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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Aluminium Stewardship Initiative announced today, on March 2, 2021, that it successfully certified Yunnan Yongshun Aluminium Co., Ltd. against Performance Standard Certification for remelting/refining and semi-fabrication activities. The facility’s operations include smelting, casting, and sawing processes for manufacturing mid-to-high end aluminium alloy flat ingots, having an annual production capacity of 150,000 tonnes. The operation is a joint venture between Yongxin Aluminium Co., Ltd. of Yunnan Aluminium Group and Xiamen Xiashun Aluminium Foil Co., Ltd., which is also an ASI Member. On receiving the ASI certification, General Manager of Yunnan Yongshun Aluminium Co., Ltd., Li Shu, said: “We are pleased that Yunnan Yongshun Aluminium Co., Ltd. has successfully passed ASI's...
Bosnia and Herzegovina's gross domestic product to grow by 2.8% in 2021, which is 0.6% points below, as predicted by the World Bank in June’20. Bosnia's economy sunk by an estimated 4% in 2020, more than the 3.2% fall in GDP forecast in June, the World Bank said in its January 2021 Global Economic Prospects report. The nation at Balkan Peninsula in south-eastern Europe recorded 2088 tonnes of aluminium tubes and pipes import during 2018-19 and the revenue expended for the import remained at $6.88 million. The import for 2020 stood at 533 tonnes and the expenditure occurred for the import noted at $3.67 million. However, when the import & expenditure for 2020 gets assorted by the existing two years, it signifies 2621 tonnes and $10.55 million respectively. Bosnia and Herzegovina's import...
Australia-based aluminium extruded product manufacturing company Capral Aluminium has reported its annual turnover for the 12 months of 2020 ended on December 31 at $432 million. Trading EBITDA stood at $19.7 million compared to $11 million in FY2019. For the second half of FY2020, Capral reported trading EBITDA of $13.9 million, attributing to strong sales performance, improved operating leverage, and sales realised from business initiatives. Sales volumes were up by 7.6 per cent on the prior period to 61,000 tonnes with buoyant conditions in the second half of FY2020. Capral also posted a strong balance sheet with net cash of $49.4 million, buoyed by improved market conditions in the residential building sector on the back of the government stimulus. Capral also noted in the report that...
Constellium reported results for the full year ended December 31, 2020. In 2020, shipments were 1.4 million tons, a decrease of 10% compared to last year on lower shipments across each of our segments. Revenue stood at €4.9 billion, down 17% due to lower shipments as a result of the COVID-19 crisis and lower metal prices. Net loss came in at €17 million in 2020 compared to a net income of €64 million in 2019. Adjusted EBITDA of €465 million, down 17% on weaker results in the Aerospace & Transportation and Automotive Structures & Industry segments, partially offset by improved results in the Packaging and Automotive Rolled Products segment. Jean-Marc Germain, Constellium’s Chief Executive Officer said, “Constellium delivered resilient results in 2020 despite the significant challenges...
Hindalco Industries Limited has raised its aluminium products price by INR 7,250 per tonne. With effect from Friday, 26 February 2021, wire rods price stands at INR 196,600 per tonne. This is an increase of 3.83 per cent from INR 189,350 per tonne on February 24. The company is selling its aluminium billets and aluminium ingot price at INR 192,600 per tonne and INR 185,500 per tonne as of Friday, 26 February 2021, marking a hike of INR 7,250 per tonne each from INR 185,350 per tonne and INR 178,250 per tonne on February 24. 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 LME has been increasing since October. The price has climbed nearly 14% in the October-December. Aluminium...
National Aluminium Company Limited (NALCO) further expanded its aluminium products and aluminium ingot prices for the fifth consecutive time on Friday, February 26. Similar to the previous week, on February 19, the company raised its aluminium wire rod price by INR 5,400 per tonne to INR 185,250- 188,750 per tonne, as of February 26. With the latest hike, NALCO’s aluminium billets price came in at INR 188,700- 191,350 per tonne, also up by INR 5,400 per tonne from INR 183,300 – 185,950 per tonne on February 19. NALCO’s aluminium ingot price hovered INR 185,250- 188,750 per tonne on February 26 compared with INR 179,850 – 183,350 per tonne on February 19. NALCO, like any other Indian aluminium producers, links its aluminium ingot and aluminium products prices to the three-month futures of...
