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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Wise Alloys LLC exploring alternatives to refinance its existing ABL
Constellium N.V. today announced that its indirect wholly-owned subsidiary Wise Alloys LLC is exploring alternatives to refinance its existing Asset Based Lending facility, including engaging in discussions with both current and potential new lenders. Wise currently intends to seek to refinance its...
Canadian corporation mulls aluminium foundry in Richland County
Linamar Inc., headquartered near Toronto, is considering development of a 300-job aluminium foundry and automotive components plant near Blythewood off Interstate 77. The Canadian corporation also would acquire the existing Pure Power Technologies plant in Richland County as part of the plan to...
"Accurate material models are critical for any CAE analysis," Steven Sheng, Formability Engineer, General Motors
The 1st GALM summit on Modeling, Simulation and Crash Testing Of Automotive Lightweight Materials will come to Detroit, Michigan on 26-27 January 2016 and bring with it 20+ case studies from OEMs, software developers and material experts. Covering the most important areas from cost efficiency and...
IPPI declines in Canada while the U.S. aluminium demand and cosumption stay strong
According to the data released by the Bureau of Economic Analysis, the U.S. real gross domestic product increased at an annual rate of 2.1 percent in the third quarter of 2015, while in the second quarter, real GDP increased 3.9 percent. The demand for aluminium in the United States and Canada...
"As industry commits to climate, a level playing field is needed," Heidi Brock President & CEO, Aluminum Association
Ms Heidi Brock, President & CEO, Aluminum Association made a very strong commentary on global commitment to environmental stewardship at the 21st Session of the COP 21 Climate Summit. She advocated that as some industries, like the aluminum industries of North America and Europe, gained traction on...
Cadillac rolls out repair network for aluminium-intensive CT6 sedan
The Cadillac CT6, the first aluminium-skinned vehicle from General Motors, will have its own dedicated factory-certified repair facilities. Cadillac said Wednesday, December 2nd, that it is launching the Cadillac Aluminium Repair Network to ensure the lightweight rear-wheel-drive luxury sedan is...
Ford adding 2,000 jobs to make 2017 aluminum-body super duty trucks
Ford Motor Co. said Tuesday that it will add 2,000 jobs and invest $1.3 billion at the Kentucky Truck Plant to support production of new aluminum-body Super Duty trucks, deepening the automaker's ties to a city where it has two large production facilities. The investment, cheered by plant workers...
Vitex Extrusion expands capabilities with $1.5 million investment in state-of-the-art quench and profile stacking systems
Vitex Extrusion officially unveiled a $1.5 million investment in an Presezzi HECS high efficiency air and water cooling system and automated profile stacking system for its Franklin, NH, aluminum extrusion and fabrication facility. The state-of-the-art upgrades strengthen Vitex’s capabilities to...
South Carolina smelter shutdown seems imminent as stalemate goes on
The Mount Holly aluminum smelter in Goose Creek may shut down at the end of this year after owner Century Aluminum and electric utility Santee Cooper failed to reach an agreement on a new power contract for the plant. Michael Bless, Century’s president and CEO, said the closure “would be a tragedy”...
EPA, Glencore to study Columbia Falls Aluminum Co. site contamination
The U.S. Environmental Protection Agency (EPA) and Glencore announced an agreement signed on November 30 to study the level of contamination at the Columbia Falls Aluminum Company site. Senator Tester and Governor Bullock have been urging Glencore for long to come up with acton plans to clean up...
Aluminium Can Industry Challenge raises $85,000 by recycling more than 193,000 pounds of cans
Rexam's North American Corporate Office in Chicago, IL, received top honors in the 2015 Great American Can Roundup (GACR) Industry Challenge by recycling more than 61,000 pounds of aluminum beverage cans. The GACR Industry Challenge, sponsored by the Can Manufacturers Institute (CMI), collected and...
Noranda laying off 38 at Newport aluminum plant
Noranda on Monday said will lay off 38 employees at its Newport plant on or around December 3. Following the reduction, the facility will operate with 15 hourly and two salaried associates, compared to the workforce of 48 hourly and 7 salaried associates, according to John Parker, a company...
Aluminum Midwest premium rises
The Midwest aluminum premium has risen as fears about costs set in after Alcoa’s announcement that it is shuttering much of its North American smelting capacity. Midwest premium rises on Alcoa shutdowns announcement The US Midwest aluminum premium has risen to its highest level in six months,...
Sims issues profit warning, will cut up to 800 jobs
Sims Metal Management, based in Sydney and New York, has issued a profit warning for its upcoming quarterly results, will buy back shares of its own stock and is scaling back operations globally, with a focus on the United States. In a presentation, Sims has warned of “flat earnings” in the first...
Alcoa +4.5% after confirming Elliott stake, support of plan to split company
Alcoa continues to rally following confirmation that Paul Singer’s Elliott Management bought a 6.4% stake in the company, which says it has had "constructive discussions" with Elliott. The activist firm also supports Alcoa's planned spinoff next year, announced in September, of downstream assets...
Alcoa reaches agreement with New York state to increase competitiveness of Massena West Smelter
Lightweight metals leader Alcoa today announced that it has entered into a three-and-a-half year agreement with New York State to increase the competitiveness of the Massena West smelter. The company had previously announced plans to curtail the facility amid prevailing market conditions. The...
Constellium to build manufacturing facility for automotive structures in Georgia
Constellium N. V. announced today that it will construct a new manufacturing facility in Bartow County, Georgia, in response to growing demand for its automotive structures in North America. This project represents a $20 million investment by Constellium and an additional $12 million investment by...
North American Aluminum scrap prices fell on Index
The North American Aluminum scrap prices declined on ScrapMonster Price Index as on November 20th, Friday. 1100 Scrap and 3003 Scrap prices remained unchanged on Index. A down move of $0.01 per Lb was witnessed in 356 Aluminum Wheels and 6061 Extrusions. 5052 Scrap prices too dropped by $0.01 per...
