Aluminium International Today News

Rio sells to Schweiter

Published: November 01, 2009 by Greg Morris

The sale of the composite materials manufacturing business known as Alcan Composites takes Rio's announced non-core asset sales to more than $7bn since the programme began in March last year.

The need for Rio to push on with the asset sales programme, as well as to take more drastic…

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India: demand to grow in 2010

Published: November 01, 2009 by Greg Morris

Aluminium consumption is likely to be more than 1.2Mt in 2009/10 (April-March), from last year’s 1.15Mt, said AK Sharma, chairman of the standing committee for non-ferrous minerals and industries at FIMI.

Indian demand increased at 8% in 2007/08 but then slowed in 2008/09. India…

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Chinese election

Published: November 01, 2009 by Greg Morris

The Institute said the CPI reflects the growing importance of China as a global commodity producer and the world’s largest aluminium consumer.

CPI joins Aluminium Corporation of China (Chinalco) as the second Chinese member of the IAI and will be represented on the IAI Board by Guo…

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Alba CEO

Published: November 01, 2009 by Greg Morris

Mr Schmitt was previously president of Rhodia Polyamide a world wide global business of Rhodia Group based in France, and was with the company in three different senior management positions since 2001. He was also with the Pechiney Group for 15 years.

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Ess Dee seeks funding

Published: November 01, 2009 by Greg Morris

The various securities through which funds may be raised include global and American depository receipts, foreign currency convertible bonds and qualified institutional placement.

The company has convened an extraordinary general meeting to obtain approval from its shareholders, Ess Dee…

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China restart

Published: November 01, 2009 by Greg Morris

The company shut the line, which accounts for 36.4% of its total production capacity, in January when the market was hit by the international financial crisis.

The company has 110kt of primary capacity. The restarted pot line is expected to produce 7300t of aluminium in 2009.

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