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...
Grow with
AL Circle
Alcoa, a leading producer of primary and fabricated aluminum products, has planned to install a sophisticated recycling and casting process as a part of B&C Research expansion initiative in Barberton, Ohio. B&C Research is a division of Alcoa’s Wheel and Transportation Products business. The investment will help decrease greenhouse gas emissions and energy consumption. The new process will aid the company to make its 100% recyclable aluminum wheels into more efficient products. The $21 million expansion will be completed in the second half of 2012. The new facility will employ innovative technology and remelted scrap aluminum to produce billet, which will later be utilized for wheel production. The aluminum billet enhances the sustainability and efficiency of the company’s manufacturing...
Reportedly, reconstructed and held by Changshu Aluminium foil Factory, Jiangsu Alcha Aluminium revealed its outline to construct 250,000 aluminum project in the Baotou National Rare Earth Hi Tech Industrial Development Zone in China's Inner Mongolia Autonomous Region. The company is one of the initial companies that are specialized in manufacturing bare and hydrophilic coated aluminum foil inside China. For the new plant project, the casting and rolling production lines are expected to be finished within 12 months while the whole project will be finished within 18 months. It has a designed annual production capacity of 100,000 tonnes for aluminum and aluminum alloy ingot, 100,000 tonnes for aluminum strip and 50,000 tonnes for aluminum foil.
Aluminum foil containers maker Parekh Aluminex Ltd is looking to raise as much as Rs 100 crore ($22 million) through a preferential allotment to a host of overseas funds including Kitara Capital. The public listed firm is holding an extraordinary general meeting on July 25 for seeking the approval to issue equity shares on preferential allotment basis, the company said in a statement issued to Bombay Stock Exchange. The proceeds of the preferential share issue would be used for expansion and working capital requirement of the company. The firm is planning an expansion that would absorb Rs 300-350 crore. Parekh Aluminex is one of the largest manufacturer and exporter of aluminium foil containers, and also one of the biggest manufacturers of aluminium foil rolls and lids in India. It has...
Novelis declared that it will invest $15.8 million to build a continuous casting line at its manufacturing plant located in Pieve Emanuele, Italy. The new production line will recycle waste aluminum material into metal, which will be used to manufacture rolled aluminum sheet. . The new investment follows Novelis’ announcement made In May 2011 to expand the production capacity of recycled metal used in its global rolling operations from the current value of 34% to 80% by 2020. The Pieve Emanuele facility is an integrated casting, rolling and finishing operation. The aluminum coil and sheet made at the facility is supplied to end users and distributors in construction and other industrial markets. The Pieve Emanuele facility also supplies aluminum coil to Novelis’ mill located in Bresso. In...
Automakers plan to use more aluminum over the next few years to meet higher fuel economy requirements, a trend that could send car prices higher. "The amount of aluminum that's used in cars is projected to double by 2020," said Alcoa spokesman Kevin Lowery. Federal fuel economy standards call for automaker fleets to average 34 miles per gallon by 2016. Last year, the U.S. fleet got about 23 mpg. Automakers say hitting the new numbers means cutting a lot of weight out of cars. Less weight means less of a load for the engine to move, immediately improving fuel economy. Car companies further boost those efficiency improvements by using smaller, less powerful engines. "If you're really trying to maximize fuel economy, you really want to reduce horsepower as you cut weight," said Glenn Daehn,...
State-run National Aluminium Co Ltd , India's third-largest producer of aluminium, has extended a discount of 2,000 rupees ($44.8) per tonne on rolled products until the end of July, a senior executive said. Last week, the company had offered the discount until June 30 across all products in the domestic market following a drop in world prices. "We have decided to extend the discount only on rolled products," Ansuman Das, director (commercial), said. ($1 = 44.6 rupees)
The company is boosting sales, strengthening R&D amid rising costs. Under efforts to increase margins, Shanghai Everskill M&E Co. Ltd has launched a super-thin seamless aluminum tube seen to replace costly copper variants. This comes amid the company’s plans of increasing prices in the next six months because of escalating production outlay. In an interview with Global Sources, general manager Jason Lee discusses the company’s advantages over other competitors. Below are excerpts of the discussion.
Hydro will invest NOK 300 million to deploy a new extrusion press at its aluminum extrusion plant in Itu near Sao Paulo of Brazil to expand its product offerings and fulfill the local demand for high value aluminum products. Hydro supplies extruded aluminum products to local markets from its plant in Brazil The investment covers costs related to deployment, construction and purchase of auxiliary equipment. The Itu plant already features three presses of which two are utilized for general extrusion applications and the third one is exclusively meant for heat transfer solutions and components. The new extrusion press will be the largest press at the Itú facility and its size will allow the company to produce larger and longer aluminum profiles, primarily to the transportation market. The...
Hydro will invest NOK 300 million to deploy a new extrusion press at its aluminum extrusion plant in Itu near Sao Paulo of Brazil to expand its product offerings and fulfill the local demand for high value aluminum products. Hydro supplies extruded aluminum products to local markets from its plant in Brazil The investment covers costs related to deployment, construction and purchase of auxiliary equipment. The Itu plant already features three presses of which two are utilized for general extrusion applications and the third one is exclusively meant for heat transfer solutions and components. The new extrusion press will be the largest press at the Itú facility and its size will allow the company to produce larger and longer aluminum profiles, primarily to the transportation market. The...
