What happens when an automaker starts building a business beyond cars? For Hyundai Motor Co., robotics is becoming a key part of that shift, with the company moving from using robots in its factories to developing, manufacturing and deploying them at scale. Hyundai is laying the groundwork to...
The overseas primary aluminium spot market remained subdued this week. Although limited restocking briefly improved trading activity in South Korea at the beginning of the week, the recovery was not sustained, and transactions weakened again from midweek. Elsewhere in Asia, the traditional...
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South Korea, the 7th largest export economy in the world, exported $483 billion worth of goods in 2016. The country’s exports decreased at an annualized rate of -6.156% during the last five year years. South Korea exported 262 tonnes of alumina in October to China, one of the major trade partners....
China’s imports of alumina increased 21 per cent year-on year to 277,674 tonnes in October. For the ten months from January to October 2017, imports were up at 2.51 million tonnes, according to the latest import-export data published by China General Customs. In October, Australia and Vietnam were...
In the forthcoming Winter Olympics which will be held in February 2018 in South Korea, the U.S. snowboarding team athletes will take to the field in lightweight “retro-futuristic” outfit coated with aluminium. Source: www.stowetoday.com The jackets resembling spacesuits will have hand-drawn patches...
Auto sales in South Korea's domestic market dropped in October on less business days, industry data showed last week. The number of car sales by five South Korean companies, including Hyundai, Kia, Renault Samsung, GM Korea and Ssangyong, totalled 112,729 in October, down 11 per cent from previous...
China’s imports of alumina increased in the month of August. The country’s imports of alumina totalled 287,138 tonnes in August 2017, up 123 per cent year-on year. During January-August, imports were down at 1.95 million tonnes, according to the latest import-export data published by China General...
Wonmin Park, the Korean designer, has recently launched a new collection of limited-edition tables (his signature) in patinated aluminium, another experiment in his furniture line. The collection that is comprised of high and low tables is being presented by Carpenters Workshop Gallery at PAD this...
Novelis, the world leader in aluminum rolling and recycling, announced Friday, September 29, that it completed the transaction for its joint venture with Kobe Steel, Ltd., a producer of aluminum rolled products in Japan. The joint venture, Ulsan Aluminum, Ltd., was formed by Novelis selling Kobe...
South Korea is one of the fast growing economies and recently the country raised its growth outlook for this year and vowed to maintain an expansionary fiscal policy that would support job creation. The government projected economic expansion of 3% in 2017, the fastest since growth of 3.3% seen in...
South Korea is the 9th largest importer in the world. The country’s imports of commodities increased at an annualized rate of 0.6%, from $408B in 2010 to $422B in 2015. South Korea imports large quantities of alumina to meet the domestic demand. Australia and Japan are the top suppliers of alumina...
Nigeria is the 49th largest export economy in the world and the 107th most complex economy according to the Economic Complexity Index (ECI). The country exports raw aluminium and scrap aluminium to name a few around the globe. {newsStudioGallery} Nigeria’s Alscon, an 85%-owned subsidiary of...
According to data from the Korea Nonferrous Metal Association (KONMA), South Korea has increased its sales volume of aluminium foil on a yearly basis in first half of 2017. The nation’s sales, both domestic and international rose in the mentioned period. South Korea’s sales by aluminium foil...
China, being a net importer of alumina, witnessed an increase in alumina import in July 2017, according to the latest import-export data published by China General Customs. China’s import of alumina totalled 284,504 tonnes in July 2017, up 29.36 per cent year-on year. January-July imports were down...
<p>On Monday June 12, President Donald Trump announced at a Cabinet meeting that the United States will soon implement new legislation to control the dumping of foreign steel and aluminium in the country.</p> <p style="text-align: center;"><img style="vertical-align: middle;"...
<p>The global metal automotive sheet market is expected to grow at a moderate 3.7 per cent CAGR from 2017 to 2025, shows data in a recent market research report by Transparency Market Research. According to the report, the growth that is to be mainly driven by lightweight automotive market will...
<p>Novelis Inc., the world leader in aluminium rolling and recycling, announced today that it has entered into a joint venture agreement with Kobe Steel, Ltd., a producer of aluminium rolled products in Japan. The joint venture, to be named Ulsan Aluminium, Ltd., will be formed by Novelis, selling...
<p>Aluminium scrap export from Japan to South Korea declined in March 2017. The South East Asian country has reportedly turned to Zorba scrap and the US twitch as they have been found to be more economical. March 2017 aluminium scrap export from Japan to South Korea stood at 1,764 tonnes, down from...
<p>South Korea is today one of the key aluminium markets in Asia with consumption of 21,5 kg per capita compared to 15+kg per capita for developed countries, mostly driven by growing end user demand in the automotive, construction and electronics and communication sector. Studies...
<p>i2r Packaging Solutions, a leading European manufacturer of aluminium foil containers, has announced that the company has acquired its former South Korean distributor. However, the company has not provided any details on acquisition cost.</p> <p><img style="vertical-align: middle;"...