The Twelfth International Aluminum Extrusion Technology Seminar is again rescheduled to May 3-5, 2022, as declared by the Aluminum Extruders Council (AEC) and the ET Foundation this week. The event was previously postponed to May 11-13, 2021 , due to the coronavirus pandemic. The venue for the event, which is named ET 2022, has remained unchanged at Hilton Orlando, in Orlando, Florida. AEC President Jeff Henderson said, “The ET Seminar Committee and the AEC Board of Directors decided to postpone our most important aluminium extrusion industry event until we can ensure that everyone felt comfortable travelling and attending the ET Seminar." He added, "ET is an essential event for the industry, and circumstances with the limited availability of a vaccine are just too uncertain at this time...
AMAG Austria Metall AG has reported its full-year 2020 results, significantly affected by the COVID-19 pandemic. After a satisfactory start to the first quarter of the year, considerable reductions in demand set in from the second quarter. However, a tangible recovery in the order situation was seen in AMAG’s all customer segments towards the end of the year, barring the aerospace industry, yet full-year revenue stood 4 per cent lower at EUR 904.2 million compared with EUR 1,066 million in 2019. AMAG’s total shipment volume in FY2020 stood at 404,800 tonnes, down by about 8 per cent from the previous year. EBITDA decreased from EUR 143 million in 2019 to EUR 108.2 million in 2020, attributing to the challenging market environment. Lower demand for aluminium, especially from the transport...
According to a recent report, Rusal America Corporation (RAC) will supply 100,000 tonnes of low-carbon aluminium slab to Almexa, a leading manufacturer of aluminium rolled products in Latin America. The news came after Rusal America officially announced that it entered a five-year aluminium slab supply contract with Almexa. To date, Rusal America, in which En+ Group holds 48.1 per cent stake, has delivered 4,800 metric tonnes of the world’s greenest aluminium slabs under its flagship ultra-low-carbon aluminium brand ALLOW. According to the contract, RAC will feed its aluminium slabs to Almexa’s existing plant in Mexico City to help the latter position itself as one of the greenest and most competitive mills in North America and achieve the growing determination to source materials in a...
On 27 th January 2021, Aleksandar Vucic, President of Serbia said: “Serbia ranked first among 38 European economies in terms of year-on-year growth in gross domestic product (GDP) in the first quarter.” While in a statement from Serbia's Foreign Ministry, Vucic said Serbia is the first in Europe in terms of economic growth, which was possible owing to the reform measures taken since 2014 and the rapid opening of the country after the first wave of the novel coronavirus.” The landlocked country situated at the crossroads of Central and Southeast Europe in the southern Pannonian Plain and the central Balkans has recorded 106,933 tonnes exports of aluminium plates, sheets and strips during 2018-19 and the revenue earned from the export remained at $252.28 million. The export for 2020 stood...
Hind Aluminium Industries Limited, a manufacturer of aluminium & alloy conductors and aluminium wire rods for use in power transmission and distribution applications, published financial results for the quarter ended December 2020. The company reported net sales of INR 13.67 crore in the quarter ended December 2020, a drop of 83.82% year-on-year. Hind Aluminium had reported net sales of INR 84.48 crore during the previous quarter ended December 2019. Net loss was INR 2.74 crore in the quarter ended December 2020 as against net loss of INR 0.47 crore during the previous quarter ended December 2019. EBITDA declined to stand at INR 1.41 crore in December 2020.
Constantinos Petrides, the Finance Minister of Cyprus on 28 th January 2021, commented that the economy is expected to rebound by 4.5% of GDP this year following a pandemic-induced contraction of around 5.5% in 2020. In an investment conference, the minister said “the growth estimate comes attached with a great level of uncertainty because of how the pandemic may evolve.” The island nation in the eastern Mediterranean Sea has recorded 3314 tonnes of aluminium structures import during 2018-19 and the revenue expended on the import stood at $13.14 million. The import for 2020 remained at 2183 tonnes, with expenditure accounted for $9.72 million. However, when the import volume and expenditure of 2020 gets assorted with the previous two years, it denotes 5497 tonnes and $22.86 million....
