Ford has produced more than 5,000 large aluminium unicastings at its Shelbyville Technical Center as it advances manufacturing preparations for the Fathom midsize electric truck, scheduled to launch in 2027. The castings are being used for process testing and prototype assembly at the company's Louisville Assembly Plant. The Fathom will feature two large aluminium unicastings that replace 146 individual structural parts, significantly simplifying the vehicle's architecture. Ford says the approach reduces vehicle mass and improves overall energy efficiency, while introducing a different method of assembling vehicles through its new Universal Production System. The two large structures form the front and rear sections of the vehicle. By consolidating numerous components into fewer castings,...
AMAG Group reported around a 59 per cent increase in earnings before interest, tax, depreciation and amortisation (EBITDA) to EUR 181 million (USD 202 million) in the first nine months of 2026, compared with EUR 114 million (USD 127 million) in the same period last year. Revenue rose 16.4 per cent to EUR 1.3 billion (USD 1.4 billion) from EUR 1.1 billion (USD 1.2 billion) in the first three quarters of 2025. Net income after taxes increased about 142 per cent to EUR 82 million (USD 91 million), up from EUR 34 million (USD 38 million). The Austrian aluminium producer attributed its performance to strong operations at its Ranshofen site, higher shipment volumes in the Rolling Division, and attractive market conditions for its Canadian aluminium smelter interest, Alouette. Cost-efficiency...
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Kaiser Aluminum, an American producer of superior aluminum mill products, has revealed its third-quarter results mentioning net sales of $751 million, with value-added revenue of $305 million. The data indicates that the company’s revenue decreased quarter-on quarter by $13 million despite the hike of $10 in net sales. The net loss reported by Kaiser for Q3 was $2 million or $0.14 loss per share. Net income was $9 million or $0.57 earnings per share, down from $16 million or $1 earnings per share in Q2 2021. Adjusted operating income also fell in Q3 by $7 million on quarter from $33 million to $26 million. Adjusted EBITDA stood at $50 million in Q3 compared to $59 million in Q2 2021. However, on a year-on-year calculation, net income in Q3 increased from $6 million or 0.39 earnings per...
Austria-based high-quality aluminium products supplier Hammerer Aluminium Industries (HAI) is reportedly investing in a third recycling furnace at its Santana site in Romania, in response to the increasing demand for lightweight aluminium products. The new furnace is expected to produce high-quality aluminium recycling material at a full capacity from early 2022. Hammerer Aluminium CEO, Rob van Gils, said: "We are implementing the project quickly and will be able to supply the market with high-quality recycling material at full capacity from the beginning of 2022, as planned, and thus meet the increasing demand of our customers." For the planning and implementation of the furnace, the HAI Group is relying on Hertwich Engineering GmbH from Braunau in Upper Austria. The new plant will...
Affin Hwang Capital informed that China's energy crisis, which is projected to last until 2022, would result in some profit margin erosion in Press Metal Aluminium Holdings Bhd's earnings. According to Affin Hwang Capital, raw material supply, including alumina, carbon anode, magnesium, and silicon metal, is likely to be under pressure in the next quarters, as China struggles with its energy shortages, causing manufacturing interruptions. Based on the report, the most energy-intensive businesses, such as cement, steel, and aluminium manufacturing, are anticipated to be the worst impacted by the power shortage. “Nevertheless, we believe the rise in raw material prices will be partially passed through to customers, mitigating the impact, while the resulting global supply shortage would...
According to the US Geological Survey (USGS), the United States imported 5,880 tonnes of crude metals and alloys from Qatar in July 2021, flaunting a month-on-month increase of 2,070 tonnes or 54.33 percent. In June 2021, 3,810 tonnes of aluminium crude metals and alloys were imported from Qatar, a decline of 53.87 percent from 8,260 tonnes in May 2021. On a year-on-year calculation, US aluminium crude metals and alloys imported from Qatar in July 2021, moved up by 2,330 tonnes or by 39.62 percent from 3,550 tonnes. From January to July 2021, the imported aluminium crude metals and alloys by the United States were recorded at 40,500. For the same period last year, the amount exported by Qatar stood at 40,500 tonnes. According to the data shared by the United States Geological Survey, the...
