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 9th June 2021, the European Union voiced days ahead Joe Biden’s visit to Brussels that it is time for the United States to compose definitive commitments concerning to conclude transatlantic trade tensions. The EU and the US are set to commit at a summit in Brussels next week to end their transatlantic metals trade like aluminium, steel and other trade disputes and call for progress on a new study into the origins of COVID-19, according to a draft communication. Valdis Dombrovskis, EU Executive Vice President told a session of the European Parliament in Strasbourg: "As a trust and confidence-building measure, we have to deescalate and solve EU–US trade disputes." Dombrovskis is also the bloc's trade commissioner, commented ahead of the EU-US summit to be held on 15th June 2021 that...
Chinalco-SWA Co., Ltd. has become new Production & Transformation member of ASI, bringing the total number of ASI Members to 172. The company is a state-owned “Low Carbon, Green Aluminum processing” enterprise. “The Company closely revolves around the development vision of Chinalco to “Build a world-class enterprise with international competitiveness”, adhere to the enterprise spirit of “striving for excellence, innovation and strength” and the business philosophy of “create value and return supremacy”, driven by technology, actively adjust product structure, change development methods, and adhere to the path of green and low carbon circular development to build our company into a green, low carbon, and sustainable modern aluminum industry strong enterprise, develop high-quality users,...
Hindalco Industries Limited has further increased its aluminium products and aluminium ingot prices by INR 1,750 per tonne, with effect from Wednesday, June 9. The company’s aluminium wire rod price has thus come in at INR 217,600 per tonne as against INR 215,850 per tonne on June 5. Hindalco is selling its aluminium billets at INR 213,600 per tonne compared to INR 211,850 per tonne on the previous day. Aluminium ingot price is standing at INR 206,500 per tonne as of June 9, also up by INR 1,750 per tonne from INR 204,750 per tonne on June 5. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which after June 4, climbed 0.21 per cent to stand at US$ 2,417.50 per tonne on June 7 and further expanded by 0.89...
Manaksia Aluminium Company Limited, a producer of aluminium rolled products in coil and sheet form, has reported an increase of 35.14 per cent in its total income in the fourth quarter of fiscal 2021 ended on March 31. From INR 66.70 crore in Q3, Manaksia’s total income in Q4 rose to INR 90.14 crore. As a consequence, the company’s net profit grew 19.46 per cent quarter-on-quarter from INR 2.21 crore to INR 2.64 crore in 4Q2021. Earnings per Share (EPS) also increased by 17.65 per cent from INR 0.34 in Q4 ended on December 31, 2020, to INR 0.40 in Q4. However, on a year-on-year comparison, Manaksia Aluminium reported a decrease of 3.09 per cent in total income in the entire financial year 2020-21. The income stood at INR 275.73 crore in FY21 compared to INR 284.51 crore in FY2019-20. Net...
Ulsan Aluminum Limited has joined ASI as new Production and Transformation member, bringing the total number of ASI Members to 173. The company is a joint venture between Novelis and Kobe Steel. “Joining ASI and working to receiving ASI certifications for both the Performance Standard and the Chain of Custody for Ulsan Aluminum represents an important step in our commitment to sustainability. With this we are also supporting our parent companies, Novelis and Kobe Steel in their commitment to sustainability, transparent reporting and customer-focused achievement,” said Jerry Quick, President & CEO, Ulsan Aluminum Ltd. Ulsan Aluminum, based in Korea, produces automotive and specialty sheet to meet the increasing demand for lightweight rolled aluminium products across Asia. The company is...
On 8th June 2021, the manufacturer of aluminium and alloy conductors and aluminium wire rods, Hind Aluminium Industries, has made public the reappointment of Shailesh Daga as the Managing Director of the company. Hind aluminium caters for a wide range of power transmission and distribution applications. The Board of Directors of the company has approved the reappointment of Daga in a board meeting held on 7th June 2021, as Hind Aluminium Industries Ltd stated in a filing to BSE. The Company said: "Based on the recommendations of the nomination & remuneration committee, the board of directors at their meeting held on 7th June 2021 has re-appointed Shailesh Daga as Managing Director of the company for a further period of three years with effect from 1st June 2021.” The reappointment is...
