Asia

Nalco Signs Memo of Understanding with Iran on Aluminium Smelter

Nalco Signs Memo of Understanding with Iran on Aluminium Smelter

The National Aluminium Company Limited (Nalco) announced yesterday that it signed a Memorandum of Understanding with Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO) to investigate the feasibility of establishing a joint venture to build and operate an aluminium smelter...

Events

Iran Seeks US$10 Billion to Revive Domestic Aluminium Industry

The government of the Islamic Republic of Iran is in search of a US$10 billion investment to help it kick-start its domestic aluminium industry. Experts expect the industry to export over sixty percent of production, tapping into the growing global demand for the versatile metal. “The government of President Hassan Rouhani has decided to revive […]

Shandong Weiqiao Given Government Green Light to Build Refinery in Indonesia

A trade publication in the People’s Republic of China reported last week that Shandong Weiqiao Aluminum and Power Co., Ltd.’s alumina project planned for Indonesia has been approved by the Chinese government. China Non-ferrous Metals Network indicated that the project, which is expected to result in a refinery with a capacity of two million metric […]

Hindalco Stock Corrected 6% Over Past Two Trading Sessions

Stock of India’s Hindalco Industries Ltd. has experienced a 6% correction over the last two trading periods on the National Stock Exchange of India. Experts say the slide in the Aditya Birla Group subsidiary is due to a similar dip in the price of primary aluminium on the LME. Although the sector has experienced a […]

EGA Power-Saving Design Wins Regional Award

Abu Dhabi’s Emirates Global Aluminium (EGA) was awarded the Productivity Award in the 2016 Ideas.Arabia Idea of the Year Competition last week. The firm’s winning idea involved welding joints to reduce voltage drops across such joints. “Continuous improvement and innovation is integral to the DNA at EGA. In today’s highly competitive world, the creativity and […]