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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Japan is increasing exports of scrap aluminum to China as it gets higher prices overseas, market sources said Wednesday. The country exported 47,645 mt of scrap aluminum to China over January to July, up from 39,878 mt a year ago, customs data released last week showed. Japan's total scrap aluminum...
India's aluminum exports could rise 5 percent in the current fiscal year to 325,000 tonnes, despite a slowdown in global demand, a senior industry official said, as falling prices have led rival global producers to cut production. Declining aluminum prices have forced major players such as Alcoa...
South Korean automaker Hyundai Motors Company's Mexican unit said it planned to invest $130 million in a new plant that will manufacture aluminum auto parts in Tijuana, a border city in the northwestern state of Baja California. The plant is expected to create 300 direct jobs and make up to 900,000...
South Korea has bought 1,000 tonnes of aluminium from Glencore International AG via a tender on Thursday, the state-run Public Procurement Service said on its website (www.g2b.go.kr). The agency bought aluminium at a premium of $230 per tonne over London Metal Exchange (LME) prices on a cost,...
India's aluminium exports could rise 5 percent in the current fiscal year to 325,000 tonnes, despite a slowdown in global demand, a senior industry official said, as falling prices have led rival global producers to cut production. Declining aluminium prices have forced major players such as Alcoa...
Stocks of aluminum alloy ingot stored at the London Metal Exchange warehouse in Guangyang of South Korea have dropped to 7,820 mt on August 9, down 39.6% from 12,960 mt on July 9, according to recent LME data. The stocks have dropped mainly due to Japanese buying, fueled by the LME aluminum alloy...
South Korea has bought 2,000 tonnes of aluminium via a tender for October arrival while issuing a separate tender to buy 3,000 tonnes of copper, the state-run Public Procurement Service said on its website (www.g2b.go.kr). The agency said it bought aluminium from Glencore International AG at a...
South Korea purchased 6,000 tonnes of aluminium for arrivals by Sept. 30 via tenders on July 24, the state-run Public Procurement Service said on its website (www.g2b.go.kr). Details of the purchases are as follows: TONNE SUPPLIER PREMIUM(CIF/T) ORIGIN 3,000 Gerald Metals Inc $238 Western 3,000...
Hyundai, the Korean automotive leader maintains its trust in Tijuana’s competitiveness and announced their investment in a new M$131 aluminum die casting plant adding nearly 300 new jobs to the company’s current base of 2,300 employees. The announcement was made by Kenny Lee, company’s CEO, in a...
Japan's demand for drinks in aluminum cans typically picks up in July due to higher temperatures, but this year canstock output is off to a slow start due to rainy weather, aluminum rolling mill sources said Wednesday. Japan's May cansheet shipments were 40,201 mt and some sources fear the June...
South Korea purchased a total of 6,000 tonnes of aluminium for arrivals by Sept. 20 via tenders on June 28, the state-run Public Procurement Service said on its website (www.g2b.go.kr). Details of the purchases are as follows: TONNE SUPPLIER PREMIUM(CIF/T) ORIGIN 3,000 LG International Corp $235...
Alcoa AA 0.00% today announced the first commercial success of its ColorKast(TM) technology in the consumer electronics market. As a result of this innovative technology, Alcoa can produce color anodizable aluminum die cast components with high-end cosmetics. The first use of the ColorKast(TM)...
South Korea purchased a total of 4,000 tonnes of aluminium for arrivals by September 20 via tenders on June 21, the state-run Public Procurement Service said on its website (www.g2b.go.kr). Details of the purchases are as follows: TONNE SUPPLIER PREMIUM(CIF/T) 2,000 Glencore International AG $235...
South Korea has bought a total of 3,000 tonnes of aluminium via tenders for arrival by August 31, the state-run Public Procurement Service said on its website (www.g2b.go.kr). The country also reissued a tender to buy 500 tonnes of lead for arrival by September 18, after passing on the tender on...
South Korea purchased a total of 3,000 tonnes of aluminium via tenders on Tuesday, the state-run Public Procurement Service said Wednesday on its website (www.g2b.go.kr). Details of the purchases are as follows: TONNE SUPPLIER PREMIUM(CIF/T) 2,000 LG International Corp $129 1,000 Glencore...
Novelis, the US based subsidiary of Hindalco Industries, has earmarked capital expenditure of $600-700 million primarily focused on its global expansion of projects in Brazil, South Korea, China and the United States. “We will have negative cash flow in the first quarter of 2012-13. We will invest...
South Korea bought 500 tonnes of aluminium from LG International Corp at $188 per tonne over London Metal Exchange (LME) on a cost, insurance and freight (CIF) basis, the state-run Public Procurement Service said. It also issued a tender for 200 tonnes of nickel from London Metal Exchange (LME)...
Indian state-run National Aluminium Co Ltd has sold 12,000 tonnes of aluminium ingots at $152 per tonne premium over the average LME cash price on a CIF basis to a South Korean buyer, Commercial Director Ansuman Das said on Friday. NALCO, whose tenders serve as a global benchmark, last sold 6,000...