The United States aluminium plates, sheets and bars imports from Oman have been consistently seeing an upward trend since the beginning of 2021. In March, the imports reached 10,400 tonnes, reflecting an increase of 4,620 tonnes or 79.93 per cent month-on-month. In February, the United States imported 39.28 per cent higher at 5,780 tonnes compared to 4,150 tonnes in January. Hence, in the first quarter of the year ended on March 31, the United States total aluminium plates, sheets and bars imports from Oman amounted to 20,400 tonnes, up 21 per cent from 16,860 tonnes in the previous quarter. The United States total aluminium plates, sheets and bars imports in March 2021 stood at 121,000 tonnes, up 49.94 per cent month-on-month from 80,700 tonnes. In January, the United States imported...
On Monday, June 7, Aluminium Stewardship Initiative announced that it successfully certified Kaiser Aluminum against the Performance Standard Certification with Provisional status. Kaiser has achieved the certification for its ingot casting centres, rolling mills, and finishing production centres in Warrick County, Indiana, USA. The Warrick rolling mill, one of four dedicated can sheet mills in North America, produces approximately 310,000 metric tonnes of flat rolled aluminium annually for the packaging industry like food containers, aluminium cans, and bottles. The plant has received Provisional Certification under the ASI Interim Policy regarding Audits, Audit-Related Travel and Coronavirus, which clarifies the reasonable accommodations that can be made to audit plans in consideration...
Hindalco Industries Limited has raised its aluminium products price after cutting it on Friday, 04 June. With effect from Saturday 05 June 2021, aluminium billets price stands at INR 211,850 per tonne, up INR 1,750 per tonne or 0.83% from INR 210,100 per tonne on June 4. The wire rods and aluminium ingots prices have increased by INR 1,750 per tonne each from June 4 to stand at INR 215,850 per tonne and INR 204,750 per tonne on Saturday, 05 June 2021.The prices were INR 214,100 per tonne and INR 203,000 per tonne on Friday, 04 June 2021. 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$ 2412.5 per tonne on Friday, June 4, up from US$ 2386.5 per tonne on June 3. Aluminium...
Vedanta Limited increased its aluminium products and aluminium ingot prices on Saturday, June 5, the next day after it cut the prices by INR 5,000 per tonne. The company expanded its aluminium wire rod price by INR 1,750 per tonne or 0.84 per cent to INR 211,000=218,500 per tonne, with effect from Saturday, June 5. Vedanta’s aluminium billet price also saw an increase of INR 1,750 per tonne from INR 209,750 per tonne on June 4 to INR 211,500 per tonne on June 5. With the last rise on June 5, Vedanta’s aluminium ingot price came in at INR 203,500-216,500 per tonne, also up by INR 1,750 per tonne from INR 201,750-214,750. Vedanta links its aluminium products and aluminium ingot prices to the three-month futures of aluminium on the London Metal Exchange, which on Friday, June 4, climbed by...
The crucial turmoil by COVID-19 and the augmented sharp fall in oil prices weighed heavily on Bahrain’s economy in 2020. Fiscal and external deficits slumped, reversing the narrowing path observed in 2019. Worldwide access to the vaccine, higher oil prices, and commitment to implement policies under the Fiscal Balance Program, particularly those about tackling budget rigidities and providing financial support to the most vulnerable, will improve the outlook. Downside risks arise from the further resurgence of COVID-19 outbreaks, volatility in hydrocarbon prices, and delays in fiscal reforms. The island nation on the Persian Gulf exported 269, 655 tonnes of aluminium plates, sheets and strips during 2018-19 and the generated foreign revenue of $881.79 million. The export for 2020 stood at...
The global aluminium downstream sector remained quite strenuous this week, Hammerer Aluminium revealed its €38 million investment towards the expansion of Ranshofen extrusion unit. Hydro accomplished the sale of its aluminium rolling business to American investment company KPS Partners. The leading Austrian manufacturer of premium quality aluminium, AMAG shipped the first ASI certified sustainable aluminium to the Audi plant in Neckarsulm. While the most valuable news remains the EU’s leaked draft, which reveals to introduce so-called carbon import tariffs on aluminium as a part of the initiative fight against climate change. The decline in operating rates of primary and secondary aluminium alloy enterprises last week pulled down the operating rates of major aluminium processors by 0.6...
