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 2022 annual general meeting of the Australian Aluminium Council (AAC) voted Capral CEO, Tony Dragicevich to the AAC board, replacing one of two previously empty positions. This action will give prominence to Capral’s image in the Australian Aluminium Council, the prime authority associated with...
US aluminium plates, sheets and bars imported from China in February 2022 settled at 16,400 tonnes. On a month-on-month calculation the quantity dropped by 1,200 tonnes or 6.81 percent from 17,600 tonnes in January 2022. On the other hand, for January 2022 a surge of 600 tonnes or 3.52 percent was...
Hindalco Industries Limited has finally raised its aluminium ingot and aluminium products prices, with effect from Thursday, May 12, after more than two weeks of back-to-back cuts for the LME aluminium price fall. Now, the company is selling its aluminium billets price at INR 258,600 per tonne...
On May 12, China’s domestic aluminium billet inventory surged by 10,100 tonnes or 7.84 per cent W-o-W to halt at 138,700 tonnes, said SMM. Lower conversion margins may in the future, entice purchasers. After the epidemic was brought under control, the market mood improved. As a result, inventories...
Hydro’s aluminium extrusion plant in Suzhou is the company’s first Aluminium Stewardship Initiative (ASI) performance standard-certified aluminium extrusion firm in China. The firm located in Shanghai's Suzhou Industrial Park roughly employs 350 workers and has undergone multiple expansion...
Manaksia Aluminium announced its financial results for the period ending March 31, 2022. As per the data, the firm earned a total income of INR 128.9419 crores on March 31, 2022. On a Q-o-Q comparison, the price went down by 1.16 per cent from INR 130.4571 crores for the quarter ended December 31,...
On May 11, Novelis, a wholly-owned subsidiary of Aditya Birla Group firm Hindalco, announced a $2.5 billion investment in new low-carbon recycling and rolling factory in Bay Minette, Alabama. This state-of-the-art factory will be able to manufacture 600,000 tonnes of aluminium sheets per year. Site...
Novelis Inc., the world’s leader in aluminium rolling and recycling, has announced its fourth quarter and full-year results of the financial year 2022. It has mentioned in the report a Y-o-Y hike of 21 per cent in net income from continuing operations for the quarter ended March 31 to $217 million,...
As per the USGS data, US aluminium crude metals and alloys imports from Australia for February 2022 settled at 27,100 tonnes, which on a month-on-month scale surged by 17,540 tonnes or 183.47 percent from 9,560 tonnes in January 2022. On the other hand, for January 2022 a downfall of 46.88 percent...
Vedanta Limited is continuing to cut its aluminium products and aluminium ingot prices in line with the incessant downfall of the LME aluminium benchmark price. On Tuesday, May 10, Vedanta slashed its aluminium wire rod price by INR 8,250 per tonne or 3.2 per cent to INR 249,750 - 257,250 per...
Alumex PLC has joined Aluminium Stewardship Initiative(ASI) as a new member in the Production and Transformation division. Sri Lanka's largest fully integrated manufacturer of aluminium extrusion profiles and worldwide proprietary technologies under licence is Alumex PLC. Since its inception in...
Dudley Aluminium is going to join hands with ISG construction Ltd and BAM Construction for building sustainable school complexes in various parts of the UK. The First school will be situated in Rhydyfelin, in the Pontypridd area of Wales and the second school is planned to be in North Brent,...
Hindalco Industries Limited has continued to slash its aluminium products and aluminium ingot prices, with effect from May 10, 2022. This marks the seventh consecutive price cut by Hindalco since April 21. On May 10, Hindalco’s aluminium wire rod price has come in at INR 253,350 per tonne, down by...
Aluminium Stewardship Initiative (ASI) welcomed Hindalco Industries Ltd (HIRAKUD FRP) as its new production and transformation member. The Hindalco Hirakud-FRP Plant (Flat Rolled Product), located in Sambalpur, Odisha, approximately 325 km from Bhubaneswar, houses one of the country's most advanced...
On 6 May, Rio Tinto Fer et Titane (RTFT) reported that its commercial-scale demonstration plant in Sorel-Tracy, Quebec had produced its first batch of high purity scandium oxide. High purity scandium oxide is being extracted from the production residue of titanium dioxide by a phenomenal process...
An aluminium high pressure die casting common facility centre (CFC) is planned for construction at Chinnavedampatti, by the Tamil Nadu Small Industries Development Corporation (TANSIDCO). The estimated cost for the same is expected to be 5.8 crores and will be deployed as part of the state...
India’s largest producer of aluminium, Vedanta Aluminium announced the appointment of George English, in the position of Director - Value Added Products. Vedanta Aluminium operates one of the world’s leading single largest aluminium smelters in Jharsuguda, Odisha. George English carries with him...
The growing EV market has inspired Gränges to equip its production unit in Newport city, Arkansas with the technologies required to manufacture cathode foils for the lithium-ion battery market. A leading supplier of thin-foil solutions in the US, the company will for the first time produce cathode...
