The ENAL Newsletter News Page

Here is a smart European investor...

2008-11-19T08:35:00.003-05:00

He is buying dirt cheap aluminum smelters no one believe in anymore, and preparing to become a serious player.
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This Russian greenfield is making further progress.

2008-11-19T08:32:00.002-05:00

We expect a start up around 2011.
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Have you ever seen a lawsuit costing a country 5% of its GDP?

2008-11-19T08:30:00.001-05:00

Well, you will be intrigued by this report anyway! Of course the action is in Central Asia...
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Among others, this Middle East greenfield stays the course.

2008-11-19T08:28:00.002-05:00

It should start producing metal in 2010.
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Aluminum will thrive in the Middle East.

2008-11-19T08:25:00.001-05:00

This paper summarizes the reasons.
Subscribers, click here to read more, with ENAL's comment.

Will the Ghana smelter survive?

2008-11-19T08:23:00.002-05:00

There is a big negotiation going on between Government and unclear parties...
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RusAl renews interest in Venezuela.

2008-11-19T08:20:00.001-05:00

It seems serious but long term.
Subscribers, click here and scroll down to read details.

How the recession and the Icelandic financial crisis affects aluminum investments.

2008-11-19T08:16:00.001-05:00

This report gives a good overall picture and explains which projects are due to survive.
Subscribers, click here and scroll way down for this report.

More progress for Soderberg revampings.

2008-11-05T07:02:00.002-05:00

Soderberg smelters were expected to be phased out for decades. The Lista smelter (Elkem, Norway) proves that the continuous anode cell can be clean and efficient. More Soderberg smelters are transferring its technology. This one is silently making progress...
Subscribers, click here to read about it.

An extra investor for a Malaysian greenfield.

2008-11-05T07:00:00.001-05:00

The project is old, but promising. Technology will be Chinese.
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Rio Tinto-Alcan invests in more hydro-electric capacity.

2008-11-05T06:57:00.001-05:00

The investment is in Saguenay, linked to the future Jonquieres AP50 pilot.
Subscribers, click here to read more.

12.4 MegaWatt-hours per tonne of aluminum!

2008-11-05T06:53:00.002-05:00

This Asian producer is achieving an energy efficiency performance of 12.4MWh/tonne on its latest full-size potline. If it succeeds in successfully transferring this technology, it is a real breakthrough.
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This African politician doesn't know much about aluminum...

2008-11-05T06:51:00.002-05:00

... but his plans for the future of his country's aluminum smelter make sense.
Subscribers, click here to read his speech.

This greenfield project looked impeccable in 2001...

2008-11-05T06:41:00.003-05:00

... and after already costing an arm and a leg in various feasibility studies and preliminary ground-breaking, waiting long enough for the local energy scene to completely change, has become a major liability. Its original sponsor was planning to make of it a showcase for the most energy-effective smelting technology in the world, and preferred to be seduced by the M&A game instead.
Subscribers, click here to read the sad conclusion.

This Middle East greenfield moves ahead ...

2008-11-05T06:38:00.003-05:00

Its investors haven't built Phase 1 yet but they already prepare for Phase 2.
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Another excellent project suffers delays.

2008-11-05T06:35:00.002-05:00

And yet it is one of the most obvious ones to privilege for this major aluminum producer.
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This greenfield in progress will be delayed.

2008-11-05T06:32:00.002-05:00

Its investor is publicly traded and highly leveraged, yet it is profitable. The project is sound, and should resume later.
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An optimistic message about aluminum in the Persian Gulf

2008-11-05T06:27:00.003-05:00

This interview explains reasons why the Gulf will increase aluminum production of some 50% by 2010. Summary: As a world recession builds up, investors who have excess cash can afford to plan 10 to 30 years ahead, and in the long term aluminum is a sound investment.
Subscribers, click here and scroll down to read the interview.

At this time, most of the world's smelters are losing money.

2008-10-20T11:05:00.002-04:00

This is the instantaneous consequence of the financial crisis: LME prices are down while all cost factors remain up. But it won't last...
Subscribers, click here and scroll down to read why.

This US smelter is going to survive for quite a long time.

2008-10-20T11:02:00.002-04:00

This is due to a creative energy contract.
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Iceland went bankrupt because its banks grew too fast and took too much risks.

2008-10-20T10:59:00.002-04:00

Guess who this situation is going to help? Local aluminum producers!
Subscribers, click here and scroll down to read all the reasons...

This country is suspending talks with foreign investor.

2008-10-20T10:56:00.002-04:00

The project will be an integrated greenfield from bauxite mining to smelting. One serious offer has just been rejected. There are other suitors...
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The extension phases of this smelter are on time.

2008-10-20T10:54:00.002-04:00

The final phase will cost $ 500 million.
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This greenfield will be on time...

2008-10-20T10:51:00.001-04:00

...yet it is located in a country seriously hit by the financial crisis.
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This smelter is restarting after serious worries regarding energy supply.

2008-10-20T10:47:00.003-04:00

This indicates that some delayed investment projects should be back on track.
Subscribers, click here and scroll down to read the story.