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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As the global car industry is going greener, South Korean carmakers are working on making car bodies as light as possible to guarantee higher fuel efficiency, meaning less greenhouse gas emissions. Kia Motors Corp. said Thursday that it used aluminium made by U.S.-based leading automotive aluminium...
Directorate General of Customs Valuation Karachi has revised customs values on the import of Aluminium Hydroxide/Alumina Hydrate from India, China, Korea, India, USA, EU and Japan for assessment of duty/taxes. The directorate has superseded Valuation Ruling No 233/2010, dated 09-03-2010 through a...
Warehouse firm Metro International Trade Services, at the heart of a controversy surrounding queues to get metal released from storage is planning to charge the highest rents for aluminum stocks in warehouses approved by the London Metal Exchange. Data from the LME last week showed Metro is...
Falling official inventories of aluminium are offering a deceptive picture of stronger fundamentals, while unreported stocks are surging to record highs, threatening to weigh on already hard-hit prices. The build-up of inventories is off the radar of many investors since most are in unregistered...
Korean engineers have shown that a specially-designed aluminium surface could help improve the air quality produced by air-conditioning units. The issue is that aluminium – which most commercial evaporators are made from – isn’t inherently antimicrobial, so requires careful and frequent cleaning to...
Novelis, the global leader in aluminum rolled products and recycling, announced today that it has been awarded the Grand Prize in the Green Management Excellence category of the 2015 Global Standard Management Awards, held under the co-sponsorship of the Korea Management Association (KMA) and the...
Novelis, a global producer of rolled aluminum and a recycler of beverage cans, has introduced a wide range of environmentally friendly, energy-efficient aluminum construction materials to capitalize on the country's booming housing market. The company said that it is taking part in the Korea...
Old-fashioned steel has been one of the most reliable and ubiquitous building materials for centuries, so it might seem a bit outmoded to talk of a steel breakthrough. But researchers at Pohang University of Science and Technology in South Korea may have made steel cool again, not to mention...
Hyundai has officially unveiled the mildly updated 2016 Sonata sedan at the Frankfurt Motor Show, featuring a revised exterior design and more standard equipment. The 2016 Sonata continues to showcase Hyundai’s latest styling language, but at the front is a more aggressive bumper bar layout for the...
Extensive market research has revealed that Asia Pacific is the largest market of high-purity alumina (HPA) attributed mainly to the high concentration of allied industries such as semiconductor and electronics equipment manufacturing industries in China, Taiwan and South Korea. It is then followed...
Uzbekistan and South Korea will jointly produce aluminum parts by high-precision injection molding. A relevant agreement on the organization of production was signed between Uzbekistan's Uzavtosanoat Joint Stock Company and the Korean INZI AMT Co., Ltd, Uzavtosanoat reported. The sides also agreed...
South Korea's aluminum rolled products sales increased in January-July, an increase of 0.8% year on year. Meanwhile, the country's aluminum cold rolled export sales increased by 20% year on year, despite domestic sales fell further. Novelis, the largest manufacturer in South Korea, said the...
South Korea reported significant growth in aluminum semis exports during H1, in sharp contrast with falling sales in domestic market. The country exported 296,945 tonnes of aluminum semis in H1, up 39.1% year-on-year, according to the Korea National Statistical Office. Domestic sales, however, fell...
Platts, a leading global energy, petrochemicals and metals information provider and a premier source of benchmark price references, this month launched a weekly primary aluminum assessment for aluminum spot cargoes delivered to South Korea. The new price reference, known as Platts CIF Korea Spot...
Lightweight metals leader Alcoa today announced that it is supplying a high-strength, aerospace-grade aluminum to Samsung for its latest smartphones —the Galaxy S6 and S6 edge. This marks the first time the global electronic giant will use an aluminum frame for its Galaxy S flagship model. The...
South Korea's Public Procurement Service (PPS) paid a premium of $223 per tonne in its latest aluminium tender, almost a third less than a month ago, highlighting an accelerating collapse in global premiums as supply swells. PPS's purchase of 2,000 tonnes of Australian aluminium for shipment by...
South Korea is increasing investment in the non-ferrous metal industry due to improving demands and major companies are stepping up to increase capacities, reported a national media. As companies are increasing capacities in zinc, lead, copper as well as silver and gold, aluminium is also gaining...
South Korea has paid the smallest premium in more than a year to source aluminium, the results of a tender showed on Wednesday, the latest sign of intensifying pressure on premiums that is putting the operations of global producers under threat. South Korea bought 1,000 tonnes of aluminium to be...
