AL Circle Analysis: Import rise meets demand growth on aluminium extrusion chessboard
Aluminium’s downstream trade network is getting more fragmented as import dependence, changing end-use demand and trade-policy interventions reshape regional markets. From North America and Europe to Asia-Pacific, the aluminium industry is navigating a market where access to supply, competitive...
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...
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North American Aluminum scrap prices held steady
The North American Aluminum scrap prices remained unchanged on ScrapMonster Price Index as on May 30th, Monday. 1100 Scrap prices remained flat over the day. The prices of 3003 Scrap too were flat at $0.59 per Lb. The prices of 356 Aluminum Wheels and 6063 Extrusions/Fe too were unchanged. The...
HELUKABEL to showcase medium-voltage and fiber-optic cable solutions at WINDPOWER 2016
HELUKABEL, a leading cable manufacturer, will be highlighting its medium-voltage aluminum and fiber-optic cable capabilities at WINDPOWER 2016 being held in New Orleans, LA on May 23 to 26. This show brings together wind industry innovators, thought leaders, and policy makers from all over the...
Paradice Investment Management buys $42.2 Million stake in Kaiser Aluminum Corp.
Paradice Investment Management scooped up 27,857 additional shares in Kaiser Aluminum Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 488,331 shares of Kaiser Aluminum Corp. which...
Alcoa schedules more plant layoffs
Another wave of layoffs was announced at the Alcoa Point Comfort plant this week after the company initially hit the brakes on production in November. Notices were given to employees this week at the Point Comfort plant that detailed when the latest round of layoffs will begin. An estimated 60...
US, Canada aluminium exports shoot up during Jan-March
Exports of aluminium from the US and Canada, excluding cross-border trade, totalled 762 million lb through the first three months of 2016, up 9.3 per cent from the year-ago period, while aluminium imports totalled 1.685 billion lb, up 11.6 per cent, as per the latest figures from the Aluminum...
Detroit aluminium pile that rattled beer makers is vanishing
A mountain of aluminium that upset beer makers and drew the attention of the U.S. Senate is no more. Inventories held in London Metal Exchange-tracked warehouses in Detroit, where most U.S. metal is stored, were as large as 1.6 million metric tons two years ago. Now they’re a fraction of that...
USGS: Recovery of aluminium from scrap up 0.9% YTD in Feb 2016
The Aluminum Association publishes the most recent release of the U.S. Geological Survey‘s Aluminum Mineral Industry Survey. Data provided below was included in the May 4th release (February data): New can stock (class) scrap receipts totalled 54.8 million pounds during April 2016, a rise of...
America’s most sustainable building for 2016 owes its performance to aluminium reflecting panels
A joint project by America’s SERA Architects and Cutler Anderson Architects in association has earned the nation’s highest accolade for sustainability in the built environment, thanks to the use of aluminium reflecting panels and other "green" components and technologies. The architects’ renovation...
Novelis expanding in Ontario, US as demand for aluminium grows
Novelis, Inc, a world leader in rolled aluminium products, is expanding its plant in lake Ontario, in upstate New York, in a move that could create about 250 jobs over the next four years. The expansion is due to rising demand for aluminium in the auto industry as the popularity of the lightweight...
CME bids to boost its metal storage network, challenge LME
The CME Group is talking to several warehouse companies to expand its metal storage network globally, three metal industry sources told Reuters, a move that could further challenge the London Metal Exchange's (LME) dominance. In recent years the CME, the world's largest futures market operator, has...
Novelis celebrates commissioning of $120 mln automotive finishing line
Novelis, the world leader in aluminum rolling and recycling, today celebrated the commissioning of its third state-of-the-art automotive finishing line in Oswego, N.Y. Installed to support the production of stronger, lighter and safer vehicles, the line represents Novelis' latest investment of $120...
Automotive alloy market to be worth $177.47 bln by 2021
The global alloy market for automotives is projected to grow at a CAGR of 7.69 per cent from 2016 to 2021, to reach a market size of USD 177.47 billion by 2021, according to a recently published market research report. The report segmented the alloy market for automotives by the alloy type (steel,...
The US recovers 3.61 Mt of aluminium from scrap in 2015: USGS recycling statistics
The material flow of recycled metal commodities in the United States has been documented in a series of reports published by the U.S. Geological Survey. USGS’s 2014 Minerals Yearbook for recycling lists the recycling statistics for selected metals in US. In 2014, the United States recycled 64.7...
CME Group expands base metals offering with new Aluminum A380 Alloy (S&P Global Platts) futures
CME Group, the world's leading and most diverse derivatives marketplace, today announced it will expand its base metals offering with the introduction of a new Aluminum A380 Alloy (S&P Global Platts) futures contract to begin trading on June 6, 2016. Pending relevant regulatory review periods, the...
Orbite appoints Charles Taschereau as Chief Operating Officer
Orbite Technologies Inc. has announced the appointment of Charles Taschereau as Vice-President and Chief Operating Officer (COO) for the company, effective June 6, 2016. Mr. Taschereau joins Orbite from Congo Equipment S.A.R.L., a Caterpillar equipment dealer with 1,200 employees and over $350...
Die casting company executing $6.3 mln expansion in Maple Lake
A multimillion-dollar expansion is in the works for an aluminium die casting and other metal die casting operation in Maple Lake. According to the State Department of Employment and Economic Development, Arkansas based Pace Industries will add 60,000 square feet at its Maple Lake facility. Part of...
Kobe Steel to build aluminium extrusion and fabrication plant in Kentucky, USA
Kobe Steel, Ltd. announces that it will manufacture and sell aluminium extrusions for the automotive sector in the United States. The new business will operate through a company called Kobelco Aluminium Products & Extrusions Inc. in Bowling Green, Kentucky. KPEX will make bumper materials for cars...
Vehicle weight savings of 220lbs gives Cadillac customers better vehicle performance
Novelis, the world leader in aluminium rolling and recycling, today announced its aluminium is used in the new 2016 Cadillac CT6 body. The new mixed material vehicle construction featured in the Cadillac CT6 represents a first of its kind for General Motors (GM) in North America and China. In North...
