Change time

The global aluminum market continues to expand

In Astana, capital of Kazakhstan, has recently held a meeting headed by the First Deputy Prime Minister Sagintayev Bakitzhanom, the main issue was that the formation of an aluminum cluster, whose location will be a free economic zone «Pavlodar». The meeting was also attended by the Akimat of Pavlodar region, representatives of the Ministry of Investment and Development, representatives of the Ministry of Finance. The meeting discussed aspects of development of ferrous metallurgy in the Pavlodar region, mainly stipulates the possibility of expanding the sectoral focus of the free zone through the creation of the aluminum sector.

Earlier negotiations were conducted by the Akimat of Pavlodar region, the company «Alkomet» and Kazakhstan electrolysis plant, the main theme of which was the implementation of the project to build production focused on the creation of aluminum extrusions and foil. The meeting was completed the signing of a memorandum of cooperation.

Company «Nalco», India, also plans to expand production capacity, which plans to build a production plant in Iran to obtain primary aluminum with an annual capacity of 0.5 mln. Tons, as well as the construction of power plants with capacity of 1,000 MW. The planned investment in this project will amount to about 3 billion. USD. As it is for this reason, the emphasis is on other countries, have in stock a vast source of energy. This kind of cooperation not only in the hands of India — in May 2012 the Ministry of Trade and Industry of Iran voiced calculations, according to which the production volumes of the national aluminum reached 1.5 million tonnes by March 2025… The Iranian government hopes to bring the country on the 14th place among the primary aluminum producers by the end of next year.

The cost of aluminum production continues to grow — the company «Novelis» has once again increased the price of aluminum rolled products for the Canadian and American consumers. Changes in the price touched in the first car rental 5xxx and 6xxx series, whose value will increase by USD 132.3, also more expensive rental and special 1xxx 3xxx — its price will increase by 66,15 USD. However, this increase was not the first in May of this year, changes have affected new orders of German consumers, whose value increased by 5%.

See all news