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 metal aluminium is now extensively used in building and construction due to its inherent property of lightness and corrosion resistance. It is applied in the form of external facades, roofs and walls, windows and doors, staircases, railings, shelves and other several applications. Aluminium is...
According to China customs data, the country’s aluminium foil exports in March 2022 stood at 126,800 tonnes, reflecting month-on-month increase of 34 per cent and year-on-year 9 per cent. Thailand, India, Indonesia, and the United Arab Emirates were the top four destinations of China’s aluminium...
The Bank of Greece, which is the central bank of the country, in its annual report stated a slash in prediction for economic growth to 3.8% in 2022 from 4.8% earlier and elevated its forecast for the inflation rate to 5.2% under the base scenario, in its annual report. As a nation, in 2020, Greece...
On Tuesday, April 26, the Aluminium Stewardship Initiative announced that it successfully certified Yunnan Haoxin Aluminum Foil Co., Ltd. against the Chain of Custody Standard Certification for aluminium re-melting, refining, and semi-fabrication activities for the production of aluminium foil. Not...
Vedanta Limited has continued to cut its aluminium products and aluminium ingot prices, with effect from Tuesday, April 26. The company has reduced its aluminium wire rod price significantly by INR 11,250 per tonne or 3.8 per cent to INR 279,500- 287,000 per tonne. The last cut on April 21 brought...
Hindalco Industries Limited has sharply cut its aluminium products and aluminium ingot prices, with effect from Tuesday, April 26, in line with the two back-to-back declines in LME aluminium benchmark price. Hindalco has slashed its aluminium wire rod price by INR 11,250 per tonne to sell the...
Malaysian Press Metal Aluminium declared that its Sarawak subsidiary is approved of an ‘amicable settlement’ with the Inland Revenue Board (IRB) for the additional settlements of the years 2014 to 2019. Concurring to a letter sent from the IRB head office dated 22nd April, a subsidiary of Press...
In the Horn of Africa, a nation named Djibouti has lately been classified as a low-middle-income country status. However, despite the recent economic development, the country’s poverty rates stand at 79%, with 42% of the population living in paramount poverty. Djibouti provides a mixed economic...
On Monday, April 25, NALCO CMD Sridhar Patra and MIDHANI CMD Sanjay Kumar Jha reportedly met the Chief Minister of Andhra Pradesh YS Jagan Mohan Reddy to apprise the problems related to infrastructure for setting up a high-end aluminium alloy products manufacturing plant in Nellore. On receiving...
As per the reports from SMM, the average operating rate of major aluminium processing companies fell 3.3 percent to 64.5 percent last week (April 18 to April 22). Except for a modest gain in the aluminium wire and cable sector and constant operating rates in the aluminium plate, sheet, and strip...
According to the US Census Bureau data, the United States imported 194,000 tonnes of aluminium crude metals and alloys from Canada in January 2022. That was a decrease of 2,000 tonnes or 1.02 per cent from 196,000 tonnes in December 2021. As per the data shown, the monthly decline in China’s...
The leading Austrian premium supplier of high-quality cast and rolled aluminium products used in a wide range of industries including the aircraft, AMAG Austria Metall AG’s fully owned subsidiary, AMAG components with its headquarter in Übersee am Chiemsee in Germany since the beginning of the...
The downstream aluminium segment has been in the news this week moreover due to a few interesting happenings. The American industrial aluminium company, headquartered in Atlanta, Georgia, United States, Novelis, which is also a subsidiary of Hindalco Industries has declared its investment plan of...
Hindalco Industries Limited again cut its aluminium products and aluminium ingot prices, with effect from Thursday, April 21, following an intermittent hike on the previous day. On April 21, the company reduced its aluminium billets price by INR 5,500 per tonne or 1.82 per cent to sell the product...
Spanish manufacturer of steel and aluminium parts, Ecrimesa Group, headquartered in Santander has expanded its facilities to a total area of about 20,000 m 2 . The facility consists of a technical office and a moulding workshop. The adjoining machining plant has areas for investment casting, Metal...
In March 2022, China imported 120,600 tonnes of unwrought aluminium alloy, up by 54.5 per cent Y-o-Y and 31.3 per cent M-o-M, according to China General Administration of Customs. The imports in the first quarter of 2022 totalled 329,000 tonnes, going up by 50.2 per cent, year on year. China...
On Thursday, April 21, China’s aluminium billet inventories plunged by 11.37 percent W-o-W to stop at 119,100 tonnes. East China's transportation efficiency is unlikely to increase considerably in the near future, keeping stocks relatively steady. The peak season in south China drove destocking. As...
In January 2022 a total of 112,000 tonnes of aluminium plates, sheets and bars was imported to the United States. On a month-on-month scale a growth of 3,000 tonnes or 2.75 percent was witnessed. As per the USGS data, for December 2021 the total amount of aluminium plates, sheets and bars imported...
