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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...Panzhihua Steel has succeeded in producing more than five taps of high aluminum steel 38CrMoAl through the converter-continuous casting route...
...Alcoa Wheels has launched Version 2.0 of its CalcuLighter, which is designed to offer commercial vehicle fleet managers and owner-operators with detailed information about making wheel buying decisions aimed at lowering their operating costs, improving productivity and reducing greenhouse gases...
...Alternative energy company AlumiFuel Power Inc. (API) has begun research efforts on behalf of the US Navy into a new source of hydrogen to power unmanned underwater vehicles (UUVs), the company said on 6 August...
...Novelis Inc, the Canadian subsidiary of the country’s largest aluminium producer, Hindalco Industries, said its first-quarter net profit fell to $50 million, from $143 million in the year-ago period, due to mismatch in realisation of derivatives...
...Japan metal Bulletin reported that used aluminium can market price keeps increasing when the price hit higher at tenders by local government around Tokyo...
...Substituting high strength, low weight aluminium for more traditional materials in Class 8 truck and trailers can eliminate 1500kg from the vehicle weight, according to a report by Ricardo Inc...
...Western Extrusions announced the expansion of its aluminum extrusion capability to include a new 14 inch press beginning in the Q2 of 2011...
...According to a new report released by Ricardo Inc, substituting high strength, low weight aluminum for more traditional materials in Class 8 truck and trailers can eliminate 3,300 pounds from the vehicle weight..
... U.S. demand for aluminium improving, lags Europe. ... stuck to its forecast for 12 percent growth in its upstream and downstream markets. ...
...Saudi Arabian Mining Co (Maaden) and Alcoa have met with lenders in Dubai to work on the documentation for the financing of its $10.8bn aluminium project, Meed has reported. The project comprises of an aluminium smelter and a rolling mill, with later phases including a bauxite mine. The smelter will be developed in Ras al-Zour, with the bauxite mine and refinery at Zubairah, in Qassim Province in the centre of Saudi Arabia. Once complete, the complex will have a refinery with capacity of 1.8 million tonnes a year (t/y), a 740,000-t/y smelter, and a 4 million-t/y bauxite mine...
...To help reduce vehicle weight aluminum is becoming more important for German auto maker BMW and its use of the metal has grown steadily in recent years, the company told Reuters...
...Substituting high strength, low weight aluminum for more traditional materials in Class 8 truck and trailers can eliminate 3,300 pounds from the vehicle weight, according to a new report released today by Ricardo Inc...
...Editor: As one of those who attended Commissioner (Cathy) Dunn's "Hate Alcoa" forum last Thursday night, I am writing to respond to several charges and positions expressed by her "guest" speakers. Even though I am on High Rock Lake Association's Board of Directors ...
...Aluminum opened positive at the London Metals Exchange on a stronger Euro. Although yesterday, towards the course of the day the metals were expected to trade higher, a disappointing manufacturing data put pressure on the price...
...Alcan Cable will shutter its Roseburg facility by the end of 2010, leaving 78 employees without jobs...
...Alcan Cable, a business of Rio Tinto, announced today that it will consolidate its cable production facilities to improve the performance of its cable business. As a result, Alcan will close its Roseburg, Oregon facility by the end of the year...
...NEW YORK, Aug 03, 2010 (BUSINESS WIRE) -- Alcoa Inc. /quotes/comstock/13*!aa/quotes/nls/aa (AA 11.56, -0.15, -1.28%) announced today the expiration and final results of the Company's tender offer to purchase for cash any and all of its 6.50% Notes due 2011...
...Vishay Intertechnology, Inc. (NYSE: VSH) today announced that its high-temperature 140 CRH and low-impedance 150 CRZ series of surface-mount aluminum capacitors have been extended with new devices that meet the rigorous IPC/JEDEC J-STD-020 soldering guidelines for severe reflow conditions...
