Aluminium International Today News

Yixiang opens refining site

Published: November 01, 2009 by Greg Morris

The RMB2.2bn ($322.2M) facility, which started construction in 2007 as the second phase of the refinery, was completed at the end of last year but has since been left idled because of the market slump. It brings the company’s total capacity to 600kt/y.

The company sells its products…

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Hydro sells automotive structures activities

Published: November 01, 2009 by Greg Morris

The agreement is in line with Hydro’s strategy to focus its extruded activities on profiles solutions and building systems.

The deal is expected to be cash neutral for Hydro, and an estimated after tax loss of NOK250M ($44.2M) will be recognised in Hydro’s fourth quarter 2009 results.…

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Hydro pulls Australian bauxite plan

Published: November 01, 2009 by Greg Morris

Conservationists said the move would save 5500km2 of wilderness from being carved up in the search for bauxite.

The Mitchell Plateau is one of the only places in Australia with no recorded species extinctions since European settlement.

Norwegian-owned Norsk-Hydro confirmed it had…

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Chalco profit returns

Published: November 01, 2009 by Greg Morris

Net income was RMB21.3M ($3M) for the three months ended September 30, down 88% from RMB173M ($25.3M) a year ago, the Beijing-based company said. Sales dropped 11% to RMB17bn ($$2.4bn).

Chalco reduced output after aluminium prices fell 35% last year. Chalco operated at 90% of its…

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EU to impose dumping charges on three countries

Published: November 01, 2009 by Greg Morris

It said in its decision that the duties were up to 30% as a punishment to Chinese exporters for selling the product at below cost, or dumping. The tariffs on Brazilian products are 17.6%, Armenia’s are 13.4%.

The EU accepted an offer by Brazil’s Companhia Brasileira de Aluminio to sell…

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Alcoa commissions Brazilian mine

Published: November 01, 2009 by Greg Morris

The operations consist of a port, a mine and a 50km rail system to the port. Initial output at the mine will be 2.6Mt/y.

Bauxite from Juruti will be shipped to the Alumar alumina refinery in Sao Luis, Brazil which is undergoing a 2.1Mt/y expansion that will bring total production to…

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