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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Century Aluminum reports $12M loss in third quarter
Century Aluminum announced Nov. 1 a net loss of $12 million for the third quarter of 2012, according to a news release from the company. Financial results were positively impacted by a net benefit of $4.1 million related to certain litigation items, according to the news release. The news release...
MISUMI Announces West Coast Availability of Aluminum Extrusions
MISUMI USA, Inc., a subsidiary of MISUMI Corporation, part of MISUMI Group, Inc., announced today the addition of its expansive line Aluminum Extrusions and accessories to its West Coast Distribution Center. Typical applications for aluminum extrusions include: safety guarding, enclosures, work...
Japan aluminum diecaster Aisin's H1 sales surge 27%
Japan's largest aluminum diecaster Aisin Seiki Wednesday posted consolidated sales revenue of Yen 1.3 billion ($16 million) for the six months to September 30, up 27.1% year on year. The company kept its full year sales forecast unchanged at Yen 2.5 billion, but revised down its full year net...
Century Aluminum Reschedules its Third Quarter Earnings Announcement Due to Hurricane Sandy
Century Aluminum Company announced today that in light of the anticipated severe weather associated with Hurricane Sandy and the unexpected close of the financial markets early this week, the company has rescheduled its third quarter 2012 earnings announcement to Thursday, November 1, 2012. The...
The Aluminum Association Elects New Leaders At Annual Meeting
The Aluminum Association's membership re-elected four members of the Board of Directors per the work of the Association's Nominating Committee chaired by Tony Farraj, Commercial Vice President for Global Can Sheet at Alcoa. The Association elected Jean Simon, President and Chief Executive Officer,...
Flexibe Aluminum Powerline ALU Cable launched
Manufacturing components for the wind turbine industry have certainly come along way. With cost and efficiency driving concerns to the customer, manufactures have had to raise the bar to stay competitive. Hi Tech Controls is carying a new Flexible Aluminum POWERLINE ALU. This diesel locomotive...
Aluminum Demand to increase due to Auto Industry
In an exclusive interview with MetalMiner at Aluminum Week in Chicago, Aluminum Association president Heidi Biggs Brock echoed the big point of the overall conference: that the automotive sector is truly driving aluminum demand: Automotive ‘Lightweighting’: Boon for Producers and Prices? From his...
CME expects aluminium premium swaps trades by end-year
CME Group (CME.O) expects to see the first trades in its new aluminium swap futures contract by the end of this year as it taps consumer frustration with having to pay steep surcharges to get metal in the midst of a glut, the exchange's head of metals said. The contract is based on the Platts...
Union rep says Rehberg wouldn’t help CFAC restart
In the 1990s, the Columbia Falls Aluminum Company (CFAC) employed more than 500 workers producing aluminum that was sent to customers around the world. Cheap power within the region made this energy-intensive industry a perfect match for the Flathead. Unfortunately, in 1999 a foreign company named...
Noranda Aluminum posts $3.8M 3Q earnings
Noranda Aluminum Holding Corp.'s earnings dropped sharply in the third quarter over the previous year, though the company beat analyst expectations. The company (NYSE: NOR) reported earnings of $3.8 million on revenue of $336 million for the quarter ended Sept. 30. Those numbers were far higher, at...
Alcoa Names 2012 Top North American Scrap Suppliers
Alcoa AA +0.33% today recognized the Top North American Scrap Suppliers for 2012. This marks the eighth consecutive year that Alcoa's Scrap purchasing group has honored the best suppliers in terms of safety, quality, volume, breadth of supply to multiple locations, and delivery performance....
Regulators approve deferred electric payments by Ohio aluminum company trying to avoid
State regulators are allowing a large Ohio aluminum manufacturer to defer electric bill payments for the remainder of the year. Ormet Corp., located near Hannibal in eastern Ohio, has benefited from a unique electric-rate subsidy with American Electric Power that has reduced its costs by more than...
Rio Tinto's Q3 aluminum production falls 10 per cent due to Quebec lockout
Global mining giant Rio Tinto said Tuesday production of several metals including iron ore and copper increased in the third quarter, but aluminum output was down 10 per cent from a year ago as it continued to ramp up following the end of a lengthy labour dispute in Quebec. Rio Tinto Alcan's share...
USA: Kentucky power consumers happy with Century’s special power rate
Industrial power consumers in West Virginia appear to be happy with the state Public Service Commission's decision to grant Century Aluminium a special power rate reflecting shifts in aluminium prices. The power deal means that Century can re-open its closed Ravenswood aluminium smelter, which...
Hydro and Orkla to form the world's leading aluminium solutions provider
Norsk Hydro ASA and Orkla ASA have agreed to combine their respective profiles, building systems and tubing business, creating the world's leading aluminium solutions provider. The new combined company, to be named Sapa, will be a 50/50 joint venture owned by Hydro and Orkla. br> The agreement...
Atlanta-based Novelis aims for more aluminum scrap
As a leading rolled aluminum products provider, Atlanta-based Novelis is thirsting for more aluminum scrap. By 2020, the company would like scrap to make up 80 percent of its raw material, said Silverio Colalancia, director of recycling for Novelis North America. Colalancia addressed attendees of...
Aluminium leaders involve in can recycling battle
Aluminium industry leaders and former partners Alcoa and Hindalco Industries’ subsidiary Novelis are now competing strongly to collect and recycle the 92.5 billion aluminium beverage cans made in the USA annually, according to the Wall Street Journal. Novelis, which ended the partnership on August...
Canada Stocks Fall to 1-Month Low as Alcoa Cuts Aluminum Outlook
Canadian stocks fell to the lowest level in almost five weeks after Alcoa Inc. cut its aluminum outlook on weakening demand in China, the world’s biggest commodities consumer. Niko Resources Ltd., an oil and gas explorer, slumped 8.5 percent. Enbridge Inc. (ENB) retreated 1 percent. AuRico Gold...
