News

Aluminum Association welcomes three new member companies

The new member additions come at a time of continued demand growth for aluminium. According to recent preliminary Aluminum Association data, the North American aluminium industry shipped an estimated 25.5 billion pounds of aluminium in 2014, the most since 2006. More recent data shows 3.1% year-over-year demand growth through April 2015. From the 2009 baseline, demand for the metal in the U.S. and Canada has risen by nearly 40%. 

“We’re excited to welcome these new member companies to the Aluminum Association,” said Heidi Brock, President & CEO of the...

Alcoa: Solid Second Quarter 2015

Profitability from Alcoa’s growing aerospace and automotive businesses increased year-over-year as mid and downstream investments delivered positive impact.

In the upstream, the Primary Metals business was resilient in the face of market headwinds and the Alumina business delivered its strongest first half results in eight years. 

Fiona Cincotta, a Senior Market Analyst at Read more

Rio Tinto’s Kitimat smelter begins production

The modernised smelter, which was delivered in line with the revised schedule and budget, is powered exclusively by Rio Tinto's wholly owned hydro power facility and uses the company's proprietary AP40 smelting technology which will effectively halve the smelter's overall emissions.

Aluminium chief executive Alf Barrios said "The modernisation of Kitimat will fundamentally transform its performance, moving it from the fourth quartile to the first decile of the industry cost curve. At full production, Kitimat will be one of the most efficient, greenest and...

Garmco and Fives to launch re-melt expansion project

The Re-melt Project is an Engineering, Procurement & Construction (EPC) Turn-Key project, which will enable GARMCO to develop its metal recycling capability and lower the cost of metal casting. The project will run for a duration of approximately 21 months, starting September 2015. The first stage has already commenced and is being managed internally by GARMCO with the support of a local supplier. This stage consists of the construction of a scrap storage area and segregation unit. The new project, once complete, will enable GARMCO to produce 120,000 tonnes of aluminium slabs....

Joint venture announcement

The new joint venture will be named “Otto Power LLC” a Michigan based corporation.


“This Joint Venture partnership represents a milestone for both companies in their pursuit of cutting edge, energy-saving, green technology applications,” said Gary Gariglio President & CEO, Interpower Induction, USA.


Otto Junker’s COO, Atilla Somuncu said next...

US$10 million investment to advance Bel Air Bauxite Project

Alufer advised that it has drawn down on the first tranche of US$6 million (of the US$10 million available) under the Facility. While the terms of the Facility are confidential, the loan has a 12 month term, extendable to up to 18 months at the request of the Company.

The Facility funds will be used to cover the completion of the Mining Convention process and to finalise the additional social and environmental studies and pre-construction technical work. This preparatory work will ensure that upon securing Construction Financing, Alufer will be ready to commence...