News

New Arconic President

Arconic has announced that Eric Roegner, Chief Operating Officer of Investment Castings, Arconic Titanium and Engineered Products and President of Arconic Defense, has been named President of Arconic Global Rolled Products (GRP), effective immediately.  Roegner continues as President of Arconic Defense. He succeeds Kay Meggers who is leaving Arconic effective June 2 to become a faculty member at the Gordon Ford College of Business at Western Kentucky University.

Alumina increase

UC Rusal has announced the launch of a new digestion train at the Urals Aluminium Smelter (UAZ). The total amount of investment in the project exceeded 1.1 billion rubles.   Upon commissioning the new digestion train that consists of 82 units, the refinery will expand alumina production by 130 thousand tonnes per year. Total annual output of UAZ will reach 900 thousand tonnes of alumina. New equipment will increase the safety and energy efficiency of the production process resulting in cost reductions of alumina.   The construction of the new digestion train lasted two...

New US rolling mill

Braidy Industries Inc. to spend $1.3 billion to build the highest quality, lowest cost auto body sheet and aerospace plate aluminium rolling mill in the United States. The Braidy rolling mill seeks to become the nation’s low cost producer of high quality auto body sheet aluminium, plate and ultra-high strength alloys for the Aerospace industry. The mill will open with capacity of 370,000 tons per annum, producing series 5000, 6000, and 7000 aluminium sheet and plate products. Braidy is also exploring new scientific nano-crystaline technical advances capable of improving...

LME News

HKEX and LME announce new LME Chief Executive and Leadership Structure. Hong Kong Exchanges and Clearing Limited (HKEX) and the London Metal Exchange (LME), a wholly-owned subsidiary of HKEX, are pleased to announce the appointment of Matthew Chamberlain as Chief Executive of the LME effective immediately subject to the approval of the Financial Conduct Authority (FCA) of the UK.   Mr Chamberlain will remain on the LME Board and will continue as a member of HKEX’s Management Committee.   Mr Chamberlain has been the interim Chief Executive since January 2017 and was...

Mechatherm expands

Mechatherm Services continues to grow, adding both a Junior Service Engineer position and a Mechanical Engineer to the team. The UK service division now employs eight people in various roles and will work to add yet more to the team as the company expands into the Middle East with its first branch office.

Rusal: LMZ SKAD share

UC Rusal has acquired share of the foundry and mechanical production facility SKAD (SKAD), which is a producer of aluminium alloy car wheels, located in Krasnoyarsk.   Under the terms of the transaction, Rusal will own a stake in the authorised capital of LMZ SKAD LLC and its founder, Idris Zakriev, will remain as Chief Executive Officer of the production facility. SKAD produces alloy wheels for the Russian and overseas auto markets and, due to the growing consumer demand, SKAD’s management decided to raise funding by attracting a strategic partner for further...

Alba Line 6 update

Aluminium Bahrain B.S.C. (Alba) has secured commitments of c. US$ 700 million from Export Credit Agency (ECA) supported facilities to finance Line 6 Expansion Project.   The facilities are made-up of a dual tranche of c. US$ 310 million and c. EUR 315 million SERV Guaranteed Export Credit and c. EUR 50 million Euler Herms Guaranteed Export Credit.   The SERV-backed facility will fund the Company’s Power Station 5 (PS5) wherein General Electric (GE), EPC contractor, will provide three 9HA gas turbines, three steam turbines and three heat recovery steam generators...