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Noranda signs agreement with Gränges AB to serve as "Stalking Horse Bidder" for flat-rolled business
14 JUN 20162MINS

Noranda signs agreement with Gränges AB to serve as "Stalking Horse Bidder" for flat-rolled business

Noranda Aluminum Holding Corporation announced that it has entered into an asset purchase agreement with Gränges AB, under which a subsidiary of Gränges will serve as the "stalking horse" bidder for Noranda's Flat-Rolled Products business in a court-supervised sale process designed to maximize the...

U.S. scientists develop aluminium alloy that fosters domestic rare earth production
10 JUN 20162MINS

U.S. scientists develop aluminium alloy that fosters domestic rare earth production

Scientists at the United States Department of Energy’s Oak Ridge National Laboratory, the Lawrence Livermore National Laboratory, and Eck Industries announced last week that they have developed a new variety of aluminium alloys that are more resistant to heat and are easier to work with than...

2016 U.S.-China strategic and economic dialogue: An update
09 JUN 20163MINS

2016 U.S.-China strategic and economic dialogue: An update

On June 6-7, U.S. Treasury Secretary Jacob J. Lew and Chinese Vice Premier Wang Yang led the eighth meeting of the Economic Track of the U.S.-China Strategic and Economic Dialogue (S&ED VIII) in Beijing, China. As the Special Representatives of President Barack Obama and President Xi Jinping,...

CubCrafters secures US certification for XCub, a lightweight sports aircraft
09 JUN 20162MINS

CubCrafters secures US certification for XCub, a lightweight sports aircraft

Light aircraft developer CubCrafters has secured US certification for its flagship piston-single, the XCub, following a six-year, clandestine development effort, and says it will deliver the first aircraft on 5 July. The carbon-fibre XCub is a US Federal Aviation Regulation Part 23 version of the...

US-China meeting deepens financial ties but fails to find solution to global aluminium surplus
08 JUN 20162MINS

US-China meeting deepens financial ties but fails to find solution to global aluminium surplus

China has, for the first time, included the United States in a government scheme allowing American banks to clear renminbi-denominated transactions - in one of the few positive outcomes of the two sides' high-level dialogue that failed to narrow their differences over certain other issues like the...

US presses China to curb steel & aluminium glut amid trade tensions
06 JUN 20162MINS

US presses China to curb steel & aluminium glut amid trade tensions

The US has urged Beijing to tackle its excess industrial output and halt the flooding of cheap Chinese imports into overseas markets. In a statement released at the start of two-day bilateral talks in Beijing, US Treasury Secretary Jack Lew said excess capacity was damaging the global economy. It...

US auto sales fall, the broad metals correction felt in automotive
06 JUN 20162MINS

US auto sales fall, the broad metals correction felt in automotive

U.S. Automotive sales for May came in at 17.45 million. Down from April but also down from 17.8 million a year earlier. In May 2015, vehicle sales were a record 17.47 million vehicles, according to Autodata Corp. There were two fewer sales days this year vs May 2015. Having one less weekend was...

Market-Research-Reports  adds a new report on Aluminium Foil Tape Market 2016-2021
03 JUN 20161MINS

Market-Research-Reports adds a new report on Aluminium Foil Tape Market 2016-2021

Market-Research-Reports.com adds “Global (US, China, Japan) Aluminium Foil Tape Industry 2016 Analysis and Forecast to 2021 Market Research Report” reports to its database. The report contains 8 Company Profile and List of figures providing key statistics on the state of the industry and more...

Paradice Investment Management buys $42.2 Million stake in Kaiser Aluminum Corp.
30 MAY 20162MINS

Paradice Investment Management buys $42.2 Million stake in Kaiser Aluminum Corp.

Paradice Investment Management scooped up 27,857 additional shares in Kaiser Aluminum Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 488,331 shares of Kaiser Aluminum Corp. which...

