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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Kaiser Aluminium reports higher net income and EBITDA margin for full year 2016
<p>California’s semi-fabricated aluminium maker Kaiser Aluminium has announced its fourth quarter and full year 2016 result posting better numbers for both the periods. The 2016 report states net sales of $332 million in 4<sup>th</sup> quarter, slightly up quarter-on-quarter from last...
California Company supplies high-quality aluminium machine parts for BMW R nine T
<p>BMW Motorrad, the German luxury motorcycle manufacturer, shows-off machined parts produced in high-quality aluminium for the R nine T range. BMW Motorrad offers machined parts for their R nineT, Pure, Scrambler, Racer and Urban G/S.</p> <p><img style="vertical-align: middle; display: block;...
Higher alumina prices could dent Century Aluminum’s Q4 2016 results
<p>Century Aluminum is projected to post profits in its fourth quarter of 2016 fiscal year. According to the consensus estimates compiled by Thompson Reuters, analysts expect the North American primary aluminium producer to post adjusted earnings before interest, tax, deductions and amortization...
U.S. and Canada’s shipments of sheet, foil and can stock improve in January 2017
<p>According to the monthly aluminium highlights published by Aluminum Association, U.S. and Canadian producers shipped estimated 343.8million pounds of can stock during January 2017, registering rise of 3.1 per cent YOY. Month on month, shipments increased 9.1 per cent. Revised shipments for the...
Bonnell Aluminum acquires aluminium extrusion company in Utah
<p>William L. Bonnell Co. Inc. or Bonnell Aluminum, a subsidiary of Tredegar Corp. has recently completed its acquisition of Utah-based Futura Industries Corp, a press statement from the group has confirmed. For more than 60 years, Bonnell Aluminum has built a reputation as one of North America''s...
Week in Review: A quick recapitulation of headlines from the downstream aluminium industry
<p>The downstream aluminium industry has seen a lot of development in the last week. AlCircle wraps up the downstream products vertical covering general, market, project and technology segments. Here’s a sneak peek into some of the top stories of the week gone by:<br /><br...
North American aluminium scrap prices see no change on Index 15th Feb, 2017
<p>The North American Aluminum scrap prices remained unchanged on ScrapMonster Price Index as on February 15th, Wednesday.<br /><br />1100 Scrap prices remained flat over the day. The prices of 3003 Scrap too were flat at $0.64 per Lb. The prices of 356 Aluminum Wheels and 6063 Extrusions/Fe...
Cast aluminium segment took the largest share of 2016 automotive aluminium market
<p>A recent report from ReportLinker has projected that the automotive aluminium market would grow at a CAGR of 8.8% from 2016 to 2026, in terms of value.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;"...
Arconic monetizes majority of stake in Alcoa Corporation
<p>Arconic Inc. today announced that it has monetized more than 60 percent of the 36,311,767 shares it retained in Alcoa Corporation. The sale of 23,353,000 Alcoa Corporation shares will result in approximately $890 million in proceeds.<br /><br /><img style="vertical-align: middle; display: block;...
Data shows a drop in aluminium scrap export by the U.S. in 2016
<p>USA is the world’s largest aluminium scrap exporter. Being a country with one of the highest GDPs, the country consumes significant amount of aluminium can and other aluminium foil packaging that generates large amount of scrap along with e-scraps. The category ranked No. 154 through...
Aluminium ingot, scrap and mill products import into the U.S. and Canada up 70% in December
<p>Imports of aluminium ingot, scrap and mill products into the U.S. and Canada stand at 702 million pounds in December 2016, up 70% YOY. Exports Including scrap, which accounted for roughly 50.8% reported aluminium exports in December, stands at 472 million pounds, down 7.3% YOY and...
SCL to invest in an aluminium die-casting plant at South Carolina
<p>An Indian manufacturing company is planning to invest about USD 50 million to build a facility in South Carolina that will create over one hundred new jobs. This will be the first American unit of Sundaram-Clayton Limited (SCL) spread across 50 acres of land in the Ridgeville Industrial...
Hindalco surges on strong show from Novelis in December quarter
<p>Hindalco shares surged over 3 per cent to an intraday high of INR 192.25 on Wednesday after its US subsidiary Novelis reported strong earnings for the October to December quarter. Novelis contributes more than half of Hindalco's operating profit. Atlanta-based Novelis said its adjusted net...
Automotive solutions segment drives Exco Technologies' Q4 2016 sales up 17% YoY
<p>Ontario, Canada based Exco Technologies has reported a quarterly Earnings Per Share of $0.27 in its recently held 2016 annual meeting of shareholders. A total of 24,407,453 common shares or 57.33 per cent of the issued and outstanding common shares were voted in connection with the meeting, Exco...
IAI introduces web-based tool to visualise aluminium value chain
<p>The International Aluminium Institute (IAI), the global association of aluminium producers, has introduced a new web-based tool at the 14th International Aluminium Recycling Congress in Manchester, UK, that helps the user to know aluminium value chain from bauxite to aluminium scrap, including...
Texas based architecture firm creates an aluminium “Selfie Wall”
<p>Texas based AGENCY Architecture has created an aluminium Selfie Wall on the border between Mexico and the United States. AGENCY has been in the practice of engaging contemporary culture through architecture, urbanism, and advocacy since its inception.</p> <p><img style="vertical-align: middle;...
Producer shipments of aluminium ingots in U.S. and Canada up 5.8% in 2016
<p>According to Aluminium Highlights published by the Aluminum Association, domestic U.S. and Canadian producers shipped an estimated 1,712 million pounds of aluminium (including export) during December 2016. It registers a 1.9% drop from the December 2015 total of 1,746 million pounds.</p> <p><img...
NY City to experience first Citywide Ferry service, thanks to aluminium’s enduring role
<p>In June 2017, New York City is going to witness the most anticipated ferry service the city has ever seen in a century and the credit goes to aluminium.</p> <p>Manhattan is an island and the New York City’s five boroughs all sit on rivers- ferries have always been important in...
