Alcoa has announced it will split into 2 companies, each separately traded public companies. Here is the press release. More information and analysis later. Lightweight metals leader Alcoa (NYSE:AA) is today announcing that its Board of Directors has unanimously approved a plan to separate into two independent, publicly-traded companies, culminating Alcoa’s successful multi-year […]
Readers of the AZ China Weekly Carbon Products Monitor will notice that in this week’s report we mention that a new smelter will be built using 600Ka technology. Chongqing Qineng has announced that they will be adding a new potline to their smelter, and this new line will run at 600Ka. That’s pretty remarkable, given […]
Chinese domestic media sources are reporting that Chalco is to dispose of its 30% interest in the Qinghai Yellow River hydropower Recycled Aluminium company. The value is said to be 600 million RMB, though it is not clear whether this valuation is per Chalco’s book value or some other valuation. Chalco will exit its position […]
In case you missed it, Andy Homes, a columnist with Reuters, published an article late last week which examined the question of whether the world’s aluminium industry would maybe run out of the third critical element needed for making aluminium - petcoke. The article drew upon the findings of the recently released study that AZ […]
Well-known aluminium analyst and commentator Lloyd O’Carroll has joined the ranks of CRU. Lloyd will become their go-to man for all things USA in the world of aluminium. Lloyd has a long history in the light metal, having previously been with Reynolds Aluminum as their economist until 1997. In later years, he was with Davenport […]
Readers of this blog will have seen that Reuters’ Andy Home published an article last week discussing some of the findings of the recently released study “Anode Coke Outlook to 2025”. Andy asked the question, just how well prepared is the aluminium industry to this eventuality? The aluminium industry and the analysts and commentators […]
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