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 Corporation reported net sales of $741 million for the second quarter 2021 compared to $276 million in the prior year period, reflecting a 184% increase in shipments and a 5% decrease in average selling price per pound. Adjusted EBITDA stood at $59 million, up $24 million year-on-year, reflecting the higher value added revenue offset by higher manufacturing and overhead costs. “Solid second quarter value added revenue of $318 million and adjusted EBITDA of $59 million reflect the first full quarter results of our recently acquired Warrick Rolling Mill along with continued improvement in our end markets,” said Keith A. Harvey, President and Chief Executive Officer. “Our commercial aerospace end market is beginning to demonstrate positive momentum as air travel continues to...
Hindalco Industries Limited has raised its aluminium products price by 2%. With effect from Saturday, 24 July 2021, aluminium billets and wire rods prices stand at INR 223,100 per tonne and INR 227,100 per tonne, a jump of INR 4,250 per tonne from July 20’s price of INR 218,850 per tonne and INR 222,850 per tonne. Aluminium ingots price registered a hike of INR 4,250 per tonne on Saturday, July 24, standing at INR 216,000 per tonne from INR 211,750 per tonne on July 20. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price stood at US$ 2492 per tonne on July 23 from US$ 2449 per tonne on July 22. Aluminium operations of the company, excluding those of its US arm Novelis Inc, generally...
The European Union’s new legislation, Fit for 55 which was introduced on 14th July to reduce its GHG emissions by 55% by 2030 and to net-zero by 2050. This has been highly appreciated as the EU’s climate change action transformed into law, safeguarding it from the winds of political change. It will open fresh markets for Indian industry such as for electric vehicles; however, it also instigates a definitively unfavourable policy known as the carbon border adjustment mechanism (CBAM). Since 2005, the European Union has had a carbon emission trading system, with a current market price of 50 euros per tonne of carbon. Now, with Fit for 55, the EU will drive more sectors into this trading scheme and hardens its granting of permits. The European Union’s carbon price will strive its domestic...
This week the global aluminium industry’s downstream segment delivered some great news and definitely, it throws positive response to the market, while the week also had controversial news as American Industrial Partners (AIP) came up with a board spat with British industrialist Sanjeev Gupta on Duffel aluminium rolling plant and now it has gone to worst. On the other hand, auto companies are getting attracted to aluminium more due to their gradual shift to EVs and auto components maker Bharat Forge also gears up itself with the move. The global automotive industry is countering a lot of disarrays, counting stricter regulations on emissions steering automakers to switch to the electric vehicle segment. India’s leading manufacturer and exporter of auto components, stated in its annual...
On 19th July 2021, the organizations that emerge for their financial performance during 2010-2020 were honoured at the Awards Ceremony for the Greek business, "Protagonists of the Greek Economy", organized for the sixth time by the Direction Business Network. The awards were honoured based on the official financial data of the companies as reflected in their financial reports and are presented in detail in the publication "The Strong of the Greek Economy", which has just been released and is also dedicated to the decade 2010-2020. The Greek aluminium extrusion company, COSMOS ALUMINUM SA, with the high performance it has shown in the past decade, deservedly is among the elite of the companies that stood out. COSMOS ALUMINUM SA was also awarded the Solidarity Excellence Award for its...
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China declined by 0.9% 1,200 tonnes from the previous week to 119,600 tonnes on Thursday, July 22, 2021. Aluminium billet outbound volume fell by 1,800 tonnes to 46,500 tonnes last week. The chart below indicates the current status of aluminium billet inventories across China in more details: Stocks in Foshan, Changzhou and Nanchang fell this week, standing at 52,300 tonnes, 14,000 tonnes and 22,150 tonnes on Thursday, July 22. That was down by 2,700 tonnes, 100 tonnes and 1,950 tonnes from 55,000 tonnes, 14,100 tonnes and 24,100 tonnes on July 15. The inventories of billets in Wuxi and Huzhou increased. Among them, Huzhou stocks increased the most, with inventories increasing by...