Arconic Corporation, an American industrial company specializing in lightweight metals engineering and manufacturing, announced its performance and financial results on February 23, 2021, revealing a 14 per cent year-on-year decline in aluminium sales to US$ 1.5 billion in the fourth quarter of 2020. Arconic CEO Timothy Donald Myers attributed the fall to weaker shipments to the aerospace industry. Sales in the full-year stood at US$ 5.7 billion, down 22 per cent from the previous year. Myers forecasts sales to remain depressed year-on-year through the first half of 2021. He said, "Large commercial aircraft build rates remain soft as uncertainty in the airline industry continues to curb demand. As a result, elevated inventory in the supply chain and subsequent destocking is driving the...
ALVANCE Aluminium Duffel BV has announced the supply of the first coils certified under the Aluminium Stewardship Initiative (ASI) Chain of Custody standard. The company will ship coils to the Audi plant in Neckarsulm for the Audi A6. “The ASI Chain of Custody standard ensures that not only the operations at the facility in Duffel meet the ASI standards, but also that the aluminium material has been sourced and produced in a responsible and sustainable way across the entire supply chain, from the extraction of bauxite up to the finished product,” said ALVANCE Aluminium Duffel. “At Audi, we believe in the power of collaborative action for sustainability. Having partners like ALVANCE is key for the implementation of ASI-certified value chains or setting up resource-efficient processes like...
According to a recent report, NanoAL, LLC, the US-based materials research and technology company, has entered a Commercial License Agreement with Mitsubishi Corporation RtM Japan Ltd. (RtMJ) to bring its award-winning Addalloy® family of advanced aluminium alloy powders to the Metal Additive Manufacturing (AM) Market in Asia. The companies have also signed a letter of intent for potential partnerships on other NanoAL advanced aluminium alloy products, including casting and rolled sheets for the automotive and other industries. “This announcement is an enormous signal of the market need for Addalloy powders. In partnership with RtMJ, a wholly owned subsidiary of Mitsubishi Corporation, a global integrated business enterprise, we will now be able to reach across the globe to deliver the...
Russia’s exports of crude metals and alloys to the US stood at 9,650 tonnes in November 2020, a decrease of 38% year-on-year. The Russia had exported 15,500 tonnes to the US in November 2019, according to the latest Mineral Industry Survey report from the US Geological Survey. On a month on month comparison, exports dropped by 30% from 1,3800 tonnes. In the first eleven months of 2020, crude metals and alloys exports stood at 102,000 tonnes as compared to 192,000 tonnes in the first eleven months of 2019. This marked a decrease of 47% year-on-year or 90,000 tonnes. Russia’s exports of total aluminium (crude metal and alloys, semi-finished products and scrap) to the USA stood at 11,400 tonnes and 122,000 tonnes in November and January-November 2020. That was a drop of 27% year-on-year and...
Aluminium Stewardship Initiative announced on Tuesday, February 23, that it certified Jiangsu Zhongji Lamination Materials Co., Ltd. against Performance Standard Certification for material conversion activities at the Anhui Maximum Aluminium Industries Co. Ltd. plant in Anhui Province, China. The plant’s main production processes include remelting and casting and cold rolling and finishing to manufacture precision aluminium strips, with an annual capacity of 120,000 tonnes. Fiona Solomon, Chief Executive Officer at ASI said, “ASI congratulates Jiangsu Zhongji Lamination Materials Co., Ltd. on their Performance Standard certification covering their Anhui Maximum Aluminium Industries Co., Ltd. facility. We are pleased to see the company continue to extend the number of ASI Certified...
The United States aluminium crude metals and alloys imports from Canada stood flat at 157,000 tonnes in November 2020 compared to the imports of 158,000 tonnes in the previous month, according to the US Geological Survey. However, the United States aluminium semis imports in October grew by 7,000 tonnes or 4.64 per cent from 151,000 tonnes in September. The imports in August were at 205,000 tonnes, meaning the US saw a monthly decline of 26.34 per cent in September 2020. On a year-on-year basis, the United States aluminium crude metals and alloys imports from Canada stood 3.09 per cent or 5,000 tonnes lower than 162,000 tonnes. The United States aluminium semis imports from Canada in the eleven months of the year amounted to 2.14 million tonnes, up by 14.44 per cent from 1.87 million...