It has been less than a week since Alcoa ( AA ) showcased its next-generation aluminium alloy at the Paris Air Show. And the aerospace industry seems to agree that these new alloys hold plenty of promise. Airbus decided to sign a multi-year contract worth $1 billion with the aluminium industry leader. Alcoa will supply its new alloys for almost all Airbus commercial aircraft. The company competes with other international metals and mining giants like Rusal, Rio Tinto (NYSE:RIO), BHP Billiton ( BHP ) and Chalco ( ACH ). Our price estimate for Alcoa at $19.80 implies a premium of about 30% to the market price.
Noranda Aluminum Holding Corporation will announced financial results for Q2 2011 in a news release before the NYSE opens on July 27th 2011. Management will review those results during a conference call at 10:00 AM Eastern Time on July 27th 2011 followed by a question and answer period. The call will be broadcast over the Internet on the Company's homepage at www.NorandaAluminum.com and can be accessed under the link Investor Relations. The call will be archived shortly after the conference call concludes and will be available for replay through August 3rd 2011.
Interfax China reported that Jiangsu Alcha Aluminum Company Limited plans to build a 250,000 tonne aluminum project in the Baotou National Rare Earth Hi Tech Industrial Development Zone in China's Inner Mongolia Autonomous Region. Shenzhen Stock Exchange listed Alcha Aluminum will fund the project's construction through a private issuance of 120 million shares priced at least CNY 12.69 each to a maximum of 10 investors. Once construction begins, the casting and rolling production lines are expected to be completed within 12 months while the whole project will be finished within 18 months. It has a designed annual production capacity of 100,000 tonnes for aluminum and aluminum alloy ingot, 100,000 tonnes for aluminum strip and 50,000 tonnes for aluminum foil. Aluminum strip produced at the...
In the witch's brew of gases and particles that make up smog in most cities, nitrogen oxides are a plentiful ingredient. The pollutants also help create ground-level ozone, a nasty irritant for lungs, and bothersome fine particles. The family of chemicals, called NOx in shorthand, can inflame people's airways and trigger asthma attacks, according to the U.S. Environmental Protection Agency. Reducing emissions is one way to curb NOx pollution. But aluminum giant Alcoa has another idea for taking on NOx: a building panel with an special coating, called EcoClean, that the company says can turn buildings into smog eaters. The secret weapon against smog? Titanium dioxide. Used to coat Alcoa's aluminum panels, the material can neutralize harmful pollutants through simple oxidation. When...
Rio Tinto Alcan's Dubuc plant in Quebec, Canada will increase its production of Airware alloys for the aerospace industry by more than 50%. It has signed an agreement deal with Constellium's Global Aerospace division and will expand its plant to meet the new contract’s requirements. Construction work is underway and will continue over the next several months. Airware is composed of various complementary, low-density materials that are part of space programmes such as NASA's Orion and Space X's Falcon 9. It will also soon be taking flight on the Airbus A350 XWB and Bombardier CSerie. Constellium, formerly Alcan Engineered Products, manufactures aluminium products for markets and applications including aerospace, mass transportation, automotive, packaging, energy and construction. It...
All too often architects and designers have had to choose between style and substance. Now there is no need to compromise as, aluminium wall cladding is fast becoming a design staple for contemporary commercial interiors. Interior architects and designers are using wall cladding systems in exciting an innovative ways to add a touch of style. Aluminium is fast becoming the material of choice when panel flatness and ease of fitting is a must. Aluminium as a constructional metal fits in well with today's requirements of sustainable design and technologically efficient materials. There aren't many alternatives that can compete with aluminium's long list of desirable qualities. These positive characteristics offer an; advanced, aesthetically pleasing, durable, hygienic, lightweight, low...
It was a proud day for the Quad Cities and especially for those who work at the Alcoa plant in Riverdale, Iowa. President Barack Obama shined the spotlight on what workers have accomplished during a visit to the plant Tuesday. He even thanked them for providing the aluminum in the wings of Air Force One. "So I want to thank all of you for getting me here in one piece. It was a pretty smooth ride, thanks to Alcoa," joked Obama. The president toured a section of the plant where he saw one of the milling machines used to make the material for airplane wings and where the company invested $90 million on other equipment upgrades. Then, he gave brief remarks to a group gathered around a stage inside the plant. "Good to be back in the Quads," he said. The last time Obama was in the Quad Cities...
State Rep. Doug Broxson, R-Gulf Breeze, will host a series of constituent forums July 7-8 to give residents an update on aluminum wiring and how it affects property insurance. Representatives from Citizens Property Insurance will conduct the forums to explain the recent changes to property insurance policies on homes with aluminum wiring. "This issue is one that affects many of our constituents in Northwest Florida," Broxson said. "I encourage anyone who has questions regarding these changes to attend and hear from Citizens firsthand."
Aluminum alloy stockpiles tracked by the London Metal Exchange rose to the highest level in more than nine years, while inventories of primary aluminum extended their drop to the longest in almost seven years. Stocks of aluminum alloy, used to make parts for car engines, increased 1,960 metric tons to 121,180 tons, the highest since February 2002, LME data showed today. Inventories gained in Singapore and South Korea and are up 61 percent this month. Aluminum inventories declined 13,300 tons, or 0.3 percent, to 4.51 million tons, the lowest level since Jan. 20. That was the 25th consecutive drop, the longest streak since Aug. 26, 2004. Stockpiles have dropped 4.2 percent since May 24, according to exchange figures. Orders to remove aluminum from warehouses, or canceled warrants, gained...
