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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Dubai: The GCC railway project has the region's aluminium extrusion companies rubbing their hands in glee at the thought of the lucrative business potentially coming their way, given the relatively infant downstream industry in the Gulf, industry insiders said. "The main body of train wagons and stations is made of aluminium… a single train compartment is made of seven tonnes of aluminium," according to Madar Al Mekdad, General Manager of Gulf Extrusions. "We will be involved with GCC rail and dealing with the train manufacturers... They should insist on using local companies," he added. Political unrest in the region, a natural disaster in Japan and construction sector weakness in Dubai have taken their toll on the Gulf's aluminium industry, he said. "Demand for aluminium extrusions will...
The world is undergoing fundamental shifts that will shape the next 50 years -- trends that will increase demand for aluminum and products made by Alcoa, Company Chairman and CEO Klaus Kleinfeld told investors at Alcoa’s 123rd Annual Meeting of Shareholders, held today in Pittsburgh. Kleinfeld also reported that the company’s joint venture in Saudi Arabia is on schedule, and he paid tribute to retiring director Joseph T. Gorman, a member of the Alcoa board since 1991. Kleinfeld presented an upbeat view of an “aluminizing” world, where population growth and urbanization are driving demand for more efficient infrastructure and transportation solutions. “The world is experiencing fundamental shifts that will shape the next 50 years,” Kleinfeld said. “We will experience changes in all aspects...
Aleris today announced that it will invest $70 million to install a new cold rolling mill in its Duffel, Belgium facility in order to significantly increase its capacity to produce wide automotive-body sheet. Product to be produced by the Duffel plant will be the widest currently available in the industry. "We are making this investment to meet the increasing demand for aluminum auto-body sheet and support our customers as they address increasingly challenging emissions and fuel efficiency requirements," said Roeland Baan, Aleris executive vice president and chief executive officer, Europe and Asia. "This new cold mill, together with our existing capacity, will give us the flexibility to produce sheet ranging up to 2200 mm. With the expanded capacity, we are well positioned to meet a...
Alcoa Inc (AA.N) said it will start selling an aluminum building panel that removes smog from the air using a chemical commonly found in automobile paint. Using a proprietary process developed with Japan's Toto (5332.T), Alcoa said it turns fine grounds of titanium dioxide into a clear paste then applies it the surface of aluminum. The titanium dioxide interacts with sunlight and breaks pollution in the surrounding air into carbon dioxide particles that are washed away by rainwater, Alcoa said.
Mr Henk Pauw CEO of Sohar Aluminum said that Phase II of Sohar Aluminum will not only provide a favorable advantage for the long term sustainability of the smelter but also supply a fully developed downstream with additional metal that will encourage the generation of employment. Q - What are Sohar Aluminum's future plans? A - Sohar Aluminum is gearing itself by gradually ramping up our amperage to 390 kA which will eventually equate to an additional 360,000 tonnes of aluminum per annum. The discussions about a possible expansion are gaining momentum but I don't expect a decision before the summer of 2011. It is noteworthy to mention that Phase II will not only provide a favorable advantage for the long term sustainability of the smelter but also supply a fully developed downstream with...
The ceramics experts at CeramTec have successfully developed an exceptional thermally conductive aluminum nitride extrusion called Alunit®. This innovative process is the only one of its kind worldwide. The ceramics experts at CeramTec have successfully developed an exceptional thermally conductive aluminum nitride extrusion called Alunit®. This innovative process is the only one of its kind worldwide. It allows rod-shaped bodies and tube systems made of ceramic to possess the characteristics of high mechanical stability and dielectric strength. Alunit® exhibits uniform thermal conductivity and expansion in all directions. Its thermal expansion coefficient rivals that of silicon (approx. 4 ppm/K).
The Board of Directors of Alcoa declared (a) a quarterly common stock dividend of 3 cents per share payable May 25, 2011 to shareholders of record at the close of business on May 16, 2011 and (b) a quarterly dividend of 93.75 cents per share on Alcoa's $3.75 cumulative preferred stock payable July 1, 2011 to shareholders of record at the close of business on June 10, 2011.
...Century Aluminum (NASDAQ: CENX) reported 1Q11 adjusted EPS of $0.18, which was below Dahlman's and the consensus estimates. Dahlman is maintaining its 2011 and 2012 earnings estimates and Hold rating on the shares...
...The United States International Trade Commission has reached a final determination in its antidumping and countervailing duty investigations of imports of aluminum extrusions from China. Agreeing with U.S. Department of Commerce findings that these products are subsidized and sold in the United States at less than fair value, ITC officials have cleared the way for preliminary duties imposed last year to be put in place for the next five years...
...May 5, the aluminum foil project of Northwest aluminum processing branch office of Chinalco now has produced 0.07mm finished goods on 2100mm aluminum foil rough mill since a load debugging in March. Every parameter keeps balanced during the productive process, which marks Northwest Aluminum foil project has achieved initial success of trial run, meanwhile has laid solid foundation for trial run of broad blank and subsequent optimization and debugging...
...Barrette Outdoor Living, a division of Barrette, Inc., has acquired Satellite Manufacturing, a manufacturer of high-quality aluminum products including fencing and railing. The acquisition brings together two well-established and reputable companies to better serve their customers. This provides an opportunity to enhance the outdoor living product portfolio for Barrette and their customers...
... New Aluminum Alloy Helps Generate Clean Water and Cheap Electricity ...A new aluminum alloy could soon clean out water and at the same time generate electricity for afflicted areas. Purdue University researchers Jerry Woodall and Go Choi have been working on the alloy of aluminum, gallium, indium and tin that could split polluted or salt water into hydrogen and oxygen and then reunite them to generate electricity and pure water...
...According to our recent report “Brazil Aluminum Sector Analysis”, aluminum sector has received tremendous boost in terms of both demand and supply in Brazil owing to its growing usage in various sectors. The yellow metal with its strength and flexibility attributes is becoming metal of choice for manufacturers. Indicating towards a bright future prospect, the report further revealed that nation’s automobile sector will be at the forefront of aluminum consumption and is all set to register 10.8% CAGR growth during 2011-2014...
...Speedwrap refill packs of cling film and aluminium foil are the ideal partner for the Speedwrap catering dispensers from Prowrap. Now they are available in economic packs containing three refill rolls...
...Rapid growth of consumer electronics industry augurs well for aluminium as the industry looks forward to meet sustainability challenges, according to Randall Scheps, Alcoa's Director of Consumer Electronics Market Development...
...Shares in US aluminium giant Alcoa jumped almost 4pc on Tuesday following market speculation that London-listed miner Rio Tinto was preparing a bid for the group...
...Reported Tuesday an increase in profit for the first quarter, on higher revenues, a one-time benefit, and lower costs related to Hawesville operations. Shares of the primary aluminum producer declined 5 percent in extended trading on the Nasdaq...
In the past, the plant was known as Alcan Rolled Products, as well as Kaiser Aluminum, Ravenswood Aluminum, Century Aluminum and Pechiney Rolled Products.
