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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...Orders for aluminium packaging received by German producers so far in 2011 have risen around 10 percent on the year, German aluminium industry association GDA said on Monday...
...Aluminium will find it much easier to sail on volatile markets than any other metal in the business. The rise of Car sales in China and India is expected to help the metal considerably when other metals like Copper, Lead and Zinc are facing demand crisis and rise of supplies. Aluminium is used extensively in Automobile sector because of its lower weight, malleability and ductility...
...UC Rusal (0486), the world's largest aluminum producer, seeks to double income from aluminum alloy products to up to 70 percent of revenue in three to five years. Customers are ready to pay more for alloy, which commands a higher profit margin than primary aluminum, Rusal chief financial officer Evgeny Kornilov said, but did not provide details...
...Home > News > United States Aluminum price boosts Alcoa ratings Monday, Apr 18, 2011 ??:3 Trade activity this week showed that Alcoa with its credit rating one step away from junk levels is winning over bond investors by extending its debt maturities and increasing revenue as aluminum prices soar...
...The endmills have been launched to improve machining performance and productivity for aluminium machining. ITC's research and development department has worked with various manufacturers to offer the new three-flute solid-carbide series of endmills...
...Using aluminum in select automotive components could reduce vehicle body structure weight safely by as much as an additional 40% compared to today’s vehicles, according to a recent study by the University of Aachen (Germany) for the European Aluminium Association (EAA)...
...About 80 percent of futures experts surveyed by the China Finance Corporation, a financial information provider run by Xinhua News Agency, expect range-bound trading of the aluminum futures traded on the Shanghai Futures Exchange (SHFE) on Wednesday, while 20 percent are negative about the commodity.Benchmark aluminum contract, for June delivery, opened 50 yuan lower at 16,755 yuan/t on Wednesday morning...
...Alcoa Inc. on Wednesday said it will sell $1.25 billion in debt, and use the proceeds to buy back notes that come due eight years earlier. The Pittsburgh-based aluminum mining and processing company said it expects net proceeds of more than $1.24 billion from the sale of 5.40 percent notes due April 15, 2021...
...Saudi Organometallic Chemicals Company, or SOCC, a joint venture equally owned by SABIC affiliate, SPECIALTY CHEM and Albemarle Netherlands B.V., has selected Samsung Engineering to provide engineering, procurement, and construction, or EPC, services for the SOCC Aluminum Alkyls manufacturing facility in Jubail, Saudi Arabia...
...Acadia Parish Sheriff's Office is looking for $20,000 in Aluminum spacers stolen from installation site...
...China produced 18,264,700 cars in 2010, growing 32.44% on 13,791,000 cars in 2009. Cars sales reached 18,061,900, rising 32.3% YoY. USA once created production and sale record of 17,000,000 cars over the world’s car development history, but now China has refreshed the new record...
...– Aluminum Corporation of China (601600) signed an agreement with Sweden’s Sapa Group, the world’s largest supplier of aluminum extruding products, to form a joint venture to enter the high-end aluminum material market, reports China Business News. The two companies will each contribute 50 percent to the Chongqing–based joint venture, which will research, extrude, and process aluminum materials...
...For three year loss of ST Guanlv Aluminium in 2008, 2009 and 2010, Shenzhen Securities decided to suspend ST Guanlv Aluminum from March 24, 2011. Chairman of the company has urged the operation dept to strengthen production and operation management, enhance company’s profitability ability. Now ST Guanlv aluminium operates stably, deeply cultivates inner work, formulates varied appraisal system and management level has been approved. But due to high comprehensive cost, the company didn't make up the deficits and get surpluses in Q1, 2011. It is expected the net profit which belongs to company shareholders reached 600 million to 800 million Yuan...
...Haotai Technology Co.,Ltd is mainly engaged in ERP management software for aluminium industry, aluminium ERP software. Aluminium ERP software was found in 1999 and is one of Chinese IT leaders.Haotai has dedicated to customers with excellent services and products for many years and led the rapis development of the whole industry...
...Hydro's precision tubing unit in China has been steadily increasing its amount of deliveries to non automotive customers and the company is working to capture more business this year. Thursday was the first day of China Refrigeration 2011 and Hydro was ready in Shanghai...
...Japan Metals Bulletin reported that secondary aluminum alloy makers in East Japan are decreasing aluminum scrap procurement for consumption in the first half of April...
...Worldal reported that Aluminum Corporation of China Limited signed an agreement in Beijing with Sweden's extruded aluminum profile maker, Sapa Group to create 50 50 JV in southwest China to produce aluminum parts for high end rail transit projects...
...The Aluminum Association announced that this year’s Marlan Boultinghouse winner Mr Steve Williamson VP Commercial, ARCO Aluminum Inc...
