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Downstream weekly recap: MRC becomes the exclusive aluminium supplier for Lucid Motors in a game-changing 3-year partnership

EDITED BY : 2MINS READ

Maaden Rolling Company (MRC), a subsidiary wholly owned by the Saudi Arabian Mining Company (Maaden), recently forged a three-year supply arrangement with Lucid Motors, a leading electric car manufacturer based in the United States. Alumex PLC, a standout in the realm of aluminium extrusion, commemorated the conclusion of an outstanding 2023 with achievements and successes. On Monday, January 29, Novelis Inc., a global leader in the production of flat-rolled aluminium products and the largest aluminium recycler, disclosed the signing of a fresh agreement with Ardagh Metal Packaging USA Corp. This contract entails Novelis supplying aluminium beverage packaging sheets to the latter.

Downstream weekly recap: MRC becomes the exclusive aluminium supplier for Lucid Motors in a game-changing 3-year partnership

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Maaden Rolling Company (MRC), a wholly-owned subsidiary of the Saudi Arabian Mining Company (Maaden), entered into a three-year supply agreement with Lucid Motors, a prominent US electric car manufacturer.

To know more: https://www.alcircle.com/news/lucid-motors-strikes-a-3-year-deal-with-mrc-for-high-quality-aluminium-sheets-105751

Alumex PLC, a luminary in the world of aluminium extrusion, celebrated the culmination of a stellar 2023 marked by triumphs and victories. The company clinched over 14 prestigious awards in the past year and solidified its role as a pioneer in sculpting the canvas of Sri Lanka's export realm.

To know more: https://www.alcircle.com/news/alumex-capped-off-an-exceptional-2023-with-14-awards-cementing-its-role-as-a-pinnacle-in-aluminium-extrusion-105745

On Monday, January 29, Novelis Inc., the world-leading producer of flat-rolled aluminium products and the largest aluminium recycler, announced that it signed a new contract with Ardagh Metal Packaging USA Corp., under which the former would supply aluminium beverage packaging sheet.

To know more: https://www.alcircle.com/news/novelis-responds-well-to-the-aluminium-packaging-growth-trajectory-in-north-america-signs-yet-another-can-sheet-supplying-contract-105752

Evolution Castings Group, which consists of the Grainger and Worrall group of companies, has recently hired Duncan Eldridge as its new CEO. Eldridge will take up the responsibility of managing the company's day-to-day operations, while Andrew Burn, the Group's current Executive Chairman, will transition to the role of Non-Executive Chairman.

To know more: https://www.alcircle.com/news/evolution-castings-group-announces-new-appointment-duncan-eldridge-as-ceo-105777

According to the data shared by the Japan Aluminium Association, aluminium rolled product shipments in 2023 declined year-on-year by 6.5 per cent, reaching the lowest point in the past 20 years.

To know more: https://www.alcircle.com/news/japans-aluminium-rolled-product-shipments-in-2023-fall-to-a-20-year-low-105762

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