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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Novelis introduces its first “high recycled content” aluminium production
International recycler Novelis has launched what it has said is the first independently certified, “high-recycled content” aluminium production. The firms can product, aluminium can body sheets guaranteed to contain at least 90% recycled content, is being offered to European and North American...
Alcoa to invest $275m in automotive aluminium sheet production
US-based aluminium products producer Alcoa said it would invest $275-million over the next three years to expand and convert capacity at its rolling mill in Alcoa, Tennessee, to support automotive producers’ plans to use more aluminium sheet to increase fuel efficiency, safety, durability and...
Noranda Aluminum's ex-divident date scheduled for 2nd May 2013
Noranda Aluminum Holding Corporation will begin trading ex-dividend on May 02, 2013. A cash dividend payment of $0.04 per share is scheduled to be paid on May 29, 2013. Shareholders who purchased NOR stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 5th...
Alcan suspends anode output at Alma aluminum smelter
Rio Tinto Alcan has suspended anode production at its 424,000-tonne-per-year Alma aluminum smelter in northern Quebec while it investigates the cause of a fatal accident overnight. The anode operations at the site will remain shut until further notice after an employee died following an accident at...
Century Aluminum to buy Sebree aluminum smelter
Century Aluminum Co. said Monday that it is buying the Sebree aluminum smelter from a subsidiary of Rio Tinto Alcan Inc. for about $61 million in cash. The news sent the Monterey, Calif.-based aluminum company's shares up 90 cents, or 13 percent, to $7.64 in afternoon trading. Under the agreement,...
Noranda Aluminum Holding given new target price of $5.00 by Barclays Capital
Noranda Aluminum Holding had its target price trimmed by Barclays Capital from $7.00 to $5.00 in a report released on Thursday, Stock Ratings Network reports. Barclays Capital currently has an equal weight rating on the stock. Several other analysts have also recently commented on the stock....
Century Aluminum to settle in Chicago by July
Century Aluminum Co. hopes to move into its new headquarters in Chicago in July, according to company officials. "We believe (the move) will come in on time and under budget, so that when we talk to you in July to report the second quarter, we'll be talking to you from our new offices in...
Encore to slowly ramp up aluminum wire production
Copper wire producer Encore Wire Corp. will slowly ramp up aluminum wire production at its new plant in McKinney, Texas, this year. Staying competitive in this industry will be challenging as competitors are willing to cut prices in order to keep customers, Encore said. "We are trying to be really...
Century Aluminium continues working on power arrangements for Ravenswood, Hawesville
The aluminum market continues to be volatile, and Century Aluminum continues to discuss power arrangements for its Hawesville, Ky. and Ravenswood plants, according to Century President and Chief Executive Officer Michael Bless. Century reported a net income of $8.3 million for the first quarter of...
Noranda Aluminum's earning drops 96% in first quarter of 2013
Franklin-based Noranda Aluminum Holding Corp.'s earnings were down 96 percent in the first quarter compared to a year ago, according to the company's latest earnings report. Earnings were $600,000, or 1 cent per diluted share, on revenue of $338.4 million. Analysts, on average, had estimated a loss...
Alcoa to submit draft clean-up plan for Columbia River site
The site of a former aluminium smelter owned by Alcoa on the banks of the Columbia River near Longview are to be cleaned up and transformed into $643 million coal export terminal. The American aluminium giant will submit a draft clean-up plan for the 416-acre site to the state Department of Ecology...
Kaiser Aluminium reports net income of $34 million in first quarter of 2013
Kaiser Aluminum yesterday reported net income of $34 million for the first quarter of 2013 compared to $27 million, or $1.38 earnings per diluted share for the first quarter of 2012. Excluding the impact of non-run-rate items and an $8 million Canadian tax benefit, adjusted net income was $20...
Novelis increases prices for automotive aluminum sheet products
Novelis today announced price increases on its automotive aluminum sheet products in North America. The fabrication price will increase by $0.13 per pound for 5182-series and 5754-series automotive alloys, and by $0.09 per pound for 6000-series automotive alloys. The price changes are effective...
Aluminum Association elects three new Board members
Today, the Aluminum Association announced the addition of three new members to its Board of Directors. The Board provides strategic guidance and direction to the Association in promoting the production and use of aluminum as the sustainable material of choice. The appointments were finalized during...
TRUMPF hosts laser welding of aluminum event
More than 125 people gathered at TRUMPF’s Laser Technology Center in Plymouth, MI, on April 4, 2013, for a technical seminar on laser joining of aluminum. Attendees learned about autogenous laser joining, the benefits of using filler wire, remote laser welding, and laser joining in the European...
North American aluminum demand rises 1.4%
Aluminum demand (shipments by domestic producers, plus imports) in the US and Canada totaled an estimated 3.908 billion lb through February, up 1.4% over the same time period last year, according to preliminary estimates released Friday by the Aluminum Association. Demand for semi-fabricated (mill)...
Henkel introduces pretreatment process to increase aluminum use in vehicle manufacturing
Henkel Corporation's automotive group today announced the North American production debut of its BONDERITE Flex Process on the 2013 Ford F-150. The Flex Process, used on the body of the 2013 F-150, enables a significant increase in aluminum content on vehicles by replacing the traditional zinc...
Aluminum casting company establishing plant in Laurens
Alupress AG, an aluminum casting company based in Italy, said it will establish its new production facility in Laurens County. The $19.9 million investment is expected to generate 57 new jobs. “We are pleased with the opportunity to move forward with plans to locate our new production facility in...
