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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On 15th July 2021, South Korea's Ministry of Industry stated that the nation's aluminium and steel sectors are expected to be counter trouble from the European Union’s carbon border tax. The announcement from the ministry came a day after the EU declared its intention to implement the Border Carbon Emissions Adjustment Mechanism (CBAM), aimed at imposing a ‘carbon price’ on imports of certain products in the country. Importers need to purchase ‘carbon certificates’ equating to the amount of carbon spent to manufacture the products. Subsequently, products with higher carbon emissions will lose their competitiveness in the European market. South Korea assumes that the new policy could register a negative impact on the aluminium and steel industry. Asia's fourth-largest economy, South Korea...
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China declined by 2% this week. The inventories fell by 3,000 tonnes from the previous week to 120,800 tonnes on Thursday, July 15, 2021. Aluminium billet outbound volume rose by 800 tonnes to 48,300 tonnes last week, an increase of 1.6%. The outbound volume are expected to drop next week, and the inventories may increase. The chart below indicates the current status of aluminium billet inventories across China in more details: Stocks in Foshan and Huzhou declined significantly this week, standing at 55,000 tonnes and 9,000 tonnes on Thursday, July 15, 2021, down 2,400 tonnes and 2,000 tonnes from last week. The inventories of billets in Nanchang decreased by 400 tonnes to 24,100...
Hungary economy is an export-oriented market economy with a substantial significance on foreign trade. The country is the 35th largest export economy in the world. The ERSTE Research predicted that the Hungarian economy to grow by 3.90% in 2021. The landlocked central European nation, Hungary recorded an export of 208,308 tonnes of aluminium plates, sheets and strips during 2018-20 and the revenue earnings accounted for from the export stood at $510.32 million. Hungary’s export of aluminium plates, sheets and strips in 2018 was registered at 47,299 tonnes and the earnings recorded was $116.83 million, whereas, in 2019, the export surged to 89,068 tonnes, demonstrated growth by 88.30% and the earnings also shot up to $218.76 million. In 2020, Hungary’s export of aluminium plates, sheets...
Hindalco Industries Limited has raised its aluminium products price by INR 2,500 per tonne or more than 1%. With effect from Wednesday, 14 July 2021, aluminium billets and wire rods prices stand at INR 222,350 per tonne and INR 226,350 per tonne. That was an increase of INR 2,500 per tonne from INR 219,850 per tonne and INR 223,850 per tonne on July 13. Aluminium ingots price stands at INR 215,250 per tonne on Wednesday, 14 July 2021, a hike of INR 2,500 per tonne from INR 212,750 per tonne on 13 July. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price on stood at US$ 2509 per tonne July 14, down from US$ 2478 per tonne on July 13. Aluminium operations of the company, excluding those of...
KPS Capital Partners (KPS) has acquired Metra Holding S.p.A. and Metra S.p.A., (collectively "Metra"). The company purchased Metra, a producer of extruded aluminium, from Highlander Partners. KPS also acquired Profile Custom Extrusions, LLC ("Profile"), a U.S. manufacturer of extruded aluminum. Both the companies will be combined to form a leading, global extruded aluminum profile platform with presence across both Europe and North America. Metra manufactures extruded aluminum profiles for industrial and building & construction end-markets across Europe and North America. Pierre de Villeméjane, a Partner of KPS Mid-Cap Investments ("KPS Mid-Cap"), said, "By combining Metra and Profile, we will create a robust global extruded aluminum platform with an unparalleled reputation for...
A source reports that Sanjeev Gupta is making great efforts to lay hold of its Belgian aluminium rolling mill after a US private equity firm AIP took legal action in the UK to seize control. In an attempt to do so, Gupta’s metals group GFG Alliance, which is the subject of an investigation by the UK’s Serious Fraud Office, is fighting to refinance more than $5 billion of debt since the collapse of Greensill Capital, its main lender. The lender to GFG’s Duffel rolling mill outside Antwerp, however, launched legal proceedings in the past week. AIP successfully persuaded a court to appoint administrators at a UK holding company that owns the asset. That could result in the transfer of ownership of the Belgian mill from GFG Alliance to AIP. A spokesman for GFG said it is “vigorously...