The US private equity group American Industrial Partners (AIP) board spat with British industrialist Sanjeev Gupta has gone to worst. Gupta was displaced from Alvance Aluminium Duffel earlier this month and now he has successfully fought in court to be appointed back to the board on 14th July 14. Though it’s an impermanent win for Gupta, it gives him time to fetch a solution with lenders, who are trying to overtake his assets. As per the sources, on 14th July 2021, the Antwerp, Belgium based commercial court reinstated Sanjeev Gupta as head of the Alvance Aluminium Duffel BV unit. However, as of yet, there has been no comment from both parties on this issue. The American equity firm stands as the main lender to the Duffel plant, which also stressed the company into administration in the...
The global automotive industry is countering a lot of disarrays, counting stricter regulations on emissions steering automakers to switch to the electric vehicle segment. India’s leading manufacturer and exporter of auto components, stated in its annual report: “2021 will be the year electric vehicles (EVs) will take centre-stage.” According to Million Insights, a California-headquartered market research firm said in May’20: “The EV market is expected to be valued at over $1.2 trillion by 2027. The growth can be imputed to the number of government initiatives across the globe to promote the adoption and manufacturing of EVs.” While according to International Energy Agency (IEA) in its annual global EV outlook report, released in April 2021, said: “The global electric vehicle stock...
The South African manufacturer of specialised rolled aluminium products, Hulamin, stationed in Pietermaritzburg, KwaZulu-Natal announced that it has restarted operations after unrest tormented the country. On 12 th July 2021, the world's ultra-high-end aluminium products maker suspended its operations after the nationwide unrest following the arrest of former President Jacob Zuma. In the latest update, Hulamin said: “Property loss had been limited to the theft of a few small non-critical items and minor damage to infrastructure.” However, the group further added that from 16 th July 2021, the company resumed its operations. The company said to its shareholders: “A sense of calm prevails as Pietermaritzburg gradually returns to normal. The company acknowledges and appreciates the efforts...
Dengfeng Power Group Co Ltd’s aluminium alloy unit stopped production as flooding water entered the plant, according to Reuters report. The incident occurred after water spread into a high-temperature solution in the alloy tank and caused a blast. The Dengfeng government said in a statement that no casualties were reported. The government also started safety inspection. The aluminium alloy plant, located in Central China's Henan Province, has an annual capacity of 60 000 tonnes and manufactures alloy rods, high-silicon aluminium alloy and titanium products. Dengfeng Power Group cut off power at the plant and arranged evacuations for its staff, it said. Dengfeng Meteorological Service issued a red alert for rainstorms late Monday.
The economy of Bulgaria is set to recoil from its Covid-19 induced contraction in 2021. Household and capital spending should inflate solidly, while development in global demand should support the external sector. However, the heightened general uncertainty and a prolonged health crisis pose key downside risks. FocusEconomics panellists see the economy expanding 4.2% in 2021, which is unchanged from last month’s estimate, and 3.6% in 2022. The Balkan nation in south-eastern Europe, Bulgaria exported 22,340 tonnes of aluminium tubes and pipes during 2018-20 and the revenue generation occurred for the export accounted for $53.47 million. Bulgaria exported 4768 tonnes of aluminium tubes and pipes in 2018 and the earnings booked was $11.53 million, whereas, in 2019, the export developed...
The biggest company in the Austrian Aluminium industry sector, AMAG Austria Metall AG increases its earnings forecast for the current financial year predominantly due to the ongoing positive market trend of primary aluminium. The premium supplier of high-quality aluminium cast and flat-rolled products, AMAG has an integrated plant in Ranshofen, Austria which enables the combination of core competencies in recycling, casting, rolling, heat treatment and surface finishing uniquely. AMAG stands as a world leader in recycling, with an average of 75-80% recycled material in the input material. Now taking into consideration, the positive earnings development in H1 2021 and on-ground actual estimates for H2 2021, the AMAG management board expects an EBITDA between €155 and €175 million for the...
