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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Press Metal Aluminium Holdings Bhd, a Malaysia-based extrusion producing company, announced last week its record annual net profit of RM1.03 billion for the financial year ended December 31, 2021, following its fourth quarter’s earnings nearly doubled to RM285.82 million from RM145.25 million. The...
According to the US Geological Survey (USGS), the United States imported 20,100 tonnes of US aluminium plates, sheets and bars from Canada in November, showing a month-on-month growth of 600 per tonne or 3.07%. In October 2021, 19,500 tonnes of US aluminium plates, sheets and bars were imported...
Not much has been happening in the downstream sector of the global aluminium industry. To begin with, the Salzburger Aluminium Group, an Austrian family firm with 1100 people globally, had a tremendously promising year in 2021. SAG a global supplier to all well-known OEMs, increased revenues by...
Hindalco Industries Limited has hiked its aluminium products and aluminium ingot prices as the LME aluminium benchmark price has rallied yet again to a 13-year high. With effect from February 25, the company has raised its aluminium wire rod price by INR 18,250 per tonne to INR 312,850 per tonne....
Constellium NV, a European value-added aluminium company, launched its fourth-quarter and full-year 2021 results this week. Despite the persisting market challenges brought on by the global COVID-19 epidemic, Constellium's financial result for both the quarters were good. Shipments of 385 thousand...
According to a report on February 24, Vedanta Aluminium Business has launched its low carbon, green aluminium brand named ‘Restora’, with two product lines – Restora (low carbon aluminium) and Restora Ultra (ultra-low carbon aluminium). This brand is not only Vedanta’s but India’s first low carbon...
The aluminium billet inventories in China dropped by 4,000 tonnes or 1.5% week-on-week across five major consumption areas. As a result, the inventories recorded at 260,600 tonnes, as of Thursday, February 24. Some popular aluminium extruders have begun to resume work this week, while the others...
According to a recent report, Novelis Korea Limited, subsidiary plant of Novelis in Yeongju, has secured the ASI Chain of Custody Standard certification for manufacturing aluminum and aluminum coil and sheet, which includes the processes of recycling and remelting. The plant, which has an annual...
According to the US Geological Survey (USGS), the United States imported 4,230 tonnes of US aluminium plates, sheets and bars from Vietnam in November, showing a month-on-month drop of 130 per tonne or by 2.98%. In October 2021, 4,360 tonnes of US aluminium plates, sheets and bars were imported...
According to the US Geological Survey (USGS), the United States imported 7,190 tonnes of US aluminium plates, sheets and bars from Thailand in November, showing a month-on-month drop of 100 per tonne or by 1.37%. In October 2021, 7,290 tonnes of US aluminium plates, sheets and bars were imported...
The year 2021 instituted an immensely optimistic result for the Salzburger Aluminium Group, an Austrian family business with 1100 employees worldwide. The market leader for aluminium tanks for trucks, despite challenging situations spawned by the Covid pandemic, supply chain problems, the...
According to the US Geological Survey (USGS), the United States imported 4,650 tonnes of US aluminium plates, sheets and bars from Turkey in November, showing a month-on-month descend of 630 per tonne or by 11.93%. In October 2021, 5,280 tonnes of US aluminium plates, sheets and bars were imported...
The global aluminium industry’s downstream segment is regaining its earlier form gradually, as the week observed Fehrmann Tech Group on-boarded 3D printing intellects to support its further expansion, The Austrian metal company AMAG revealed high in its earnings for FY2021 shouldering on aluminium...
Hindalco Industries Limited increased its aluminium products and aluminium ingot prices on Thursday, February 17, following a cut on the previous day. The company raised its aluminium billets price by INR 2,500 per tonne to bring it to INR 295,850 per tonne versus INR 293,350 per tonne on February...
The TVS Group promoted, Wheels India Limited, India’s largest auto component manufacturer of wheels for commercial vehicles in an astute strategy that compels the company to view more externally, the company is aiming towards strengthening its export contribution to one-third of its sales. Wheels...
On Thursday, February 17, AMAG Austria Metall AG announced its FY2021 financial results, reporting record earnings and growth in revenue due to stable production, high productivity, and attractive market environment in the primary aluminium sector. Revenue in the entire year stood at EUR 1,259.4...
The ASI Chain of Custody Standard had been accredited at both of Hydro Extrusion Italy's aluminium production factories in Feltre and Ornago. Each location has also been recertified in accordance with ASI's Performance Standard. The Aluminium Stewardship Initiative (ASI) aspires to see...
The aluminium billet inventories in China decreased by 2,900 tonnes or 1.08% week-on-week across five major consumption areas. As a result, the inventories closed at 264,000 tonnes, as of Thursday, February 17. Foshan's inventory declined the most by 8,700 tonnes or 6.45%, followed by Nanchang's...
