|
China
Reserve Agency Stockpile to Buoy Aluminum Sector
China's State Reserve Bureau will buy 300,000 tons of
aluminum at 12,300 yuan (about $1,750) per ton in January 2009 to push
up prices and support producers (Rednet.Cn, December 27,
2008).
Coke
CEO Talks About Sustainability Efforts
Admitting that “sustainability is critical,”
Coca-Cola's CEO, John Brock, told Wharton’s business journal about
some of the company’s environmentally and socially responsible
decisions over
the past few years (Environmental Leader, December 26,
2008).
RSB
Group to Build Aluminum Complex in Orissa
RSB Metaltech has signed an MOU with the Orissa
government in India to build an INR 6,800 core integrated
light metal aluminum complex (YIEH.com via Steel Guru,
December 26, 2008).
Excellence
Award for Alba Smelter
Aluminium Bahrain (Alba), the largest modern aluminum
smelter in the world,
has received the GCC Excellence Award in nationalisation
(TradeArabia News Service, December 26, 2008).
Alcoa
Says Swap Will Make It Biggest Aluminum Producer
Alcoa says it has agreed to an asset swap that will give it full
control of the Elkem Aluminum ANS smelting business, once again making
Alcoa the world's largest primary aluminum producer. (Pittsburgh
Tribune-Review, December 23, 2008).
NALCO Signs Deal to Build Aluminum Smelter in
Indonesia
India's National Aluminium Co. and United Arab Emirates
government-linked RAK Minerals and Metals Investment have signed a
preliminary deal to build $4 billion worth of aluminum smelter and
coal-fired power projects in Indonesia (Reuters, December 22, 2008).
Alcoa
Completes Power Agreements
Alcoa Inc. completed new power agreements through 2040 in Quebec that
cover about 25 percent of its global smelting capacity (Pittsburgh
Tribune-Review, December 20, 2008).
Bailout
Soothes Area Dealers' Jitters
The Bush administration's decision to loan GM and Chrysler $13.4 billion
is earning praise from both automakers and their upstream suppliers
(Pittsburgh Tribune-Review, December 19, 2008).
Six
Years Later, Solar Wings Set for Station
A 45-foot aluminum girder weighing more than 31,000 pounds and
holding the last set of power-generating solar wings for the
International Space Station will be launched into space
in February (Florida Today, December 19, 2008).
|
