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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Aluminium stocks hit record 5.17m tonnes on LME
Inventories of aluminium registered by the London Metal Exchange (LME) rose on Tuesday to an all-time record of 5.17 million tonnes in a market with a structural surplus. Stocks have surged since the 2008 financial crisis as banks spotted money making opportunities from financing deals that...
USW approves new four year contract with Noranda Aluminum
Noranda Aluminum Holding Corporation (NYSE: NOR) announced that on Tuesday, November 20, 2012, United Steelworkers of America ("USW") members at its rolling mill in Salisbury, North Carolina ratified a new four-year contract. The contract covers approximately 90% of the workforce in Salisbury. "We...
Reliance Steel & Aluminum Announces November Conference Participation
Reliance Steel & Aluminum Co. announced today that David Hannah, Reliance Steel & Aluminum Co.'s Chairman of the Board and Chief Executive Officer; Gregg Mollins, President and Chief Operating Officer; and Karla Lewis, Executive Vice President and Chief Financial Officer, will participate in the...
Kobe Aluminum to expand Bowling Green project
Kobe Aluminum Automotive Products LLC is expanding its operations in Bowling Green. The company plans to create 15 new, full-time jobs and invest $11 million in the construction of a new 39,000-s.f. building and the purchase of new equipment. Kobe Aluminum Automotive Products LLC, a joint venture...
Alcoa, Novelis say aluminum recycling joint venture split is good for both
In late August, Alcoa Inc. took full control of Evermore Recycling LLC, a company formed nearly three years ago in a joint venture between Alcoa and fellow aluminum recycler Novelis Inc. The split, initiated by Novelis, came as a surprise to Alcoa. "We didn't know that this was going to take place,...
Stock Investors Bid Up Shares of Century Aluminum
Century Aluminum is one of today's notable stocks on the rise, up 3.5% to $7.10. The S&P is trading higher by 1.6% to 1,381 and the Dow is trading 1.3% higher to 12,746. Century Aluminum Company produces primary aluminum, in both molten and ingot form, through facilities located in the United...
Commission sets date to reconsider power rate for Century Aluminium
The state Public Service Commission has set a Dec. 14 date to respond to requests to reconsider the special power rate it proposed for Century Aluminum's Ravenswood plant. But in the order setting that date, the commission took issue with the way Century has responded in the case. Century has been...
Century Aluminum Earnings Down 9.7% in the Last 16 Days
When Century Aluminum reported earnings 16 days ago on November 1st, 2012, analysts, on average, expected the company to report a loss of $0.27 on sales of $295.7 million. The company actually reported a loss of $0.11 per share on sales of $304.6 million, beating EPS estimates by $0.16 and beating...
America Recycles Day Raises Nearly $183,083 for Charities
As the nation celebrated America Recycles Day, the aluminum beverage can industry announced it had collected and recycled more than 235,100 lbs. of cans, raising nearly $183,830 for local charities across the country, the Can Manufacturers Institute (CMI) announced today. The Rexam North American...
US Aluminum Services Ranked in HispanicBusiness 500 for the Second Year in a Row
The power of Hispanic-owned firms in America's corporate world continues to increase. Ranking the 500 largest Hispanic-owned companies in the United States annually, HispanicBusiness 500 is a measure of performance and progress. This is the 30th anniversary of the HispanicBusiness 500 and it has...
Bud Light Celebrates America Recycles Day
As part of America Recycles Day, Bud Light is encouraging football fans across the United States to always recycle, whether tailgating before a game or enjoying the action at home. In order to help raise awareness for this important message, the Bud Light Recycling Zone, an interactive traveling...
New Report Recommends Aluminum as Primary Structural Component in Infrastructure Development
Aluminium can be used as a primary structural component in bridge decks, bridge girders and cross bracing, say the authors of a study on potential applications of aluminium that was completed earlier this year for the Aluminium Association of Canada. Dr. Scott Walbridge, P.Eng., of the Department...
Trailer manufacturer ALCOM to open plant in Bonner
A Maine-based aluminum trailer manufacturer set to move in at the old Stimson mill site in Bonner could bring as many as 60 jobs to the area by early 2013. The Aluminum Company of Maine Inc. has signed a lease to establish a 70,000-square-foot manufacturing facility inside the plywood building on...
EDA approves loan for aluminum company in West Virginia
The West Virginia Economic Development Authority voted to approve a $2 million loan to Skana Aluminum Co. at its monthly meeting on Thursday morning. The 20-year loan will help Skana purchase a building currently owned by Family Aluminum in Clarksburg. On Sept. 20, the EDA approved the transfer of...
Rio Tinto Alcan to increase its contribution to the Regional Aluminium Transformation Fund
Rio Tinto Alcan is increasing its contribution to the Saguenay-Lac-Saint-Jean Regional Aluminium Transformation Fund by 275,000 dollars. The Fund aims to stimulate and strengthen competitiveness among regional aluminium transformation companies. The Rio Tinto Alcan contribution now totals...
Rusal expects China’s aluminium demand to improve
Russia’s United Company RUSAL, the world’s top aluminium producer, said it expected orders to pick up towards the year-end due to a rebound in China. Tepid demand for aluminium in an oversupplied market has weighed on producers including Aluminum Corp of China Ltd. Prices have slumped 10 percent...
Secondary aluminum alloy prices fall again
Free-market aluminum alloy prices suffered further drops this week despite a relatively stable scrap pricing market, with some producers holding the line on higher quotes in pursuit of a profit margin. A380.1 dropped to a range of 99 cents to $1.01 per pound from $1 to $1.02, while 319.1 eased to...
Aleris International reports higher third-quarter earnings
Aleris International Inc. has reported improved third-quarter earnings despite lower sales compared to a year earlier. The producer of rolled aluminum products and aluminum recycler said its net income in the quarter rose 18%, to $33 million from $28 million. Sales at Aleris fell 13%, to $1.08...
