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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European Aluminium Association, the voice of the European aluminium value chain stood against the 9-month suspension of the anti-dumping duties on Chinese flat rolled products. According to the sector, the suspension of the anti-dumping duties on Chinese aluminium flat rolled products will create a negative impact on the EU industries beyond aluminium. According to Gerd Götz, Director General of European Aluminium, “On 30 August, the European Commission released its annual report on EU trade defence activity, in which it writes European companies and their workers can continue to rely on robust trade defence instruments that protect them against unfair trade practices. Only two days later, the Commission announced its intention to suspend the definitive anti-dumping duties on aluminium...
Vedanta Limited expanded its aluminium products prices by INR 4,250 per tonne on Thursday September 9, bringing its aluminium wire rod price to INR 244,500-252,000 per tonne. On Friday, September 10, Vedanta’s aluminium wire rod price again saw a hike of INR 3,500 per tonne to come in at INR 248,000-255,500 per tonne. As per Vedanta’s report, its aluminium billet price grew from INR 240,750 per tonne on September 7 to INR 245,000 per tonne on September 9, which further expanded the very next day by INR 3,500 per tonne to close at INR 248,500 per tonne. Vedanta’s aluminium ingot price also saw an increase of INR 4,250 per tonne on September 9 from INR 232,750-245,750 per tonne to INR 237,000-250,000 per tonne, which grew for the second day in a row on September 10 to reach INR...
Qatalum has joined Aluminium Stewardship Initiative as the Production and Transformation member, bringing the total count of ASI members to 193. Qatalim’s vision is to provide their customers worldwide with best quality aluminium products made in Qatar. They run an aluminium smelter in Mesaieed, Qatar, located 40 km south of Doha. Their facilities include a casthouse, carbon plant, port, a reduction plant, storage facilities and also a captive power plant. The workforce of Qatalum includes people from over 40 nationalities. The company contributes to the industrial diversification of the State of Qatar as well as is paving the way for a sustainably developed future. Qatalum is known to produce more than 600,000 tons of top quality primary aluminium products per year. Their value-extrusion...
Aluminium billet inventories in China have recorded an increase of 6,500 tonnes across five major consumption areas to come in at 145,500 tonnes on Thursday, September 9, found the Shanghai Metals Market. Last week, on September 2, China’s aluminium billet inventories stood at 139,000 tonnes growing by 14,600 tonnes week-on-week. The rise in aluminium billet inventories this week could be attributed to the muted downstream purchase caused by soaring aluminium prices. In addition, arrivals of stocks increased against sluggish orders at extrusion companies. The chart below indicates the current status of aluminium billet inventories across China in more detail: The increase in inventories this week has solely been contributed by Foshan, building up 11,600 tonnes to 79,000 tonnes as of...
The Russellville, Arkansas, aluminum rolled product facility belonging to Jim Walter Aluminum, is the first to receive the GreenCircle Certified LLC’s Certified Environmental facts multiattribute certification, which ensures transparent and externally verified environmental data to the consumers in the main market supplied by JW Aluminum in Russellville. In relation to the production of alloys at JW Aluminum’s Russellville plant, the GreenCircle certification from Pennsylvania will provide with environmental data, information about the carbon footprint, energy reduction, recycled content composition, waste diversion as well as energy reduction. GreenCircle is a third party certification company that works by providing evaluation process designed to provide independent verification stating...
Ningbo HuaYang Aluminium-Tech Co. Limited has reportedly joined the Aluminium Stewardship Initiative as a Production and Transformation member, bringing the total count of ASI members to 194. Ningbo HuaYang Aluminium-Tech Co. Limited is located in the Fenghua Districy in Zhejian, China. The company received their investment from Steel united international investment and development co., limited. Out of them, around 64.59% of the stock is occupied by Taiwan Sino steel Aluminium Corporation or Sino Steel Aluminium in short. Ningbo HuaYang was registered on 30 th October 2002, with the capital amount of 49,000,000 and spreads over 133,000 hectares. The company is known for producing and selling aluminium boards, sheets, aluminium foils, alloys and many more. With more than two years of...
