China aluminium ingot inventory falls to 850,000 tonnes as expected at end-August; what is the September destocking outlook?
Inventory overview: 850,000 tonnes arrives as expected; destocking pace slows marginally China’s aluminium ingot social inventory fell steadily from a phase high of 1.13 million tonnes in early July, with destocking of more than 170,000 tonnes in July alone. In August, the pace of destocking slowed...
Aluminium billet inventory drops to 139,500 tonnes, warehouse withdrawals recover, processing fees under pressure across the board
Aluminium billet inventory fell to 139,500 tonnes, warehouse withdrawals recovered and processing fees were broadly under pressure. According to SMM statistics, China's aluminium billet inventory in major consumption areas recorded 139,500 tonnes on August 27, down 5,000 tonnes from last Monday and...
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Downstream units 'crucial for aluminium sector,' said EGA officials at Arabal 2015
Development of the downstream aluminium industries in the region will have positive implications for the aluminium sector as a whole, said a senior Emirates Global Aluminium (EGA) official. Abdulla Jassem bin Kalban, managing director and CEO at EGA, was speaking at the annual Arab International...
Barstow city to get an aluminium remelt and casting plant soon
The city of Barstow will soon receive the promised aluminium remelt and casting house although in a much smaller scale, a city official revealed last week. Last March a megaproject was approved by the City Council, with a manufacturing complex of 3 million square-feet, costing $1.5 billion and the...
Vista Metals continues to grow
Vista Metals of Adairsville with a corporate headquarters in California was created in 2009 to meet the growing demands of an aircraft industry customer in North Georgia and is ready to take a significant expansion on line within the next week. Vista produces aluminum billets and delicate, hard...
Dip in construction cuts demand for billets and pushes ingot production
China’s slowdown in construction has affected the aluminium market forcing the smelters to produce more ingots for domestic spot markets moving away from the construction-friendly billets. The construction of new building has dipped 9.3 percent in the first nine months of this year when compared to...
Novelis announces closure of Ouro Preto aluminum smelter to focus Brazilian Operations on core rolled products business
Novelis, the global leader in aluminum rolling and recycling, announced today that consistent with its corporate strategy it will focus its operations in Brazil on its core business of aluminum rolling and recycling. As a result, it will cease operations at its Ouro Preto, Minas Gerais, primary...
Bullish view on aluminium price recovery proves beneficial for Press Metal
It is the time for Press Metal Bhd (Press Metal) to shine as analysts expect the group to ride on aluminium price recovery and margin expansion in its Manufacturing and Trading (M&T) to drive earnings growth. According to the research arm of Kenanga Investment Bank Bhd (Kenanga Research), it holds...
UC RUSAL to invest USD45 million in new casting line at the Krasnoyarsk aluminium smelter
UC RUSAL, a leading global aluminium producer, announces that it has begun initial design work on a project to build a new casting line at the Krasnoyarsk aluminium smelter (“KrAZ”). The project is part of the Company’s strategy to increase the share of alloys in total aluminium output. Completion...
Hindalco Industries orders continuous homogenizing and sawing plant
Hindalco Industries, based in Madhya Pradesh/India, has placed an order with Hertwich Engineering for a continuous homogenizing and sawing plant for extrusion billet. With the continuous homogenizing plant, perfectly uniform metallurgical properties of all billets are achieved due to precise and...
Getec Industrial announces turnkey services for aluminum extrusion heat sinks
Getec Industrial announces the Getec Advantage with aluminum extrusion heat sink turnkey services. As a thermal management solutions company, Getec is dedicated to quality turnkey manufacturing. Getec recently launched an aluminum billet casting division, which is another example of their unique...
Dubai Aluminium orders two ultrasonic testing devices
Dubai Aluminium (DUBAL) based in the United Arab Emirates has awarded Hertwich Engineering, Austria, with the supply of two helical ultrasonic testing devices for its casthouses. The new equipment will raise the capacity of DUBAL’s testing facilities to ensure good product quality and to manage...
Chinese aluminum billet drops 4.5% after flat spell
Weakening prices ended a three-day flat streak as the price of Chinese aluminum billet fell 4.5 percent on Wednesday, January 15. The cash price of Chinese aluminum reached a 30-day low after decreasing 2.9 percent. The price of Chinese aluminum bar saw essentially no change for the fifth day in a...
Wagstaff Inc.to commission its 1000th billet casting system in 2014
In spring 2014, Wagstaff Inc. will commission its 1000th billet casting system. The system will be delivered to the Steinacher Group from Austria – the largest privately owned Aluminium remelt producer in Europe. The multi-strand casting system, equipped with Wagstaff AirSlip Billet Casting...
2014 downstream aluminium contracts
While primary aluminium supply contracts have been warped by high premiums over the past two years, downstream aluminium product contracts are still more tied to their market’s fundamentals. Primary buyers have had to contend with new types of contract as premiums are now a much larger part of the...
State approves tax credits to Matalco Inc.as it considers Lordstown plant
The Ohio Job Creation Tax Credit Authority on Monday approved tax credits for a Canadian-based company that is considering constructing a facility at the Ohio Commerce Center in Lordstown. Matalco Inc., a company that makes aluminum billets for the aluminum extrusion industry, was approved for a 50...
BNZ Materials, Inc. Launches Marinite CF for the Aluminum Industry
BNZ Materials, Inc. introduces Marinite CF, a carbon reinforced non-wetting calcium silicate insulating board that is used within the aluminum industry for transition plates and billet casting. Manufactured with today's modern casting technology in mind, Marinite CF transition plates have been...
China Aluminum up in Base Metal Market
Following a three-day flat streak, the price of Chinese aluminum bar climbed by 1.1 percent on Tuesday, August 6. After two changeless days, the cash price of Chinese aluminum fell 0.2 percent. The price of Chinese aluminum billet saw essentially no change for the fifth day in a row. The price of...
Chinese Aluminum Price Improves, LME Declines on Daily Index
On Friday, July 19, the day’s biggest mover was the cash price of primary Indian aluminum, which saw a 1.3 percent increase. On the LME, the primary aluminum cash price declined 1.1 percent to $1,753 per metric ton. On the LME, the aluminum 3-month price fell 1.1 percent to $1,797 per metric ton....
Pennex Aluminum opens new aluminum plant in Greenville, USA
For the second time this week, officials with a major manufacturing business cut the ribbon on a new facility in Mercer County. On Friday morning, officials with Pennex Aluminum officially celebrated taking over part of the old Werner Ladder building in Greenville. The aluminum casting facility has...
