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IAI:
October World Aluminum Output 2.19M Tons, +77,000 Tons on
Month
World aluminum output in October rose 77,000 metric tons to 2.19 million
tons, compared with 2.11 million tons in September, according to figures
released by the International Aluminum Institute (Dow Jones Commodities
News via Comtex, November 20, 2008).
Corus
to Sell 2 Aluminum Smelters to Klesch & Co.
Corus said that it has signed a non binding letter of intent to sell two
aluminum smelters to a unit of London based Klesch & Co. (Steel
Guru, November 19, 2008).
China's
MOF Releases Details About VAT Rebate
The rebate on some Chinese export products, including aluminum
sheets and strips, will be raised from between 5 and 9 percent to
between 11 and 13 percent as of December 1, the Ministry of Finance
announced on Monday (CCTV.com, November 18, 2008).
Artist
Barcelo Unveils $23 Million Ceiling at UN
Artist Miquel Barcelo has unveiled his lavish, $23 million ceiling
painting at the United Nations featuring bright colors and torn aluminum
set against a 16,000-square-foot, extra-strength aluminum dome specially
constructed with input from particle physicists (Associated Press,
November 18, 2008).
The
Future if Detroit Falls
The failure of one or more of the Big Three automakers would put a huge
initial dent in U.S. manufacturing, but in time, overseas car companies
would pick up the slack by stepping up production in their U.S. plants,
experts say. (International Herald Tribune, November 17, 2008).
Environmental
Conference Targets Regional Governors from Across Globe
A November 18-19 climate change conference organized by California
Governor Arnold Schwarzenegger will feature a breakout session exploring
economic, trade and implementation issues with the application of
targeted approaches to aluminum and other energy-intensive
industries (Los Angeles Times, November 17, 2008).
Aluminum
Provides Sustainable Future for Automotive Market
Thirty years of uninterrupted growth confirms automotive aluminum as a
cost-effective solution - boosting fuel economy, reducing emissions, and
improving safety, Dr. Rick Winter told attendees to the Automotive News
Green Car Conference (Business Wire, November 17, 2008).
New
Belgium Creates New Tap Handles
New Belgium, the eighth-largest U.S. brewer, will replace
25,000 wooden tap handles nationwide in the coming months with cast
aluminum handles inspired by the brewery's bike culture
(Beverage World, November 17, 2008).
China
to Cut or Scrap Taxes on Aluminum, Steel Exports
China, the world’s largest producer of aluminum and steel, will
lower or scrap export taxes next month on some shipments of the metals
to try to bolster slowing economic growth (Bloomberg, November 17,
2008).
Arab
Aluminum Producers See Bright Future
Even as a global economic slowdown threatens to erode demand for
commodities in the coming months, Arab aluminum producers are
looking at a bright future (Emirates Business 24/7, November 16,
2008).
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