On September 7, 2021, the Board of Directors in Kaiser Aluminum Corporation announced that Michael C. Arnold and Kevin W. Williams are the new members of the board. They will be serving as Independent Directors. Prior to joining Kaiser Aluminum, Mr. Arnold served as the President and Chief Executive Officer of Ryerson Inc., metal processor and distributor. Before being a part of Kaiser Aluminum, Mr.Williams served as the President and Chief Executive Officer at GAA Manufacturing and Supply Chain Management, one of the largest African American owned businesses. According to Jack A. Hockema, the Executive Chairman of Kaiser Aluminum, “As highly respected leaders with a deep understanding of manufacturing and supply chain management, we are excited to have Mike and Kevin join the board.” He...
Zimbabwe is going to utilize more than half of the $961 million allocated by the International Monetary Fund in the form of special drawing rights to support its distressed currency. Mthuli Ncube, Zimbabwe’s finance minister, said: “For the support of the currency we want to hold back about $500 million.” The landlocked country in southern Africa, Zimbabwe imported 1975 tonnes of aluminium bar rods and profiles during 2019-20 and the expenditure for the import was accounted for $2.96 million. Zimbabwe’s import of aluminium bar rods and profiles in 2019 was registered at 567 tonnes and the expenditure occurred for the import counted to $1.26 million, whereas, in 2020 the import displayed growth by 148.32%, as the import volume surged to 1408 tonnes and the expenditure also grew to $1.70...
Hindalco Industries Limited continued to increase its aluminium products and aluminium ingot prices in line with LME aluminium benchmark price rally as an outcome of interrupted raw material supply due to military coup in Guinea. With effect from Tuesday, September 7, Hindalco’s aluminium wire rod price stood at INR 243,350 per tonne, up by INR 4,500 per tonne or 1.88 per cent from INR 238,850 per tonne on September 3. Hindalco’s aluminium billets price also saw a hike of INR 4,500 per tonne or 1.92 per cent to settle at INR 239,350 per tonne from INR 234,850 per tonne in the previous week. The company has also raised its aluminium ingot price by the same amount and selling it at INR 232,250 per tonne since September 7. Hindalco Industries Limited links its aluminium ingot and aluminium...
Vedanta Limited increased its aluminium products prices by INR 2,250 per tonne or 1 per cent with effect from Friday, September 3, bringing aluminium wire rod price to INR 236,000-243,500 per tonne from INR 233,750-241,250 per tonne on September 2. Since the last hike, the company’s aluminium billets price came in at INR 236,500 per tonne, compared to INR 234,250 per tonne on September 2. Vedanta’s aluminium ingot price also saw a raise of INR 2,250 per tonne with effect from September 3 from INR 226,250-239,250 per tonne on September 2 to INR 228,500-241,500 per tonne on September 3. Vedanta Limited links its aluminium products and aluminium ingot prices to the three-month futures of aluminium on the London Metal Exchange, which after September 1 grew by US$28.50 per tonne to stand at...
Metal pipes are generally used in carrying fluids and gases in various pneumatic and hydraulic applications. Aluminum Pipe is an extruded product that is extensively utilized for all types of fabrication projects where lightweight and corrosion resistance is a primary concern. The GDP of Vietnam is predicted to stretch by about 4.8% in 2021. However, the country posted a robust economic performance in H1 2021. Rahul Kitchlu, World Bank Acting Country Director for Vietnam said: “Whether Vietnam’s economy will rebound in the second half of 2021 will depend on the control of the current COVID-19 outbreak, the effective vaccine rollout, and the efficiency of the fiscal measures to support affected business and households, and to stimulate the recovery.” The Southeast Asian nation, Vietnam...
Global aluminium downstream industry remained muted this week except delivering a few updates such as Hulamin’s, South Africa-based aluminium supplier and exporter, flattering results for both rolled and extruded product segments and the rise in China’s aluminium billet inventories on large arrivals of stocks. During the six-month period ended June 30, 2021, Hulamin’s rolled and extruded product sales rose 43 per cent and 58 per cent, respectively, from the same period last year. As report revealed, Hulamin’s profit improved, generating free cash flows of R128 million. Hulamin’s overall group sales volume increased 44 per cent to 102,000 tonnes for the period, while revenue spiked 50 per cent to INR5.5 billion. EBITDA also saw a hike of 166 per cent to INR78.6 million, while basic...
