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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Matalco Inc., a division of Toronto-based Giampaolo Group Inc., has reportedly acquired the Ohio Valley Aluminum Co. LLC (OVACO), based in Shelbyville, Kentucky. The news came after KPMG Corporate Finance LLC, which served as the financial advisor of the OVACO, reported it officially. Founded in...
According to the US Geological Survey (USGS), the United States imported 7,370 tonnes of US aluminium plates, sheets and bars from Oman, showing a month-on-month hike of 990 per tonne or 15.51%. In September 2021, 6,380 tonnes of US aluminium plates, sheets and bars were imported from Oman, showing...
Hindalco Industries Limited hiked its aluminium products and aluminium ingot prices for the second time in a row last week, with effect from Friday, January 28. The company’s aluminium wire rod price saw a surge of INR 5,250 per tonne or 1.92 per cent to INR 279,100 per tonne as of January 28. On...
The Sri Lankan exporter of quality aluminium extrusion products to the global market, Swisstek Aluminium Ltd has received the certification as a “Great Place to Work” by the independent analysts at Great Place to Work in Sri Lanka. The USA headquartered Great Place to Work® is the global authority...
The downstream sector of the global aluminium industry has been witnessing some amount of investment for expansion this week. Jindal aluminium stated that it will boost up capacities by around 50% primarily across the extrusions vertical. The German wind portfolio of European Energy will supply the...
A team of Chinese business investors are in Nigeria to build a world-class aluminium profiles facility in Lagos to support the restriction towards the high rate of fake aluminium products. As per our report, the promoters of the new firm following the establishment of the aluminium factory will...
The foundry in the German town of Soltau, G.A. Röders has announced that it is pleased to be working with other climate-conscious companies to develop the first hydrogen-powered crucible melting furnace for aluminium. Now, this aspiring project, costing a total of more than €3 million, is being...
The aluminium billet inventories in China moved up by 34,700 tonnes week-on-week across five major consumption areas. As a result, the inventories clocked at 211,600 tonnes, as of Thursday, January 27. Inventories increased in each of the five major markets. Most of the rise came from inventories...
Golkonda Aluminium Extrusions, which was formerly known as Alumeco India Extrusion Ltd has reported its standalone financial results for December 2021 quarter with an 83.87% downfall in net profit to INR 0.10 crore as against INR 0.62 crore during the existing quarter ended December 2020. The...
According to the US Geological Survey (USGS), the United States imported 10,200 tonnes of US aluminium plates, sheets and bars from China, showing a month-on-month descend of 4,700 per tonne or 31.54%. In September 2021, 14,900 tonnes of US aluminium plates, sheets and bars were imported from...
According to the US Geological Survey (USGS), the United States exported 6,770 tonnes of US aluminium crude metals and alloys to Mexico, showing a month-on-month drop of 360 per tonnes or by 5.04%. In September 2021, 7,130 tonnes of US aluminium crude metals and alloys were exported from Mexico,...
Hindalco Industries Limited further reduced its aluminium products and aluminium ingot prices, with effect from Tuesday, January 25, in tandem with a downfall in LME aluminium price by US$35 per tonne on January 24. The company cut its aluminium billets price by INR 2,750 per tonne from INR 277,600...
On 25 th January 2022, the ‘Board of Directors’ of SRF Limited during the meeting has approved setting up an aluminium foil manufacturing plant for an investment of INR 425 crores. SRF Limited is a multi-business chemicals conglomerate engaged in the manufacturing of industrial and speciality...
According to the US Geological Survey (USGS), the United States imported 33,800 tonnes of US aluminium scrap from Canada, sowing a month-on-month decline of 2,000 per tonne or by 5.58%. In September 2021, 35,800 tonnes of US aluminium scrap were imported to Canada, showing a sharp downfall of 700...
The largest aluminium extrusion company of India, Jindal Aluminium is considering investing INR 150 crore-odd over two years, as it counts to initiate on-stream new capacities across its two verticals i.e. extrusions and rolled products. The aluminium downstream company stated that it will boost up...
The developer, financer, constructor and operator of wind and solar farms as well as large-scale PtX plants European Energy has inked a power purchase agreement (PPA) with light metals components producer 595 Solutions for power from its German wind portfolio. 595 Solutions is a European supplier...
According to the US Geological Survey (USGS), the United States exported 48,700 tonnes of US aluminium scrap to Malaysia, showing a month-on-month growth of 7,500 per tonne or 18.20%. In September 2021, 41,200 tonnes of US aluminium scrap were exported to Malaysia, showing a sharp downfall of...
According to a recent report, Hydro Extrusion Argentina S.A. in Pilar will be certified by Aluminium Stewardship Initiative against the Performance Standard Certification. The plant will be the first aluminium extrusion facility in the country to be certified against the ASI Performance Standard....
