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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...Japan's auto components manufacturer Kosei Aluminum expects to hike production from June to July after slashing it to 50% following the March 11 earthquake...
...Property development in Qatar is expected to witness tremendous growth following the country winning the bid to host the FIFA World Cup in 2022. New projects are expected to be developed in the hospitality infrastructure and sports sectors over the next decade to prepare Qatar for the prestigious event which will draw tens of thousands of new visitors and strengthen the country’s position a destination for leisure and business tourism. This construction boom is forecast to add billions of dollars worth of real estate and infrastructure projects in Qatar and will in turn drive a much stronger demand than previously foreseen for aluminium products...
...According to data of Brazilian Aluminum Association, Brazil’s aluminum product consumption is expected to grow by about 13% in 2011. Also, ABAL indicated that the country’ production of aluminum wire and cable would rise by 58.4% this year. Meanwhile, Brazil produced 1.54 million tonnes of primary aluminum in 2010 which helped the country become the world’s 7th largest aluminum producer...
...United States International Trade Commission ruled that most of the US aluminum product manufacturer have been damaged by the imported aluminum products from China...
... WASHINGTON (MarketWatch) -- U.S. duties on certain aluminum goods from China can go forward after a trade panel decided Thursday that U.S. aluminum producers were being threatened by the imports. ... imports of aluminum extrusions from China, with the exception of finished heat sinks. Extrusions are shapes squeezed out of aluminum alloys and often used in construction, as well as a number of other commercial products. ...
... COLUMBIA, S.C. (AP) -- A company that makes green building materials is building a new manufacturing and distribution facility in Marlboro County. ECAPS Corp. says its new operation should bring 150 jobs to the area. The company is using an existing building in Bennettsville. ...
... Aluminum processor Aleris Corp. filed plans to offer up to $100 million common stock in an initial public offering, a company formed to acquire the assets and operations of Aleris International, which emerged from bankruptcy last June. ...
... Reports say that Alcoa Inc. (NYSE:AA), who bought Traco, a company that makes windows and doors in August, has decided to add 280 full-time and seasonal workers at its Traco’s plant in Cranberry near Pittsburgh. ...
... Hydro had underlying earnings before financial items and tax (EBIT) of NOK 1,448 million in the first quarter, up from NOK 588 million in the fourth quarter. Higher realized aluminium prices and premiums, higher volumes and lower operating costs lifted underlying results for the quarter. ...
...A pair of Spanish engineers have created a remote controlled car that runs on aluminum. Just a few soda can tabs produces enough hydrogen to power it for 40 minutes at almost 32kmph...
...Gulf News reported that Dubai Italian contractor Finmeccanica, through its unit Fata has been awarded AED 1.1 billion turnkey engineering, procurement and construction contract by Aluminum Rolling Mill Company for the aluminum rolling plant that will be located in Sohar of Oman...
...Demand for most aluminum products rebounded in March even as the extrusion sector continued to lag, according to Davenport & Co. LLC data based on seasonally adjusted figures from the Aluminum Association...
...The Ardagh Group (formerly Impress Group) has extended its aluminium portfolio from aerosol cans to aluminium bottles after its research identified an opportunity to enter a niche, but growing, market segment...
...imes of Omans reported that Aluminum Rolling Mill Company, owned by Takamul Investment Company has signed an agreement with FATA EPC, an Italian company to construct an aluminum rolling mill at the Sohar Industrial Estate with an estimated cost of USD 385 million...
...Shares of Alcoa, Inc. (NYSE:AA) closed the trading session at $16.13 below calculated support at $16.38 breaking the stock technically, raising concerns by investors, as the move might trigger more selling...
...Huang Chuangyuan, Vice-President and General Manager of Minfa Aluminium(002578)said on IPO road show price fluctuation of raw materials wont affect company profit, as the company’s price model is aluminum ingot plus processing fee. Product price is adjusted according to aluminum ingot fluctuation, and processing fee is relatively fixed...
...Nanshan Aluminum Co.,Ltd reported on the evening of Monday that the company expected Q1 net profit rose more than 50% YoY...
...This clean and green micro-car runs on something you'd normally just toss away: the aluminium ringpulls that snap off Coke cans. The all-electric radio controlled vehicle, named "dAlH2Orean", can zip along at 30km per hour by turning waste aluminium scraps like ringpulls into hydrogen, and then into power. Essentially, by mixing water and residual aluminium with sodium hydroxide, hydrogen is generated....
