Explore how GM is expanding aluminium casting capacity in Indiana to support 10-speed transmissions and strengthen its US manufacturing footprint. General Motors is investing more than USD 40 million in its Bedford Casting Operations in Indiana, expanding aluminium casting capacity to support...
In recent weeks, the domestic spot aluminium ingot market has exhibited notable regional divergence. While basis levels in East China and the Central Plains have remained relatively stable, the South China market has seen its aluminium ingot basis strengthen independently to a year-to-date high....
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On Monday, March 20, Uno Minda Ltd announced that its board gave a go-ahead signal to raise its stake to 81.69 per cent in Kosei Minda Aluminium and 49.90 per cent in Kosei Minda Mould, expecting the move to help Uno Minda consolidate its 4W alloy business. Uno Minda, located in North India, is a...
Uniformity Labs and Tekna extended their partnership to supply aluminium for laser powder bed fusion (L-PBF) applications. In this agreement, Tekna will provide the AlSi10Mg aluminium-based alloy to Uniformity to produce its advanced ultra-dense AlSi10Mg powder for the additive manufacturing...
Vedanta Limited continued to reduce its aluminium products prices on Saturday, March 18, bringing its aluminium wire rod price to the range between INR 221,000-228,500 per tonne, down by INR 1,500 per tonne from the previous day. On Thursday, March 16, Vedanta’s aluminium wire rod price stood at...
NICE Rapid has recently introduced the most advanced professional compression moulding and aluminium extrusion services for the manufacturing industries. The technique has been identified as a proven method for cutting costs and increasing production rates. As rubber is typically used as the...
One of the leading aluminium industry firms in Sri Lanka, Alumex PLC, has proclaimed the commencement of its flagship loyalty promotion, "Divikavuluwa". The region's leading producer of aluminium extrusions is keen to launch community-based initiatives to strengthen the nation's aluminium...
Xingfa Aluminium Holdings, a famous large-scale architectural aluminium profiles and industrial aluminium profiles manufacturer in China, announced its full-year 2022 results ended December 31, reporting a 9.7 per cent year-on-year rise in revenue to RMB 16.9 billion. But it missed analyst...
Hindalco Industries Limited again cut its aluminium products prices on March 16 after an intermittent hike the previous day. According to the latest price list, the company’s aluminium wire rod price has come in at INR 225,100 per tonne as of March 16, down by INR 2,000 per tonne. On March 15, the...
Eural, one of the largest European manufacturers of extruded aluminium bars and rods, has developed new lead-free, free-cutting aluminium alloys, which are expected to be compatible with stringent regulations and offer excellent machinability and productivity. As per Eural, the discovery is termed...
In accordance with the restructuring plan signed in November 2021 following the company's reorganisation in February 2019, Gulf Aluminium Rolling Mill "GARMCO", a portfolio company of Bahrain Mumtalakat Holding Company, announced its first repayment to creditors of USD 23 million. GARMCO reported...
According to the Shanghai Metals Market survey, the average operating rates of China's domestic aluminium plate/sheet and strip producers stood month-on-month higher by 0.62 percentage point at 63.15 per cent during February 2023. But on a year-on-year basis, the operating rates edged a significant...
The Managing Director of Hindalco Industries, Mr Satish Pai, has been named the President of the Indian Institute of Metals (IIM). IIM is an adequate body for professional metallurgists in India. It was formed as early as 1945 and was possible through the efforts of a few metallurgists. Since then,...
Novelis, one of the largest low-carbon aluminium solutions supplier and the world's leading aluminium rolling and recycling agency in partnership with an R&D laboratory, Net Zero Lab Valais, has reached acute success in ending the first year of operation. The collaboration has introduced major...
Leicester-based Bridge Aluminium has officially bought the proprietary right of Grainger & Worrall Engineering, a firm that excels in producing aluminium casting components for the automotive industry. This premeditated agreement will be very crucial in protecting the 36 employees already working...
Nuveen Asset Management LLC, an investment advisory solutions provider, quit 892 shares of Kaiser Aluminum Co. during the third quarter of 2022, according to the company’s most recent filing of Form 13F with the Securities & Exchange Commission. Nuveen owned 103,463 shares of Kaiser during the...
One of the biggest aluminium industry players in Sri Lanka, Alumex PLC, has declared the initiation of its flagship loyalty drive, “Divikavuluwa”. The largest aluminium extrusion manufacturer in the region is eager to introduce community-based programmes to augment the future positions of the...
Hindalco Industries Limited has continued to cut its aluminium products prices for the fourth consecutive time since March 2 in line with the sluggish trend in the LME aluminium benchmark price. With effect from Tuesday, March 14, Vedanta has reduced its aluminium wire rod price by INR 1,500 per...
An additional round of capital investment is on the way at Stellantis' aluminium casting plant in Kokomo, Indiana, as the automaker prepares to use those three sites to produce electric drive modules (EDMs) for battery-electric vehicles. The $155 million programme will fund aluminium casting,...
According to the US Census Bureau data, the United States imported 388,000 tonnes of aluminium crude metals and alloys in December 2022. On a month-on-month calculation, the import volume surged by 109,000 tonnes or 39.07 per cent from 279,000 tonnes, and on a year-on-year basis, increased by...