Acording to the data released by the General Administration of Customs, China's imports of unwrought aluminium and products - which include primary metal and unwrought, alloyed aluminium increased month-on-month by 30% in June. Imports of unwrought aluminium and products stood at 294,081 tonnes last month. That was up from 225,458 tonnes in May. On a year-on-year basis, aluminium imports rose 1.8%. In the first six months of 2021, unwrought aluminium and products imports totalled 1.46 million tonnes, customs said, an increase of 79.2% on the year. The country began importing much higher-than-usual volumes of the aluminium from mid-2020 on higher due demand due to strong Shanghai prices. Imports of bauxite in China declined by 3% year-on-year to 10.14 million tonnes in June. That marked an...
The global aluminium downstream sector is gradually regaining its power following the severe crisis rooted in multiple waves of the Covid-19 pandemic. The Indian born British metal magnate Sanjeev Gupta battles to save its Belgian aluminium rolling mill from US equity firm AIP and the British firm Alucast’s £200,000 investment supports to bounce back from pandemic has created significant noise this week, whereas in the market dynamics the price and import-export demand reflects the rise and also decline. Hindalco Industries Limited increased its aluminium products and aluminium ingot prices on Saturday, July 10, a day soon after it sharply reduced the prices. The company grew its aluminium wire rod price by INR 2,750 per tonne to sell the product at INR 226,100 per tonne. On Friday, July...
Alcoa Corporation expects double-digit growth in the sales of its value-added products this year based on the continued economic recovery and improved demand for aluminium across all end markets. The company forecasts an improvement in shipments across all segments. Bauxite is estimated to improve by 0.1 million dry metric tonnes to 50-51 million dry metric tonnes; alumina to increase to 14.1-14.2 million metric tonnes; and aluminium by 0.2 million metric tonnes to 2.9-3 million metric tonnes. Alcoa anticipates a strong Q3 on the basis of continuing forecasts for economic recovery and solid global demand across end-use sectors. It expects third quarter tax expense to exceed $100 million, which may vary with market conditions and jurisdictional profitability. As the COVID-19 pandemic is...
Hindalco Industries Limited has further hiked its aluminium products price. With effect from Friday, 15July 2021, aluminium billets and wire rods prices stand at INR 224,850 per tonne and INR 228,850 per tonne, an increase of INR 2,500 per tonne from INR 222,350 per tonne and INR 226,350 per tonne on July 14. The company’s aluminium ingots price has come in at INR 217,750 per tonne on 15 July 2021, marking a growth of INR 2,500 per tonne from INR 215,250 per tonne on 14 July. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price stood at US$ 2495 per tonne on July 15 from US$ 2509 per tonne on July 14. Aluminium operations of the company, excluding those of its US arm Novelis Inc,...
The economy of Uruguay economy is heavily dependent on its neighbours, Brazil and Argentina. In 2020, the country’s GDP plunged by an estimated 5.7%, primarily due to the impacts of the COVID-19 pandemic not only in the country but also in its neighbours. However, it should be considered that the pandemic had a relatively minor impact on the Uruguayan economy when compared to other countries in the region. The economy is still expected to recover in the coming years, with the IMF's April 2021 estimates predicting growth of 3% for 2021 and 3.1% for 2022, subject to post-pandemic global economic recovery. The South American nation, Uruguay imported 6651 tonnes of aluminium bar rods and profiles during 2019-20 and the foreign revenue expended for the import stood at $21.75 million. Uruguay’s...
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According to the Shanghai Metals Market, aluminium alloys prices have closed the week on Friday, July 16, on a positive note across China. Aluminium alloy (A356) price has grown by RMB 150 per tonne to touch the mark of RMB 20,000 per tonne. The average prices are expected to range between RMB 19,950 per tonne and RMB 20,050 per tonne. Aluminium alloys (ADC12) price and aluminium alloy (A380) price have surged by RMB 200 per tonne to stand at RMB 18,700 per tonne and 19,700 per tonne, respectively. Their average prices are likely to range between RMB 18,600-18,800 per tonne and RMB 19,600-19,800 per tonne, respectively. A00 aluminium ingot price has also extended its hike by RMB 130 per tonne to close the week at RMB 19,410 per tonne on July 16. The average prices are estimated to range...
