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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Aluminum manufacturer triples DFW footprint in Coppell
Georgia-based aluminum manufacturer YKK AP America Inc. has nearly tripled its Dallas-Fort Worth footprint to 105,000 square feet in Coppell. The company, which produces aluminum storefront and facade systems, plans to relocate to Beltline Trade Center Building A near Dallas/Fort Worth...
Automotive could shift to secondary metal completelyl: Novelis
Secondary aluminum could one day be automakers’ primary choice, a Novelis Inc. executive said. "They are not in that position yet, but they are asking. They want to be," Marco Palmieri, senior vice president and president of Novelis North America, said Dec. 17. "And I really believe that in the...
Ormet starts selling off machines, raw materials
Ormet Corp. plans to auction equipment and raw materials used in the aluminum smelting process at 10 a.m. today, according to records in the U.S. District Bankruptcy Court in Delaware. Ormet closed the Hannibal aluminum smelter in October amid high utility costs and low global metal prices. CEO...
Noranda Aluminum cuts 7 percent of workforce
Franklin-based Noranda Aluminum Holding Corp. announced this week that it will be cutting 190 employees and contract workers from its workforce. The company said the cuts, which represent about 7 percent of the company’s total employee count, will generate annual savings of $15 million per year,...
Novelis announces $205M investment to expand global automotive aluminum capacity to 900,000 tons annually
Novelis, the world leader in aluminum rolling and recycling, today announced it will invest an additional $205 million to further expand its global manufacturing operations serving the rapidly growing automotive market. The company will build new finishing lines at its plants in Oswego, N.Y. and...
Alcoa's aluminum production cuts not to help the aluminium industry considerably
Aluminum production is rising in Africa, China, the Arabian Gulf, Eastern and Central Europe and (this surprised us a little) North America, but it is falling in Oceania, South America, Western Europe and Asia (ex-China), according to FastMarkets. We continue our Aluminum Outlook 2014 from Part One...
Alcoa signs long-term agreement with Airbus for Aluminum Aerospace Parts
Alcoa has signed a multi-year supply agreement with Airbus valued at approximately $110 million for value-add titanium and aluminum aerospace forgings. Alcoa will produce the parts using its recently modernized 50,000-ton press in Cleveland, Ohio. This press uses state-of-the-art controls to meet...
Somerville Aluminum named '13 Dealer of Year
Central Jersey home remodeler Somerville Aluminum has been named Dealer of the Year by Window & Door magazine. Somerville Aluminum was recognized for overall excellence in marketing for its “GO with the PRO” campaign. The company’s marketing team, The Think Cloud, spearheaded the continuing...
Changes in China's recycling could cost North Jersey towns cash
A crackdown on trash halfway around the world has disrupted the U.S. recycling industry and could cost North Jersey municipalities some of the coveted revenue they earn from selling the paper, plastic and aluminum cans that residents put out at the curb. For much of this year, China has rejected...
AEC Joins with CRU for Aluminum Industry Conference
The Aluminum Extruders Council (AEC) is pleased to announce that the 2014 Annual Meeting & Leadership Conference will be collocated with CRU Group’s Aluminum Industry Trends Conference in March at The Biltmore Hotel in Coral Gables, Florida, USA. The collocated programs, featuring comprehensive...
Century Aluminum among the list of aluminum companies with the highest beta
Below are the three companies in the Aluminum industry with the highest betas. Higher-beta stocks mean greater volatility and are therefore generally considered to be riskier but also may provide the potential for higher returns. Century Aluminum is highest with a beta of 1.8. Century Aluminum...
Noranda Aluminum down 7.8%, shares slide into the Red
Noranda Aluminum is one of today's worst performing low-priced stocks, down 7.8% to $2.37 on 1.1x average daily volume. Thus far today, Noranda Aluminum has traded 409,000 shares, vs. average volume of 376,000 shares per day. The stock has underperformed the Dow (-7.8% to the Dow's -0.5%) and...
Century hopes to grow company
Plant managers for Century Aluminum of Kentucky's Hawesville and Sebree smelters told about 40 members of Owensboro Noon Rotary that the company is interested in growing its operations to create more jobs. But the company's recent move to buy cheaper power in the open wholesale market did not...
Ford delays F150 2015 launch amid aluminum supply issues
The Truth About Cars has apparently learned that Ford is having supplier issues with their aluminum provider, following confirmations that the next generation Ford F150 pickup will utilize more of the alloy to reduce weight. After speaking with an “inside source,” aluminum supplied by Alcoa did not...
Aluminium Highlight from US and Canada
The LME cash price fell below $1,700/mt this week, marking its lowest level in nearly four-and-a-half years. Meanwhile, aluminum fundamentals do not appear to be deteriorating. Global days supply held at 52 in October. On the one hand, days supply is close to its lowest level during the global...
US LME aluminum inventory falling, but market is far from fixed
LME-registered aluminum stocks in the United States are falling apparently, down 6% so far this year to around 1.8 million metric tons, according to Reuters, the lowest since July 2009. This is all the more remarkable as global inventories have risen to new records with the market still in massive...
CFAC a boneyard for Sebree
A Midwest aluminum smelter that was prominent news in Columbia Falls 40 years ago is back in the news today. And a possible pattern is emerging — a giant parent company favoring one plant over another. Alcoa was hired to build the Sebree smelter for Anaconda using cutting-edge smelting equipment,...
Alcoa looks to expand use of aluminum sheet in cars
Technology developed by Alcoa researchers in Pittsburgh has become the linchpin of the aluminum producer's plan to expand use of the metal from high-end German luxury cars to aluminum-intensive pickup trucks, minivans and other top-selling vehicles. Randall Scheps, the executive in charge of...
