Aluminum

Two partners in the world's top aluminium producer, UC RUSAL , want to sell their stake to a third tycoon, Alisher Usmanov, owner of an iron ore miner and shareholder in Norilsk Nickel, Vedomosti reported on Friday.

Chinese state-owned energy giant China Power Investment Corporation plans to invest six billion dollars to develop bauxite production in Guinea, the world's largest exporter of the main source of aluminium, a senior executive said here Saturday.

Finnish mineral processing company Outotec more than doubled its profits for the first half of 2011.

Noranda Aluminum Holding Corporation (NYSE: NOR) today reported results for second quarter and first six months of 2011. “Our upstream integration and continuing focus on growth and productivity enabled us to convert higher second quarter aluminum prices and solid customer demand into sequential and year-over-year improvements in revenue, profitability, and liquidity,” said Layle K. (Kip) Smith, Noranda’s President and Chief Executive Officer.

David Knox, Santos chief executive, says the expected skills shortage has not yet affected his company. Picture: Calum Robertson Source: News Limited SANTOS chief executive David Knox, whose company is building one of the three $15 billion-plus coal-seam

An electronics recycling company in Badin, Washington was talking Saturday to applicants for jobs at a facility that could employ as many as 200 people. A building that once was part of Alcoa's aluminum smelting operation is being upgraded to house an outpost of Electronic Recyclers International, said company president John Shegerian. "We use manual labor to take the screens out of the machines, and then start segregating the material," Shegerian said. "Then the carcasses all go into the shredding machine." He said the materials are then sold to manufacturers, which use the plastic, aluminum and copper to make new products. The only thing left to dispose of is a little dust. It's a process Shegerian calls "urban mining."

World demand for aluminium will double in the next decade, driven by growing use in aircraft, transportation and luxury cars, the head of major European products maker Amag said on Monday. "We forecast that demand for aluminium will double within the next 10 to 12 years, so a global growth rate of 7 percent. Picture is from Images of Elements.

Reuters Africa reports that China has ordered local governments to cut a total 2.04 million tonnes of aluminium, copper, lead and zinc smelting capacity in 2011.

Alcoa officials and business leaders dismissed an assertion from GOP presidential candidate Mitt Romney earlier this week that a federal labor board’s actions could threaten jobs at the Alcoa plant in Iowa. “No, we don’t see that happening,” Alcoa spokesman Michael Belwood told The Des Moines Register just before President Barack Obama’s visit to Bettendorf Tuesday. Photo of Mitt Romney 2008 campaign rally is from Wikipedia.