Industrial News

Home > NewsCenter > Industrial News

Industrial News

  • 3/3/2011

    Global Alumina Announces Joint Venture Budget Approval

    Global Alumina Corporation (TSX: GLA.U) (the "Company" or "Global Alumina")announced that the joint venture board of directors approved additional Project funding of $8.5 million for the period March 1, 2011 through March 31, 2011. Global Alumina Corporation is a corporation par...

  • 2/20/2011

    BMW Looks to Replace Copper Wire with Aluminum in Its EVs

    BMW's novel aluminum connector tightens as the metal heats up and creep sets in. It could be used to implement an aluminum wiring system in EV to cut costs and weight. Copper is the most frequently used metal in car wiring. And there are some good reasons for that. But the downsides are that its rel...

  • 2/14/2011

    NA Primary Aluminum Production in January Up by 7 pct YoY

    Reuters reported that the annual rate of primary US aluminum production rose 7.0% to 1,784,850 tonnes in January from 1,668,262 tonnes in January 2010 and was up 1.3% from December's annual rate of 1,761,667 tonnes. The Aluminum Association said that actual production for January came to 151,590 ton...

  • 12/22/2010

    Chinese Aluminum Consumption Forecast To Rise 12%

    United Company Rusal (0486.HK)estimates an eight percent year-on-year growth in the worldwide consumption of aluminum in 2011 to 43.8 million tons as demand from the European Union, U.S. and Japan recover, reports yicai.com, citing Rusal. Chinese consumption of aluminum is expected to climb 12 perce...

  • 12/14/2010

    China to Start Aluminum Futures Trading in Near Term, 21st Century Reports

    China plans to start aluminum futures trading in the near term, the 21st Century Business Herald reported today, citing an unidentified official at the China Securities Regulatory Commission’s futures department.

  • 12/6/2010

    RUSAL Bullish on Aluminum Prices, Says Deputy CEO

    As the world’s largest aluminum maker by output — responsible for about 4 percent of the global aluminum production — the Russian company has a rosy outlook on where prices are going in 2011, mainly due to China’s import needs. (The company already purchased a...

  • 10/10/2010

    LME Cancels Some Aluminum Trades on Select Electronic Market After Error

    The London Metal Exchange plans to cancel some aluminum trades made on its Select electronic trading system at 1 a.m. local time, a bourse official said. The cancelation covers 220 lots of the three-month contract traded in a 21 second period after the open, the official from the bourse’s ...

  • 9/28/2010

    Copper Falls From Five-Month High on Concern Slow Growth May Limit Demand

    Copper prices fell from a five- month high on speculation that tepid economic growth signals slack metal demand. Reports last week indicated that the U.S. housing market remains depressed and unemployment may continue to stifle the recovery. Copper probably needs positive economic news to extend the...