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North American Jan aluminum shipments up by 6pct from year earlier
16 APR 20121MINS

North American Jan aluminum shipments up by 6pct from year earlier

Reuters reported that demand for US and Canadian aluminum products, measured as shipments from domestic producers plus imports rose by 6.0 percent in January over the year ago period and jumped 14.8% over February. According to the Aluminum Association's Aluminum Situation report, total demand...

CME plans aluminum swaps to capture large OTC market
16 APR 20122MINS

CME plans aluminum swaps to capture large OTC market

CME Group Inc said on Wednesday it plans to launch an aluminum swap futures contract based on the Midwest physical premium, in a move to take advantage of a burgeoning over-the-counter market and compete with the London Metal Exchange's own swap products. The swaps, which are designed for hedging...

Aluminum Association Elects Three to Board
13 APR 20121MINS

Aluminum Association Elects Three to Board

The Aluminum Association has elected three new members to its board of directors. The three new board members are Matt Aboud, vice president and managing director of Hydro Aluminum's Metal Markets in North America; Anthony Farraj, commercial vice president of Global Packaging for Alcoa Global...

Novelis to Close Aluminum Plant in Canada
13 APR 20122MINS

Novelis to Close Aluminum Plant in Canada

Aluminum products maker Novelis Inc, which has cut its fiscal 2012 earnings estimate because of lower shipments and soft demand, will close its Saguenay Works in Jonquiere, Quebec. The plant has 157 staff and production employees and makes aluminum coils to supply other Novelis facilities. It will...

Alcoa reports an unexpected first-quarter profit, closes smelters
13 APR 20122MINS

Alcoa reports an unexpected first-quarter profit, closes smelters

Alcoa, the largest US aluminium producer, reported an unexpected first-quarter profit after orders rose and it closed higher-cost smelting capacity. The shares advanced in German trading. Net income fell to $94 million (Dh345.2 million), or nine cents a share, from $308 million, or 27 cents, a year...

Hydro's Matt Aboud elected to Aluminum Association’s Board of Directors
12 APR 20121MINS

Hydro's Matt Aboud elected to Aluminum Association’s Board of Directors

Matt Aboud, vice president and managing director of Hydro's Metal Markets business in the U.S., will join the Board of Directors of the Aluminum Association, an organization that works globally to promote aluminium as a sustainable and recyclable material. “I think there still is a lot of potential...

Accuride Expanding Forged Aluminum Wheel Production Capacity in Camden, Kershaw County, S.C.
12 APR 20123MINS

Accuride Expanding Forged Aluminum Wheel Production Capacity in Camden, Kershaw County, S.C.

Accuride Corporation (NYSE: ACW), a leading supplier of components to the commercial vehicle industry, today announced plans to expand aluminum wheel production capacity at its Kershaw County plant. The company will invest at least $8.73 million to add two machine lines as part of the expansion,...

Teamsters end strike at Nichols Aluminum
10 APR 20122MINS

Teamsters end strike at Nichols Aluminum

Teamsters Local 371 has ended its strike at Nichols Aluminum but is awaiting the Davenport company’s next move as to whether the employees will return to work, the union president said this morning. Local 371 president Howard Spoon said the union ended its strike Friday afternoon and sent a letter...

Nichols Aluminum picketers put the signs down
10 APR 20122MINS

Nichols Aluminum picketers put the signs down

Striking workers in Davenport are calling it quits. On Friday we spoke with Nichols Aluminum temp workers, just hired on full-time, to see what they have to say about it. Workers said they're hoping folks who were on strike, will have a chance to get their jobs back. But because Nichols just hired...

Romanian Alro plans new aluminum mill to supply increasing US demand for wire
10 APR 20122MINS

Romanian Alro plans new aluminum mill to supply increasing US demand for wire

Romania Insider reported that Romanian aluminum producer Alro owned by Vimetco plans to add a new mill to increase capacity for aluminum wire production in response to higher demand on the US market. Even so, Alro expects a drop in the total aluminum production in 2012 due to a shortage in energy...

US aluminum demand seen strong across most segments: Nichols exec
09 APR 20123MINS

US aluminum demand seen strong across most segments: Nichols exec

The US aluminum market is expected to see strong demand across most segments and even the long-suffering building and construction sector should pick up this year, according to Tom Brackmann, chairman and president of sheet maker Nichols Aluminum, said Wednesday. "There's got to be a pent-up demand...

Aluminum Association Announces Additions to the Board of Directors
06 APR 20123MINS

Aluminum Association Announces Additions to the Board of Directors

Matt Aboud, Tony Farraj & Tom Walpole Will Join the Association's Board of Directors The Aluminum Association elected three new members to its Board of Directors. Matt Aboud, Vice-President and Managing Director of Hydro Aluminum's Metal Markets in North America, Anthony Farraj, Commercial...

Noranda Aluminum Holding Upgraded to “Buy” at Bank of America (NOR)
04 APR 20122MINS

Noranda Aluminum Holding Upgraded to “Buy” at Bank of America (NOR)

Noranda Aluminum Holding (NYSE: NOR) was upgraded by Bank of America (NYSE: BAC) from a “neutral” rating to a “buy” rating in a research note issued on Monday. The analysts wrote, “[We] think the negative catalyst of private equity owner Apollo’s share sale has passed. NOR announced a $1.25/shr...

Allentown participating in aluminum can recycling contest
03 APR 20122MINS

Allentown participating in aluminum can recycling contest

Allentown is among several cities across the country competing in a contest for recycling aluminum can beverages. The winning city could receive up to $50,000 from the U.S. Conference of Mayors through the Cans for Cash Challenge, according to the city. "We have a fantastic recycling program in the...

West Virginia Gov marking tax to reopen Century aluminum plant
03 APR 20124MINS

West Virginia Gov marking tax to reopen Century aluminum plant

Hoping to restore hundreds of manufacturing jobs, Gov. Earl Ray Tomblin signed tax legislation Monday meant to help Century Aluminum reopen its Jackson County plant. But several hurdles await as the California-based metal producer considers restarting the Ravenswood smelter that it idled in 2009,...

Atlanta's Novelis works to build name, attract workers
03 APR 20122MINS

Atlanta's Novelis works to build name, attract workers

Novelis bills itself as the world's largest producer of rolled aluminum and the leader in beverage can recycling. It employs 11,000 people in 11 countries, and its customers include big names such as Coca-Cola and Anheuser-Busch. But here in Atlanta, where it is headquartered, the company is...

Kaiser Aluminum Corporation (KALU) - Financial and Strategic SWOT Analysis Review
02 APR 20124MINS

Kaiser Aluminum Corporation (KALU) - Financial and Strategic SWOT Analysis Review

Financial and Strategic SWOT Analysis Review - Kaiser Aluminum Corporation (Kaiser) is a metal production company. It is engaged in the manufacturing and marketing of semi-fabricated aluminum products. The company produces rolled, extruded, and drawn aluminum products, which are broadly classified...

Fire damages aluminum furnace at Alcoa plant in NY
30 MAR 20121MINS

Fire damages aluminum furnace at Alcoa plant in NY

An explosion and fire at an Alcoa Inc. plant in northern New York has damaged an aluminum melting furnace but caused no injuries A spokeswoman for Pittsburgh-based Alcoa tells the Watertown Daily Times (http://bit.ly/GWmo2y ) that about 60 people were evacuated after the melter malfunctioned at...