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 piping and fittings worth approximately $20,000 were stolen from a farm early Monday, according to sheriff’s deputies ... A number of pieces of 3-inch to 8-inch aluminum piping and fittings, that were painted yellow and were underneath a covered shed, had been removed. ...
... Foshan Hongyuan Aluminum Co.,Ltd has been the global major supplier for computer hard disk reader. The product capacity has reached 200 tons per month for two consecutive years and market share exceeded 40%. ...
... Mr Tadeu Nardocci has been appointed as the new chairman of the European Aluminium Association. The president of the Novelis Group took up the honorary role on January 1st 2011. ... He oversees 13 manufacturing facilities across Europe which produce rolled aluminium for markets including packaging, automotive, building, transportation and printing. ...
... Japan-based aluminum electrolyte capacity makers are looking to raise quotes in the first quarter of 2011, Taiwan's manufacturers indicate that they plan to hold prices steady before the Lunar New Year at least,
... Jaya Hind Industries entered into the vital product line of Aluminium Cylinder Blocks. The critical nature of the part warranted a strong technical support and Jaya Hind chose to join hands with KSAT Ag, Germany. The company has already signed a licence agreement with KS Aluminium Technology AG ... Jaya Hind has a capacity to make 400,000 cylinder heads per annum and is expected to be increased to 800,000 cylinders heads by end of the next year. ....
... The North American net new aluminum mill order index registered a 6.3% increase in December on the same month of 2009, according to the Aluminum Association. ...
... Alcoa Inc. (NYSE:AA) added 0.30% to $16.47. Alcoa Inc. is engaged in the production and management of primary aluminum, fabricated aluminum, and alumina combined. The stock has average daily volume of 24.78 million shares. At current market price, the market capitalization of the company stands at $16.82 billion. ...
...U.S. demand for refractory products is forecast to advance 8.0 percent annually to $3.0 billion in 2014, reflecting a rebound in steel manufacturing from dismal 2009 levels, according to a Jan. 4 release from The Freedonia Group Inc., Cleveland...
...Sustained selling pulled the key benchmark indices to fresh day's low in mid-morning trade after a firm start. Asian markets were trading mixed. The BSE 30-share Sensex was down 74.70 points or 0.37% to 20,226.40, off 199.45 points from the day's high and up 30 points from the day's low. The market breadth was weak in contrast to a strong breadth in early trade...
...Bloomberg quoted the Japan Aluminium Association said Japan shipments of rolled-aluminum products increased at the fastest pace in three months in November, led by demand from China and other Asian countries...
...Alcan Cable, a Rio Tinto PLC division that makes aluminum cable and other equipment, plans to set up a new legal entity for its operations in Mexico, the company said Monday...
... a Joint Venture company on July 30th 2010 to set up an aluminium park at Angul to set up an aluminium downstream and ancillary comp.
... Bloomberg reported that Ess Dee Aluminium Ltd an Indian maker of packaging used by pharmaceutical companies expects to buy more of the metal this financial year and next driven by increased demand for medicines. ....
... It is reported that Mexican government has announced to lower import duties on steel ingot and aluminum wire products. The import duties on steel ingot may drop to 3% from current 5%. Meanwhile, the import duty rate on aluminum wire, including alloy or non alloy, will be cut to 3% as well. However, the duty rate of aluminum tube will rise to 5% conversely. ...
... Japan's output of extruded aluminum products in November rose 5.1% from October to 70,311 metric tons, according to preliminary data released Friday by the Ministry of Economy, Trade and Industry. ... Japan's November output of flat-rolled aluminum products rose 1.9% on month and 9.3% on year to 110,761 tons. ...
... OCBC Investment Research has upgraded Midas Holdings , a Singapore-listed aluminum products maker, to "buy" from "hold" and raised its target price to S$1.22 from S$1.05. ... Midas has been in discussions to increase its aluminium extrusion capacity in Xin'an County, China, and the new plant could raise its annual production capacity by 30,000 tonnes to 80,000 tonnes. ...
... The company, which is 51% owned by the Norwegian government, has activities in over 60 countries, comprising oil and gas, energy, fertilisers, magnesium, aluminium, petrochemicals, industrial chemicals and fish farming. Slightly more than half the 35,000 employees are outside Norway. ...