The specialist in Aluminium casting, Alucast’s delivery of single-source manufacturing solution is supporting itself to bounce back from the pandemic. The Wednesbury factory of Alucast that employs around 100 people has secured new wins with major carmakers and accredits its ability to provide simulation, casting, machining and the latest testing facilities. The investment of more than £200,000 for creating a specialist Dye Penetrant offer has strengthened the business even further. This is a form of non-destructive testing used to assess structural vehicle components and other parts for cracks. The fully trained five-member staff have been operating the new line successfully for several months. Tony Sartorius, Chairman of Alucast, said: “The automotive sector is always looking for faster...
According to the US Census Bureau data, the United States exported 23,900 tonnes of aluminium plates, sheets and bars to Mexico in April 2021. That was down by 10.88 per cent from 26,500 tonnes of exports in March 2021. In February 2021, the United States exported 21,800 tonnes of aluminium flat rolled products, which was 14.84 per cent down from March and 8.79 per cent down from January 2021. On a year-on-year calculation, the United States aluminium plates, sheets and bars exports to Mexico in April 2021 edged 29.19 per cent higher than 18,500 tonnes. In the first four months of the year, the United States aluminium flat rolled products exports to Mexico totalled 96,100 tonnes, up 500 tonnes or 0.52 per cent from 95,600 tonnes during the same period last year. The United States total...
Russia’s exports of crude metals and alloys to the US stood at 9,320 tonnes in April 2021, a decrease of 20.34% year-on-year. The Russia had exported 11,700 tonnes to the US in April 2020, according to the latest Mineral Industry Survey report from the US Geological Survey. On a month on month comparison, exports dropped by 47% from 17,500 tonnes exported in March 2021. Crude metals and alloys exports stood at 48,100 tonnes in the first four months of 2021, as compared to 51,900 tonnes in the first four months of 2020. This marked a decrease of 7% year-on-year. Russia’s exports of total aluminium (crude metal and alloys, semi-finished products and scrap) to the USA stood at 10,400 tonnes and 53,000 tonnes in April and January-April 2021. That was a drop of 33.33% year-on-year and 0.93%...
Vedanta Limited has reduced its aluminium products and aluminium ingot prices with effect from Tuesday, July 13, in line with the decline in LME aluminium benchmark price on Monday, July 12. Vedanta’s aluminium wire rod price has come in at INR 220,750- 228,250 per tonne, up by INR 2,250 per tonne or 1 per cent from INR 223,000-230,500 per tonne on July 10. Vedanta’s aluminium billet price has also seen a cut of INR 2,250 per tonne to INR 221,250 per tonne from INR 223,500 per tonne last week. The price cut with effect from July 13 has brought Vedanta’s aluminium ingot price to INR 213,250-226,250 per tonne from INR 215,500-228,500 per tonne on July 10. Vedanta links its aluminium products and aluminium ingot prices to the three-month futures of aluminium on the London Metal Exchange,...
The United Arab Emirates exports of crude metals and alloys to the US stood at 30,900 tonnes in April 2021, a decrease of 20% or 7,500 tonnes year-on-year, from 38,400 tonnes exported April 2020, according to the latest Mineral Industry Survey report from the US Geological Survey. On a month on month comparison, exports dropped 0.96% from 31,200 tonnes. In the first four months of 2021, the UAE’s export of crude metals and alloys stood 24.3% lower year-on-year. The UAE exported 109,000 tonnes in January-April 2021, from 144,000 tonnes in January-April 2020. The UAE exported 31,200 tonnes of total aluminium to the USA in April 2021, from 38,400 tonnes exported in April 2020. This marked a decrease of 18.75% year-on-year. Semi-finished products export stood at 311 tonnes and 741 tonnes in...
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 9, Hindalco’s aluminium wire rod price stood at INR 226,100 per tonne, declining by INR 7,000 per tonne or per cent from INR 230,350 per tonne. With the latest cut, Hindalco’s aluminium billets price came in at INR 222,100 per tonne, also up by INR 2,750 per tonne from INR 219,350 per tonne on July 9. The company is currently selling its aluminium ingot at INR 215,000 per tonne with effect from July 10 against INR 212,250 per tonne on July 9. Hindalco links its aluminium ingot and aluminium products...