According to the Shanghai Metals Market data, aluminium billet inventories in China built-up 14,600 tonnes or 11.7 per cent from a week ago to stand at 139,000 tonnes on Thursday, September 2. Last week, on August 26, China’s aluminium billet inventories hovered around 124,400 tonnes after declining by 6,200 tonnes across five major consumption areas. Large arrivals at warehouses amid weaker purchases resulted in inventory accumulation, found SMM. Downstream aluminium extrusion companies reduced purchases due to poor orders and high aluminium prices. The chart below indicates the current status of aluminium billet inventories across China in more detail: In Foshan, aluminium billet inventory jumped by 10,500 tonnes to come in at 67,400 tonnes on September 3. In Nanchang, inventory grew by...
As per the OECD report, the Swedish economy is regaining its strength, with projected GDP growth close to 4% in 2021 and 3½% in 2022, on the shoulder of rising exports, which boost the manufacturing production and investment, and strong fiscal and monetary support. However, during the first half of 2021, pandemic-related restrictions and voluntary distancing have pulled back the recovery in services requiring face-to-face interaction, but growth will broaden during H2 2021. The Scandinavian nation, Sweden exported 3886 tonnes of aluminium powder and flakes during 2018-20 and the earnings generated from the export was accounted for $15.02 million. Sweden, the largest country in Northern Europe exported only 705 tonnes of aluminium powder and flakes in 2018 and revenue generation counted to...
Vedanta Limited has decreased its aluminium products prices by INR 4,000 per tonne or 1.68 per cent with effect from Thursday, September 2, bringing the aluminium wire rod price to INR 233,750-241,250 per tonne from INR 237,750-245,250 per tonne on August 28. The company’s aluminium billet price has come in at INR 234,250 per tonne, compared to INR 238,250 per tonne last week. Vedanta’s aluminium ingot price has not been barred from the cut and therefore standing at INR 226,250-239,250 per tonne, also down by INR 4,000 per tonne from INR 230,250-243,250 per tonne on August 28. Vedanta limited links its aluminium products and aluminium ingot prices to the three-month futures of aluminium on the London Metal Exchange, which plunged by US$46.50 per tonne on Wednesday, September 1, to settle...
Italy stands as one of the leading producers and exporters of aluminium bar rods in the European Union region. The Covid-19 pandemic has thoroughly affected the global manufacturing sector, and it has also hit hard at the Italian export of aluminium bar rods and profiles in 2020. The nation's export of the above said aluminium product has been recorded with a de-growth of 35.45% on Y-o-Y, as the export dropped from 303,991 tonnes to 196,221 tonnes, whereas, the revenue earnings also plunged by 52.61%. In 2019, Italy generated $1.31 billion from the export, while in 2020 it fell to $623.88 million. Italy remained one of the first nations who were heavy infected with the deadly Covid-19 virus and the death rate was equally high. However, after all the consequences of the pandemic and with a...
South Africa-based aluminium supplier and exporter Hulamin recorded flattering results for both its rolled and extruded product segments, despite the ongoing Covid-19 pandemic. During the six-month period ended June 30, Hulamin’s rolled and extruded product sales rose 43 per cent and 58 per cent, respectively, from the same period last year. As report revealed, Hulamin’s profit improved, generating free cash flows of R128 million. Hulamin’s overall group sales volume increased 44 per cent to 102,000 tonnes for the period, while revenue spiked 50 per cent to INR5.5 billion. EBITDA also saw a hike of 166 per cent to INR78.6 million, while basic earnings a share surged by 139 per cent to 29c. Enhancement in Hulamin’s both rolled and extruded products included improvements in capacity...
According to the Government estimates, Saudi Arabia's economy grew for the first time since the Covid-19 pandemic in the second quarter propelled by a 10.1% growth in the non-oil sector. However, the International Monetary Fund expects the Saudi economy to grow by 2.4% this year. The Kingdom of Saudi Arabia imported 3492 tonnes of aluminium tubes and pipes during 2019-20 and the expenditure occurred for the import was accounted for $12.19 million. In 2019, the oil-rich nation imported 2419 tonnes of aluminium tubes and pipes and the amount expended for the import was $8.53 million, whereas, in 2020 the import demonstrated a downfall by 55.64%, as the import volume plunged to 1073 tonnes and the expenditure also fell to $3.66 million. Saudi Arabia’s import of aluminium tubes and pipes in...
