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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According to a report published by the European Aluminium Foil Association, the first quarter of 2022 witnessed robust domestic demand for European aluminium foil rolls, countervailing a continuing decline in exports. Demand in the larger domestic market segment grew by 5 per cent in the quarter,...
According to the latest USGS statistics, in February 2022, the United States imported 4,270 tonnes of aluminium plates, sheets and bars from South Africa, which went on to nosedive by 2,510 tonnes or 37.02 percent from 6,780 tonnes in January 2022. However in January, there was a hike of 3050...
The global aluminium industry’s most vital segment is the downstream part, which converts aluminium into manufacturing feedstock. Hindalco Industries Limited books a record profit for FY22, attributing to robust performance in the downstream business. According to the TRA, aluminium extrusion...
Hindalco Industries Limited slashed its aluminium products and aluminium ingot prices back-to-back this week, following incessant hikes since May 13. On May 25, Hindalco reduced its aluminium wire rod price by INR 6,750 per tonne to INR 268,850 per tonne and extended the cut by INR 4,750 per tonne...
OCTA International Company, a multinational firm in the business of technology solutions to the oil & gas sector based in Egypt, has signed a memorandum of understanding (MoU) with aluminium products Company (ALUPCO), a counterpart of the Saudi Olayan Group. Through the amendment of this agreement,...
Manna Capital Partners, a financial advisory and wealth creation company based in Louisville, Kentucky, is reportedly diversifying into aluminium can sheet roll sector. The news came on Thursday, May 26, following an announcement that Manna Capital, in alliance with the world-leading aluminium...
In February 2022, Greece exported 2,030 tonnes of aluminium plates, sheets and bars to the United States, which on an M-o-M scale dropped by 270 tonnes from 2,300 tonnes in January 2022. However, in January 2022, a surge of 100 tonnes or 4.54 per cent was recorded from 2,200 tonnes in December...
On Thursday, May 26, Hindalco Industries Limited reported the consolidated fourth quarter and full-year financial results for 2021-22, revealing highest-ever profits. Its consolidated PAT peaked to a record high at INR 3,851 crore in 4QFY22, a 100 per cent growth year-on-year. In the entire year,...
Aluminium billet inventory in China on May 26 has dropped by 6,300 tonnes or 4.61 percent W-o-W to total at 130,100 tonnes. In provinces like Foshan, Nanchang and Changzhou the inventory has fallen the highest. SMM will keep a close eye on whether demand recovers and whether the destocking trend...
The Odisha Industrial Infrastructure Development Corporation (IDCO) is reportedly planning to develop the aluminium business park in Angul near the existing park. An additional 300 acres of land will be acquired beside the existing 223 acres to establish a mega park. The news followed the cabinet...
AMAG, the leading Austrian premium supplier of high-quality cast and rolled aluminium products, has opened the doors to its latest Center for Material Innovation (CMI) research centre and Smart Factory during the Long Night of Research. For the first time, citizens were allowed inside the premises...
Vedanta Limited continued to increase its aluminium products and aluminium ingot prices by INR 2,750 per tonne or 1 per cent, marking the fifth consecutive hike. With effect from Tuesday, May 24, Vedanta’s aluminium wire rod price grew to INR 271,750 – 279,250 per tonne from INR 269,000 – 276,500...
The amount of aluminium plates, sheets and bars imported from Japan by the United States in February 2022 soared up by 3,209 tonnes or 445.07 per cent M-o-M, from 721 tonnes in January 2022. The amount for February 2022 settled at 3,930 tonnes. However, in January, an M-o-M downfall of 4,349 tonnes...
Sandvik has signed a deal to acquire Preziss, a cutting tool and solution provider for aluminium and composite machining, specialising in high-precision drilling, reaming, milling, and tooling systems located in Spain. Sandvik will boost its portfolio in the lightweight automotive components market...
China customs data found the country’s aluminium plate/sheet and strip exports in April 2022 stood at 329,000 tonnes, registering a month-on-month increase of 1 per cent and a year-on-year rise of 52 per cent. Exports to the top 10 destinations were 189,200 tonnes, which accounted for 57.49 per...
Novelis (China) Aluminum Products Co., Ltd. has reportedly bagged the ASI Performance Standard V2 (2017) Certification for its production facility in Changzhou National Hi-Tech District, Jiangsu Province, China. The plant produces high-strength and lightweight aluminum sheet for use in full...
Anderton Castings, one of the leading providers of aluminium die-cast and machined components for the automobile industry, has joined Aluminium Stewardship Initiative (ASI) as its new industrial user member. Anderton manufactures aluminium components for the automotive, non-automotive and critical...
The renowned development partner and direct supplier to the global automotive industry and a leading international systems provider for security technology, Rheinmetall jointly with its Chinese joint venture KPSNC, has bagged a major order for transmission housings from a world-leading producer of...