The EU Commission’s draft proposal which is now available to a global media agency reveals that the European Union will introduce so-called carbon import tariffs on aluminium among other commodities as a part of the initiative fight against climate change. This is purposeful in regards to safeguard European companies from CO2 -intensive cheap imports. The full effect of the taxes could initiate from 2026. Since the community has set itself more aggressive climate targets that make production more expensive, imports from countries without such conditions are to be subject to CO₂ border tariffs. The exporters from these countries would then have to buy CO₂ certificates, for example, that corresponds to the number of greenhouse gases emitted for their product. Their price should be based on...
European aluminium and aluminium alloy producers have been seeing a strong demand from carmakers and original equipment manufacturers (OEMs) until now in 2021. But some market participants fear a dip in demand as auto sales continue to run below pre-pandemic levels. They also forecast a significant fall in aluminium premiums later this year. When markets started reviving after the COVID-19 related lockdown restrictions in the latter part of 2020, automotive companies were among the main drivers for aluminium and aluminium alloys demand and remained so in 2021. Aluminium premiums and prices also rose consistently. LME aluminium benchmark prices traded at above US$2,400 per tonne through the early part of June so far, having ended 2020 at below US$2,000 per tonne. To sustain this high price...
Hindalco Industries Limited has slashed its aluminium products price by INR 4,000 per tonne. With effect from Friday, 04 June 2021, aluminium billets price has reduced by 1.87% to stand at INR 210,100 per tonne from INR 214,100 per tonne on June 02. The wire rods and aluminium ingots prices stand at INR 214,100 per tonne and INR 203,000 per tonne on Friday, 04 June 2021.That was down INR 4,000 per tonne each from INR 218,100 per tonne and INR 207,000 per tonne. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price on stood at US$ 2386.5 per tonne on Thursday, June 3, down from US$ 2442 per tonne on June 2. Aluminium operations of the company, excluding those of its US arm Novelis Inc,...
Aluminium billet inventories in China have inched up by 1,100 tonnes or 1.2 per cent week-on-week across the five major consumption areas, following the three consecutive weeks of decline. The inventories are thus standing at 89,400 tonnes as of June 3, according to the Shanghai Metals Market. The slight rise in aluminium billet inventories could be attributed to the weaker performance of aluminium prices this week that led to the unwillingness of downstream sector for receiving goods. At the same time, the demand for purchasing raw materials declined due to the pandemic and power curtailment in South China. The chart below indicates the current status of aluminium inventories across China in more details: In Foshan and Wuxi, aluminium billet inventories today have decreased by 1,600...
The Ministry of Finance, Latvia has revealed in their latest financial positions the measures the country will initiate to recover from the damage wreaked by Covid-19 during coming years. The forecast is based on the Covid-19 vaccination plan, which foresees that 70% of the Latvian population will have been vaccinated by the end of this summer; therefore a rebound of the disease in autumn 2021 is not expected, or if vaccination targets fail to be met, there would be an obvious downside risk to forecasts. The Ministry has developed macroeconomic indicator forecasts for the period up to 2024. According to the updated forecasts, Latvia's gross domestic product (GDP) growth will reach 3.0% in 2021, accelerating to 4.5% growth in 2022. The nation located in the Baltic Baltic region of Northern...
Bahrain exported 9,770 tonnes of crude metals and alloys to the US in March 2021, from 8,800 tonnes exported in February 2021, reflecting a growth of 11.02% month-on-month, according to the latest Mineral Industry Survey report from US Geological Survey. On a yearly basis, exports jumped from 299 tonnes in March 2020. Bahrain exported 30,700 tonnes of crude metals and alloys in the first three months of 2021. Total exports were 323 tonnes in the first three months of 2020. Exports of aluminium semi-finished products (plates, sheets, bars, etc.), crude metal and alloys and scrap to the US stood at 14,400 tonnes in March 2021, from 10,660 tonnes in February 2021. Exports climbed by 35.85% month-on-month. Total exports in the first three months of 2021 came in at 37,200 tonnes.
