Aluminium International Today News

Vedanta plans Al demerger

Published: April 12, 2010 by Greg Morris

If approved it would help the conglomerate owned by Indian tycoon Anil Agarwal get a higher valuation for its aluminium business.

London-listed Vedanta has hired Morgan Stanley, Credit Suisse and JP Morgan Cazenove to put together a plan that would result in Vedanta Aluminium being…

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Nalco receives bauxite mining clearance

Published: April 12, 2010 by Greg Morris

The new mine in Potangi, a few kilometres from Nalco’s existing mine in Orissa, has bauxite reserves of more than 70Mt.

BL Bagra, Nalco finance director, said the company would now need  clearance from the government after which operations could take three-five years to begin.

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Converteam main drive powers giant rolling mill

Published: April 12, 2010 by Greg Morris

The Alunorf mill in Neuss, Germany rolls aluminium coils with a width of up to 1650mm and 6mm entry thickness in several passes to a minimum final thickness of 0.2mm.

The revamp of the rolling train drive with a 25% increase in power and a 25% increase in maximum speed will enable…

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Chinalco sets 2010 target

Published: April 12, 2010 by Greg Morris

The company predicts sales revenue to reach RMB170-180bn ($25bn) in 2010, up from RMB142bn ($20.7bn) last year.

Lu Youqing, Chinalco vice president, said his company re-started earning operating profit in August 2009, and turned prof-itable in the second half of the year. The company’s…

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Chinese imports decrease

Published: April 12, 2010 by Greg Morris

According to China Customs, Chinese primary imports were 40kt in January, down slightly from 42kt in December but still rising 133.7% y-o-y. Primary exports were 9100t, down from the 27.3kt recorded for December 2009.

Net imports were 30.9kt in January, up from 14.8kt in December 2009.…

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Price plan at Sichuan

Published: April 12, 2010 by Greg Morris

The scheme allows smelters that buy electricity directly from power plants to link the power price to the aluminium price during the low water season. Under the policy, five smelters can buy electricity directly from coal-fired power plants at prices pegged to the aluminium price.

The…

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