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 has bought a total of 6,000 tonnes of high-grade primary aluminium ingot registered on the London Metal Exchange (LME) via tenders closed on Wednesday, the state-run Public Procurement Service said. According to the government procurement agency's website (www.g2b.go.kr), the purchase...
South Korea has issued tenders to buy 5,000 tonnes of aluminum ingot with non western origin for December 30 shipping. The state run Public Procurement Service said that the agency is seeking 3,000 tonnes of the metal to be shipped to the port of Incheon and 2,000 tonnes to Busan. The electronic...
South Korea, Asia’s leading metals consumer plans to boost metals purchases to build up stockpiles after prices dropped, according to the state purchasing agency. The Public Procurement Service, which manages strategic commodities,bought about 26,000 metric tons which includes aluminum between...
Emirates Aluminium (Emal) has awarded South Korea's Samsung C&T Corp a $579.3-million (Dh2.12 billion) a contract to build a thermal plant, the UAE aluminium manufacturer confirmed to Gulf News yesterday. The contract will continue until June 2014, Samsung said in a statement. It was signed on...
South Korea's Public Procurement Service, a state commodities stockpiling agency, said Friday that it bought a total of 5,000 metric tons of aluminum from three suppliers in two tenders. In the first, PPS bought 2,000 tons of non-western origin aluminum, of which STX Corp. (011810.SE) will supply...
South Korea's Public Procurement Service, a state commodities stockpiling agency, said Thursday it is looking to buy 5,000 metric tons of aluminum in two separate tenders. One tender is for 3,000 tons of metal and the second is for 2,000 tons, it said in an email. Both tenders will take place on...
The global manufacturers of aluminum electrolytic capacitors are mainly distributed in Japan, Taiwan, South Korea and mainland China. In 2010, Japan-based NCC, Nichicon and Rubycon ranked top three in the global aluminum electrolytic capacitor industry. The report not only studies the market size,...
According to Luoyang Customs, Luoyang aluminum profile exportation has recovered to grow during the first seven months. Its aluminum profile exportation reaches 17,000 ton up by 2.2% over the same period last year and exportation revenue reaches 51.21 million Yuan rising by 17.5% year-on-year....
South Korea has bought a total of 2,000 tonnes of high grade primary aluminum ingot for October shipping via tenders closed last week.
South Korea's Public Procurement Service, a state commodities stockpiling agency, said Wednesday that it has bought two lots of aluminum totaling 2,000 metric tons as well as smaller lots of zinc and nickel. In one tender, the PPS purchased 1,500 tons of Western-origin aluminum on a cost, insurance...
Copper demand in South Korea, Asia’s third-biggest consumer, may grow at a slower pace than forecast as high prices prompt some users to switch to cheaper aluminum, a local industry group said. Prices of copper, used to make cables and wires, have jumped 23 percent in the past year and reached a...
Interfax reported that UC Rusal plans to export 240,000 tonnes of primary foundry alloys in 2011 for the automotive industry. Those exports about to roughly 24% of Rusal total expected alloy exports this year. Rusal is currently in talks with major Korean auto component suppliers Dong Hwa and...
Orders to draw aluminum from warehouses monitored by the London Metal Exchange rose to the highest level in more than two weeks, led by increases in South Korea and Malaysia. Canceled warrants, as the orders are known, rose 29,075 metric tons, or 7.7 percent, to 405,850 tons, the highest level...
South Korea, Asia’s third-biggest buyer of base metals, bought 4,000 metric tons of aluminum in a tender at the same premium as paid in the last tender in May, according to a state agency. The Public Procurement Service, the state-run body that manages strategic commodities, bought the so-called...
South Korea is seeking 4,000 tonnes of high-grade London Metal Exchange (LME) registered primary aluminium ingot via tenders to close at 2 pm (0500 GMT) on July 21, the state-run Public Procurement Service said. The procurement agency said on its website (www.g2b.go.kr) that it would buy the metal...
Aluminum alloy stockpiles tracked by the London Metal Exchange rose to the highest level in more than nine years, while inventories of primary aluminum extended their drop to the longest in almost seven years. Stocks of aluminum alloy, used to make parts for car engines, increased 1,960 metric tons...
A South Korean business delegation held talks with Guinean authorities about investing in the country’s natural resources, the West African nation’s Foreign Ministry said. “South Korea needs iron, uranium and several other resources, the raw materials which Guinea has,” the ministry said, citing...
Aluminum inventories tracked by the London Metal Exchange fell the most since November, daily exchange figures showed today. Aluminum stockpiles fell 9,000 metric tons, or 0.2 percent, to 4.64 million tons, the most since Nov. 10, led by declines in the U.S. and South Korea. Inventories fell for...
