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
Ormet looks to sell alumina to Glencore
Ormet Corp has inked a pact to sell about 32,000 tonnes of alumina to Glencore Xstrata for $8.44 million. The bankrupt Hannibal, Ohio-based aluminium producer is seeking court approval to sell the calcined metallurgical-grade alumina, valued at $263.75 per tonne, from its Burnside refinery to...
AB InBev starts selling auminum bud light bottles
Anheuser-Busch InBev NV (ABI) is rolling out Bud Light in screw-top aluminum bottles as the world’s biggest brewer seeks to stabilize the waning brand in the U.S., where consumers are turning to craft beers and other beverages. AB InBev has invested $150 million to create the new packaging, a...
LME lists two good delivery locations for aluminium
The London Metal Exchange has listed Owensboro, in Kentucky USA, and Moerdijk, in the Netherlands, as good delivery points for primary aluminium, according to notice sent by the exchange to its members. Owensboro and Moerdijk will become active as a good delivery points for primary aluminium three...
Orders of Aluminum Mill Products increased in US & Canada
The Aluminum Association, in cooperation with the Aluminum Association of Canada reported that its “Index of Net New Orders of Aluminum Mill Products” increased 1.1 percent year over year in October in US and Canada. Orders for flat roll products (sheet, plate, can stock and foil) declined...
Gerald Hendrick named president of U.S. Aluminum
C.R. Laurence Co. named Gerald Hendrick president of its U.S. Aluminum Division. Hendrick will be based out of CRL-U.S. Aluminum's central Waxahachie, Texas, service center and will help bolster operational growth initiatives, as well as oversee the division’s sales and estimating teams, according...
Ormet shutdown affects AEP 2014 sales projections
The impending shutdown of an aluminum smelting operation in Ohio will have an impact on American Electric Power's electricity sales next year. AEP President and CEO Nick Akin is scheduled to speak Nov. 12 at the 48th Annual Edison Electric Institute Financial Conference in Orlando, Fla. In...
North American October new aluminum mill order index up 11.9% on month
The North American October net new aluminum mill order index rose 11.9% from September, according to the Aluminum Association. New mill orders increased 1.1% from October 2012, while the year-to-date index is down 3.5%, the group said in Friday report. October plate orders fell 13.6% from September...
New aluminum warehousing rules may impact prices, profits
Goldman Sachs Group Inc.'s controversial Romulus-based aluminum warehousing operation, Metro International Trade Services LLC, faces new rule changes to cut wait times for metal delivery that could challenge its profitability. The London Metal Exchange, which oversees the trading of metal futures,...
North American aluminium market encouraged by LME rules
Aluminium consumers and some North American aluminium producers applauded sweeping changes announced on November 7 by the London Metal Exchange. Atlanta-based Novelis is encouraged by the development, chief supply chain officer Nick Madden said in a e-mail to AMM. “At first review, the rule changes...
Novelis hopes to raise US recycling rates with its 'evercan' project
The recycling rate for aluminum cans in the US is a mere 55%. That's below the global average of about 70% and well below rates of better than 90% than Scandinavian countries can boast – or Brazil's 98% recycling rate. The low US rate represents an enormous waste of materials and energy – and a big...
Orbite files preliminary prospectus and binding commitment for $40 million in additional funding
Orbite Aluminae announced today that it has filed a preliminary short form prospectus with the securities regulatory authorities in Quebec, Ontario, Alberta and British Columbia, in connection with a "best efforts" marketed offering of up to $16 million in Units comprised of Convertible Unsecured...
Northern Indiana aluminum processor invests on processing facility
The owner of a northern Indiana aluminum processor says the company has invested $5 million in a new building that could employ up to 65 workers within the next two years. Champagne Metals showed off its new 85,000-square-foot processing and distribution center Wednesday in Middlebury, about 30...
TMS 2014 to be held in San Diego, USA in 2014
Now in its 143rd year, the The Materials Society (TMS) Annual conference and exposition meets at the San Diego Convention Centre, USA in 2014. The TMS 2014 Annual Meeting will present nearly 70 symposia covering a broad range of topics related to materials science and engineering. Although largely...
Alcoa CEO calls aluminum unavailability caims a ‘Myth’
Alcoa Inc. (AA), the largest U.S. aluminum maker, said claims by some consumers that the metal is unavailable are incorrect. The claims are “a total myth,” Chief Executive Officer Klaus Kleinfeld said today in a presentation to investors in Cleveland, Ohio. None of its customers have stated to...
BASF completes expansion project in Vidalia
BASF Corporation representatives joined local community leaders at the BASF Vidalia site to celebrate the completion of an expansion with an official ribbon-cutting ceremony. The project increases production capacity of activated alumina adsorbents and consolidates regional manufacturing activities...
Noranda Aluminum Ex-Dividend date scheduled for November 07, 2013
Noranda Aluminum Holding Corporation ( NOR ) will begin trading ex-dividend on November 07, 2013. A cash dividend payment of $0.01 per share is scheduled to be paid on December 05, 2013. Shareholders who purchased NOR stock prior to the ex-dividend date are eligible for the cash dividend payment....
Kaiser Aluminum Corporation to present at 4th annual metals, mining & materials conference
Kaiser Aluminum Corporation today announced that Daniel J. Rinkenberger, Executive Vice President and Chief Financial Officer, will present at the Cowen and Company 4th Annual Metals, Mining & Materials Conference in New York on Tuesday, November 12, 2013 at approximately 1:45pm Eastern. A live...
Hindalco inches up amid volatility as US subsidiary announces price hike
Hindalco Industries rose 0.73% to Rs 116.85 at 13:09 IST on BSE after the company's US subsidiary Novelis on Monday, 4 November 2013, announced a price increase on its aluminum automotive sheet products in North America. Meanwhile, the S&P BSE Sensex was down 135.27 points or 0.64% at 21,104.09. On...
