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....
Grow with
AL Circle
Hindalco Industries Limited increased its aluminium products and aluminium ingot prices on Saturday, January 15, following a cut in the preceding day. The company grew its aluminium billets price by INR 2,000 per tonne or 0.75 per cent to INR 267,850 per tonne. On January 14, the price stood at INR...
The downstream sector of the aluminium industry has been under the spotlight for a limited but strong number of reasons. To start with, according to a new study, the increased usage of electric vehicles (EVs) in global transportation is good for aluminium producers like Hindalco but negative for...
According to the US Geological Survey (USGS), the United States imported 233,000 tonnes of US aluminium crude metals and alloys from Canada in October 2021, showing a month-on-month hike of 32,000 per tonne or by 91.38%. In September 2021, 201,000 tonnes of US aluminium crude metals and alloys were...
Hindalco Industries Limited has reduced its aluminium products and aluminium ingot prices, with effect from Friday, January 14, after the four consecutive hikes since January 5, 2022. The company has cut its aluminium wire rod price by INR 3,500 per tonne to INR 262,850 per tonne. On January 13,...
Kaiser Aluminum Corporation (NASDAQ:KALU) stated today that its Board of Directors has declared a quarterly cash dividend of $0.77 per share, up 7% from the previous quarter's payout. The dividend will be paid on February 15, 2022 to stockholders who were on the books on January 24, 2022 at the...
According to the Shanghai Metals Market, aluminium billet inventories in China surged by 27,300 tonnes week-on-week across five major consumption areas. As a result, the inventories recorded at 140,500 tonnes, as of Thursday, January 13. With the exception of Huzhou, inventories increased in all of...
The Japanese manufacturer of precious metals materials, TANAKA Holdings that focuses majorly on products for the electronics, semiconductor and automotive industries has publicized its subsidiary TANAKA Denshi Kogyo is planning to set up a new plant in the Chinese city of Hangzhou to boost the...
The North African nation, Algeria which is heavily dependent on the petroleum economy, has been straggling behind since the drop in oil prices in 2014. However, the World Bank ranks Algeria as an upper-middle-income nation. The Gross Domestic Product (GDP) was worth $145.16 billion in 2020,...
The first and one of the largest downstream aluminium facilities in the Middle East for rolling, cutting and fabricating aluminium, the Bahrain-based Gulf Aluminium Rolling Mill B.S.C (“GARMCO”) notified that it has reached a final agreement with the group of Creditors to ensure continuity of the...
According to a new study, the growing use of electric vehicles (EVs) in global transportation is excellent for aluminium manufacturers like Hindalco but bad for steel producers. For investors interested in metal equities, global investment firm Jefferies predicts Hindalco's stock price to return...
As per the overview of the World Bank, Iraq remains on the list of countries that are heavily or mostly dependent on oil production and export. In the last few decades, its oil revenues have shouldered for more than 99% of exports, 85% of the government’s budget, and 42% of GDP. However, this...
The Romanian aluminium producer, Alro publicized that Vimetco Extrusion (VE), its downstream arm managing the extrusion business line, initiates the implementation of a new investment project focused on modernizing and enhancing production capacity. This sustainable business development project,...
The beginning of 2022 has been quite eventful for the global aluminium downstream industry. A lot of new events, projects, has kept the downstream sector under the spotlight. To begin with, Ehab El Elwany, marketing head and spokesman for Egypt Aluminum (Egyptalum) (EGAL), announced that the...
Hazelett Strip-Casting Corporation of Colchester has reportedly become a member of the EBNER Group through the acquisition by EBNER. The EBNER Group, which consists of EBNER Industrieofenbau in Leonding, Austria; EBNER Furnaces in Wadsworth, USA; EBNER Industrial Furnaces in Taicang, China;...
Hindalco Industries Limited has continued to increase its aluminium products and aluminium ingot prices for the third consecutive day, with effect from Friday, January 7. The company has hiked its aluminium wire rod price by INR 3,500 per tonne, bringing it to INR 260,600 per tonne. A day ago (on...
In the south-eastern European nation, Romania, a total of four aluminium component manufacturers for global aerospace organisations like Airbus, Boeing and Bombardier, which are managed by the Swiss group Montana Tech Components AG, is highly depressed, as their energy provider has forced them to...
According to the Shanghai Metals Market, aluminium billet inventories in China hikes by 32,900 tonnes week-on-week across five major consumption areas. As a result, the inventories registered at 113,200 tonnes, as of Thursday, January 6. On a weekly basis, inventories in the five major markets all...
On 6 th January 2022, Croatia decided to declare the 24.30 million euros (182.87 million kunas) investment by Impol-TLM towards the building of an aluminium block casting plant, which is considered as a project of strategic importance, a drive that focuses to gear up the momentum for the execution...
