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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The Romania-based aluminium components manufacturer of cars, Altur's board of directors, stated it authorized the filing of insolvency proceedings and intended to restructure the company's operations. On January 3, 2022, the company said during the Bucharest Stock Exchange filing that it applied to...
Craftsman Automation Ltd., a leading aluminium components producer from India, has declared an investment of INR 3.75 billion to purchase a 76% share in DR Axion India Pvt, another aluminium automotive parts-making firm in Tamil Nadu. This was revealed in an exchange filling, and it is estimated...
Xingfa Aluminium Holdings, one of the leading aluminium extrusion profile manufacturers in China, has finally purchased a 4 per cent stake in Chinese service provider Guangdong Province Trading Development, an importer and exporter of kitchen and bathroom fixtures and accessories. Earlier in...
Hindalco Industries Limited has revised its aluminium products and aluminium ingot prices for the first time in the New Year. With effect from Wednesday, January 4, Hindalco has cut its aluminium products prices by INR 3,000 per tonne or 1.27 per cent, bringing the aluminium wire rod price to INR...
On Tuesday, January 3, OpenGate Capital, a global private equity firm, announced the joining of Mr Edouard Guinotte as the President and Chief Executive Officer of Aluminium Solutions Group (ASG). ASG is a brand-new organisation established in September 2022 through the acquisition of OpenGate...
On December 29, great news came floating from Navratna CPSE National Aluminium Company Limited (NALCO) as the company formally confirmed the launch of a new downstream element in coil form - Aluminium LED Cap stock in Alloy AA1100 with temper H12. Aluminium LED Cap stock in Alloy AA1100 is usually...
Last week, Tennessee-based Kaiser Aluminium posted its 2021 Sustainability Report, in which the company vividly elaborated its environmental, social, and governance programming policy, stating advancements. The report reflects upon Kaiser Aluminium’s persistent efforts to enlarge its operations in...
According to sources, a Coimbatore-based aluminium die cast maker, Alphacraft, will invest almost INR 80 crores in materialising its fifth plant. The Managing Director of Alphacraft, M Ramesh, claimed that the expansion is due to the rising demand for aluminium components required by the automobile...
Hindalco Industries Limited has further increased its aluminium products prices, with effect from Friday, October 30, although at a lower rate than the previous day. With the latest rise, Hindalco’s aluminium wire rod price has come in at INR 237,100 per tonne, down by INR 1,250 per tonne from INR...
Researchers from The University of Birmingham have reportedly discovered and demonstrated the possibility of directly reusing aluminium and copper current collectors from spent lithium-ion batteries. An open access paper on their study is published in the RSC Journal Green Chemistry. The ever...
In September 2022, the United States exported 15,000 tonnes of aluminium plates, sheets and bars to Mexico, down by 1,300 tonnes or 8 per cent month-on-month from 16,300 tonnes, found the US Census Bureau. That brought the United States total exports in Q3 to Mexico at 45,900 tonnes, up by 7,600...
Asia Clean Capital Vietnam (ACC Vietnam) has joined hands with aerospace components provider Universal Alloy Corporation Vietnam (UACV), agreeing on a 15-year power purchasing deal. The partnership has begun shaping a rooftop solar PV project with a capacity of 4.3 MWp, which will be crucial for...
The Guangzhou Futures Exchange, China's newest commodities market, saw a decline of 1 per cent on Thursday from China, the world's largest producer of industrial silicon. To focus on "new energy" components like lithium and rare earths, the market was founded in that year. Gränges began...
The innovative engineering company that has transformed the industry for more than 125 years, Gränges has entered two new credit facility agreements and refinanced part of the debt portfolio. A three-year term loan for USD 100 million and a three-year term loan for SEK 3,500 million are included in...
Hindalco Industries Limited has lifted its aluminium products prices by INR 3,250 per tonne, with effect from Thursday, December 22, following back-to-back cuts over a week. With the latest hike, Hindalco’s aluminium wire rod price has come in at INR 235,850 per tonne versus INR 232,600 per tonne...
China, the world's biggest manufacturer of industrial silicon, recorded a drop of 1 per cent on Thursday in their debut at Guangzhou Futures Exchange, China's newest commodities market. The market was established year to concentrate on "new energy" elements like lithium and rare earths. Industry...
According to a report on Thursday, December 22, Brazil has decided to impose countervailing duties on China’s aluminium sheet products, effective from March 31, 2023. The news came after China’s Ministry of Commerce announced it officially. The Ministry has also reported the duties will range...
On December 21, 2022, the leading aluminium extrusion profile manufacturer in China, Xingfa Aluminium Holdings during filing has stated that it would acquire a 4 per cent equity interest in a Chinese service provider, Guangdong Province Trading Development, from Guangdong Guangxin Holding Group for...
