Aluminium’s downstream trade network is getting more fragmented as import dependence, changing end-use demand and trade-policy interventions reshape regional markets. From North America and Europe to Asia-Pacific, the aluminium industry is navigating a market where access to supply, competitive...
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...
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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...
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...
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...
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...
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...
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...
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...
The coup in Guinea, a country rich in bauxite, in early September sparked market fears about a shortage of raw materials. Due to the dual control of energy use and the steep rise in coal costs, coupled with power rationing measures, the domestic power supply is tightening. The most actively traded...
According to the US Census Bureau, the United States imported 28,200 tonnes of aluminium crude metals and alloys from the United Arab Emirates in July 2021. That was sharply down by 8,500 tonnes or 23.16 per cent from 36,700 tonnes in June 2021. In May, the US imports stood at 32,800 tonnes,...
As per the global standard, the aluminium industry considers: “Aluminum from 0.008 inches to less than 0.25 inches thick is considered sheet. Thinner aluminium is foil and aluminium 0.250 inches and thicker is plate. Strips are sheets that are machined into units with smaller width for specific...
The voice of the European aluminium value chain, European Aluminium Association hails the European Commission’s final confirmation of the definitive anti-dumping duties required to hinder the impact of Chinese dumping of flat-rolled products (FRPs) on the EU market. Correspondingly, European...
On 1st October 2021, the investment company Globitas successfully completed the acquisition of the company HEGO. HEGO has been active as an international wholesaler of stainless steel and aluminium for over forty years. The acquisition by Globitas gives a strong boost to HEGO's growth ambitions....
Aluminium billet inventories in China grew last week ended on Friday, October 8, by 19,500 tonnes across five major consumption areas, found the Shanghai Metals Market. That brought the aluminium billet stocks to 177,000 tonnes, primarily contributed by the inventory growth in Foshan. The increase...
The week witnessed some major events in the global aluminium industry’s downstream segment. German aluminium precision expertise alimex GmBH joins ASI as Production & Transformation member. UK Trade Remedies Authority to investigate aluminium road wheels imports from China to decide anti-dumping...
According to a recent report, the Trade Remedies Authority (TRA) of the United Kingdom will review aluminium road wheels imports from the People’s Republic of China. The objective is to evaluate whether anti-dumping duties are required to countervail imports to the UK or whether the domestic...
The only leading Bangladesh company backed with Korean technology, Nialco Alloy plans to build two new facilities to manufacture finished products to expand its business. The company is the only one to be listed on the SME platform of the Chattogram Stock Exchange. Nialco Alloys is a 100%...
Hong Leong Investment Bank Bhd (HLIB) has shown confidence about Press Metal Aluminium Bhd’s earnings prospects in the next 12-18 months. The bank anticipates that the Malaysia aluminium extrusion manufacturer and traders’ earnings to be buoyed by the bullish LME aluminium benchmark price trend...
The economy of Bosnia and Herzegovina has a transitional with limited market reforms. It is heavily dependent on the export of metals, energy, textiles, and furniture as well as on remittances and foreign aid. However, the European Bank for Reconstruction and Development (EBRD) stated in June that...
