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 United States imports of aluminium can body sheet hit the highest since at least 1998 in the second quarter of 2022 ended June 30, driven by a strong demand for beverage cans and increased mill investments in Asia targeting North American consumers. As per the data released by the US Department...
OpenGate Capital, a private equity firm based in Los Angeles, California, masters in the art of complete acquisition projects and recently has signed an agreement with the founder of Extol for its ownership. The mother brand of Extol, Spanish firm MCH and Fernando Busto will give in to forming a...
The forging industry in India's largest industrialized state, Tamil Nadu, is encountering a challenging phase as the cost of production materials like aluminium and steel and fuel has soared. Despite a revival in demand, the industry faces higher expenses and difficulty obtaining raw materials....
Hindalco Industries Limited has continued to reduce its aluminium products and aluminium ingot prices, in tandem with an uninterrupted downfall in the LME aluminium benchmark price for three days in a row. With effect from Saturday, August 20, Hindalco’s aluminium wire price has been decreased by...
Many internationally acknowledged brands like skincare provider BWX, Nissan Casting Australia, and 3D manufacturer Spee3D are transferring their operations to Dandenong, a suburb in Victoria, Australia. Dandenong is situated at a distance of 35 km toward the south-eastern zone of Melbourne’s CBD...
This week the global aluminium downstream sector witnessed limited but significant events. To begin with, Mahindra Group announced the launch of its flagship Scorpio Classic featuring an all-aluminium engine block. With this, it can be highly touted that aluminium is definitely the metal of the...
Vedanta Limited again reduced its aluminium products and aluminium ingot prices on August 18 after an intermittent raise on August 17. Vedanta cut its aluminium wire rod price by INR 3,000 per tonne or 1.29 per cent to INR 229,000-236,500 per tonne as of August 18 versus INR 232,000-239,500 per...
Post-pandemic, the use of aluminium honeycombs in the railway industry has increased significantly. To win back the passengers' trust, rail sector stakeholders have decided to improve the train's interiors by incorporating an aluminium honeycomb design from Corex Honeycomb. Due to its strength,...
On Thursday, August 18, the aluminium billet inventories in China dropped by 5,200 tonnes W-o-W to settle at 116,300 tonnes, from 121,500 tonnes recorded last week. The inventory has increased in three major consumption areas and has decreased in two regions. The billets inventory stopped rising...
Texas Permanent School Fund lowered its ownership quota by 2.1 per cent in Kaiser Aluminium Co. during the primary quarter, as was reported by the company in its most currently filled 13F reports with the SEC. The major investor sold 241 shares during this entire period, owning 11,246 shares of...
The average operating rate of aluminium billet producers in China fell for the second consecutive month by 0.99 percentage point month-on-month, driven by the downfall in operations in east China, northwest China, and southwest China. According the Shanghai Metals Market data, China's domestic...
Vedanta Limited has reduced its aluminium products and aluminium ingot prices for the second time in a row, with effect from Tuesday, August 16. The company has slashed its aluminium wire rod price by INR 6,750 per tonne to sell the product at INR 227,500-235,000 per tonne. On August 13, Vedanta’s...
Hydro's aluminium extrusion facility at Spanish Fork, Utah, became the first location in the United States to be powered by 100 per cent renewable energy. The aluminium extrusion facility entered into a long-term agreement of eight years in July with the City of Spanish Fork and the Utah Municipal...
Mahindra Group, an Indian billion-dollar enterprise, is launching a new version of its flagship Scorpio Classic with an all-aluminium engine block that weighs 55 kg less than its predecessor. As a result of the weight shedding and other advancements, the Scorpio Classic now offers 14% better fuel...
On 11th August 2022, during a regulatory filing, Bharat Forge, the Indian multinational auto component manufacturer, reported a consolidated net profit of INR 160.37 crore ($20.12 million) for Q1 FY23. However, the company posted a consolidated net profit of (INR 152.75 crore ($19.16 million) in...
Downstream products merge to form various end-user utility items or structures, maintaining a steady rush in the sector. The prevailing crisis between Beijing and Canberra has forced Capral Australia to pose a direct inquest for a new anti-dumping policy against Chinese aluminium extrusions as they...
Hero Motor Company’s sister concern, Spur Technologies, announced opening its first manufacturing unit for making indigenous bicycle components to compete with the cheap Chinese imports at Dhanansu e-cycle valley on August 11. The chairman and managing director of Hero Cycles, Pankaj Munjal, stated...
There have been reports of a management buyout costing US$2 million in Alcomet, the UK's component provider to the electricity transmission and distribution market. The founder of Alcomet, Gary James, hosted the session while declaring his separation from the brand. Chris Beasley, the managing...
