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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Alcoa’s outlook in the downstream and end market segment seems positive for 2015
The recent Alcoa results show the company is making a great shift from upstream operations to downstream sector and achieving positive results as a consequence. Alcoa has made positive growth projections for the year 2015 across the different sections of the downstream business including aerospace,...
Capacity curtailment and value-add portfolio transformation raises Alcoa’s 1st quarter revenue
Alcoa kicks off the earnings season with the declaration of its 1st quarter results. The result beats market analyst’s expectations as far as revenue and income are concerned. Alcoa is going through a major transformation stage as it is shifting its priority towards creating a value added...
Noranda Aluminum Holding Corporation discloses insider transaction
Noranda Aluminum Holding Corporation, Rolfe Ronald S, Director of Noranda Aluminum Holding CORP had purchased 086 shares on March 26, 2015 in a transaction. The price per share was $3.04 and the total amount of the disclosed transaction was $261.The Insider information was disclosed with the...
Alcoa announces its first quarter results for 2015
Lightweight metals leader Alcoa today reported strong first quarter 2015 profits. The Company’s strategy of building its value-add portfolio and creating a globally competitive commodity business is delivering results. Alcoa reported first quarter 2015 net income of $195 million, or $0.14 per...
6th Apr, 2015: North American Aluminum scrap prices held steady
The North American Aluminum scrap prices remained unchanged on ScrapMonster Price Index as on April 6th, Monday. 1100 Scrap prices remained flat over the day. The prices of 3003 Scrap too were flat at $0.78 per Lb. The prices of 356 Aluminum Wheels, 6063 Extrusions and 6063 Extrusions/Fe too were...
Aluminum Association applauds DOE's lofty loan
The Aluminum Association has voiced its support of the U.S. Department of Energy after it announced a conditional commitment for a $259 million loan to Alcoa, which was done in support of the aluminum producer’s automotive expansion. With the aid of the loan, the company will grow its Alcoa, Tenn....
Alexandria Industries’ CEO awarded Distinguished Service Award by AEC
Alexandria Industries’ CEO, Tom Schabel received the Distinguished Service Award from the Aluminium Extruders Council (AEC) considered to be their highest honour recognizing exceptional dedication and service to the industry. Schabel has been a member of the Council since 2005, serving as the...
Orbite completes bought deal financing for $10 million
Orbite Aluminae Inc. today announces that, further to its press release of March 31, 2015, it has completed the first portion of the public offering of units in the amount of $10,000,000 under the short form base shelf prospectus and prospectus supplement dated March 18 and March 30, 2015...
Ford says aluminum repair smooth so far
It's early, but Ford says it's so far so good on repairing damaged 2015 F-150 pickups with aluminum bodies. Ford has not heard of any dealers or independent body shops having problems obtaining parts, installing parts or dealing with insurance companies about the time it takes to repair the new...
Novelis' closed-loop deals with automakers to improve aluminium recovery
Typically, 40% of an aluminium coil is left over after a car maker stamps out parts. By introducing a closed-loop system in partnership with car manufacturers, Novelis can capture this scrap aluminium and return it to its materials system. In the US, the company has recently started a closed-loop...
‘Can for Pets’ program reaches milestone of collecting 300,000 aluminium pet food cans
The innovative recycling program named ‘Cans for Pets’ funded by Alcoa Foundation and PA Resources Council has reached a milestone achievement of collecting 300,000 aluminium pet food cans in the United States. The program promises to pay 5 cents to a local animal shelter for every aluminium pet...
Alcoa rolls out its most durable aluminum wheel
Alcoa rolled out its most durable commercial truck wheel, Dura-Bright EVO, to the North American market. Alcoa’s Dura-Bright EVO wheel maintains all the benefits of its predecessor, the Dura-Bright wheel with XBR technology, while taking the wheel’s performance to a new level. The Dura-Bright EVO...
Aluminum Association reports aluminium contributes $65 billion per year to US economy
According to a recent report from Aluminum Association, the aluminium industry in the United States generates more than $65 billion per annum in direct economic impact. The aluminium industry in its entirety, incorporating players from all sectors including suppliers and related functions,...
Aluminum Association completes 104 members with the addition of six new companies
The Aluminum Association announced the addition of six new members, completing a total membership of 104 member companies, a record for the 82-year-old trade association, which represents the North American aluminum industry. These additions come amidst continued demand improvement for the broader...
Montreal-based artist creates aluminium sculpture for McGill University
Canadian artist named Linda Covit, has recently completed her aluminium sculpture gracing the grounds of the new campus for McGill University health centre in Montreal. The piece created by the Montreal-based artist is the largest among the 11 sculptors scattered across the campus and possibly the...
Aleris reports fourth quarter and full year 2014 results
Aleris Corporation reported results for the three months and year ended December 31, 2014 on Friday, March 27, 2015. Here are some excerpts from the report showing highlights of the fourth quarter results and the full year results of the company for the year 2014. Except as otherwise indicated, all...
Logan Aluminum considers $282 million for expansion
The Kentucky Economic Development Finance Authority on Thursday gave preliminary approval for incentives to Logan Aluminum for a proposed $282 million expansion. The company could create 188 jobs, which would pay an average of $50 an hour, including benefits, according to paperwork filed with...
Fiat Chrysler considers moving Wrangler production out of Toledo; city resists
Fiat Chrysler is considering moving Wrangler production out of Toledo so that they can concentrate exclusively on the aluminium body design. The local union leader hopes that the state and city will come up with a suitable package for the company to prevent them from moving Jeep Wrangler’s...
