Background: The CIG, a prominent union in Galicia representing worker rights, has been in talks with Alcoa to ensure job security and uphold production standards. Alcoa’s plant in San Cibrao, A Mariña, is pivotal in the aluminum production landscape. The company had earlier shut down its electrolysis tanks and has now temporarily halted operations in the smelting section, which remained...
China’s slowing economy is impacting the metal market with prices on a decline. As a major consumer of metals, its economic deceleration prompts traders to look elsewhere, specifically towards oil and select agricultural commodities. Metals Feel the Heat Hedge funds, eyeing the broader picture, anticipate a deeper slump in metals, ranging from platinum and aluminum to silver and copper. This...
Russia’s Unyielding Hold Two years after the Ukraine invasion, the West’s sanctions against Russia, intended as a fortress of economic isolation, exhibit vulnerabilities, especially in the realm of raw materials. Moscow’s influence persists, supplying an array of essential materials like pig iron, aluminum, ferroalloys, and copper that slip through the sanctions’ net. Dependence on Russian Supplies The Black Sea crisis...
Hindalco Industries, the world’s largest aluminum rolling and recycling company, hits a 52-week high at Rs 508.80, up 5% on the BSE due to a significant increase in trading volumes. The Aditya Birla Group company’s stock has surged 7% in the last two trading days after announcing a partnership with Italy’s Metra SpA for high-speed aluminum rail coach production in...
Every year in June, Russia traditionally hosts the St. Petersburg International Economic Forum (SPIEF). This year was no exception: despite the sanctions against Russia, the forum took place and was attended by a large number of delegates from all of its regions. It discussed not only the prospects of Russia’s economic development, but also concluded agreements on the implementation of...
A new recycling facility is set to turn the Finnish town of Heinola into an aluminium and copper processing hub. The plant, whose construction costs are estimated at 7 million euros, will begin operating next year. The facility consists of a pre-crushing line and a separation line. The operations will have a production capacity of about 2.5 tons per hour,...
Impression Technologies Ltd (ITL) and fischer group have presented novel forming solutions for ultra-high-strength aluminum structures. The developments have the potential for widespread application in automotive production, especially in electric vehicles. Who Since becoming ITL’s first globally accredited HFQ (Hot Form Quench) partner in December 2020, fischer has invested in a dedicated state-of-the-art high volume HFQ manufacturing line in Achern,...
