News
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Glencore Acquired A 3.03% Stake In The Alunorte Alumina Refinery
Companhia Brasileira de Alumínio Has sold its 3.03% stake in the Brazilian Alunorte alumina refinery to Glencore at a price of 237 million reaals. Once the transaction is completed. Companhia Brasileira de Alumínio will no longer enjoy the corresponding proportion of the alumina production obtain...Read more -
Rusal will optimize production and reduce aluminum production by 6%
According to the foreign news on November 25. Rusal said on Monday, with record alumina prices and deteriorating macroeconomic environment, the decision was made to reduce alumina production by 6% at least. Rusal, the world’s largest aluminum producer outside of China. It said, Alumina pri...Read more -
Asia Pacific Technology plans to invest 600 million yuan in building a production base for automotive lightweight aluminum products at its Northeast headquarters
On November 4th, Asia Pacific Technology officially announced that the company held the 24th meeting of the 6th board of directors on November 2nd, and approved an important proposal, agreeing to invest in the construction of the Northeast headquarters production base (Phase I) for automotive lig...Read more -
5A06 Aluminum Alloy Performance And Applications
The main alloy element of 5A06 aluminum alloy is magnesium. With good corrosion resistance and weldable properties, and also of moderate. Its excellent corrosion resistance makes the 5A06 aluminum alloy widely used for marine purposes. Such as ships, as well as cars, air...Read more -
Global aluminum inventory continues to decline, strong demand drives up aluminum prices
Recently, aluminum inventory data released by the London Metal Exchange (LME) and Shanghai Futures Exchange (SHFE) both show that aluminum inventory is rapidly decreasing, while market demand continues to strengthen. This series of changes not only reflects the recovery trend of the global econom...Read more -
Russian aluminum supply to China hit a record high in January-August
Chinese customs statistics show that from January to August 2024, Russia’s aluminum exports to China increased 1.4 times. Reach a new record, total worthy about $2.3 billion US doller. Russia’s aluminum supply to China was just $60.6 million in 2019. Overall, Russia’s metal supp...Read more -
Alcoa has reached a partnership agreement with IGNIS EQT to continue operations at the San Ciprian smelter
News on October 16th, Alcoa said on Wednesday. Establishing strategic cooperation agreement with the Spanish renewable energy company IGNIS Equity Holdings, SL (IGNIS EQT). Provide funding for the operation of Alcoa’s aluminum plant in northwest Spain. Alcoa said it would contribute 75 mill...Read more -
Nupur Recyclers Ltd Will invest $2.1 million to start aluminum extrusion production
According to foreign media reports, New Delhi-based Nupur Recyclers Ltd (NRL) has announced plans to move into aluminum extrusion manufacturing through a subsidiary called Nupur Expression. The company plans to invest about $2.1 million (or more) to build a mill, to meet the growing demand for re...Read more -
2024 Aluminum alloy performance application range and processing technology
2024 Aluminum alloy is a high strength aluminum, belonging to Al-Cu-Mg. Mainly used for the production of various high load parts and components, can be heat treatment reinforcement. Moderate quenching and rigid quenching conditions, good spot welding. The tendency to fo...Read more -
Concept and Application of Bauxite
Aluminum (Al) is the most abundant metallic element in the Earth’s crust. Combined with oxygen and hydrogen, it forms bauxite, which is the most commonly used aluminum in ore mining. The first separation of aluminum chloride from metallic aluminum was in 1829, but commercial production did ...Read more -
Bank of America: Aluminum prices will climb to $3000 by 2025, with supply growth significantly slowing down
Recently, Bank of America (BOFA) released its in-depth analysis and future outlook on the global aluminum market. The report predicts that by 2025, the average price of aluminum is expected to reach $3000 per ton (or $1.36 per pound), which not only reflects the market’s optimistic expectat...Read more -
Aluminum Corporation of China: Seeking Balance amidst High Fluctuations in Aluminum Prices in the Second Half of the Year
Recently, Ge Xiaolei, the Chief Financial Officer and Secretary of the Board of Directors of Aluminum Corporation of China, conducted an in-depth analysis and outlook on the global economy and aluminum market trends in the second half of the year. He pointed out that from multiple dimensions such...Read more