Aluminium prices drift higher as September peak season operations recover amid low inventory
Futures: The most-traded SHFE aluminium contract opened at RMB 24,400 per tonne in the night session on September 7, reached a high of RMB 24,470 per tonne and a low of RMB 24,335 per tonne, and closed at RMB 24,450 per tonne, up 30 from the previous close, a gain of 0.12 per cent. Prices traded...
Alcoa’s 16kg aluminium wheel could change fleet efficiency equation
A truck’s overall weight comes from dozens of components, including the engine, chassis, tyres, etc. Wheels are one area where fleets can explore lightweighting. Traditional steel wheels, widely used across the transport industry, are known for their robustness. Forged Alcoa aluminium wheels offer...
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European aluminum alloy shows signs of more interest, prices stable
Spot inquiries picked up slightly in the European aluminum alloy market this week as the summer vacation period began to draw to a close. "The market was OK this week, we had some inquiries where we were able to book some quantities. It was better than last week," said one producer, adding that the...
Midas net profit jumps up to RMB14.9m
Midas Holdings Limited reported net profit attributable to equity holders of RMB14.9 million for the three months ended June 30, 2013 , from RMB1.6 million for the corresponding financial period. Group revenue rose 29.2% from RMB219.8 million for 2Q2012 to RMB284.0 million for 2Q2013. The Group’s...
French secondary aluminum producer Affinage applies for insolvency
Oetinger's French subsidiary, Affinage de Lorraine, located at Gorcy, also applied for insolvency July 30, legal firm Kebekus and Zimmermann, which is acting as temporary insolvency administrators for Oetinger, told Platts in an email this week. Affinage, which produces about 50,000 mt/year of...
Research facility at Brunel University to deliver new manufacturing methods for UK car makers
Car makers in Britain will be the first to benefit from revolutionary new metal casting techniques developed at Brunel University in London, thanks to a Government-supported programme to take laboratory discoveries and upscale them for industry. The £14 million Advanced Metal Casting Centre (AMCC)...
Kaiser sees strong demand from the automotive and aerospace sectors
Kaiser Aluminum Corp. will continue to boost capacity as it looks to seize expected growth in the automotive and aerospace sectors, Kaiser chairman, president and chief executive officer Jack Hockema said during a conference call July 25. The Foothill Ranch, Calif.-based aluminum company can, for...
ADC12 trades in China steady, but showing signs of slowing dow
Trading for China's domestic spot aluminum alloy ADC12 generally held fairly steady though there were signs of a slowdown on the back of the seasonal summer lull, industry sources said Tuesday. Despite of the weaker aluminum ingot prices, spot domestic offers for the aluminum alloy ADC12 stayed...
Government plans grand design for Kuala Tanjung beyond Inalum
After three decades of business contracts, Indonesia has finally taken a bold stance to fully take over the operation of Indonesia Asahan Aluminium (Inalum), which operates the only aluminum smelter in Southeast Asia from Japanese consortium Nippon Asahan Aluminium (NAA) later this year. The move...
Japan Kyowa Casting's Thai aluminum plant starts regular production
Japanese diecaster Kyowa Casting's first overseas plant in Thailand is producing at a rate of 150 mt/month, 14 months after it was started up in May 2012, company president Tatsuhiro Ii said Tuesday. "The Thai plant when running fully will output 300-400 mt/month. The plant has more room for...
Inner Mongolia first machinery to complete aluminium alloy plant by Dec.
Inner Mongolia First Machinery Group is scheduled to complete an aluminium alloy plant by this year’s end, setting the trend of more such facilities being built in the region. The plant, with a capacity of 4,100 tpy and an investment of 300 million yuan ($48.6 million), will produce aluminum alloys...
European spot offers of aluminum alloy push higher on further insolvency rumors
Spot offers of aluminum alloy in Europe have pushed higher this week as rumors of additional insolvencies continued to circulate in the market. Prices for commodity grade standard 226 aluminum alloy have risen by around Eur80-100/mt ($105-131/mt) in Germany, Europe's key market, since news that a...
European aluminum alloy spot demand slow, prices inch higher
Spot demand for secondary aluminum in Europe was seasonably low this week as inquiries slowed ahead of the summer vacations and manufacturing turnarounds. Prices in Europe have firmed slightly, consolidating the move higher after a major German alloy producer, Oetinger, filed for insolvency June...
Midas wins RMB44.3 million Metro contract from CNR Changchun
Midas Holdings Limited has announced that its subsidiary, Jilin Midas Aluminium Industries Co., Ltd has won a RMB44.3 million contract from CNR Changchun Railway Vehicles Co., Ltd for Changchun Metro Lines 1 and 2. Under the terms of the contract, Jilin Midas will supply aluminium alloy extrusion...
Top 40 Chinese aluminum alloy wheel exporters in May
The number of Chinese aluminum alloy wheel exporters was 678 during the first five months of this year. Export value at top 40 exporters hit USD 1.13 billion, accounting for 81.8% of total export value. China exported 59,800 mt of aluminum alloy wheels in May, which are worth USD 298 million, with...
A356 alloy demand falls in June
SMM survey found that A356 alloy output at surveyed producers in June fell 2,000 mt from May due to mainly production cuts at some producers. The operating rate was also down 1.04% MoM to 55.70%. On the supply side, some aluminum smelters in Zhejiang and Henan cut production and some others...
Experts allay fears of aluminium demand fall for carbon composites
A report by Reuters suggested that aluminium is still the material of choice for the aerospace industry despite the introduction (and use) of carbon composites, particularly on new-generation wide-bodied airliners. With the light metal’s percentage share of the aerospace market estimated to grow by...
Aluminium makers fight plastic planes with new alloys
Metal is staging a comeback, at least in the aerospace world, where aluminium has been challenged by newfangled carbon-composites in the industry's perpetual war on weight. As plane makers showed off their latest carbon-plastic jetliners at the Paris Airshow this week, metal firms lobbied hard for...
Alcoa completes capacity upgrades for 3rd gen aluminium/lithium alloys
Alcoa has announced completion of the second-phase expansion of aluminium/lithium alloy capacity at its Kitts Green facility, in the UK, to better serve the growing demand for the company’s third-generation aluminium/lithium alloys. The company on Tuesday said it expected aluminium/lithium revenues...
S Korea's Hyundai Motor to boost vehicle output in Q3 to recover strike losses
South Korea's largest automaker Hyundai Motor plans to boost vehicle production in the third quarter to recover production losses resulting from strike action over March-May, industry sources said Tuesday. Workers at Hyundai's Ulsan plant went on strike on weekends from March 9 in a dispute over...
