Kibar Americas has begun production at the former Novelis aluminium plant in Fairmont, marking the facility’s return to operation more than a year after its sudden closure resulted in the loss of more than 180 jobs. The reopening was marked by a ribbon-cutting ceremony attended by local leaders and...
Tampa Brass & Aluminum is putting USD 58 million into its Hillsborough County facility following a series of new military contracts. The investment in machinery and equipment will also bring 50 new jobs to the area. The company manufactures components for the US Air Force and US Navy, handling...
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According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China declined by 1,500 tonnes on lower arrivals at warehouses. The inventories came in at 70,900 tonnes as of Thursday, 31 December 2020. The chart below indicates the current status of...
On 30 th December’20, the Ministry of Commerce and Industry said import monitoring system is being developed for multiple sectors and it also includes aluminium among others. The import monitoring system would support to accumulate advanced information on imports of the listed products and make it...
The Central Bank of Mexico (Banxico) surprised most investors in its last monetary policy meeting, which was held on 12 th November’20, by holding the policy rate steady at 4.25%. The pause did not signal the end of the easing cycle, which has accumulated 400bp in rate cuts. But, as per ING...
Matalco has started production at its aluminium plant in Wisconsin Rapids. The facility, which began operations on November 19, has already shipped over 3 million pounds of products, reported Wisconsin Rapids Tribune. Matalco announced in January 2019 that it would invest US$80 million to construct...
Hindalco Industries Limited has cut its aluminium products price after raising it on December 25. With effect from Wednesday, 30 December 2020, the company’s wire rods price stands at INR 179,850 per tonne, representing a drop of INR 2,250 per tonne, from INR 182,100 tonne on December 25. Aluminium...
As per the World Bank report, the COVID-19 shock to Kazakhstan’s economy is considered as the biggest in two decades. It has been for the first time since the late 1990s Kazakhstan’s economy to 3% in 2020 with a moderate recovery by 2.5% in 2021. The Central Asian nation’s import of aluminium bar...
Vedanta Limited has extended the price cut of its aluminium products and aluminium ingot with effect from Wednesday, December 30. Marking the second consecutive decline, Vedanta’s aluminium wire rod price has come in at RMB 173,750-181,250 per tonne on December 30, down by INR 1500 per tonne from...
According to a recent report, India has started probing into alleged subsidised aluminium products exports by Malaysia, following a complaint by the domestic industry. The news came after the Directorate General of Trade Remedies (DGTR) began an anti-subsidy investigation to examine if Malaysia’s...
Flat rolled aluminium products manufacturer JW Aluminum will close its rolling foil products facility in Williamsport, Pennsylvania by January 29, 2021. The company is pursuing strategic purchasers regarding a potential sale of the plant. Stan Brant, Jr., Chief Executive Officer of JW Aluminum...
Hindalco Industries Limited increased the prices of its aluminium products and aluminium ingot on Friday, December 25, following an intermittent cut on Thursday, December 24. Hindalco raised its aluminium wire rod price by INR 1,250 per tonne from INR 180,850 per tonne to INR 182,100 per tonne....
The new computer tool facilitates the production of car components, while the properties of the materials from which the car parts are made will be as the big car manufacturers want it to be. The system can calculate stiffness, strength and stability and the calculations that used to take months...
Russia’s exports of crude metals and alloys to the US stood at 78,900 tonnes in the first nine months of 2020, marking a drop of 37% or 46,100 tonnes. Russia had exported 125,000 tonnes to the US in the first nine months of 2019, according to the latest Mineral Industry Survey report from the US...
The aluminium sector is crucial to the modern economies and it supplies a wide range of highly distinguished products, from the intermediate semis required for many high-tech industries to parts and components for final applications. The most important impact of innovation in Aluminium will be on...
According to a new UNDP impact assessment, the COVID-19 outbreak and global knock-on effects could sink or stall Zimbabwe’s ambitious reform agenda as well as efforts to revive its flagging economy, with “disastrous” consequences for the landlocked Southern African country’s poor and vulnerable...
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China declined by 600 tonnes from a week ago to 72,400 tonnes as of Thursday, 24 December 2020. The chart below indicates the current status of aluminium billet inventories across China in...
Metal Plast Industries, based in UAE, a 100% subsidiary of the diversified multinational business conglomerate Mulk Holdings International, announced that it has developed A1 grade fire-rated core and a proprietary bonding system for aluminium composite panels (ACP) exclusively for Alubond, in an...
Hindalco Industries Limited has reduced its aluminium products price after raising it for the third time in a row. With effect from Thursday, 24 December 2020, , the company’s wire rods price stands at INR 180,850 per tonne, down by INR 2,500 per tonne, from INR 183,350 tonne on December 11....
The three Bharat Forge companies stand among several aluminium forging companies in Germany that will have to pay an accumulated value of € 175 million for "engaging in illegal competitive agreements.” In connection with two separate proceedings, Bundeskartellamt (Federal Cartel Office), Germany's...
