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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...Aluminum Corporation of China Limited indicated on March 1st that the company predicted that the aluminum oxide prices would be at USD 350 per tonne to USD 430 per tonne this year in global market in addition that in China’s market would be at CNY 2,700 per tonne to CNY 3,300 per tonne...
...US aluminum sheet maker and recycler Aleris Thursday posted fourth-quarter net income of $42 million, compared with a net loss of $759 million for Q4 2009. Q4 net earnings would have been $48 million and $34 million in 2010 and 2009, respectively, excluding the tax impacts of metal price lag, reorganization items, unrealized hedging gains, the impact of recording assets at fair value through fresh-start accounting, restructuring and impairment charges and interest expense associated with previous debt structure. the company said...
...Shares of Tredegar Co. (TG) saw unusually high trading volume on Thursday. Approximately 109,679 shares changed hands during mid-day trading, an increase of 22.56% from the previous session. The stock last traded at $20.37...
...From March 18 to March 20, the 17th National Aluminum Fenestration Products Exhibition will be held at Guangzhou Poly World Trade Expo, by then more than 360 Aluminum fenestration enterprises from 18 countries and areas will attend the exhibition. As the exhibition is approaching, Vice Secretary of China Construction Metal Structure Association and Chairman of Aluminium Fenestration Committee Huang Qi analyses the development trend. He says “ China Aluminium fenestration industry develops very fast with srong exports. Some enterprises have already had great international competitiveness...
...Aluminum products manufacturer Hulamin has confirmed that it had reached an agreement with BHP Billiton plc (LON:BLT) to extend an existing rolling-slab supply agreement by a year, until June 2012...
...Germany experienced a “significant increase“ in turnover for aluminium packaging across food, cosmetics and pharmaceuticals in 2010 as the sector continued its post-recession revival, said the national trade body...
...The government will introduce mandatory standards for aluminium sheets and foils sometime this year, to ensure products produced in the country, meet standards and safety requirements for both the domestic and international markets...
...The exhibition and conference marked the 125th Anniversary of the Hall-Heroult Process with a plenary session devoted to the subject. Claude Vanvoren of Rio Tinto Alcan opened proceedings with a look at The Early Days of the European Aluminium Industry and examined Paul Heroult's role as the co-inventor of the electrolytic process...
...Over 250 invited aluminum industry leaders will be gathering in Dubai on March 3rd 2011 in one of the unique settings and unparalleled occasions that is being organized by Gulf Aluminium Council...
...KB Alloys (KBA) is the North American market leader in the production of aluminium master alloys and grain refiners, while AMG, through its Advanced Materials division subsidiary London & Scandinavian Metallurgical Co Limited, is the market leader in Europe and South America for aluminium master alloys, grain refiners and aluminium powder technologies. Both companies have complimentary operations in China located in Jiangsu and Jiaxing provinces...
...Entry of institutional investors into aluminium would push up prices of the metal further up, believes D Bhattacharya, managing director, Hindalco & vice-chairman, Novelis. In a conversation with Dilip Kumar Jha, he also said rising prices would help Hindalco. Excerpts:..
...Chula Vista, CA, February 23, 2011 --(PR.com)-- Worldwide Industrial Marketplace (WIM), the import-export trade portal for domestic and global industrial suppliers & buyers announced today the debut of its Castings Manufacturers Marketplace at http://www.industrialsaver.com/classifieds/index.php?cat=15. The company, a division of Industrial Leaders said the site is suitable for companies in the market for OEM and customized investment castings, stainless steel, cast iron, aluminum castings, copper, nickel alloy, carbon steel, alloy steel, titanium, brass castings, plastic and other types. ..
...In the key year that China’s “Twelfth-Five” plan will come on, Asian aluminium industry exhibition “ 2011 China International Aluminum Exhibition” will be held at Shanghai New International Expo Centre during July 13 and 15 2011. It is expected that all Global 500 giants in the aluminum industry will gather here, like Aluminum Corporation of China, Nanshan Aluminium, Qatar Aluminum, more than 400 domestic and foreign enterprises covering global aluminum industrial chain as well as over 10000 sources from over 90 coutries, like China, Asia,etc...
...Heavy Duty Trucking recognized Alcoa Wheels, a key supplier to Wheel Torque Solutions, as a "Top 20" new product recently at the TMC Annual Convention in Tampa, Florida. Heavy Duty Trucking editors, in combination with members of the American Trucking Associations' Technology and Maintenance Council (TMC), evaluated hundreds of new products for those that are innovative and likely to contribute to the bottom line by improving safety, fuel economy or efficiency...
...AMG Advanced Metallurgical Group N.V. ("AMG," EURONEXT AMSTERDAM: "AMG") has acquired 100% of the LLC interests of KB Alloys, LLC ("KBA") from CHS Capital LLC for $23.5 million in cash. KBA is the North American market leader in the production of aluminium master alloys and grain refiners...
...Novelis Inc. Chief Financial Officer, Steve Fisher, will present at the J.P. Morgan Global High Yield & Leveraged Finance Conference in Miami on Monday, February 28, 2011, at 11:40 a.m. EST. ..
...Unquestionably, “The Aluminum Show” is weird. However, as a crowd of about 1,000 discovered Sunday at DeVos Performance Hall, in this case, weird was good...
...February 7, Midas announced that it aluminum alloy section Jilin Midas Aluminum Co.,Ltd received a contract worth 82 million yuan about CNR Changchun Railway. Jilin Midas Aluminum Co.,Ltd will deliver aluminum extrusion profile and some processing parts for 30 train sets (240 carriages) of intercity high-speed railway project in 2011. It is expected that the contract will play an positive role in annaul results of Midas till the end of this year...
