konecranes