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 (NYSE:AA) CEO Klaus Kleinfeld spoke with FOX Business Network (NYSE:NWSA) about increasing demand for aluminum from the auto industry and ETFs. Here’s the video. It’s a bit of a commercial for aluminum, Your Cheat Sheet to his comments are below:...
...Norsk Hydro ASA, the Norwegian aluminum company buying $4.9 billion of assets from Vale SA, is studying other acquisitions and has Austria Metall GmbH on its “radar,” according to its chief executive officer...
...Ball Corporation (NYSE: BLL) announced today that Latapack-Ball Embalagens Ltda., the company's majority-owned beverage can joint venture in Brazil, plans to build a new beverage can manufacturing plant in Alagoinhas, in the Brazilian state of Bahia...
...Cans for beverage majors such as Pepsi and Coke will soon be made in India. Hindalco Industries , which acquired Novelis in 2007, will make the high-margin can sheets for global buyers at its upcoming facility in Hirakud, Orissa, through a plant relocated from Novelis' UK unit...
... Universitat Munchen are teaming with engineers from BMW in an effort to replace copper with aluminium as a conductor in on board power systems. ...
...Warrington based aluminum can recycler Novelis has increased the price it pays to councils and other collectors for aluminum used beverage cans by EUR 70 per tonne...
...It is reported that in a breather to the cigarettes manufacturers, the Bombay High Court has ruled that the process of embossing on aluminium paperback foil and cutting it to shape to be used in the packaging of cigarettes does not amount to manufacture. Hence no excise duty can be levied on such product...
...Alcoa’s automotive wheels business secured the contract to supply lightweight forged aluminium wheels for critically acclaimed Ferrari 458 Italia. The deal, which was sealed at the end of October 2010, sees the company supply forged aluminium wheel technology that ensures that the front wheel weighs just 10.3 kilos, while the rear wheel weighs 11.5 kilos, a significant saving compared to a typical cast aluminium wheel and a result that is only achievable with a forging process...
...MCX Aluminium Feb contract yesterday traded in green during the day and closed at 115.55 up by 0.35% but pressure could be seen at higher levels as China's central bank announced yesterday to raise further lending and deposit interest rate for financial institutions by 25 basis points. But investors are still positive towards the metal demand. ..
...BMW's novel aluminum connector tightens as the metal heats up and creep sets in. It could be used to implement an aluminum wiring system in EV to cut costs and weight...
...It is reported that Aluglaze insulated infill panels from Panel Systems have been incorporated in the construction of The Titanic Quarter Campus part of Belfast Metropolitan College...
...The markets are not known to reward managements for their long-term vision. In 2007, Kumar Birla faced the wrath of the stock market when he took a $6.2 billion call on Novelis, the Atlanta-based producer of rolled aluminum products. The markets questioned his assumption that more aluminum would be consumed by automobile, transport, electronics and cola companies...
...Property worth over Rs 1 lakh was damaged when a fire broke out in a shop on the first floor of a complex on La Touche Road under Kaiserbagh police station area on Tuesday morning...
...According to Japan Aluminum Association, Japanese rolled aluminum operation rate reached 83.9% in 2010 which reached 80% for the first time in 2 years and increased for the first time in 4 years.
... As part of their expansion plans, Diversified Ulbrich of Canada in Montreal has relocated to a new 65,000 square foot facility in nearby Pointe Claire. Mr Frank Best group president of Ulbrich Steel’s Distribution Division said that "The expansion is in part related to Diversified Ulbrich's decision to add aluminum sheet to its host of stainless offerings." ....
... Alcoa is the world leader in the production and management of primary aluminum, fabricated aluminum, and alumina combined, ...
... Aluminum has been the least preferred metal among equity investors given its high inventory levels, dependence on energy prices, and excess-supply situation. Aluminum prices remain 25% below their prerecession peak at nearly $2,500 per metric ton ...
... Alu-Pro, Italy, a global leader in the production of aluminum spacer bars for insulating glass units, plans to increase the price for its entire product ...
