R/€ = 17.22 Change: -0.13
R/$ = 14.84 Change: -0.12
Au 1786.07 $/oz Change: -12.96
Pt 1031.59 $/oz Change: -14.64

Aluminium News

. . . alumina prices to be firm until 2007

By: tom robbins     3rd October 2003 Alumina spot prices are expected to remain high until 2007 before the market rebalances, according to James Salter, a senior metals analyst at Metal Bulletin Research. 

World aluminium demand to be buoyant in 2004 . . .

By: tom robbins     3rd October 2003 Global demand growth for aluminium will be strong in 2004, fuelled by explosive consumption in China and a recovery in the world economy, according to Adam Rowley, a commodities analyst at Macquarie Bank Limited. 

Ukraine alumina producer to up bauxite imports

30th September 2003 Ukraine's major alumina producer, Mykolayivsky Hlynozemny Zavod (MHZ), will increase imports of bauxite from Guinea to three million tons in 2005 from 2,1-million in 2003, Interfax-Ukraine news agency said yesterday. 

Former Transnet head to be Western Areas chair

12th September 2003 The outgoing head of South Africa's state-owned transport utility Transnet, Mafika Mkwanazi, will take up the post of non-executive chairperson at gold miner Western Areas, the company said yesterday. 

BHPB says Mozal expansion completed

2nd September 2003 Global diversified miner BHP Billiton said last week its Mozal II aluminium smelter in Mozambique had now reached full production, seven months ahead of schedule. 

BHPB appears beaten to Drax bid

1st September 2003 International Power entered at the weekend into exclusive talks to take control of Drax, Britain's biggest power station, after beating off competition from three other bidders, the companies said. 

Alcoa says no pressure to raise Elkem stake

29th August 2003 US aluminium giant Alcoa feels no pressure to try to raise its stake in Norwegian metals group Elkem after a failed 2002 bid to win control, chief executive Alain Belda was quoted as saying yesterday. 

Brazilian giant strengthens alumina hand

By: Keith Campbell     29th August 2003 BRAZILIAN mining, logistics and energy group CVRD is investing $854-million in expanding its bauxite and alumina production. 

Chinese aluminium smelter delayed

20th August 2003 Chinese aluminium producer Shanxi Guanlu said yesterday that Beijing had not yet approved construction of its new plant, which was initially scheduled to start operations next April. 

New Chinese aluminium group on growth mission

11th August 2003 Newly created China Aluminium Group said it planned to hike aluminium capacity by 67% to 800 000 t/y by end-2003 or early 2004, rivalling Chalco as the country's top producer. 

Suriname alumina refinery output to rise 12%

6th August 2003 Partners in Suriname's Paranam alumina refinery said yesterday they would spend $65-million to boost annual production at the South American plant by 12%. 

Nigeria defers naming bidder for aluminium plant

9th July 2003 Nigeria said yesterday it had deferred the selection of a preferred bidder for its mothballed Alscon aluminium smelter because of a general strike that crippled the oil-producing country for over a week. 

Burlington starts oil production from Algeria

9th July 2003 US oil exploration company, Burlington Resources, said yesterday it has started production from its Menzel Lejmat North (MLN) oilfield in Algeria. 

Global copper output falls

8th July 2003 A drop in Zambian copper output due to smelter repairs and losses in Serbia because of insufficient funds are partly to blame for cuts in Reuters Metal Production Database (MPD) copper output forecasts for Africa and Eastern Europe. 

Alcan may have to sell Pechiney assets in takeover

8th July 2003 Canadian aluminium maker Alcan's takeover bid for Pechiney, if successful, could lead to the disposal of some of the French firm's European downstream assets to overcome competition concerns, analysts said yesterday. 

Australian alumina plant to increase output

4th July 2003 Alcoa said yesterday it would spend A$400-million to expand its Pinjarra alumina refinery in Western Australia state by 2005. 

Nigeria seeks to sell stake in aluminium smelter

2nd July 2003 Nigeria said yesterday it was seeking to divest up to 70% of its equity stake in its Alscon aluminium smelter to one of two suitors who will be selected as a core investor next week. 

Aluminium group targets 400 000 t from Asian unit

24th June 2003 Canada-based Alcan's only aluminium rolled products maker in Asia said yesterday it would produce over 400 000 t this year, up 14% from 2002, with a target of 500 000 t in 2005. 

