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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...Reuters reported that Western world unwrought aluminum stocks rose to 1.334 million tonnes at the end of October compared with a revised 1.289 million in September...
...Reuters reported that Japanese shipments of aluminum products rose in October for an 11th straight month of YoY gains as high temperatures boosted demand for cans and exports continued to grow...
...Ormet Corporation, an independent U.S. producer of aluminum, announced its intention to restart the two idled potlines at its Hannibal, Ohio, smelting facility. The restart preparations will commence immediately with the process expected to be completed in the first quarter of 2011, bringing the smelter to full production capacity...
...Oslo, Norway, Nov 23, 2010 (Thomson Reuters ONE via COMTEX) -- Sapa acquires 65% of the shares of the aluminium extrusion company Vijalco and forms a joint venture with the Vietnamese Ben Thanh Group. The new company will be called Sapa BTG...
...Sri Lanka's Hayleys group said it had cut its holdings in a newly acquired alumimium extrusion firm by 35 percent by selling 700,000 shares to a consortium of investors...
...Euro Aluminium Australia specialises in the aluminium window and door industry. The demand in the commercial market for an aesthetically pleasing window and door can now be achieved with unique round/square profiles, overlap sections, together with mitered corners and precision engineering (available with or without thermal break section)...
...Novelis Inc., an Atlanta-based manufacturer of rolled aluminum products, has created a new executive position to develop the company's plan for global sustainability...
...Recently Baotou Xi aluminum has obtained ISO14001 Environmental Management System Certification awarded by China Quality Certification Center. Since May 2009, Baotou xi aluminum has established and implemented the ISO14001 environmental management system...
...Accuride Corporation (OTCBB: ACUZ), a leading manufacturer and supplier of commercial vehicle components, today announced a $13 million aluminum wheel capacity expansion plan. The plan entails the addition of aluminum wheel machining and polishing equipment to be located in both the Company’s Erie, Pennsylvania, facility, and its Monterrey, Mexico, wheel facility. ..
...The Metals Activity Report from the Metals Service Center Institute showed that metals service center shipments in the US and Canada for aluminum continued to increase at robust rates in October. Inventory to sales ratios remained stable for both steel and aluminum in both the US and Canada...
...Tianyang County, morning Nov.18th, Tianyang county signed an agreement with Guangxi Suyuan Investment Co.,Ltd. Two projects of yearly output of 120,000 tons aluminum-plastic composite panel materials and yearly production of 20,000 tons of Golden Ganoderma Liquor settled in Tianyang...
...Shandong Nanshan Aluminum Company Limited of China has placed an order with SMS Logistiksysteme of Germany to expand the storage and transport capacities of the works in Longkou in Shandong Province...
...Reportedly, Alcoa predicted the aluminum products would grow to double in the next decade on the increasing demand for aluminum in China, Brazil and other emerging countries...
... Aluminum Tubes 140. Alcoa to Restructure Downstream Operations 140. ATI Allegheny Ludlum Supplies Alloys to Wellstream ...
... with Noranda's Upstream and Downstream business units," said Smith. ... Noranda Aluminum Holding Corporation is a leading North American ...
...After steel, aluminium, power and cement, now biggies in the automotive sector have evinced interest in investing in Orissa. Tata Motors, Fiat and John Deere are mulling to set up their manufacturing bases in Orissa, given the state's stable political climate, investor policies, availability of skilled manpower, enabling infrastructure cheap and productive labour as well as a healthy GDP growth in the past few years...
... The downstream production of flat rolled products grew by 2% to 54042 ... Global aluminium demand in Q2 FY11 reflected a growth of 14% over ...
...ArmenAl closed joint stock company had produced 18,008 tonnes of aluminum foil in January to September this year an increase of 2,530 tonnes or 16.3% as compared to the output of the same period of last year...
