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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According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China declined 6,700 tonnes from previous week to stand at 87,900 tonne as of Thursday, 12 November 2020. Stocks in Foshan dropped sharply this week The chart below indicates the current status of aluminium billet inventories across China in more details: Inventories in Foshan registered a drop of 4,600 tonnes from last week. The inventories stood at 30,400 tonnes on Thursday, 12 November 2020, from 35,000 tonnes on November 5. Stocks in Changzhou and Huzhou decreased by 1,860 tonnes and 1,000 tonnes to stand at 9,850 tonnes and 14,000 tonnes on Thursday, 12 November 2020. But the inventories of aluminium billets rose in Wuxi and Nanchang today. The stood at 19,810 tonnes and 13,800...
The outrigger mat and lifting gear division of UK’s Crowland Cranes, TMC Lifting Supplies rolls-out the Mod Lite aluminium outrigger support mats. The drive comes following the launch of TMC’s Power-Pad HD Lite mats in July. TMC Lifting Supplies is known for supplying all types of outrigger pads. Manufactured from the same high-grade aluminium as the HD Lite pads, each Mod Lite mat weighs 35kg and is 1.25 metres long by 400mm wide. They have a depth of 100mm with a 30mm base layer of Etha foam ground protection to provide a load rating of 75 tonnes. Three Power-Pad Mod Lite units provide a 1.5 square metre contact area while four mats provide two square metres. They can also be stacked, providing greater rigidity on softer, uneven ground conditions.
Arconic Corporation reported revenue of $1.4 billion in third quarter 2020, marking 19% growth quarter-on-quarter due to strength in automotive end-market volumes. But revenue dropped by 22% year over year due to the impact of the pandemic. Net income stood at $5 million in third quarter 2020 compared with a net loss of $24 million in third quarter 2019. Tim Myers, Chief Executive Officer, commented, “This quarter demonstrated the positive impact our strategic and financial actions made in response to ongoing macro challenges. Our continued execution on cash conservation and productivity measures instituted earlier in the year combined with recovery in North American automotive production resulted in the large sequential increase in Adjusted EBITDA and operating cash flow compared to the...
The United Arab Emirates’ aluminium crude metal and alloys exports to the US soared by 358.5 per cent month-on-month in August 2020 to come in at 33,700 tonnes, found the US Geological Survey’s latest data. This hike marks the second consecutive month of increase in the UAE’s aluminium crude metal and alloys exports to the US. In July 2020, the aluminium semis exports from the UAE to the US were 7,350 tonnes, reflecting an increase of 17.22 per cent from 6,270 tonnes in June. In May, the UAE had supplied 27,200 tonnes of aluminium semis to the US, meaning the exports in June fell sharply by 76.95 per cent month-on-month. On a year-on-year calculation, the United Arab Emirates’ aluminium crude metal and alloys exports to the US in August 2020 stood down by 31.13 per cent from 25,700...
India-based aluminium extrusion producing company MAAN Aluminium has reported the financial results of the September quarter 2020 revealing that its net profit increased by 7.01 per cent year-on-year from INR 3.14 crore to INR 3.36 crore, despite the decline in sales by 43.09 per cent to INR 93.15 crore as against INR 163.67 crore during the same quarter last year. MAAN reported that its total unaudited assets (non-current and current) stood at INR 119.56 crore as of September 30, 2020. Equity stood at INR 55.1 crore, while liabilities (non-current and current) at INR 64.46 crore. MAAN’s income in the September quarter stood at INR 93.78 crore, up by 85 per cent from INR 50.6 crore quarter-on-quarter but down by 43.13 per cent from INR 164.89 crore year-on-year. Total income of the...
Bosnian firm Maksimovic Komerc plans to infuse €1.3 million in the production of Aluminium and PVC carpentry profiles in leased premises in Stanari, the Stanari municipal government said. The mayor of Stanari, Dušan Panić, signed a contract with the investor "Maksimović komerc" from Doboj on a five-year lease of 5000 square metre hall in the Dragalovci Business Zone, which will employ at least 15 workers. In this hall, aluminium and PVC profiles for carpentry will be produced, and there will also be an automated plant for painting and plasticizing metal and non-metal surfaces. Deputy director of "Maksimović komerc" Maja Mišić said that the machines, which have already been procured, are expected to move in by the end of the year, while they would start working as early as next year, and...
