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Smelter problem costs NZ economy
A technical problem at an aluminium smelter has cost the New Zealand economy about NZ$70M ($38.8M) analysts said.
Shanxi idles capacity
China’s Shanxi Guanlu is to idle 40kt of aluminium capacity due to low prices and weak demand.
Norsk Hydro CEO to step down
Norsk Hydro’s CEO Eivind Reiten stepped down on March 30.
Vedanta to invest in Al
Vedanta Group said it is to invest INR700bn ($13.3bn) in India by 2011-12.
Century closes Ravenswood smelter
US group Century Aluminium has closed its smelter in Ravenswood, Virginia, USA with the loss of more than 650 jobs.
China Al exports down
The first month of 2009 witnessed sharp declines in China’s exports of both primary metal and semifabricates, a sign of continuously weakening demand outside the country.
ABB commissions world’s largest aluminium smelter potline
Sohar Aluminium Company (SAC) has installed the world’s largest aluminium smelter potline in Oman.
NALCO to incur losses for first time
India’s National Aluminium Company (Nalco) may incur losses for the first time in its history in 2009-10 if the current global economic slowdown continues, said its chairman.
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