On Monday, October 18, Novelis Inc., one of the leading producers of rolling aluminum and the global leader in beverage can recycling announced that they will invest US$130 million in their Oswego, New York operations to fulfil growing customer demand for sustainable aluminum flat rolled products. This project will enable Novelis to ascend their hot mill capacity at the factory, which services the can, automotive, and specialty products industries, by 124,000 metric tonnes, as well as improve automotive sheet finishing capabilities. Novelis is the world's biggest supplier of aluminum automotive sheet, which is used to construct structural components and exterior body panels in over 225 vehicle types manufactured by leading automakers around the world. Novelis aluminum is developed to...
Hindalco Industries Limited has continued to increase its aluminium products prices, in line with the continuous rise in LME aluminium benchmark price. With effect from Tuesday, October 19, Hindalco’s aluminium billets price stood at INR 287,600 per tonne, up by INR 2,500 per tonne from INR 285,100 per tonne on October 15. Hindalco’s aluminium wire rod price has also witnessed a hike of INR 2,500 per tonne on October 19 to stand at INR 288,100 per tonne. The latest increase in Hindalco’s aluminium prices has brought the company’s aluminium ingot price to INR 277,000 per tonne, compared to INR 274,500 per tonne on October 15. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which...
The aluminium industry is countering the dearth of raw materials for the production of the metal that is utilized in vehicle manufacturing and building supplies sends an alert for distress in supply that has propelled US prices to an all-time peak. The biggest aluminium billet producer in the United States, Matalco has sent an S-o-S to consumers of its output slash and rationalizes supplies immediate next year amid a magnesium crisis. Matalco stated in a letter to customers: “Difficult-to-source supplies of other raw materials and soaring natural gas prices are adding to the challenges.” The largest primary aluminium producer of the US, Alcoa expressed their disquiet about magnesium shortage, as they observed so-called force majeure declarations by some suppliers. The Force majeure clause...
The world’s leading manufacturer in flat-rolled aluminium (FRP), Assan Aluminyum, a subsidiary of Kibar Holding, has settled plans to invest further in sustainable expansions through a sequence of investments worth over $95 million from 2021 through 2024. However, with the accomplishment of the expansion of the project, Assan Alüminyum is expected to have the largest continuous casting capacity in Europe and America. Global climate change, exhausting resources and extensive social inequalities is developing a critical future for the human race. Hence, corporate sustainability gains importance at a faster pace than ever. Assan Alüminyum eyes on sustainability as one of its fundamental values with the awareness and walk on the steps of the Aluminium Stewardship Initiative (ASI) framework to...
Hindalco Industries Limited has sharply increased its aluminium products prices with effect from Friday, October 15. The company’s aluminium wire rod price has seen a surge of INR 5,750 per tonne to come in at INR 285,600 per tonne. On October 14, the price stood at INR 279,850 per tonne, up by INR 2,250 per tonne from INR 277,600 per tonne. Hindalco’s aluminium billets price has also witnessed a hike of INR 5,750 per tonne from INR 279,350 per tonne to INR 285,100 per tonne, with effect from October 15. Hindalco Industries’ aluminium ingot price has mounted to INR 274,500 per tonne in comparison with INR 268,750 per tonne on the previous day. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal...
On 15 th October, the aluminium products producer China Zhongwang Holdings Co. stated that it had been alerted of acute distress at two subsidiary companies following the Chinese prices for the silvery shining metal attained a 15-year record high. Liaoyang Zhongwang Superior Aluminium Fabrication Co and Liaoning Zhongwang Group Co are countering trouble owing to substantial losses and business oppression, as per the statement Zhongwang delivered to the Hong Kong stock exchange, without any further clarification. The world second-largest and Asia’s biggest producer of aluminium extrusions are broadly consumed in multiple sectors like transport, construction and electronics industries. Zhongwang is the world's second-biggest manufacturer of aluminium extrusions widely used in the transport,...
The global aluminium downstream market essentially remained muted this week except a few important updates. For instance, European Aluminium Association has strongly opposed the 9-month suspension of definitive anti-dumping duties on Chinese aluminium flat-rolled products. European Aluminium is reportedly ready to follow all available avenues to combat the unjustified suspension of the long-overdue trade defence measures. According to the association, the suspension of duties will have a devastating impact on the EU aluminium value chain, even beyond the suspension period. Tens of thousands of EU jobs and EU investments into decarbonisation and recycling will be at risk. To know more:...
