US industrial policy needs to be systematic, not just ad hoc – Part 2
Our current approach can win economic skirmishes, but not the geopolitical conflict. – Part 2 Impact #5 of ad hoc industrial policy: Failing to use all required tools Industrial policy is often caricatured as just tariffs and subsidies. Mis-framed debates that evaluate the merits of tariffs in...
US industrial policy needs to be systematic, not just ad hoc – Part 1
Our current approach can win economic skirmishes, but not the geopolitical conflict. – Part 1 After decades during which the very concept was taboo and the reality swept under the rug, the US has now rediscovered industrial policy. But this rediscovery remains incomplete, as too much of it is...
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"We’re focused … to ensure a level playing field where all global aluminum producers can compete in a fair and open market." Heidi Brock, President & CEO, The Aluminum Association, USA
The Aluminum Association is the leading voice for aluminum industry in Washington, DC that promotes the production and use of aluminum as the sustainable material of choice. The Association provides global standards, industry statistics and expert knowledge to its members and policy makers....
Copper and aluminium battle it out for Chinese grid tenders
China’s copper and aluminium industries are battling it out to secure lucrative tenders to wire up the country’s growing cities amid waning demand for the metals. The rout in commodities has seen copper and aluminium prices drop by about 20 per cent since the beginning of the year on the back of...
Century Aluminum to retain 250 workers at its Hawesville Smelter
Century Aluminum says about 250 employees will remain working at its Hawesville Smelter in western Kentucky. The Messenger-Inquirer reports in a statement Wednesday, the company said that the plant will continue operating at about 40 percent capacity after October 24. Company officials had...
Latin American mining equipment market to witness growth over 2014-2020
The global mining industry is expected to witness growth with a single digit CAGR over the next six years on account of the further expanding demand for metal and mineral commodities. In a recently published market report on global mining equipment market, Latin America has been identified as the...
China primary aluminum imports surged 40.65% MoM in August
China’s primary aluminum imports surged 40.65% MoM to 21,800 mt in August, customs data showed. The average SHFE/LME aluminum price ratio rose 3.91% MoM to 7.62 in August, favorable for imports. Aluminum premiums in Asia held largely steady around USD 100/mt in August. In August, primary aluminum...
Norsk Hydro split-up seen as likely following Alcoa's separation
Norsk Hydro ASA, Europe’s third largest aluminum producer, is likely to follow its larger competitor Alcoa Inc. in splitting itself to better cope with a slump in the aluminum market, according to an analyst at Norway’s Fondsfinans AS. It’s “just a matter of time” but Hydro is “not known as a fast...
Aluminium sinks to one-month lows ahead of China data
Aluminium slid to one month lows on Monday, September 29 on worries about upcoming data that may show weak industrial activity in top metals consumer China. Data on October 1, Thursday is likely to show that China's giant factory sector shrank for the second month in a row in September. "The market...
Century Aluminum hit badly by severely weakened metal market
Century Aluminium is all set for large-scale cost reduction; and this includes plans of huge layoffs at the company's Hawesville, Kentucky plant location- a decision likely to affect as many as 600 employees, if not more. The layoffs, made inevitable by the highly volatile metal market condition,...
YTD Aluminum exports from the US and Canada slumped: Aluminum Association
The Aluminum exports from the US and Canada declined sharply by 23.5% during the initial seven-month period of the year. The exports totaled 1.671 billion lb during this period. Meantime, imports surged higher by 19.3% year-on-year to 3.563 million lb. The above figures are in accordance with the...
Primary Aluminum market in deficit during Jan - July 2015: WBMS
The latest report published by the World Bureau of Metal Statistics (WBMS) indicates that global primary aluminum market has recorded a deficit during the initial seven months of the year. As per the report, the market reported a deficit of 487,000 tons when matched with the deficit of 754,000...
Aluminium systems market to be valued at $147.13 billion by 2020
In a recently published market research report, it is projected the global market for aluminium will grow at a CAGR (compound annual growth rate) of 5.65% from 2015 to 2020, to reach USD 147.13 billion by 2020. As per the report, rising demand for aluminium in emerging economies will be the main...
Top African beverage can producer targets 100% market share
The Johannesburg-based Nampak Ltd., Africa’s largest maker of beverage cans, said it is considering an expansion to a drinks container plant in Angola as part of a program to generate more income outside its domestic market. In its new plan, the company is targeting 100 percent market share in...
China demand slowdown hurts Noranda Aluminium, stock plunges
Noranda Aluminum Holding Corporation was one of the biggest decliners in trade yesterday September 23. The stock plummeted by close to 14 percent on the back of 3 times the daily average volumes which is a bearish signal. The sell off on the back of above average volumes is a clear indication of...
Aluminum demand to rise to 78 mt by 2025 -Rio Tinto
Global demand for aluminum will rise by 24 million tonnes to 78 million tonnes annually by 2025, said Alfredo Barrios, Rio Tinto's Chief Executive for aluminum, at an industry conference in Vancouver on September 22, Tuesday, though market fundamentals will continue to force further capacity...
Non-regulated power players in India oppose e-auction of coal linkages
Players from the non-regulated sectors in India including cement, iron and steel, sponge iron, aluminium and fertiilisers have objected to the Centre's move to introduce auction for coal linkages. They have appealed to the Centre not to shift in haste to Supplier Controlled Ascending Market...
Aluminium falls by 0.4% on global cues
Aluminium prices were down 0.38% to INR 106.15 per kg in futures trade today as investors offloaded positions amid weak global cues and muted demand at spot markets. At the Multi Commodity Exchange, aluminium for delivery in current month eased by 40 paise, or 0.38%, to INR 106.15 per kg in a...
Alba conducts ‘Market Downturn’ workshop for management
Aluminium Bahrain B.S.C (Alba), one of the world’s leading aluminium smelters, held a special workshop - ‘Market Downturn’ for its Executives, Directors and Managers on Wednesday, September 16, 2015 at the Oasis Hall. The ‘Market Downturn’ workshop, led by Alba’s Chief Executive Officer, Tim...
Buoyant doors and windows market to drive demand for aluminium fenestration products
According to a recently published market research report, the demand for doors and windows in the global housing market will increase at the rate of six percent approximately through 2019- a deceleration from the growth rate recorded in the 2009-2014 period. Value-wise the market size will cross...