Soft demand weighs down E Asian aluminium prices

20th June 2003 Most South Korean and Taiwan aluminium importers have ended premium talks for long-term Western supply contracts, tracking their Japanese counterparts in trimming term premiums partly due to sluggish demand, traders said yesterday. 

Pechiney still keen on Corus aluminium assets

19th June 2003 French metals company Pechiney said on Tuesday it was still interested in buying some of Corus Group's aluminium assets if the Anglo-Dutch company put them up for sale again. 

US aluminium orders remain low

13th June 2003 The Aluminum Association's latest figures show US aluminum orders for all categories rose a seasonally adjusted 19% in May over month-earlier figures, according to BB&T Capital Markets' research report citing the data on Wednesday. 

Nigeria to select aluminium smelter buyer in July

10th June 2003 Nigeria will select its preferred buyer for the mothballed Aluminium Smelter Company of Nigeria (Alscon) in July, four years after it was shut down, a public enterprises official said yesterday. 

Kaiser’s Valco smelter to operate fully by 2006

2nd June 2003 Kaiser Aluminum and Chemical Corporation said on Friday it signed a memorandum of understanding with Ghana and Volta River Authority for its 90% owned Volta Aluminum (Valco) smelter in Ghana to be fully operational by January 2006. 

Russian aluminium producer to raise output

30th May 2003 Russia's top aluminium producer RusAl will raise production by 1,25-million tons within the next five years by building a new smelter, buying existing ones and expanding current capacity, a top official said yesterday. 

S Korea’s imports of Chinese aluminium rising

By: laurian clemence     29th May 2003 South Korea's imports of Chinese primary aluminium ingots have been soaring due to competitive prices and prompt shipments, and demand is expected to continue, traders said yesterday. 

Ample supply to keep aluminium in surplus

5th May 2003 Expansions to aluminium capacity in the next few years will keep the metal in significant supply surplus and prices weak, as demand fails to match rising output, but analysts say this has not deterred producers from planning the next wave of projects. 

China launches giant aluminium group

30th April 2003 China formally launched this week a giant aluminium group called the Aluminium Industry Group of China, in an effort to boost competition and rein in the country's overheated aluminium expansion. 

Ample supply to keep aluminium in surplus

16th April 2003 Expansions to aluminium capacity in the next few years will keep the metal in significant supply surplus and prices weak as demand fails to match rising output, but analysts say this has not deterred producers from planning the next wave of projects. 

Mozal II produces first aluminium

9th April 2003 The world’s largest diversified miner, BHP Billiton, announced yesterday that the first aluminium was cast at its expansion project at the Mozal II aluminium smelter near Maputo, in Mozambique. 

Chinese aluminium output climbs strongly

8th April 2003 The faster-than-expected expansion of China's aluminium industry is the major driving force behind rising global aluminium smelter capacity and output forecasts this year and next, the Reuters Metal Production Database (MPD) shows. 

Guinea concerned about drop in bauxite revenues

4th April 2003 Guinea's bauxite revenues have fallen by about 30% between 1998 and 2002 because of deteriorating quality and a drop in world prices, a senior official at the mines ministry said this week. 

Nigeria completes aluminium smelter equity restructure

3rd April 2003 Nigeria said yesterday that shareholders of its mothballed aluminium smelter ALSCON have agreed on a new equity structure for the company, paving the way for its planned sale in May. 

China aluminium smelters to close old lines – report

2nd April 2003 Eight major Chinese aluminium smelters plan to close older production lines with combined capacity of 450 000 t/y by the end of 2005, the official Xinhua news agency said yesterday. 

Aluminium and zinc roles in Southern Africa

28th March 2003 A Canadian engineering company has played a significant role in Southern Africa’s aluminium and zinc industries. 

Resources group’s African projects advancing

By: Deborah Spicer     14th March 2003 Several of the African projects that diversified mining company BHP Billiton has in its project pipeline will be completed this year and early next year. 

Asian countries turn to China for alluminium

28th February 2003 Taiwan and South Korea are accelerating imports of Chinese aluminium, partly in response to tightening supplies from the west, traders said. 

Guinea aluminium smelter project on hold

25th February 2003 The international consortium planning to build an alumina refinery in the West African country of Guinea said a separate project to construct an aluminium smelter was on the back burner for now. 

Firm adds variable-speed drives to its motor range

By: candice haase     21st February 2003 A local distributor for the motors and drives industry has added variable speed drives (VSDs) to the range of equipment it supplies. 

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