In recent weeks, the domestic spot aluminium ingot market has exhibited notable regional divergence. While basis levels in East China and the Central Plains have remained relatively stable, the South China market has seen its aluminium ingot basis strengthen independently to a year-to-date high....
SuperAlloy Industrial is pushing into semiconductor equipment components as it seeks to build a second growth engine alongside its established automotive wheel business, with customer validation of aluminium chamber components now under way. The Taiwanese aluminium manufacturer reported...
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As technology advances rapidly, industries globally, including the aluminium industry, are undergoing significant transformations. Artificial Intelligence (AI) is an emerging technology and a game-changer for numerous sectors, including aluminium and the deep-down aluminium extrusion segment. AI's...
Kaiser Aluminum Corporation, an American aluminium producer, has reportedly confirmed the permanent closing of its Sherman facility this summer. The news followed a statement from Kaiser Aluminum representative Anne McGuinness that stated the decision was due to business challenges at the Sherman...
Under the dynamic leadership of Governor Mai Mala Buni, the Yobe State government has embarked on a mission to rejuvenate vital industries within the state. His recent announcement of the reactivation of key sectors such as the Sahel Aluminium Company, Yobe Flour and Feed Mills Company, and the...
Uno Minda, a prominent player in India's automotive industry, has recently inked a pivotal Technical License Agreement (TLA) with Suzhou lnovance Automotive Co. of China (lnovance Automotive). This strategic move is set to revolutionise Uno Minda's presence in the electric vehicle (EV) sector...
MAAN Aluminium Limited, a leading aluminium extrusion brand, released its quarterly financial results ended March 31, 2024, reporting a year-on-year 9.69 per cent decline in net sales from INR 262.87 crore to INR 237.40 per tonne. However, on a quarter-on-quarter calculation, MAAN Aluminium’s net...
On May 23, the National Power Investment Corporation hosted the "World Class" Aluminum Industry Construction Symposium in Xilin Gol League, Inner Mongolia Autonomous Region. The event was attended by officials from the State Power Investment Corporation (SPIC). Other important delegates, such as...
GO2 Partners, a leading supplier of products and services for metals and heavy industrial manufacturers, was recently awarded a new patent by the United States Patent and Trademark Office. The patent reflects the innovation that the experts at GO2 Partners bring to asset and materials tracking...
On June 5, 2024, Novelis announced that it deferred the initial public offering due to market conditions for an indefinite time. It said the company would evaluate the situation and decide on a suitable time for rolling out the offering. According to a report last week, Novelis was targeting to...
Metal Exchange (MX), a global leader in the purchasing, processing, and supply chain of aluminum materials and value-added products, is pleased to announce that Boris Santosi is joining the organization as Managing Director of Metal Exchange International (MEI). From the company’s Zürich office,...
The German aluminium industry is navigating turbulent waters as it grapples with significant production declines across nearly all subsectors in the first quarter of 2024. This downturn exacerbates the pressure from increasing imports, posing additional challenges for domestic manufacturers, as...
Norsk Hydro, a Norwegian aluminium and renewable energy company, emphasises the importance of transparency regarding the environmental impact of the materials and products it offers to its customers and partners. To support this commitment, Hydro has released environmental data for 22 manufacturing...
South Korea's factory activity saw its most significant expansion in two years this May, driven by robust growth in both output and orders, fuelled by increasing global demand. According to the latest private-sector survey, the purchasing managers index (PMI) for the manufacturing sector in Asia's...
RHB Retail Research has indicated that LB Aluminium Bhd, headquartered in Malaysia, has grown to be one of Asia's largest aluminium extrusion manufacturers and is on track for an upward trajectory after rebounding from its support level. The stock is on track for an upward trajectory after...
Hindalco Industries Limited has awarded a new contract to Tenova for the supply of a state-of-the-art Roll Grinder. This sophisticated machinery, produced by Pomini Tenova, is destined for Hindalco’s renowned Renukoot aluminium plant in Uttar Pradesh, India. The roll grinder will enhance the...
In a significant move to solidify its position in Asia's burgeoning electrification market, a global leader in aluminium rolling and recycling in selected niches, Gränges has announced extending its long-term strategic partnership with Shandong Innovation Group (SIG). This collaboration aims to...
There is a universal truth in business and life, "To stand still is to fall behind." This rings especially true for Beymetal Alüminyum, a dynamic player in the aluminium extrusion industry based in Türkiye. Recently, the company encountered limitations with an outdated gas nitriding furnace and saw...
In a move towards zero emissions, Hydro Extrusion in Sweden has commenced on-site renewable energy production. The ultimate goal is fully transitioning to 100 per cent locally produced renewable energy for operating Hydro's extrusion plants in Vetlanda and Finspång. The main aim is to extrude...
Welsh fabricator Dudley’s Aluminium has begun a prestigious project to construct a state-of-the-art joint education campus in Fairwater. Collaborating with ISG Construction Ltd., Dudley’s will bring to life three newly build schools—Cantonian High School, Riverbank School, and Woodlands High...