Alcoa launches legal action against Alumina Ltd.
30 MAY 20162MINS

Alcoa launches legal action against Alumina Ltd.

Alcoa has taken the surprise step of launching legal action in the US against Alumina to stop attempts by its Australian partner to derail a historic break-up of the aluminium giant. The action comes amid threats by Melbourne-based Alumina as recently as this week to try to "interfere with the...

US, Canada aluminium exports shoot up during Jan-March
27 MAY 20161MINS

US, Canada aluminium exports shoot up during Jan-March

Exports of aluminium from the US and Canada, excluding cross-border trade, totalled 762 million lb through the first three months of 2016, up 9.3 per cent from the year-ago period, while aluminium imports totalled 1.685 billion lb, up 11.6 per cent, as per the latest figures from the Aluminum...

Detroit aluminium pile that rattled beer makers is vanishing
26 MAY 20163MINS

Detroit aluminium pile that rattled beer makers is vanishing

A mountain of aluminium that upset beer makers and drew the attention of the U.S. Senate is no more. Inventories held in London Metal Exchange-tracked warehouses in Detroit, where most U.S. metal is stored, were as large as 1.6 million metric tons two years ago. Now they’re a fraction of that...

USGS: Recovery of aluminium from scrap up 0.9% YTD in Feb 2016
26 MAY 20162MINS

USGS: Recovery of aluminium from scrap up 0.9% YTD in Feb 2016

The Aluminum Association publishes the most recent release of the U.S. Geological Survey‘s Aluminum Mineral Industry Survey. Data provided below was included in the May 4th release (February data): New can stock (class) scrap receipts totalled 54.8 million pounds during April 2016, a rise of...

Strong US dollar to weigh on LME aluminium
19 MAY 20162MINS

Strong US dollar to weigh on LME aluminium

The US dollar index rose above 95 as minutes of the US Fed’s April meeting strengthened expectations for rate hike in June. This will drag LME aluminium down to USD 1,535-15,55/mt on Thursday. SHFE 1607 aluminium will move at RMB 12,200-12,420/mt. In China’s spot aluminium market, spot premiums of...

The US recovers 3.61 Mt of aluminium from scrap in 2015: USGS recycling statistics
18 MAY 20161MINS

The US recovers 3.61 Mt of aluminium from scrap in 2015: USGS recycling statistics

The material flow of recycled metal commodities in the United States has been documented in a series of reports published by the U.S. Geological Survey. USGS’s 2014 Minerals Yearbook for recycling lists the recycling statistics for selected metals in US. In 2014, the United States recycled 64.7...

Kobe Steel to build aluminium extrusion and fabrication plant in Kentucky, USA
11 MAY 20162MINS

Kobe Steel to build aluminium extrusion and fabrication plant in Kentucky, USA

Kobe Steel, Ltd. announces that it will manufacture and sell aluminium extrusions for the automotive sector in the United States. The new business will operate through a company called Kobelco Aluminium Products & Extrusions Inc. in Bowling Green, Kentucky. KPEX will make bumper materials for cars...

Ball to sell US$3.42 bln of divestment assets to Ardagh
02 MAY 20162MINS

Ball to sell US$3.42 bln of divestment assets to Ardagh

Colorado’s Ball Corporation announced last week that it and British-based American-owned Rexam PLC have come to terms with Luxembourg’s Ardagh Group over the sale of certain of Ball’s and Rexam’s assets in order to satisfy regulatory concerns involved in Ball’s purchase of Rexam. Ball and Rexam are...

Union drops effort to restrict U.S. imports of raw aluminium (keep inactive)
29 APR 20163MINS

Union drops effort to restrict U.S. imports of raw aluminium (keep inactive)

The United Steelworkers union has suspended indefinitely an unusual effort to push the United States government to restrict all aluminium imports after the campaign ran into opposition from aluminium companies, the Canadian government and even Canadian members of the union. The union on Friday...