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Nalco declines alumina supply to Vedanta

Aluminium major Nalco has declined to supply a trial amount of alumina to Vedanta Aluminium, triggering a controversy...
Source : Webindia123 |
Category : Headlines

EAG to expand globally

Emirates Aluminium Global, or EAG, which is under formation, is aiming to become an international aluminium conglomerate with interests from bauxite mining to aluminium refining and carbon production, a top official said.Emirates Aluminium, or Emal, celebrated a milestone achievement in its $4.5 billion Phase II expansion, when it energised first hot metal, or FHM, on Sunday.Completed three months...
Source : Khaleej Times |
Category : Business

Ford 150 to change demand dynamics for Aluminium in automobiles

Barclays in a report pointed out that aluminium could face the biggest market deficit in 2014 and aluminium substitution in automobiles is also gaining momentum. Automotive industry accounts for 40% of the end demand ..With the introduction of 2015 Ford F-150, aluminium use in automobile is expected to witness a revolutionary change in the market place.Aluminium use was so far restricted to use in...
Source : Commodity Online |
Category : Commodities

Alcoa closure: Avoid the blame game

settings.Hundreds of jobs will be lost when Victoria's Point Henry aluminium smelter closes.The closure of Victoria's Point Henry aluminium smelter is not our fault, and in important ways it's not US-based Alcoa's fault, either.Aluminium is congealed energy. It takes enormous amounts of electricity to drive the electrolytic process that separates aluminium from its oxide, alumina, and there has been...
Source : Sydney Morning Herald |
Category : Business

Alcoa reports first quarter loss

of the world's biggest producers of aluminium, Alcoa has reported a first quarter loss due to falling prices.Alcoa reported a loss of $178m (£106m) for the three months to the end of March.It was hit by an 8% decline in the price of aluminium compared to the same period in 2013.The results also include one-off charges related to the closure of aluminium smelters and rolling mills in Australia and the...
Source : BBC |
Category : Business

Hindalco falls after peer Alcoa disappoints on earnings, outlook

the largest U.S. aluminium producer, reported a massive quarterly loss on Thursday and gave a stagnant outlook on global aluminium demand.Excluding the impairment charge of $1.7 billion on smelter acquisitions and other special items, Alcoa group earnings fell to $40 million, falling short of analysts expectations.Alcoa said it expected global aluminium demand to grow 7 percent in 2014, consistent...
Source : Reuters India |
Category : Others

Raisin muffins here safe to eat, says BreadTalk

(2013)BreadTalk's raisin muffin in Hong Kong contained an elevated amount of aluminium, reported Apple Daily. -- PHOTO: BREADTALKRaisin muffins sold here by home-grown chain BreadTalk are safe to eat, it said yesterday, following media reports in Hong Kong that elevated levels of aluminium had been found in the baked treat.BreadTalk said the aluminium in the Hong Kong muffins came from an employee...
Source : Straits Times |
Category : International

Stocks to watch at close on Wednesday

settings.Alumina's aluminium producing partner Alcoa lost $US178 million ($A192.65 million) in the first quarter as revenue fell on lower aluminium prices, but profit beat expectations after excluding charges to idle capacity at aluminium smelters and mills.David Jones has recommended its shareholders accept a $2.15 billion takeover offer from South African retailer Woolworths.Global engineering group...
Source : Sydney Morning Herald |
Category : International

Alcoa swings to loss, settles bribery case

settings.Aluminium producer Alcoa has reported a larger than expected quarterly loss as it took a $US1.7 billion non-cash impairment charge on past smelter acquisitions.Stubbornly low aluminium prices have hurt the performance of Alcoa's upstream segments, which mine bauxite, refine it into alumina and smelt alumina to produce aluminium.The net loss was $US2.34 billion, or $US2.19 a share, compared...
Source : Sydney Morning Herald |
Category : Business

Metals risk in baby milk: Formula can contain 100 times more aluminium than breast

Metals risk in baby milk: Formula can contain 100 times more aluminium than breastTraces of metal in milk from leading products found to be much higher than is legally allowed in water, according to researchTop brands Aptamil, Cow and Gate and Hipp Organic all contained levels of aluminium which are too high, say the scientistsFormula baby milk can contain 100 times more aluminium than breast milk,...
Source : dailymail |
Category : International