TALCO will produce aluminum fluoride
Tajik parliament approved an agreement on preferential government loan. This agreement between the government and the Chinese Export-Import Bank was signed in November 2014. It specifies the conditions for the construction of enterprises producing cryolite, aluminum fluoride and sulfuric acid in the framework of modernization and reconstruction of TALCO. According Jamoliddin Nuralieva, First Deputy Finance Minister P T, the construction of enterprise for the production of aluminum fluoride and cryolite started back in 2008 in Yavan. As a result of the financial crisis, the project completion has been postponed indefinitely. Currently the construction works are executed by more than 40%.
For the full realization of construction projects required an investment of $ 125.5 million. USD. From the TALCO will be made 38 million. USD. It is expected that the remaining amount — about 88 million USD -. Will provide the PRC. Chinese investment will be made as a soft loan. At the same time it is obliged to repay the TALCO, so that the state budget of Tajikistan will not be affected.
Aluminium remains a very popular product. Specialists of the American corporation «Alcoa» believe that this year the cost will increase by 7% relative to 2014. Last year there was an increase in the cost about the same level. According to analysts of Standard Bank, the average price of aluminum on the LME in the current year will be about 1915 USD / ton. In 2014, the average price of the metal reached 1869 USD / ton. At the beginning of the new year on the aluminum market was quite a difficult situation. The cost of metal, increasing in January-November 2014, declined slightly in December, rising in January 2015, its lowest level in 2013. At the same time there is a shortage of metal, so that the price increase is imminent.
It is growing and production of aluminum. For the period January-November 2014 global light metal production increased by 4.5% compared with 2013 year. Volumes smelting during the period amounted to 48,386,000. Tons of aluminum. The November average daily rate of smelting reached 151,700 tons. This figure is 3.9% higher than the results of October 2014. According to data provided by the International Aluminium Institute experts, in October last year 4.137 million. Tons of aluminum were produced in the world market. Volumes melting light metal in October 2013 were lower by 147 000 tonnes.