Aluminium International Today News

UC Rusal strikes Chinese deal

Published: November 01, 2009 by Greg Morris

The Chinese company, officially known as China North Industries Corporation, said the deal meant Rusal would supply 20kt/m of aluminium to Shanghai for sale on the spot market.

Rusal is trying to reach agreement with foreign creditors on $7.3bn of debt by mid-November to pave the way…

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Chinese production at record levels

Published: November 01, 2009 by Greg Morris

But the production ramp-up has caused downward pressures on the market. Latest data from the CNIA shows that China’s primary production hit a record 1.22Mt in September, up 5.7% m-o-m and rising 5.5% y-o-y, the first y-o-y gain seen this year.

That equates to an annual rate of 14.83Mt,…

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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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