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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Sapa’s design manual keeps lead
Sapa has updated and published the fifth edition of its aluminium extrusion Design Manual. While the paper version remains the most popular in the industry, interest in the new electronic “app” is growing. Since Sapa added its Design Manual in Apple’s app store and on Google Play in February 2014,...
LME sees a flat week while premiums continue to rise
LME officials saw a flat week, with cash prices hovering about $2,025/metric ton. The promise of additional policy support that helped rally prices over the past five weeks (September’s European Central Bank interest rate cut and October’s Bank of Japan QE announcement) has collided with fresh...
General Motors adopts a new welding system for aluminium
General Motors is also joining the aluminium bandwagon but quietly unlike Ford Motor Co., who has spent millions of dollars for the complete restructuring of its assembly plants. Ford has come up with rivets and industrial adhesive to join its aluminium parts but General Motors is adopting a new...
Ford’s new aluminum-bodied F-150 truck more gas efficient
Ford revealed the EPA label ratings for the F-150 at an event in Dearborn, Mich. Friday. There are multiple variations of the truck, depending on engine, cab configuration and whether the truck is 2- or 4-wheel-drive. Each change creates a different fuel economy figure. Overall, the trucks achieve...
Century Aluminum receives consensus rating of “Buy” from brokerages
Shares of Century Aluminum have earned an average rating of “Buy” from the eleven ratings firms that are currently covering the company, Stock Ratings News reports. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average...
Construction of Constellium-UACJ aluminium sheet plant on schedule
The construction of Constellium-UACJ Body in White, the $150 million automotive aluminium sheet plant in Kentucky Transpark is proceeding on schedule and on budget. The groundbreaking was done in July this year, the steel structure is supposed to be completed by March and the equipment should be...
Kaiser plans $5.8 million upgrade, expected to add 7 new jobs
Celebrating its fiftieth year in North Texas, Kaiser Aluminum received a six-figure birthday present from the Sherman Economic Development Corp. Tuesday morning. The SEDCO Board of Directors voted unanimously to enter into a $232,000 agreement with Kaiser to help offset the cost of a $5.8 million...
US aluminium on the rise
The LME stock prices of aluminium for Midwest delivery, has risen from 20 cents per pound to 22.5 cents per pound which is a double hike. This amount is payable both by the fabricators as well as the aluminium merchants. The rise in price will raise many questions about the domestic availability as...
Superior Industries face losses due to shutdown of Rogers factory
Superior Industries International, the largest manufacturer of aluminium car and truck rims, has slipped into the red zone according to the Q3 results of 2014. The company reported a net loss of US$ 2.4 million due to expenses worth US$ 6.9 million dollars in the quarter caused largely by the shut...
Noranda Aluminum holding now covered by BMO Capital Markets (NOR)
Research analysts at BMO Capital Markets began coverage on shares of Noranda Aluminum Holding in a report released on Monday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock. A number of other firms have also recently commented on NOR. Analysts at Zacks upgraded shares...
Alcoa Inc gets more profit rate than estimated by analysts
The biggest producer of aluminum in US, Alcoa Inc. is reported to have earned an amount which has crossed the estimations and speculations of analysts by leaps. With a better performance than the expected for its aerospace and power units, the company has been able to make a good deal with supplies...
CRL-U.S. Aluminum receives Glass Magazine's top metal company recognition
CRL-U.S. Aluminum receives third consecutive honor while continuing North American expansion plans. Glass Magazine, one of the industry's leading commercial, retail, and fabrication publications, recently named CRL-U.S. Aluminum as the #1 Top Metal Company in their 2014 feature on North America's...
Advanced auto grade aluminum mill to be built in Southeastern USA
American Specialty Alloys announced today plans to build a $1.2 billion, state-of-the-art, aluminum mini-mill in the Southeastern United States. The planned 1.4 million square foot plant, is an environmentally friendly mill with over $200 million in pollution control systems. The plant will be the...
Rusal reviews trends in the global aluminium industry
Rusal, the largest aluminium producer in the world makes observations in the global aluminium demand and supply in the current year, making note of the strongest players in the industry during the period. The global aluminium demand During the first nine months of 2014, global primary aluminium...
Novelis to convert all of its beverage can sheet to high-recycled content evercan™ aluminum by 2017
Novelis, the global leader in aluminum rolling and recycling, today announced a new commitment to convert all of its beverage can body sheet production to its evercan™ sheet, the world's first certified high-recycled content aluminum for beverage cans, by the end of 2017. Novelis President and CEO...
Novelis shifts focus to the more lucrative automotive industry
Novelis Inc. which is the U.S. arm of Hindalco, one of India’s largest aluminium makers said that they are slowly shifting their focus towards catering to automakers and as a result they have cut 3,000 and hired 4,000 workers over the past four years. The transition has caused the displacement of...
Carubba Collision opens new shop, Aluminum Repair Center
Joseph Carubba, president and CEO of Carubba Collision Corp., announced that Carubba Collision has opened up two new locations in Western New York. Zeigler Honda of Amherst has formed an alliance with Carubba Collision, making it their body repair shop. Carubba Collision will be on site at Zeigler...
Ford’s much awaited all-aluminium F-150 goes into production
On Tuesday, officially the production began for the much awaited and much hyped Ford F-150 in the same place where Ford’s Model A cars were built 90 years ago, the Ford’s Rouge Factory. Back then, the switchover from the top running model T to a newer model A had also cost the company dearly as...