Fehrmann Alloys, based in Hamburg, Germany, has added new high-performance alloy for 3D printing to its aluminium alloy portfolio. The company has introduced AlMgty 90 at Formnext Connect 2020. . The new aluminium alloy AlMgty 90 comes with a 25 percent higher hardness than its predecessor. The new product is used in Selective Laser Melting (SLM) and Laser Metal Deposition (LMD) 3D printing processes. AlMgty-90 offers the following benefits: Corrosion resistance Anodisable even in colour Polishable No exotic ingredients Attractive price The company recently launched silicon-free high-performance aluminium alloy AlMgty to add colour to metal parts produced by additive manufacturing. The parts and components printed with AlMgty can be easily anodised in various colours as corrosion...
The Volkswagen Poznań foundry is one of the largest aluminium foundries in Europe and also the third-largest in the VW concern. It is from the capital of Wielkopolska that almost all companies belonging to the German giant leave for factories around the world. This is where the transmission housings for the ID.3 electric manufactured in Zwickau are sent. It is no secret that the development direction of the Volkswagen Group is electromobility. Each of the concern's brands already offers at least one fully electric model and the revolution in the model range entails changes in the method of production. The report has come that the Poznań plant will have a significant share in the implementation of VW's strategy. Patrycja Kasprzyk, Volkswagen spokesman said: As a result of the tender...
Metalex has announced an investment of 50 million Reais ($9.3 million) to expand scrap treatment and extrusion billet production capacity, Fastmarkets MB reported. The expansion plan is divided in to two phases. Metalex, an industrial aluminium recycling unit in Araçariguama, is fully owned by Brazilian producer Companhia Brasileira de Alumínio (CBA) The recycling unit will initially install a side well furnace to boost billet capacity by 15,000 tonnes per year to 90,000 tonnes per year. The current aluminium billets capacity stands at 75,000 tonnes per year. The second phase will include new recycling line to raise scrap usage to 80% from 60%. Metalex became part of the CBA since October 2010. The Unit also produce a variety of standard, special and premium alloys for various sectors. c
Croatia's economic freedom score is 62.2, making it's economy the 84th freest in the 2020 Index and the major industries comprise shipbuilding, construction, petrochemicals, and food processing. However, the country’s economy is expected to shrink 8.5% this year as a result of the COVID-19 pandemic, and to grow 3.5% in 2021, the European Bank for Reconstruction and Development (EBRD). The country at the crossroads of Central and Southeast Europe on the Adriatic Sea has recorded its import of aluminium plates, sheets and strips during 2018-19 at 14,215 tonnes and the foreign revenue expended for the import stood at $39.98 million. The import for 2020 is going to stand at 8125 tonnes, the highest in three years phase and the expenditure to remain at $21.94 million. When the import volume...
The US imported 270,000 tonnes of crude metal and alloys in August in 2020, a jump of 266% from 73,800 tonnes in August 2019. On a month-on-month comparison, imports rose by 7% from 253,000 tonnes in July, according to the latest Mineral Industry Survey report from US Geological Survey. In the first eight months of 2020, the US imports of crude metal and alloy stood at 2.350 million tonnes, from 1.98 million tonnes in the first eight months of 2019. This marked an increase of 19% or 370,000 tonnes year-on-year. On the export side, the US exported 14,800 tonnes of crude metal and alloys in August 2020, from 19,200 tonnes exported in August 2019, a decrease of 23% year-on-year. On a month-on-month basis, the exports inched up 1.37% from 14,600 tonnes. Crude metal and alloys exports came in...
Novelis’s net loss stood at $37 million, down 130 percent versus the prior year due to a $181 million net loss associated with discontinued operations. Net income rose 17 percent year-on- year to $144 million for the second quarter of fiscal year 2021. Excluding tax-effected special items in both years, net income was $158 million, down one percent, “as higher after-tax Adjusted EBITDA was offset by higher depreciation, amortization, and interest expense mainly associated with the acquisition of Aleris.” "Our outstanding performance this quarter was largely driven by our ability to effectively manage our business and work with customers to meet a sharp increase in demand," said Steve Fisher, President and CEO, Novelis Inc. "While future economic implications resulting from the pandemic...
