Archive for March 2017

Despite Tough Bauxite Market, ABx Turns In Improved Numbers in 2016

Despite Tough Bauxite Market, ABx Turns In Improved Numbers in 2016

Sydney’s Australian Bauxite Limited published financials for the year 2016 yesterday. The firm’s bottom line was appreciably improved for the year despite less-than-optimal conditions in the global bauxite market. ABx reported a total revenue for the year of A$4.1 million, an increase...

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Events

Rusal Increases Aluminium Wire Output at KAZ Thanks to New Rolling Mill

Rusal Increases Aluminium Wire Output at KAZ Thanks to New Rolling Mill

Russian Federation aluminium titan U.C. Rusal announced yesterday the installation of a new rolling mill in its Kandalaksha Aluminium Smelter (KAZ) facility in Murmansk. A part of the US$19.8-million casthouse modernization project being undertaken at the plant, the Properzi rolling mill is expected to turn out up to fifty thousand metric tons of value-added products […]

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Malaysia’s Bauxite Ban Extended Through End of June

Malaysia’s Bauxite Ban Extended Through End of June

Another chapter has been added to the ongoing saga of Malaysia’s bauxite moratorium as the government extended the ban yet again, this time to the end of June. Natural Resources and Environment Minister Wan Junaidi Tuanku Jaafar made the announcement yesterday, pointing out that the decision was made with the agreement of the cabinet and […]

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Australian Government Revises Dumping Margin on Aluminium Extrusions from Malaysia and Vietnam

Australian Government Revises Dumping Margin on Aluminium Extrusions from Malaysia and Vietnam

The Australian government’s Anti-Dumping Commission announced last week revisions in levels of securities on aluminium extrusions from Malaysia and Vietnam. The revisions are a result of an investigation into possible dumping and/or subsidization of those aluminium extrusions launched in October of last year. The new securities levels have Vietnam’s East Asia Aluminium Company Ltd. paying […]

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Sources Say Emirates Global Aluminium Selected US Banks for Coming IPO

Sources Say Emirates Global Aluminium Selected US Banks for Coming IPO

International news agency Reuters reported yesterday that, according to sources with knowledge of the situation, Emirates Global Aluminium has chosen Merrill Lynch Wealth Management, The Goldman Sachs Group, Inc., and JP Morgan Chase & Co. to advise it on a coming initial public offering (IPO). When contacted by Reuters, representatives from the banks in question […]

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Aluminium Wheelmaker Superior Purchases UNIWHEELS for US$715 MM

Aluminium Wheelmaker Superior Purchases UNIWHEELS for US$715 MM

Michigan aluminium wheel manufacturer Superior Industries International, Inc. is soon to acquire German aluminium wheel manufacturer UNIWHEELS AG. According to a press release by Superior, the total purchase price will be US$715 million, and the deal will close at the end of May 2017. The transaction will have Europe’s third-largest supplier of original-equipment aluminium wheels […]

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