This week, the operating rate of major aluminium processors in China remained stable with a slight overall rebound, rising 0.1 per cent month-on-month. Performance was mixed across sectors, as the industry continues a moderate recovery trend. The operating rate for primary aluminium alloys climbed 0.6 percentage points to 61.4 per cent, driven by improved order volume and year-end momentum from automakers to meet their annual targets, with a positive short-term outlook. The operating rate for aluminium wire and cable rose 0.4 percentage points to 64.8 per cent, supported by recovering photovoltaic demand and restored margins, although the sustainability of the upward trend remains to be seen. The operating rate for secondary aluminium rebounded 0.6 percentage points to 53.9 per cent, with...
Novelis reported a 20 per cent year-on-year increase in adjusted EBITDA to USD 508 million in the second quarter of fiscal year 2027, while rolled product shipments declined 2 per cent to 919,000 tonnes. Net sales rose 25 per cent to USD 5.9 billion from USD 4.7 billion in the corresponding quarter last year, mainly due to higher average aluminium prices. Higher shipments of beverage packaging and aerospace products were partly offset by lower volumes in automotive and speciality products. Net income attributable to Novelis' common shareholders increased 29 per cent to USD 210 million, compared with USD 163 million a year earlier. Excluding special items, net income also rose 29 per cent to USD 146 million. Explore further insights and forecasts for the aluminium flat rolled products...
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Superior Industries International Inc. (NYSE:SUP) reported a net income of $14.7 million or 53 cents per share in the second quarter of 2011 compared with $10.1 million or 38 cents per share in the year-ago quarter. During the quarter, net sales climbed 7% year over year to $208.7 million, primarily driven by an increase in the pass-through pricing of aluminum. Unit wheel shipments remained almost flat year over year at 2.9 million, although average selling prices increased almost 8% year over year.
Shandong Loften Aluminum Foil posted 30.63% YoY fall in net profits for the H1 of 2011 to CNY 10.98 million. As per report, sales revenues grew 58.75% YoY to CNY 807.44 million during that period. In its reporting, the firm included depreciation and financial expenses for one project with capacity of 50,000 tonnes of high precision aluminum foil that was put into partial operation. The project incurred a loss of CNY 13.06 million for that period.
After bullish growth rates over the past quarters the aluminium foil deliveries stabilised on a high level according to data published by the European Aluminium Foil Association (EAFA). The production of the European aluminium foil industry slightly declined by 0.9 % to 419,000 t in the first six months of 2011. Thicker alufoil gauges, used mainly for the manufacture of semi-rigid foil trays and technical applications rose by 1.2 %, while thinner gauges used mainly in flexible packaging and household foil fell by 4.5 %. Exports outside the EAFA region* grew by almost 10 %.
Mercury Propellers is proud to introduce "Spitfire," Mercury's first four-blade aluminum performance propeller designed for boaters using 25 hp to 125 hp outboards. Spitfire provides the best performance in the world of aluminum propellers - in fact, it's 25 percent faster from 0 to 30 mph than Mercury's best-selling Black Max propeller, and there's no penalty in top speed.
Kaiser Aluminum Corporation today announced plans to further expand heat treat plate capacity at its Trentwood rolling mill in Spokane, Washington. The investment of approximately $21 million to debottleneck various processing centers is expected to increase the rolling mill's heat treat plate capacity approximately 5% as it comes on stream during 2013.
Vice-chairman and General Secretary Jia Mingxing said on the press conference August 4th in Beijing that China is studying upon the possibility to cancel export rebate for semi-finished aluminum products. Liu Libing, vice chairman of Henan non-ferrous metal committee indicated yesterday that semi-finished aluminum products are medium products between aluminum ingot and aluminum profiles. According to the Treasury Department, the current export rebate rate of semi-finished aluminum is 13%.
Hind Aluminium Industries plunged 4.23% to Rs. 41.90 at 12:25 IST on BSE, after the stock turned ex-dividend today, 8 August 2011, for a final dividend of Rs. 1.50 per share for the year ended March 2011.
VHE of Iceland has been awarded a major contract for the modification and refurbishment of the rodding plant at ISAL - Rio Tinto Alcan's aluminium smelter in Iceland. The IPU Project - ISAL Production Upgrade - will increase the amperage to 181 kA in Lines 1 and 2 of ISAL's three-line Alusuisse EPT-10/12 technology smelter to achieve an additional aluminium production of 44.000 tonnes per year. Anode rod stub diameters will be increased and anodes will be enlarged in all three potrooms. Busbars in potroom basements will be upgraded and pot superstructures modified.
Decorative Imaging offers advice on selecting the right fencing systems and the many factors that must be taken into consideration, including the choice between timber and aluminium fencing. Many timbers have been certified by genuine environmental bodies, including Decorative Imaging’s DecoWood. Additionally, timber-look aluminium fencing products like DecoWood do not threaten biodiversities and do not require painting or staining.
According to authoritative source, aluminum export is facing various challenges and tax rebates for semi-finished products may decline from current 13% to 9%.
Research and Markets has announced the addition of the "Aluminium Pipes and Tubes - Canada" report to their offering. This market analysis gives an overview of the actual situation, trends and future outlook of the market for aluminium pipes and tubes in Canada. The market analysis provides essential market information for decision-makers.
Magnesium-aluminium, the current darling of the tech industry is in devastatingly short supply because the two main players, Taiwan based Catcher Technology and Foxconn Technology are already supplying for Apple. Apple uses the tough and lightweight material in almost all their products, which have been flying off the shelves in recent years, and doesn't look like it is slowing down any time soon.
The Aluminum Association today applauded the New York State Legislature on its passage of a bill that will permit the sale of aluminum bottles in the state. The bill, just signed by Governor Andrew Cuomo, reverses a little-known provision contained in the state's 1982 Bottle Bill that prohibits the sale of metal beverage containers that have detachable caps. Designed to discourage the sale of cans that used detachable pulltabs, the law also technically prohibited the sale of aluminum bottles with crown caps or screw caps.
Huawei is jumping on the trend to make Android-based smartphones thinner and lighter, launching its "Vision" smartphone on Wednesday with an aluminum alloy body. Huawei's Vision is equipped with features that are standard on most mid-market Android-based smartphones, including a 1GHz Qualcomm processor, 512 MB of RAM and 2 GB of integrated storage, which can be increased to 32 GB using a micoSD card.
Tredegar Corporation (NYSE:TG) reported second-quarter net income from continuing operations of $6.0 million (19 cents per share) compared to $5.0 million (15 cents per share) in the second quarter of 2010. Income from ongoing operations in the second quarter was $6.7 million (21 cents per share) versus $5.3 million (16 cents per share) in last year’s second quarter. Second-quarter sales increased to $201.0 million from $185.0 million in the second quarter of 2010.
Meller Optics, Inc. provides a complete line of high purity calcined alumina polishing abrasives for grinding, lapping, and producing a superior finish on optics at a lower cost than diamond abrasives.
Sigma Labs, Inc. announced today that it received a contract from Alcoa, Inc. (NYSE:AA - News) to demonstrate the feasibility of applying Sigma Labs' In-Process Quality Assurance (IPQA) technology to the welding of advanced aluminum structures. Sigma Labs expects this exploratory contract to generate up to $36,859 in revenues.
An unknown person stripped an Augusta house of its aluminum siding, a Richmond County Sheriff's Office report says. The theft had been reported to him by a neighbor, the owner said. The siding is valued at $5,000.
