Vedanta's ₹210b metals push targets India's EV and critical minerals demand
Vedanta is expanding aluminium, copper and other metals capacity as electric mobility and India's demand for critical minerals reshape the domestic materials market. Vedanta Group is putting INR 210 billion (USD 2.21 billion) into metals production and capacity through FY2026, building a broader...
CFMoto’s 2027 Ibex 800 E combines aluminium components with radar safety technology
CFMoto's 2027 Ibex 800 E combines an aluminium swingarm and forged aluminium pistons with radar-based safety technology, while starting at USD 9,799 in the US. The Ibex also comes with an 8-inch touchscreen, adjustable KYB suspension and several touring features as standard. The Ibex 800 E comes...
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Alcoa eyes growth in 2012
Alcoa (AA 0.00%) is a business that is highly susceptible to global economic conditions. Decline in aluminum demand led to a fall in spot prices in the fourth quarter of 2011. Consequently, the market has been quite harsh on the company's stock, pushing it down into single digits. We have taken...
SEI to open new bare copper wire and aluminum bar plant in Thailand
Sumitomo Electric Industries announced the firm establishes a new plant in Thailand to manufacture bare copper wire for conductor and aluminum bar for automotive component. SEI will establish the wholly owned subsidiary with capital fund at THB 1.11 billion in February 2012 and start the operation...
Secondary aluminum alloy market on verge of growth: Spectro VP
North American secondary aluminum demand will grow over the next few years as diecasters are expected to need more of this product for automotive parts, Gary Borner, vice president of secondary aluminum producer Spectro Alloys, said Tuesday. Diecasting shipments are forecast to grow by 8% and...
Significant aluminum growth forecast for vehicle production: ATG
Aluminum use in each vehicle in North America is expected to grow to 400 lbs in 2015 from 343 lbs in 2012, Brad Soultz, vice president and general manager of Novelis, said Monday at the Platts Aluminum Symposium in Fort Lauderdale, Florida, on behalf of the Aluminum Transportation Group. It is...
Liyuan Aluminum plans private placement
nbd.com citing a company filing reported that Jinlin Liyuan Aluminum a maker of aluminum extrusion products, plans to issue a maximum of 72.8 million shares at CNY 17.50 per share in order to raise up to CNY 1.5 billion. Proceeds raised will be used to diversify the product mix and implement its...
Liyuan Aluminum Plans 1.5B Yuan Private Placement
Jinlin Liyuan Aluminum (002501), a maker of aluminum extrusion products, plans to issue a maximum of 72.8 million shares at 17.50 yuan per share in order to raise up to 1.5 billion yuan, reports nbd.com, citing a company filing. Proceeds raised will be used to diversify the product mix, and...
China Automobile Sales Declines Can Influence Aluminium
Aluminium that is majorly used in Automobiles can be influenced by ordinary China automobile numbers. Recently, statistics from China Association of Automobile Manufacturers showed that the automobile sales were down by 7.3% in October 2011 compared with September 2011. The automobile sales were...
ALCHA Plans to Build 200 thousand tons Aluminum Plate Project
ALCHA (002160) has signed the cooperation letter of intent with KOBELCO plans to build a JV in Baotou City with 2 billion yuan registered capital and 3.3 billion yuan for the investment of equipments, while 20% and 80% shares for ALCHA and KOBELCO respectively. The JV mainly produce and sell...
Alcoa taps OSU in drive for lighter auto body
Plenty of college campuses do their part to lighten metal vessels — especially during tailgate season. The effort at Ohio State University, however, is creating a different kind of buzz. OSU is one of just two U.S. schools — the other is the University of Michigan — to share in a two-year,...
China Auto Sales Decline 2.4% In November
Already troubled Aluminium markets due to rise of inventories will find tough to maintain a stable trend after the news that China auto sales declined by 2.4% in the month of November. China produced a total of 1695000 vehicles in November and sold a total of 1656000 vehicles. The first 11 months...
Aluminum forging plant in China to increase production capacity
Kobe Steel, Ltd. plans to increase the production capacity of its subsidiary in China that makes aluminum forgings for automotive suspensions. Kobe Steel will install an additional forging press, as well as newly construct melting and casting equipment at Kobe Aluminum Automotive Products (China)...
Taweelah plans $200m aluminium plant in Abu Dhabi
Taweelah Extrusion Co (Talex) said on Wednesday it was setting up an extrusion products plant at Abu Dhabi's new industrial zone with an investment outlay of AED735m ($200m), as the oil-rich emirate works to diversify its economy. Talex, a joint venture between state-owned Abu Dhabi Basic...
Expansion plans in rolling mills and strategic automotive capacity - Novelis
Through Novelis, Hindalco is trying to capture the upstream market of value added aluminium products such as beverage cans. Novelis also makes aluminium for cars. Novelis plans to invest between $500-600 million (roughly Rs 3,120 crore) in its global expansion plans in the current year. Most of...
JENSEN: The Interceptor returns
AN all-new Jensen Interceptor will be launched next year, after CPP Global Holdings was appointed to engineer, develop and build the new car by the brand’s owners, Healey Sports Cars Switzerland Ltd (HSCS). CPP, the British specialist automotive group, will finalise the new car’s development in...
Novelis qualifies Rusal aluminium alloys for car body production
Rolling aluminium billets produced at Russian aluminium producer Rusal's smelters have been successfully qualified by Novelis, the world's largest producer of aluminium rolled products, Rusal said Wednesday. Rusal is also working on qualification of its products by auto manufacturers BMW and...
Group Calls for Vehicle Emissions Standards that Examine Lifecycle Costs
The World Steel Association said Nov. 30 global policymakers should take into account the release of all greenhouse gasses throughout a vehicle's lifecycle, including materials production, when drafting auto emissions standards. The association's request comes as diplomats convene in Durban, South...
Mercedes SL (2012): aluminium saves 8% weight
Mercedes' new 2012 SL will weigh a solid 140kg less than today's SL roadster - a significant saving of some 8%. This crash diet has been enabled by the adoption of aluminium for the new SL. The learnings from the SLS gullwing are now trickling down to the higher-volume SL, which will be revealed in...
Analysis of the Brazil Aluminium Sector
Brazil is emerging as one of the fastest growing aluminium markets in the world due to its rapidly developing economy and strong raw material base. The country has witnessed a continuous rise in the demand and import of aluminium. Consequently, the country's aluminium consumption has gone up by 8%...