Right from Hydro signing an agreement to sell 100% of Hydro Precision Tubing Lichtervelde (HPTL) to Aurelius Group to Novelis Korea Limited plant successfully receiving the ASI Performance Standard certification, the global aluminium downstream sector has witnessed many this week. Hydro Extrusions signed an agreement to sell 100% of Hydro Precision Tubing Lichtervelde (HPTL) to Aurelius Group as part of the significant restructuring measures taken to support performance and cash generation in Hydro Extrusions. The sale is expected to close during the third quarter of 2021. Hydro Precision Tubing Lichtervelde is specialized in the manufacturing of welded tubes for a variety of markets, including Industrial Products and HVAC, having a plant consisted of a cast house, cold rolling mill, and...
Hydro announced that its extrusion plant, which was idled a few years ago, will be reopened to meet rising demand for sustainable aluminium profiles. The facility will increase Hydro Extrusions Sweden’s capacity of aluminium profiles made with recycled aluminium by approximately 20%. The plant will be fully operational during the fall of 2021. Hydro Extrusions Sweden will add one more press and enhance the annual capacity by around 10.000 tonnes as the demand for high-quality and sustainable aluminium profiles has surged. “Aluminium is a material of the future which gives companies across industries new opportunities in sustainable design and recycling. Starting up the extrusion operations in Sjunnen is a direct result of the increased demand for sustainable aluminium and proof that our...
Vedanta Limited has slashed its aluminium products and aluminium ingot prices after a week since it increased the prices by INR 4,000 per tonne on July 3. The company has decreased its aluminium wire rod and aluminium billet prices sharply by INR 7,000 per tonne or 3 per cent with effect from Friday, July 9, in line with the ongoing downtrend of the LME aluminium benchmark price since July 2. The cut today has brought Vedanta’s aluminium wire rod price at INR 220,250-227,750 per tonne from INR 227,250-234,750 per tonne on July 3. Vedanta’s aluminium billet price has come in at INR 220,750 per tonne against INR 227,750 per tonne last day. Vedanta’s aluminium ingot price has also seen a cut of INR 7,000 per tonne on July 9 from INR 219,750-232,750 per tonne to INR 212,750-225,750 per tonne....
The largest auto-components manufacturing and distribution group in India, TVS Group, which owns Sundaram-Clayton stated that the company is well-positioned to grasp emerging market opportunities in the rise of developments that will steer to higher aluminium usage in all types of vehicles. The Chennai-headquartered company, part of $8.5 billion TVS group visions in long term, due to strict emission norms, fuel economy regulations and adoption of alternate drivetrain technologies, the propulsion towards light-weight which is obliged to grow, leading to higher utilization aluminium in all vehicles. The Chairman of SCL, Venu Srinivasan, while presenting the directors’ report to the shareholders in the Annual Report 2021, highlighted that this will empower the organization towards fast-track...
On Thursday, July 8, Rheinmetall AG has announced that it is expecting to bag a significant order of aluminium pistons from a renowned international carmaker. The German defense and automotive company has also said that it has already signed a letter of intent with the carmaker, and the order value is worth 22 million euros ($25.9 million) in sales volume. As mentioned in the letter of intent, Rheinmetall will develop and produce customised aluminium pistons, together with piston ring and piston pin, destined for the four-cylinder petrol engine of a new line of passenger cars made for the North American market. According to the report, both the companies have agreed to run the contract for seven years. Rheinmetall has also informed that production of the components is slated to begin in...
According to the Shanghai Metals Market, aluminium billet inventories have built up 12,600 tonnes or 11 per cent this week on Thursday, July 8, to stand at 123,800 tonnes. SMM found that with the arrival of the traditional off-season, the demand and consumption of downstream aluminium fell, resulting in the increase in inventories. It is expected that outbound quantity of aluminium billet will decrease next week and it is more likely that aluminium billet inventories will continue to pile up. Last week, aluminium billet inventories gained by only 1,400 tonnes from the previous week as aluminium billet outbound volume rose by 12,800 tonnes to 51,100 tonnes. The chart below indicates the current status of aluminium billet inventories across China in more details: Wuxi has seen the highest...
