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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Alcoa introduces new aluminum wheel alloy
Alcoa Wheels rolled a new aluminum wheel alloy, its first in 45 years, at the American Trucking Associations Management Conference and Exhibition on Sunday in Orlando, Fla., and will introduce its first new truck wheel featuring this alloy early next year. Called MagnaForce, Alcoa says it is 16.5%...
Novelis maintains recycled content targets despite scrap tightness
US aluminum sheet maker Novelis remains on track to reach 80% recycled content by 2020 despite a persistently tight scrap scenario, Marco Palmieri, president of Novelis North America, said in an interview late Wednesday. Palmieri, formerly president of Novelis South America, was named as head of...
Aluminum Association study considers Aluminum a key part of U.S. manufacturing base
A new study released today confirms the growing importance of the domestic aluminum industry to the U.S. economy. Research conducted by economic research firm John Dunham & Associates found that the U.S. aluminum industry directly employs more than 155,000 workers and generates $65 billion in...
Ormet gets bankruptcy plan filing extension
US aluminum producer Ormet has been given a three-month extension -- until February 20, 2014 -- to file a Chapter 11 reorganization plan by a federal bankruptcy court in Delaware. In a Tuesday order, US Bankruptcy Court Judge Mary Walrath also gave the Hannibal, Ohio-based company until April 22,...
Doug Richman at Kaiser Aluminum named 2013 Marlan Boultinghouse Award Winner
Doug Richman, Vice President of Engineering and Technology at Kaiser Aluminum, was named this year's Marlan Boultinghouse Award winner at the Aluminum Association's 80th annual meeting. The Boultinghouse Award is the highest award given by the North American aluminum industry. "This award...
Novelis to open new aluminum facility expansion in New York in October
Leading aluminum recycler, Novelis, is celebrating the opening of a $200-million auto finishing line expansion to its aluminum rolling operations in Oswego, N.Y. On October 24, 2013, the facility will open to meet a growing demand from the automotive industry for lighter, more sustainable...
Century aluminum sets date for third quarterearnings announcement
Century Aluminum Company will report third quarter 2013 earnings on Monday, November 4th after the close of market trading. The news release will be issued through Marketwired. The company will hold a follow-up conference call on Monday, November 4th at 5:00 p.m. Eastern time. The earnings call...
September US aluminum shipments rise 8.2% year on year
US service centers shipped 121,700 mt of aluminum products in September, up 8.2% compared with September 2012, the Metals Service Center Institute said Tuesday. Aluminum shipments in the first nine months of 2013 totaled 1.122 million mt, 3.4% below the same period last year, MSCI said in a...
Ranger Boats to roll out new aluminum model
Flippin- A venture by Ranger Boats into the aluminum boat market marches on with a roll-out scheduled next month for two V-hull models. Ranger Boats President Randy Hopper says most of 370 boat dealers in the Fishing Holdings LLC organization have taken quickly to the new aluminum models...
JLR sales up 17% in September 2013
Taking the period January to September 2013, Jaguar Land Rover experienced a 16% increase in sales as they sold 312,834 units during the nine month period. The company has experienced increased demand in all major regions. Sales across China increased 46% while sales in Asia Pacific increased 29%,...
Ohio governor blames weak global aluminum market for Ormet bankruptcy
Ohio Governor John Kasich suggested Monday that bankrupt Ormet Corp.'s troubles are tied mainly to the weak global aluminum market, and that the state has provided more than its share of financial aid to the embattled US aluminum producer. Kasich, a first-term Republican, did not respond...
North American aluminum mill order index down 10.7% in September
The North American net new aluminum mill order index fell 10.7% in September compared with August, a report released late Tuesday by the Aluminum Association showed. New mill orders decreased 4.6% compared with September 2012's total. Year to date, the index is down 4%, the report said. September...
Noranda Aluminum Holding Corp. Upgraded to Neutral by Zacks
Zacks upgraded shares of Noranda Aluminum Holding Corp. (NYSE:NOR) from an underperform rating to a neutral rating in a research note released on Tuesday morning, Stock Ratings Network reports. They currently have $2.40 target price on the stock. A number of other analysts have also recently...
Aluminum Association announces new board members at annual meeting
The Aluminum Association announced today a number of changes to its Board of Directors, including a new Chairman, Vice Chairman and members of the Board Class of 2016. In addition, the Association added two new member companies, AMCOR and Superior Flux and Manufacturing, bringing total membership...
Aerospace Segment helps Alcoa gain profit despite low price
Alcoa Inc. (AA), the largest U.S. aluminum producer, reported better-than-forecast quarterly earnings after its smelting business returned to profitability and results improved at a unit that makes auto and aerospace parts. Third-quarter net income excluding plant-closing costs and other one-time...
Orbite announces changes to its Management Team
Orbite Aluminae Inc. today announced changes to its leadership team in order to further expedite the achievement of its near-term and long-term goals. Mr. Denis Arguin, Vice President Operations has been promoted to Vice President Engineering and Operations. In this capacity, he will be replacing...
AluSolutions 2013 announces free entry for all attendees
Organisers announced today that entry to the AluSolutions 2013 conference and exhibition taking place in Montreal later this month will be free-of-charge for all attendees. The event will take place at the Palais des congrès in Montreal, Canada during 22, 23 & 24 October 2013. The conference offers...
Kaiser’s Mead smelting plant undergoes demolition
Thousands of people drew paychecks from the sprawling Kaiser Aluminum smelter in north Spokane during its more than 50 years of operation. The California company that bought the Mead site last year is about a third of the way through a project to put people to work on the property again, this time...
