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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China’s Aluminium billet inventory has been following the downward trend since February 24. As of Thursday, March 24, the inventory has plummeted by 24,400 tonnes or 13.85 percent W-o-W to register at 151,900 tonnes. According to SMM, the market must closely monitor how the current increase in...
Novelis, a subsidiary of multinational aluminium and copper manufacturing company Hindalco Industries has announced the launch of Novelis HRC57S®, an innovative, anodising quality aluminium product containing more than 90 per cent recycled scrap. As claimed by Novelis, the product proves to be of...
Hindalco Industries Limited has continued to expand its aluminium products and aluminium ingot prices, albeit lower than the previous day, with effect from Wednesday, March 23. The company has grown its aluminium wire rod price by INR 3,500 per tonne to INR 319,850 per tonne from INR 316,350 per...
After about a week of the last price update, National Aluminium Company Limited (NALCO) has revised its aluminium ingot and aluminium products prices, in line with the global aluminium benchmark price. With effect from March 22, NALCO has expanded its aluminium wire rod price by INR 23,500 per...
Aluminium Stewardship Initiative (ASI) announced on 21st March the grant of certification to UACJ in the aspect concerning Performance Standard (provisional) and Chain of Custody (full) to acknowledge the company’s efforts to responsible production, sourcing and stewardship of aluminium. The...
Hindalco Industries Limited again reduced its aluminium products and aluminium ingot prices, with effect from March 18, following an intermittent rise on March 17. The company’s aluminium wire rod price was cut by INR 3,250 per tonne on March 18 from INR 299,600 per tonne to INR 296,350 per tonne....
According to Mahmoud Haroun, the CEO of the largest aluminium extrusion company operational in the Egyptian domestic market, Delemar has publicized that its projects to double its investments in the national market over the upcoming five years and also plans to augment its exports to 40% in 2022, a...
Compared to the last week, this week the downstream sector of the aluminium industry witnessed much low incidental happenings. From the market point of view, there had been repeated decline in price. From aluminium billet to Hindalco price, the prices recorded had witnessed a significant drop, the...
The German aluminium manufacturer, Trimet which designs, manufacturers, recycles, casts and distributes contemporary light-metal goods made of aluminium at eight locations have planned to axe production at its main facility in the city of Essen by half. According to CEO Philipp Schlueter, Trimet...
The aluminium technology company, Gränges which has been driving the development of lighter, smarter, and more sustainable aluminium products and solutions in 2021 has pursued to convey remarkable performance towards the demanding 2025 sustainability targets. However, due to more robust performance...
According to the Organisation for Economic Co-operation and Development (OECD, the economy of Argentina is projected to inflate by 2.5% in 2022 and 2.3% in 2023 against the backdrop of a robust rebound in 2021, following a dip in COVID infections and a speeding in vaccination rates. Aluminium pipe...
On Thursday, March 17, China’s aluminium billet inventory has nosedived by 18,400 tonnes or 8.84 percent week-on-week, as the stockpile of aluminium billets continued to fall due to on-demand downstream purchase. As a result, the inventory has been registered at 190,000 tonnes. Due to fewer...
In December 2021, Canada exported 16,700 tonnes of aluminium plates, sheets and bars to the United States, declining sharply by 3,400 tonnes or 16.91% from 20,100 tonnes in November. However in November 2021, the amount of aluminium plates, sheets and bars exported by Canada to the US closed at...
In response to the sharp fall in LME aluminium benchmark price by US$181.50 per tonne on March 15, Hindalco Industries Limited has slashed its aluminium ingot and aluminium products prices, with effect from March 16. Hindalco’s aluminium wire rod price has experienced a cut of INR 15,500 per tonne...
Shares of Chinese aluminium profile manufacturer - Hoshion Industrial Aluminium soared on the occasion of bagging four new clients with business prospect of CNY 4 billion (US$628.8 million). On Tuesday, March 15, Hoshion declared that it could earn CNY3.6 billion to CNY4 billion in the subsequent...
AMAG, one of the biggest manufacturers and processors of aluminium in Austria, had been associated with aerospace component manufacturing through acquisition for 1.5 years. AMAG components, which has locations in Übersee am Chiemsee and Karlsruhe, was recently bought in its entirety and is a proven...
In December 2021, US imported 29,600 tonnes of crude metals and alloys from Bahrain, a hike of 5,300 tonnes or 21.81% month-on-month. Imports of US aluminium crude metals and alloys from Bahrain for November 2021 closed at 24,300 tonnes, up 7,100 tonnes or 41.27% from 17,200 tonnes in October 2021....
The leading global company Wipro, recognized for its information technology and cybersecurity solutions declared that Speira, a leading global manufacturer of advanced rolled aluminium products, producing approximately one million tonnes per year has selected Wipro as their technology associate. In...
