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...
Can Oklahoma reshape US aluminium supply? EGA’s Ziad Fares explains the project
As the US seeks to rebuild its domestic aluminium production capacity, Emirates Global Aluminium (EGA) and Century Aluminum are advancing plans for a new primary aluminium smelter in Inola, Oklahoma, targeting more than 750,000 tonnes of annual production. In this exclusive conversation with AL...
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Arconic completes Debt-For-Equity exchange of Alcoa Corporation common stock
<p>Arconic Inc. today announced the completion on May 4, 2017 of the exchange of its remaining 12,958,767 shares of common stock of Alcoa Corporation for $428,635,000 aggregate principal amount of Arconic debt held by Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC. The...
Aleris reports 16% EBITDA growth in Q1 2017, positive outlook for Q2
<p>Aleris Corporation reported results for the first quarter ended March 31, 2017. The company reported net loss of $35 million compared to $6 million YoY. Adjusted EBITDA of $52 million was up 16% from $45 million in Q1 2016.</p> <p><img...
U.S. aluminium sector to unite with Britain and EU against China
<p>According to a report by Reuters, the representatives of the U.S. aluminium industry are urging their EU counterparts to take action against “massive illegal subsidies" in China. The industry also wrote to British Prime Minister Theresa May regarding this matter. </p> <p><img...
Chelan PUD Board in talk with Alcoa to restart smelter at Wenatchee
<p>The Chelan County Public Utility District Board of Commissioners is negotiating with Alcoa Corporation in anticipation of reviving a smelter and hundreds of well –paid manufacturing jobs. Commissioners voted in favour of postponing a charge against Alcoa for idling the Colombia River...
ACTC to developed training program for Braidy Industries’ aluminium mill
<p>Ashland Community and Technical College Kentucky will be developing two specialized course programs to train workers for the upcoming aluminum mill by Braidy Industries in South Shore, along the Ohio River. The news came after company and state officials recently announced initial details about...
Aluminium demand in North America up in the first two months of 2017
<p>According to preliminary estimates by the Aluminum Association aluminium demand in the United States and Canada that includes shipments by domestic producers and imports stood at an estimated 2.1 million tons for the first two months of 2017, up 2.0% over the same period of 2016. Demand for...
Eric Roegner named President of Arconic Global Rolled Products
<p>Arconic announced today that Eric Roegner, Chief Operating Officer of Investment Castings, Arconic Titanium and Engineered Products and President of Arconic Defense, has been named President of Arconic Global Rolled Products (GRP), effective immediately. Roegner continues as President of...
US aluminium scrap recovery up 2% in February
<p>According to aluminium recycling statistics published by the U.S. Geological Survey and Department of Interior, the U.S. aluminium industry purchased an estimated 763 million pounds of aluminum scrap during February 2017. This registers about 1.4% increase over the February 2016 total of 753...
Braidy Industries to build US$1.3 million-aluminium rolling plant in Kentucky
<p>The State of Delaware based Braidy Industries has announced a US$1.3 billion investment for a new aluminium rolling mill in Greenup County, Kentucky. The fully integrated facility is expected to be the most technically advanced aluminium rolling mill in the US.</p> <p>Braidy’s...
The Aluminum Association releases 2017 North America aluminum industry plant and press directories
<p>The Aluminum Association released the 2017 edition of the North America Aluminum Industry Plant Directory and the North America Aluminum Industry Extrusion Press Directory. The Plant Directory covers 485 plants while the Extrusion Press Directory covers 204 plants, operating 538 extrusion...
Arconic reports 4.5 % revenue growth in Q1 2017 driven by higher sales volumes
<p>Arconic Inc. reported results for the first quarter 2017, in which the Company reported a revenue growth of 4.5 % YoY, driven by higher volumes across all segments. The impact of higher aluminium prices was offset by Arconic’s ramp down from the North American packaging business at its...
Shipments of aluminium extruded products in North America up in 2017
<p>According to the latest Aluminum Association reports, shipments of Aluminum Extruded Products that includes extruded shapes, pipe & tube, and rod & bar by U.S. and Canadian producers stood at an estimated 471.4 million pounds during March 2017, a rise of 1.6% over the March 2016 revised...
Aluminium can caravans driving business for American craft brewers
<p>More and more beer drinkers in America are shifting to aluminium can from bottles because of its portability and convenience. Aluminium beer cans have slowly created a space among drinkers. Over and above providing ease of use, aluminium cans keep out suds-spoiling light. Aluminium cans...
Matalco to double its remelted aluminium billet output at Ohio plant
<p>Ontario, Canada based remelted aluminium billet manufacturer Matalco Inc. is poised to double output at its new plant in Lordstown, Ohio, reported S&P Global Platts. Production at the plant, which began operations in March, last year, is estimated to reach 200 million pounds by the end...
Arconic postpones annual meeting; willing to nominate two of Elliott's director nominees
<p>Arconic has announced that it is postponing its 2017 Annual Meeting of Shareholders from May 16, 2017 to a date toward the end of May 2017.</p> <p>During the past two weeks, Arconic has been engaged in extensive discussions with Elliott Management Corporation in an effort to resolve the...
PFS indicates 19.4 MT of alumina resources at Potash Ridge’s Blawn Mountain project
<p>Potash Ridge Corporation, a leading producer of potassium sulphate in North America has announced an update to the independent NI 43-101 Prefeasibility Technical Report for its Blawn Mountain Project dated January 18, 2017. </p> <p><img style="vertical-align: middle; display: block;...
PDR Canada designs paintless dent repair tools for aluminium vehicles
<p>PDR Canada, the industry leading repair technology provider for vehicles has launched a new product for paintless dent repair (PDR) on aluminium. The repairing tools use a special coating that doesn’t damage aluminium.</p> <p><img style="vertical-align: middle; display: block; margin-left:...
Market-driven headwinds fail to dampen Kaiser Aluminum’s Q1 2017 performance
<p>A leading producer of fabricated aluminium products for high-strength aerospace and automotive applications, Kaiser Aluminum Corporation, today announced its first quarter 2017 results. The net income rose to US$36 million from US$25 million in Q4 2016 and US$26 million in Q1 2016. Earnings per...
