Demand for aluminum, steel remains firm as scrap prices decline

Mon, 13 Sep 2021 02:32:00 GMT
Primary aluminum and flat-rolled prices continued to rally during the week ended Sep. 10, as spreads to scrap input costs expanded. Hot-rolled coil prices held just below record highs and as US al...
Tags: AluminumSteel

Chance Aluminum Establishes Williamsport, Pennsylvania, Production Plant

Mon, 13 Sep 2021 02:31:00 GMT
Chance Aluminum Corp. will invest $19 million to open a manufacturing operation in Williamsport, Lycoming County, Pennsylvania. The project is expected to create over 100 jobs. The company recentl...
Tags: Aluminum

Aluminum Industry Frets That Its Supply Snarls Have Just Begun

Mon, 13 Sep 2021 02:30:00 GMT
Supply-chain snags that have roiled commodity markets and helped push aluminum prices to a 13-year high this week are unlikely to ease any time soon. That’s the message coming from producers...
Tags: Aluminum

Aluminum Co. of China Lifted to "Buy" at Zacks Investment Research

Mon, 13 Sep 2021 02:11:00 GMT
Aluminum Co. of China (NYSE:ACH) was upgraded by Zacks Investment Research from a hold rating to a buy rating in a report released on Friday. The brokerage presently has a $25.00 target price on t...
Tags: AluminumAlumina

CM urged to cancel bidding for virgin mines

Mon, 13 Sep 2021 02:09:00 GMT
Civil society members on Saturday in a letter to Chief Minister Naveen Patnaik urged cancellation of the bidding process for seven virgin mines, tenders for which have been issued by the Steel and...
Tags: AluminumBauxite

Public resistance against Maliparbat bauxite mines grows in Odisha's Koraput

Mon, 13 Sep 2021 02:07:00 GMT
Resistance against Maliparbat bauxite mines has gathered momentum with tribals as well as activists from across districts upping their ante ahead of the public hearing for environment clearance by...
Tags: AluminumBauxite

Russia's Rusal repays part of debt as shareholders keep it dividend free

Mon, 13 Sep 2021 02:05:00 GMT
Russia’s Rusal has repaid 27 billion roubles ($371 million) of debt to Russia’s largest lender Sberbank ahead of schedule, the aluminium giant said in a statement on Friday, as its sha...
Tags: AluminumBauxiteAlumina

Indian Government Approves ?2.67 Billion In New Bauxite Mining Projects For Chhattisgarh

Mon, 13 Sep 2021 02:04:00 GMT
Earlier this week the Indian government approved of ?2.67 billion (US$36.3 million) in new bauxite ore mining projects for the state of Chhattisgarh. On Tuesday, Chief Minister of Chhattisgarh Bhu...
Tags: AluminumBauxite

Newport stuffs Bauxite on goal-line stand

Mon, 13 Sep 2021 02:03:00 GMT
Newport's offense stunned Bauxite with size and speed in the first half, and the Greyhounds' defense stonewalled the Miners with a fourth-quarter goal-line stand with the game on the line....
Tags: AluminumBauxite

‘No more government bailouts’ for SOEs: Public Works DG

Fri, 10 Sep 2021 03:13:00 GMT
DURBAN - DEPARTMENT of Public Enterprises director-general Kgathatso Tlhakudi said the government would no longer be funding bailouts for state-owned enterprises (SOEs). According to the National ...
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