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...
Grow with
AL Circle
Co-operators fund Nunavut aluminum recycling program
The Co-operators has announced extended support for funding the Arctic Co-operatives Limited aluminum recycling program in Nunavut. The additional contribution of $26,000 will allow Arctic Co-operatives to expand and improve the program, which operates in 23 communities in the territory. The new...
Orbite announces closing of $16 million financing
Orbite Aluminae Inc. announces that it has completed its previously disclosed public offering of units in the maximum contemplated amount of $16M. The Offering is supplemented by the previously announced binding subscription commitment for $40 million in additional units from Crede Capital Group,...
Firms invest $152M, create 700 jobs in Ohio
Gov. John R. Kasich recently announced the approval of assistance for 11 projects set to create 733 jobs and retain 310 jobs statewide. During its monthly meeting, the Ohio Tax Credit Authority reviewed economic development proposals brought to the board by JobsOhio and its regional partners....
Massive investment will complete Kitimat smelter project
Rio Tinto is planning to invest US$2.7 billion to complete the modernization of its aluminium smelter in Kitimat, B.C., while the company is cutting back on capital spending at projects around the world. “For nearly 60 years, the smelter has been a major impetus for the economic development of...
Greco awarded railing package in two residential high-rise towers
Greco Aluminum Railings Ltd., was selected to design and manufacture the railings on two 36-story towers, the 3 eleven Bowie apartment tower in downtown Austin, and the Key West Condos in Etobicoke, located in Toronto, Ontario’s lakeshore area, according to a Dec. 3 company release. The 3 eleven...
Midwest P1020 aluminium premiums rise
Midwest aluminium premiums have increased as spot availability has tightened at the same time that wide spreads on the London Metal Exchange continue to support financing deals. Metal Bulletin sister title AMM’s spot P1020 aluminium premium increased to a range of 10.75 to 11 cents per pound on...
Kaiser Aluminum Corporation to Present at the U.S. Basic Materials Conference
Kaiser Aluminum Corporation today announced that Jack A. Hockema, President, Chief Executive Officer and Chairman, will present at the Bank of America Merrill Lynch 2013 U.S. Basic Materials Conference in Boston on Tuesday, December 10, 2013 at approximately 11:00am Eastern. A live webcast of the...
Dajcor Aluminum continues growth
In just over three years of business Dajcor Aluminum Ltd. has seen both its customer base and workforce increase dramatically. Established in June 2010 out of the former Daymond Aluminum building on Irwin Street with just 23 employees and 30 customers, Dajcor now has more than 150 employees and...
Novelis continues expansion in Scriba
Novelis’ Oswego Works plant has begun constructing a third metal processing line in anticipation of growing demand for aluminum sheet by the nation’s automotive industry. A source who requested anonymity said work has begun on establishing another continuous annealing solution heat (CASH) treatment...
IBC Engineered Materials collaborating with Lockheed Martin
IBC Advanced Alloys Corp. reports that its wholly owned US subsidiary, IBC Engineered Materials Corp. is in the final stages of a materials and production qualification process with Lockheed Martin’s F-35 Electro-optical Targeting System (EOTS) team based in Orlando, Florida. IB-EMC is working...
Jeff Henderson Joins AEC Staff as Director of Member Services
The Aluminum Extruders Council (AEC) announces that Jeff Henderson will be joining its executive team effective January 1, 2014 as Director of Member Services. Henderson brings with him 20 years of executive-level experience at major companies within the aluminum industry. Over the last ten years,...
Secondary aluminium smelters’ scrap prices fall in USA
Prices for most grades of secondary aluminium smelters’ scrap fell on December 2, precipitated by lower demand from mills and weakening terminal markets, according to industry sources. Several sellers said they had seen reduced demand from most domestic consumers over the past week. “What I am...
Former Metro International Trade Services owner set for return to LME network
Bill Whelan, the Michigan-based mastermind behind the creation and sale of one of the world's biggest metals warehousing firms, is making a comeback, seeking to rejoin the London Metal Exchange network as new rules roil the storage business. Three years after leading the sale of Detroit-based Metro...
Bankruptcy of aluminum processor/foundry hits Wilmington Iron, Metaldyne
Wilmington Iron and Metal and Metaldyne Bluffton were the largest unsecured creditors in the bankruptcy filing of US recycler Global Scrap Management along with its aluminum foundry division Altimet, which filed for Chapter 11 protection November 26 in US Bankruptcy Court, Southern District of...
Newly released aluminum statistical review shows five percent growth in aluminum demand in 2012
The Aluminum Association released today the 2012 Aluminum Statistical Review, the most comprehensive source for North American industry data, covering every cycle of the production process from primary aluminum to finished goods to the recovery of aluminum scrap. The review shows that, for the...
Hollaender's speed-rail handrail system recently installed at Philadelphia naval yard
More than 3,500 linear feet of aluminum railing was recently installed at the Philadelphia Naval Yard that runs along the historic Delaware River in Philadelphia, PA. The handrail system was constructed using Speed-Rail fittings and aluminum pipe from Hollaender Manufacturing. The new weather...
State approves tax credits to Matalco Inc.as it considers Lordstown plant
The Ohio Job Creation Tax Credit Authority on Monday approved tax credits for a Canadian-based company that is considering constructing a facility at the Ohio Commerce Center in Lordstown. Matalco Inc., a company that makes aluminum billets for the aluminum extrusion industry, was approved for a 50...
Study sheds light on the potential use of aluminum to maintain and repair bridges in Québec
The Aluminum Association of Canada (AAC) released a market study today which shows that half of the 1,000 to 1,400 short span bridges to be repaired or replaced every year over the next decade in Eastern Canada and the northeastern United States are ideal to incorporate shop-fabricated, aluminum...
