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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Canadian International Aluminium Conference - International experts meet in Montreal
The Canadian International Aluminium Conference (CIAC), scheduled to be held from June 2-4 in Montreal will create a platform for global experts to discuss the great opportunities for aluminium and aluminium industry, one that employs about 10,000 people in Quebec. These discussions will cover the...
Aluminum gains on LME as CME sheds light on upcoming futures contract
The Chicago Mercantile Exchange’s new aluminum futures contract, which will begin trading May 5th, will be available for trading on the floor and electronically via CME Globex, as well as submission for clearing through CME ClearPort, and will be listed by and subject to the rules of COMEX. CME...
Partnership will focus on metals recovery from WTE processes
The Netherlands-based Inashco BV and Wheelabrator Technologies Inc., Hampton, N.H., have announced the formation of a new North American-based joint-venture (JV) company dedicated to the recycling of ferrous and nonferrous metals from waste-to-energy processes. The 50/50-owned JV company, Eco...
North American Aluminum scrap prices dropped on Index
The North American Aluminum scrap prices declined marginally on ScrapMonster Price Index as on March 19th, Wednesday. 1100 Scrap prices declined by $0.01 per Lb. The prices of 3003 Scrap too fell $0.01 per Lb. A down move of $0.01 per Lb was witnessed in 356 Aluminum Wheels, 5052 Scrap, 6061...
ThyssenKrupp opens new $15 million coil processing facility in Alabama
ThyssenKrupp Materials NA, Inc. opened a 100,000 square-foot carbon, stainless and aluminum coil processing and distribution service center in Woodstock, Alabama. TKMNA invested more than $15 million in the facility, just outside of the Birmingham-metropolitan area, and currently employs 20...
CME Group to launch aluminium futures contract in May to compete with LME
CME Group Inc will launch in May a physically deliverable aluminium futures contract in North America to compete with LME’s $54 billion market. The group came up with the plan after LME implemented the sweeping reforms to its metals warehousing system after a years-long crisis that has undermined...
Canada Tribunal continues its findings on aluminum extrusions from China
The Canadian International Trade Tribunal today continued its findings made on March 17, 2009, in Inquiry No. NQ-2008-003, as amended by its determination made on February 10, 2011, in Inquiry No. NQ-2008-003R, concerning the dumping and subsidizing of aluminum extrusions from the People's Republic...
Orbite announces 10M$ equity investment by Québec Govt
Orbite Aluminae Inc. is pleased to announce that the Government of Québec formally approved a 10M$ equity investment in Orbite by Investissement Québec (“IQ”), a mandatory of the Québec Government. The announcement was made at Orbite’s High Purity Alumina (“HPA”) production facility in Cap-Chat,...
Superior Industries International looks for its next CEO
Time is ticking on aluminum wheel supplier Superior Industries International Inc. as it searches for its next CEO. Steven Borick, the Van Nuys, Calif., company's CEO since January 2005 and son of its founder, Louis Borick, announced in October that he will retire March 31. With less than two weeks...
North American Aluminum scrap prices dropped on Index
The North American Aluminum scrap prices declined marginally on ScrapMonster Price Index as on March 13th , Thursday. 1100 Scrap prices declined by $0.01 per Lb. The prices of 3003 Scrap too fell $0.01 per Lb. A down move of $0.01 per Lb was witnessed in 356 Aluminum Wheels, 5052 Scrap, 6061...
ARC Group expands metal Additive Manufacturing capabilities
ARC Group Worldwide, Inc., has announced that its Additive Manufacturing division, 3D Material Technologies LLC (3DMT) has purchased two EOS EOSINT M280 Direct Metal Laser Sintering industrial 3D printers for the company's Colorado, USA, production facility. The ARC Group is one of the largest...
Midwest aluminium premiums slip
Midwest aluminium premiums dropped again this week as market sources fretted about increased import volumes and the potentially chilling impact of a cold winter on demand. Metal Bulletin sister title AMM's spot P1020 premium slipped to 18.75 to 19 cents per lb on March 5 from 19 to 19.5 cents...
Rio Tinto Alcan confirms Arvida outage
Rio Tinto Alcan confirmed a planned maintenance outage at its Arvida smelter in the Saguenay-Lac-Saint-Jean region of Quebec. The Montreal-based aluminium producer will shut the casting center at the smelter for seven to 10 days to perform maintenance work on the facility's furnaces and casting...
Accuride introduces lighter-weight aluminum wheel, eyes global expansion
Accuride has introduced a new aluminum wheel it claims to be the lightest in the market. The new 14-inch Accu-Lite Duplex aluminum wheel weighs just 56 lbs, about four pounds less than its predecessors. Rick Dauch, president and CEO of Accuride, said the company will transition to the new wheels in...
Aluminum Association updates on downstream market, U.S. & Canada
Estimated net shipments of Aluminum Sheet and Plate by U.S. and Canadian producers totaled 662.2 million pounds during January 2014, a decline of five-tenths of one percent from the January 2013 total of 665.4 million pounds. Compared to the previous month, shipments increased 9.9 percent over the...
Scrap metal recycler clears hurdle in Chicago
The city of Chicago’s Zoning Board of Appeals has voted in favor of a special-use permit that will allow Pure Metal Recycling to go forward with the installation of an auto shredder in the Pilsen area of the city. The board approved the permit in a unanimous 3-0 vote. The board has five members,...
Upstate Shredding acquires the assets of an auto recycling company
Owego, N.Y based Upstate Shredding, has announced the acquisition of Brant Auto Parts’ assets. Brant Auto Parts, located in Irving, N.Y. was founded in the year 2003, has been serving Hamburg, Buffalo and Dunkirk, N.Y. and also the surrounding areas for a period of more than ten years. The company...
Noranda Aluminum Holding Corp. upgraded to Hold rating by Reuters
Analysts at Thomson Reuters upgraded Noranda Aluminum Holding Corp. from a “sell” to a “hold” rating in their research report that they have issued for the investors and clients, reported Stock Ratings Network.com. Separately, Noranda Aluminum Holding Corp shares were downgraded by analysts at...
