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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...India's largest aluminium foil container manufacturer Parekh Aluminex slipped 9.99% or Rs 32.95 to end at Rs 296.85 on the BSE. It touched an intraday high of Rs 312 and an intraday low of Rs 296.85. There were pending sell orders of 3,417 shares, with no buyers available. The total traded volume were 4,345 shares. Its market capitalisation stands at Rs 384.12 crore. The stock has fell 42.38% in last 3 sessions...
...BL reported that with growing demand from the automobile segment, the aluminium castings industry is expected to grow at 18% in the years to come which is currently growing at 12%...
...It is reported that a new project with total investment more than 500 million Yuan has settled in Xin’An industrial zone...
...Swedish private equity fund EQT Greater China II Monday said it has acquired a 30% stake in Chinese aluminum die casting manufacturer Modern Metals & Precision Holdings Ltd. through a new share issue...
...Maaden and Alcoa announced that the Maaden Aluminium Company and Maaden Rolling Company both of which are owned 74.9% by Maaden and 25.1% by Alcoa have signed bank financing for the Middle East’s first fully integrated aluminum smelter and food grade can sheet rolling mill in the Kingdom of Saudi Arabia...
...Siemens VAI Metals Technologies has received an order from Gulf Aluminium Rolling Mill Company BSC in Manama of Bahrain to equip its aluminum cold rolling mill no 2 with new automation and drive systems...
...The price increases on Hydro's rolled products in aluminum, planned for the Q2 2011 will be considerably more differentiated than before in the market better reflecting actual manufacturing costs and evening out current local price differences. ..
...As US authorities have targeted Chinese aluminum products with a preliminary raft of anti-dumping and anti-subsidy duties, industry producers are beginning to feel the squeeze...
...The Aluminium Casters' Association of India (ACAI) is conducting Alucast 2010, a three-day international conference and exhibition, between December 3 and 5 at Chennai Trade Centre here. Addressing media persons here on Thursday, Prasan Firodia, President of ACAI, who is also the Managing Director of Force Motors, said the Indian aluminium casting industry was growing at over 23 per cent year-on-year and the total capacity stood at 3.55 lakh tonnes annually...
...Yesterday Liu Longping, Party secretary of Zhaoqing told at the news conference that domestic largest aluminum plate & strip project invested by Asian Aluminum was officially put into production in Middle of December...
...Armenal plant produced 20,210 tons of aluminum foil over the period between January and October 2010 (17% year-on-year growth), National Statistical Service of Armenia reported on Wednesday...
...Albemarle Corp. said Tuesday that it is increasing global prices for all grades of trimethyl aluminum by 25 percent. The price increase will be in effect for all shipments beginning Jan. 1, or as contracts allow...
...RIYADH, Saudi Arabia & NEW YORK--(BUSINESS WIRE)--Ma’aden, the Saudi Arabian Mining Company, and Alcoa today announced that the Ma’aden Aluminium Company and Ma’aden Rolling Company both of which are owned 74.9% by Ma’aden and 25.1% by Alcoa have signed bank financing for the Middle East’s first fully integrated aluminum smelter and food-grade can-sheet rolling mill in the Kingdom of Saudi Arabia.. Sixteen financial institutions, together providing over US$1.9 billion, participated in the signing. The financing has been heavily oversubscribed...
...According to the news from Tokyo on November 26th, Japan’s shipments for aluminum products in October have 11 months consecutive increase because of strong demand for beverage cans and continuously raising exports...
...Aluworks Ghana is calling on government to increase tariffs on imported Chinese products. Mr Ernest Kwasi Okoh MD of Aluworks said that “The Chinese are dumping their inferior goods such as cooking utensils, roofing sheets among others on the Ghanaian market which is largely responsible for the near collapse of Ghanaian companies including Aluworks...
...Aluminum Corporation of China Northwest Aluminum Processing branch currently succeeded in trial manufacturing for two large size thin-walled tube used for cars. The product characterizes large diameter, thin wall, complex process, difficult trial work, etc...
...Aluworks Ghana is calling on government to increase tariffs on imported Chinese products. According to the Managing Director of Aluworks, Ernest Kwasi Okoh, the Chinese are dumping their inferior goods such as cooking utensils, roofing sheets among others on the Ghanaian market, which is largely responsible for the near collapse of Ghanaian companies, including Aluworks...
...Henan Zhongfu Industrial Company Limited of China has placed an order with SMS Siemag for the erection of a 1+4 CVC plus hot rolling mill at the Gogyi location in West Zhengzhou of Henan Province. The hot rolling mill is to be integrated into a new works complex in which, primarily, aluminum hot strip will be rolled for can production. The hot rolling mill is designed for an annual capacity of over 760,000 tonnes...