In the first nine months of 2021, the AMAG group set new revenue and earnings records. The key reasons for this were consistent production results, increased export quantities, and a competitive aluminium pricing. AMAG is a major Austrian premium provider of high-quality aluminium cast and flat rolled products for a wide range of sectors, including aerospace, automotive, sporting goods, lighting, mechanical engineering, construction, and packaging. “After a difficult year 2020, we have been able to cope with the challenges in connection with the rapid recovery since the beginning of the year and have achieved a very positive result. Aluminium production in Canada contributes significantly to that. At our Ranshofen site, we successfully met high demand from various industries and at the...
The Pietermaritzburg, South Africa based company that specialises in rolled aluminium products for precision and high technology applications, Hulamin’s stock prices climbed to a 25% rise in the morning trade of 14 th October 2021, following the metal company issued a cautionary that it has set foot in discussions. On 13 th October 2021, the share price surged to a high of R3.99 after closing at R3.19. The company exemplified: “Shareholders are advised that the company has entered into discussions which, if successfully concluded, may have a material effect on the price of the company’s securities.” Consequently, the shareholders of the company were advised to exercise caution while dealing in the Hulamin’s securities. The supplier of a significant proportion of the world's ultra-high-end...
According to the Shanghai Metals Market, aluminium billet inventories in China increased by 7,400 tonnes week-on-week across five major consumption areas. Thus, the inventories stood at 184,400 tonnes on Thursday, October 14. Stock gains in Foshan and Nanchang primarily contributed to the increase in aluminium billet inventories this week. The purchase trend was largely on rigid demand as the downstream market was mostly following wait-and-see. The chart below indicates the current status of aluminium billet inventories across China in more detail: In Foshan, aluminium billet inventories grew by 4,800 tonnes this week to come in at 99,400 tonnes. In Nanchang, inventories gained 3,500 tonnes to stand at 27,500 tonnes, while stocks in Wuxi and Changzhou inched up by 690 tonnes and 400...
Dubal Holding, the investment arm of Investment Corporation of Dubai (ICD), announced Ahmad Hamad Bin Fahad as the new Chief Executive Officer of the company. Saaed Mohammed Al Tayer, the chairman of Dubal Holding, stated that Ahmad Hamad Bin Fahad’s appointment as the CEO was based on his effectiveness in promoting the interest and success of the company. Bin Fahad is a seasoned international investor with over two decades of experience. His experience includes JV structures, business development, mergers and acquisitions among other things. Before joining Dubal Holding, Ahmad Hamad Bin Fahad he worked at Etisalat International Investment, Istihmar World Ventures and Millennium Finance Corporation. Apart from this, he is also the vice-chairman of Dubai Waste Management Centre Project,...
The apex body representing the entire spectrum of the Indian Aluminium Industry, the Aluminium Association of India’s President Rahul Sharma emphasized the drastic impact of coal dearth that has developed on industries. Accordingly, the fossil fuel counts for around 40% of the production cost which he stated in his letter to Coal India Ltd. (CIL). He also added that the MSME sector is steering towards a risk factor of closure and lay-offs, as the facilities are compelled to functionalize with highly slashed power. V.K. Agarwal, Managing Director of Shashi Cables Ltd. exploring this matter to another level commented: “Small units are the real sufferers not solely because of power shortage but there are other prominent issues as well, for which we will be liaising with the concerned...
The Aluminium Stewardship Initiative has certified Novelis’ Voerde and Koblenz sites in Germany against Provisional Performance Standard Certification for remelting, casting, and rolling activities. Novelis Europe has expanded its Chain of Custody scope to include these sites, which means that all of Novelis’ European production facilities are now certified to both ASI standards certifications. The independent third-party audits of the Novelis sites were carried out by SZI GmbH. The audits were undertaken as a desktop exercise with a remote view of relevant documents. Fiona Solomon, Chief Executive Officer at ASI, said: “We congratulate Novelis on achieving Europe-wide ASI Performance Standard and Chain of Custody Standard Certifications, a further demonstration of the company’s strong...
On 14 th October 2021, the Chairman of Shandong Nanshan Aluminium Co, Lu Zhengfeng stated that in 2021, the Chinese aluminium processors experience diminishing profits anticipated to mounting metal prices. The metal aluminium that is utilised in making of beverage cans to aeroplanes, witnessed a surge of over 50% as of now this year on the ground of robust demand and production curbs due to a severe power crisis and flooding in China, global master of aluminium production. Lu Zhengfeng said: “Aluminium prices have jumped significantly (and) increasing freight charges, price spreads and exchange rates are all having a big impact on processors.” On 13 th October 2021, the profusely traded November aluminium contract on the Shanghai Futures Exchange surged to its towering point since 2006...
