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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Jindal highlights significant growth at SAPA Aluminum Facilities
Today, Governor Bobby Jindal and Sapa Excursions LLC Plant Manager Ron Ballman highlighted the growth of Sapa’s two manufacturing facilities in Delhi. Sapa, the world’s largest aluminum extruder, agreed to move its Redd Team production line from Magnolia, Arkansas to a newly created Louisiana...
U.S.summons Goldman in inquiry of aluminum warehouses
Goldman Sachs has been subpoenaed by federal regulators investigating complaints that the financial giant’s metals warehouses have intentionally created delays and inflated the price of aluminum. The Commodity Futures Trading Commission has issued subpoenas to Goldman and owners of other major...
Novelis rolling out aluminum investment plan
Novelis is spending $200 million on its rolled-aluminum plant in Oswego, NY, so the company can quadruple its output for the automotive industry and permit several new all-aluminium vehicles to be built in North America. Novelis had been selling aluminum for hoods, liftgates and some roofs for...
Patriot Aluminum building new HQ in Louisa County
Patriot Aluminum is moving its headquarters from Albemarle County to Louisa County. The new 30,000-square-foot facility will be located in the Ferncliff Business Park about a half-mile from Interstate 64. The existing headquarters is in Earlysville. The company broke ground for the new $1.5 million...
Honda to invest $215 million in Ohio operations
Honda Motor Co said on Wednesday it will invest about $215 million in its Ohio manufacturing operations to add new powertrain technology and two training centers. The Japanese automaker said about $180 million will be spent at its Anna, Ohio, engine plant to expand capabilities in aluminum die...
CME Group announces trading of the first Aluminum Midwest Premium contracts
CME Group, the world's leading and most diverse derivatives marketplace, today announced the first Aluminum MW U.S. Transaction Premium Platts (25MT) Futures (AUP) contracts were traded on Thursday 8 August. This trade was brokered by Jeffries Bache. Yesterday's trade was a 54 lot strip transaction...
Aluminum fifth wheel now available from all Class 8 OEMs
SAF-Holland has announced its FWAL aluminum fifth wheel is now available for factory installation with all Class 8 OEMs. The fifth wheel is approved for on-highway applications and is touted as the world’s lightest weight and only aluminum standard-duty fifth wheel. The FWAL reduces weight by up to...
Rio Tinto Alcan announces the closure of its aluminum smelter in Quebec by November end
Rio Tinto's Alcan division said on Wednesday it will shut down its aluminum smelter in Shawinigan, Quebec, by the end of November. The company said it will immediately shut down 50,000 tonnes of production and take the remaining 50,000 tonnes of capacity offline by the end of November. Some 425...
Real estate holding company acquires central NY aluminum casting plant
Northern Industrial Holdings LLC will demolish and redevelop a former aluminum casting factory near Syracuse, NY. The Delaware real estate holding company, which redevelops industrial sites, acquired the Oberdorfer foundry in DeWitt, NY from Wre Properties LLC, according to a report by The...
The Aluminum Association applauds formation of the Bipartisan Congressional Aluminum Caucus
The Aluminum Association today commends Members of Congress for forming the bipartisan Congressional Aluminum Caucus. Under the leadership of Representatives Larry Bucshon (R-IN), Suzan DelBene (D-WA), Bill Johnson (R-OH) and Bill Owens (D-NY), the recently formed Caucus will educate policy makers...
North American aluminum demand rose 1.2% : Aluminum Association
According to preliminary data released by the Aluminum Association, the North American aluminum demand during the first five months of the year rose 1.2% over the same period last year. The North American aluminum demand through May this year totaled 10.252 billion pounds. Out of this, the demand...
Alcoa appoints new communications head
Alcoa announces that effective September 1 Libby Archell is appointed Vice President of Corporate Affairs. Reporting to Klaus Kleinfeld, Alcoa Chairman and CEO, Ms. Archell will be a member of Alcoa's Executive Council and have responsibility for communications activities that impact Alcoa's...
Ohio regulator rejects Ormet's request for subsidized power
Ohio's state utility regulator on Wednesday rejected Ormet Corp's appeal for an expedited decision on the aluminum producer's request for lower electricity rates, which it said are crucial to operating its aluminum smelter and alumina refinery. The ruling by the Public Utilities Commission of Ohio...
North American aluminum demand up 1.2%
US and Canadian aluminum demand, defined as shipments by domestic producers and imports, reached an estimated 10.252 billion pounds in the first five months of 2013, 1.2% more than that of the same period last year, according to preliminary estimates released Tuesday by the Aluminum Association....
Aluminum Association hires new vice president of public affairs
The Aluminum Association has hired Joe Quinn as its new vice president of public affairs, effective July 15. Quinn’s responsibilities will include overseeing the association’s policy communications, advocacy strategies and media relations. Prior to joining the Aluminum Association, Quinn served as...
U.S. Aluminum Premium seen falling as lawmakers review storage
The premium aluminum buyers are expected to pay for supplies in the U.S. fell for a second week as lawmakers stepped up scrutiny of bank involvement in warehousing, according to Harbor Intelligence. The premium slipped to 11.5 cents to 12 cents a pound this week, from 11.8 cents to 12 cents a pound...
USA: Brewer sets ball rolling on aluminium warehousing reform
Tim Weiner, MillerCoor's global risk manager has drawn attention to the LME warehousing situation and its effect on aluminium pricing and delivery. Mr Weiner highlighted what he called the development of an 'economic anomaly' in the global metals market that has resulted in higher prices despite a...
US Aluminum services ranked one of the largest hispanic-owned companies for third year in a row
HispanicBusiness 500 has ranked the largest U.S. Hispanic-owned companies according to revenue for the past 30 years. Now in its 31st year, Florida companies have dominated the list and included is US Aluminum Services, a construction company located in Orlando, Florida. In business since 2004, US...
