News

LME to implement charge-capping as final part of warehouse reforms package

The London Metal Exchange (LME) has announced its intention to introduce caps on maximum rates charged by LME-registered warehouses following a market-wide consultation. This is the final part of the three-year-long warehouse reform programme designed to enhance the LME’s warehouse network and to ensure that it fully serves the requirements of the global metals market.

“We would like to thank all those who took part in discussions and consultations over the last three years, which have been invaluable in ensuring that we took the most informed and balanced action in...

Alcoa board approves separation

Alcoa Inc has announced that its Board of Directors has approved the completion of the company’s separation into two independent, publicly-traded companies.

Arconic will be a leading global provider of high-performance materials and engineered products to the aerospace, automotive and other growth industries, positioned for profitable growth.

Alcoa Corporation will be a globally-competitive industry leader in bauxite, alumina and aluminium products, positioned to succeed throughout the market cycle. The separation is scheduled to become effective before the opening...

Kitimat open to community

Rio Tinto has welcomed employees and community members of all ages to visit its modernised Kitimat smelter.

Gareth Manderson, general manager of Rio Tinto BC Works says: "This smelter represents the next chapter built on our 60 year legacy as a leading aluminium producer here in Kitimat. The modernisation project was the largest private infrastructure investment in BC's history. It has doubled the production of the smelter while reducing overall emissions by nearly 50 percent. Our leading-edge facility is now one of the greenest in the world and produces aluminium with...

GLAFRI new president

Global Aluminium Foil Roller Initiative elects Oliver Hommel as new president

Oliver Hommel, Head of Product Area Foil BU Global Products Hydro Aluminium, has been elected President of the Global Aluminium Foil Roller Initiative (GLAFRI) at the organisation’s General Assembly held in Shanghai.

GLAFRI is the global association coordinating actions on sustainability in order to support foil market growth and promote innovative developments. Almost 10% of annual global aluminium primary production is converted to aluminium foil.

The initiative is happy to...

Anglesey demolition plans

Anglesey Aluminium site demolition plans unveiled...but landmark chimney stays for now

The developers of a huge new biomass plant have submitted plans to knock down parts of the former Anglesey Aluminium site on the island.

A demolition notice has been lodged with the island’s council planners by the Orthios Group to make way for the billion-pound project.

The application will see the flattening of several one-storey buildings which used to house the potlines, metal products and green carbon processes.

Others set to be removed include the carbon...

Auto body sheet growth

Constellium and UACJ Announce Opening of their Joint Venture’s Automotive Body Sheet Plant in Bowling Green, Kentucky.

The strategically-located 225,000 square foot facility will house an initial capacity of 100,000 metric tons.

It has secured its metal supply with both partners’ rolling mills. With cutting-edge equipment and technologies, the facility expects to offer a flat rolled product portfolio for a wide range of applications including closure panels, as well as body structures. The plant is currently in qualification phase, with ramp-up planned over the...

Sapa upgrades

Sapa is investing in new production lines at sites in Belgium and Sweden to meet the surging demand for larger and thinner-walled aluminium products in the rail industry.

Sapa is increasing from 6,500 to 8,200 tonnes the force of the large aluminium extrusion press at its plant in Lichtervelde, Belgium. The added power will enable the company to extrude 6xxx-series profiles that are up to 620 mm wide and up to 26 meters long, with an extremely thin wall thickness down to 1.6 mm. This reduces the amount of aluminium used in the section and lightens an already weight-saving...

Joint venture amendments

Alcoa Inc. and Alumina Limited have announced that they have agreed to make certain changes to the Alcoa World Alumina and Chemicals (“AWAC”) joint venture that will enhance value for Alcoa, Alumina, and their respective shareholders.

In conjunction with these amendments, the parties have agreed to terminate their litigation in the Delaware Court of Chancery relating to Alcoa’s pending separation into two independent, publicly traded companies. Alcoa Inc. remains on track to complete its separation in the second half of 2016.

In general, the changes to...