Granges Aluminium assigned new management for its operations in Europe, following the completion of the acquisition of Aluminium Konin. Gränges’ operations in Europe incorporate of the acquired business Aluminium Konin in Poland, the operations in Finspång in Sweden, and the business unit Gränges Powder Metallurgy. The name of the acquired business in Poland will be modified to Gränges Konin S.A., while the name of the Swedish unit will be traded from Gränges Sweden AB to Gränges Finspång AB. Torbjörn Sternsjö, currently SVP Technology & Business Development at Gränges Group, has been appointed President Europe, with responsibility for Gränges’ operations in Europe. Torbjörn has extensive experience of driving development and change in leading positions in international operations, among...
In August 2020, the United States imported 205,000 tonnes of aluminium crude metal and alloys from Canada, extending decline for the third month in a row, albeit marginally by 1,000 tonnes or 0.49 per cent, found the US Geological Survey. The United States aluminium semis imports from Canada in July were down by 18,000 tonnes or 8.04 per cent from 224,000 tonnes in June to 206,000 tonnes. In May, the US imported 230,000 tonnes, meaning the country’s aluminium semis imports from Canada in June stood lower by 6,000 tonnes or 2.61 per cent M-o-M. On a year-on-year basis, the United States aluminium crude metal and alloys imports from Canada in August 2020 were up by 194,300 tonnes. The United States aluminium semis imports from Canada in the first eight months of 2020 totalled 1.68 million...
The benchmark A380.1 secondary aluminium alloy price in the United States has increased for the 13 th consecutive week to reach 23-months high, buoyed by rising raw material costs and strong demand from automotive die-casters. Fastmarkets assessed aluminium alloy A380.1 was delivered Midwest at 88-91 cents per lb on Thursday, November 5, up by 2.9 per cent from 86-88 cents per lb in the previous week’s assessment and the highest since 89-90 cents per lb in late November 2018. Deals were heard across the current assessment range on Thursday, and producers continued to raise prices. “We remain busy and we will continue to push quotations higher to meet demand, overcome freight increases and to allow for higher raw material costs,” one producer said. “There is a national shortage of truck...
On 6 th November’20, Gränges has completed the previously announced acquisition of the Polish flat-rolled aluminium producer Aluminium Konin. The acquisition of Aluminium Konin, communicated on 28 th November’19, will strengthen Gränges’ product offering and presence in Europe and contribute with strong positions in new attractive niche markets. The acquisition adds new capabilities and capacity to, among other things, expand Gränges’ offering for future transportation solutions, such as electric vehicles. The acquisition is a good strategic fit for Gränges and enhances the company’s platform for sustainable profitable growth. On 23 rd September’20, the acquisition was approved by the EU Commission and on 7 th October’20 Gränges and Boryszew S.A., the seller of Aluminium Konin, signed an...
Ajay Kapur, CEO - Aluminium & Power at Vedanta Limited, has pointed out in a recent interview that transportation accounts for the largest share of aluminium consumption at 27 per cent across the globe. The use of aluminium in the auto sector surged after the oil crisis in 1970s, triggering fuel economy and leading to the replacement of heavy steel parts with lighter aluminium substitutes. From 35kg per car in the 1970s, the use of aluminium today is 160kg on an average. He says experts project average aluminium content in a car to increase to 250kg by 2025. According to Kapur, the domestic Indian market has a long way to go on the road to match its global counterparts in aluminium consumption. The overall per capita aluminium consumption in India is 2.7kg versus the global average of...
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China increased this week due to higher arrivals. The inventories rose 4,400 tonnes from previous week to stand at 94,500 tonne as of Thursday, 05 November 2020. The chart below indicates the current status of aluminium billet inventories across China in more details: Inventories in Foshan, Changzhou and Nanchang increased by 2,500 tonnes, 1,700 tonnes and 490 tonnes to stand at 35,000 tonnes, 11,710 tonnes and 13,050 tonnes on Thursday, 05 November 2020. The stocks in Huzhou remained unchanged at 15,000 tonnes. But the stocks in Wuxi witnessed a drop today. The inventories decline by 330 tonnes from last week to stand at 19,770 tonnes as of Thursday, 05 November 2020.
