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 rise marginally
The North American Aluminum scrap prices ended marginally higher on ScrapMonster Price Index as on July 8th, Tuesday. 1100 Scrap prices moved higher by $0.01 per Lb. The prices of 3003 Scrap too increased $0.01 per Lb. A similar up move of $0.01 per Lb was witnessed in 356 Aluminum Wheels, 5052...
Alcoa's quarterly earnings jump on lower costs
Aluminium producer Alcoa last night reported a jump in earnings on strong metals pricing and lower costs as it confirmed its outlook for 7% aluminium demand growth in 2014. Alcoa, the first major US company to report second-quarter earnings, said net income for the period ending June 30 was $138m,...
Hindalco gains after Alcoa's earnings beat
Shares of Hindalco Industries Ltd are trading sharply higher after U.S. rival Alcoa Inc reported better-than-expected earnings, several traders said. Alcoa also increased its 2014 growth estimate for the North America commercial transportation market. Shares of Hindalco, India's leading aluminium...
Aluminum plant groundbreaking signals economic recovery
An economics researcher says a groundbreaking for an aluminum plant in western Kentucky sends a bigger message about economic recovery. Governor Steve Beshear, who was joined by other public and private sector officials, broke ground last week on a $150 million dollar aluminum production plant in...
Kaiser Aluminum Corp. EVP Pete Bunin unloads 2,500 shares
Kaiser Aluminum Corp. EVP Pete Bunin sold 2,500 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $72.66, for a total value of $181,650.00. Following the completion of the transaction, the executive vice president now directly owns...
Kaiser Aluminum Corp. CEO sells $367,550 in stock
Kaiser Aluminum Corp. CEO Jack A. Hockema unloaded 5,000 shares of Kaiser Aluminum Corp. stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $73.51, for a total transaction of $367,550.00. Following the completion of the transaction, the chief...
Foremost fabricators acquired by Patrick Industries
Patrick Industries, Inc. announced that it has completed the acquisition of the business and certain assets of Goshen, Indiana-based Foremost Fabricators, LLC . Foremost is a fabricator and distributor of fabricated aluminum products, fiber reinforced polyester sheet and coil, and custom laminated...
Toyota Tsusho, Kobe Steel to build 6000-series aluminum plant in the US
Japan’s Kobe Steel will build an aluminum sheet rolling plant in the US with around 100,000 million tons per year capacity together with trading firm Toyota Tsusho, as it focuses on producing 6000-series aluminum-magnesium-silicon alloy sheets for the US car market, Chief Executive Officer Hiroya...
Aluminum Association updates on downstream industry activity
Shipments of Aluminum Extruded Products (extruded shapes, pipe & tube, and rod & bar) by U.S. and Canadian producers totaled an estimated 388.0 million pounds during May 2014, an increase of 5.2 percent over the May 2013 total of 368.9 million pounds. Compared to the previous month, shipments rose...
Novelis completes sale of North America consumer foil business to Reynolds consumer products
Novelis Inc., the world leader in aluminum rolling and recycling, today announced that it has completed the sale of its North American consumer foil products business to Reynolds Consumer Products LLC for $33.75 million. The transaction includes foil manufacturing plants in Toronto, ON, and...
ET Foundation recognizes professional designers and students in the 2014 aluminum extrusion design competition
A total of $20,000 was awarded to professional designers and students in the 2014 International Aluminum Extrusion Design Competition. Ninety-five entries were received for the competition, including more than 80 designs from students and universities and technical schools. The awards, sponsored by...
Aluminum Ford F-150 remains on track, Hinrichs says
In response to Morgan Stanley’s concerns about potential delays, Ford Americas chief Joe Hinrichs said the new aluminum-bodied F-150 truck remains on track for its introduction later this year. Ford is retooling two factories to make the pickup, part of a plan this year to add 16 new models in...
Latest equipment and info on display at CARSTAR Aluminum Information Event
The use of aluminum in mass-market vehicles is becoming more widespread, and training for how to repair those vehicles is paramount. CARSTAR recently held an Aluminum Information Event at CARSTAR Vision Park in Hamilton, Ont. The session was attended by more than 50 CARSTAR owners, technicians, and...
Shares of Century Aluminum rise above previous 52-week high
Shares of Century Aluminum traded at a new 52-week high today of $15.82. This new high was reached on below average trading volume as 241,000 shares traded hands, while the average 30-day volume is approximately 539,000 shares. In the past 52 weeks, Century Aluminum share prices have been bracketed...
Aluminium future, Jaguar Land Rover Ingenium and all-new XE
JLR’s global sales presence has improved beyond its traditional major markets from below 15% in 2008 to more than 40% at present. Last week,Jaguar Land Rover received 2014 Queen’s Award for Enterprise in International Trade. Lord-Lieutenant of West Midlands, Mr Paul Chandrasekharan Sabapathy CBE...
Aluminium sheet market on cusp of big growth
ALUMINIUM giants Alcoa and Novelis spent decades wooing Detroit’s vehicle makers to toss out their heavy steel vehicle bodies and overhaul their factories in order to mass produce vehicles made out of lighter aluminium. This year, with Ford Motor ’s launch of its new aluminium-intensive F-150...
Orbite announces annual and special meeting results
Orbite Aluminae Inc. announced today that shareholders have approved all resolutions put forth at the Annual and Special Meeting of Shareholders held in Montréal, Québec, on Thursday, June 19, 2014. Shareholders elected each of the Corporation's nominees for director by the following votes cast by...
Bridgnorth Aluminium secures £62million finance package
Bridgnorth Aluminium, a specialist manufacturer of aluminium coils for the food, pharmaceutical and printing industries, has secured a £62million finance package from the Birmingham office of Lloyds Bank. The finance package encompasses a £45million asset based lending facility from Lloyds Bank...
