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Next Jeep Wrangler body may be made from aluminium
03 OCT 20142MINS

Next Jeep Wrangler body may be made from aluminium

The next-generation Jeep Wrangler may be built from aluminium rather than steel in a move that would shift its production away from the Toledo plant in the U.S. state of Ohio, the head of parent Fiat Chrysler Automobiles (FCA) said on Thursday. Speaking at the Paris auto show, Chief Executive...

Senate democrats urge CFTC review of LME aluminum trading
30 SEPT 20142MINS

Senate democrats urge CFTC review of LME aluminum trading

The U.S. Commodity Futures Trading Commission should probe the London Metal Exchange to ensure aluminum trading and warehousing are free of manipulation, three Democratic senators said in a letter. The regulator must investigate whether LME rules sufficiently protect against conflicts of interest...

Aluminium consumers appeal against judgement in LME Anti-trust case
26 SEPT 20141MINS

Aluminium consumers appeal against judgement in LME Anti-trust case

The consumer and commercial classes who had accused LME of allowing anti-competitive and monopolistic behavior in its warehousing operations are not happy with the judge’s dismissal of the case. According to the LME owner, they have again appealed against the judge’s verdict. On September, the two...

U.S. Industry Recycling rate remains above 65 percent for third consecutive year
25 SEPT 20143MINS

U.S. Industry Recycling rate remains above 65 percent for third consecutive year

Aluminum beverage cans are once again the most recycled beverage packaging type in the United States with an industry recycling rate of 66.7 percent in 2013, according to new data released by the Aluminum Association, Can Manufacturers Institute (CMI) and Institute of Scrap Recycling Industries...

US to keep antidumping duty orders on refined brown aluminum oxide from China
22 SEPT 20142MINS

US to keep antidumping duty orders on refined brown aluminum oxide from China

The U.S. government determined on Thursday it would maintain the existing antidumping duty orders on refined brown aluminum oxide (RBAO) from China, despite Beijing 's repeated calls for Washington to drop protectionism. The U.S. International Trade Commission (USITC) concluded in a ruling that...

Noranda Aluminum Holding Corp. raised to buy at Goldman Sachs
18 SEPT 20142MINS

Noranda Aluminum Holding Corp. raised to buy at Goldman Sachs

Goldman Sachs upgraded shares of Noranda Aluminum Holding Corp. from a neutral rating to a buy rating in a report released on Friday, TheFlyOnTheWall.com reports. Goldman Sachs currently has $7.00 price objective on the stock, up from their previous price objective of $4.24. Noranda Aluminum...

Shapiro Metals to open new plant
18 SEPT 20141MINS

Shapiro Metals to open new plant

Shapiro Metals, a nonferrous scrap metal recycling firm, has announced plans to open a scrap metal facility in Wichita, Kansas, by the middle of October 2014. The new facility will give the St. Louis-based metals recycling firm 10 locations in the United States. Bruce Shapiro, CEO of Shapiro...

CFTC keeps a close eye on LME warehousing policies
11 SEPT 20142MINS

CFTC keeps a close eye on LME warehousing policies

Commodity Futures Trading Commission is still keeping a close eye on the London Metal Exchange after countless complaints against this 137 year old exchange stating that they are manipulating the price through their warehousing policies. Timothy Massad, who is the newly installed chairman of the...

Increased car sales in US boost aluminium prices
10 SEPT 20141MINS

Increased car sales in US boost aluminium prices

The cash price of aluminium has risen from $1,725.93 per tonne in January to $2,029.55 per tonne, which is the current price. The overall jump in the LME aluminium prices is recorded at 15% since the beginning of the year. Mintec explains that the price rise is largely due to the falling aluminium...

Judge tosses aluminium antitrust suit; consumers failed to prove conspiracy
01 SEPT 20143MINS

Judge tosses aluminium antitrust suit; consumers failed to prove conspiracy

A New York judge on Friday dismissed a class action lawsuit that accused major banks and a trading house of fixing the price of aluminium by ruling that market inefficiencies were the result of rational profit maximization and not illegal collusion. Aluminium consumers alleged that Goldman Sachs,...

Kobe Aluminum Automotive Products boosts production capacity of aluminum forged suspension parts by 50%
29 AUG 20142MINS

Kobe Aluminum Automotive Products boosts production capacity of aluminum forged suspension parts by 50%

Kobe Steel, Ltd.'s U.S. joint venture, Kobe Aluminum Automotive Products, LLC (or KAAP), has increased its production capacity of aluminum forged products for automotive suspension systems by 50 percent. Based in Bowling Green, Kentucky, USA, KAAP began construction of a $66-million expansion of...

London Metal Exchange given immunity in aluminium lawsuit
27 AUG 20141MINS

London Metal Exchange given immunity in aluminium lawsuit

A US judge has dismissed the London Metal Exchange (LME) from a lawsuit in America which had accused it, along with a number of banks and commodities companies, of aluminium price-fixing. District judge Katherine Forrest concluded that the LME was an “organ” of the UK government and was therefore...

High US demand for durables and closing of Italian smelter pushes aluminium prices
27 AUG 20141MINS

High US demand for durables and closing of Italian smelter pushes aluminium prices

Aluminium prices rose in the London Metal Exchange for the second day in a row due to Alcoa’s decision to shut down the smelter in Italy and the higher demand for durable goods in US – the second-largest industrial metal consumer. The metal due for delivery in three months rose to $2,073 a metric...

Spot demand and overseas predictions spike aluminum value
21 AUG 20141MINS

Spot demand and overseas predictions spike aluminum value

Strong spot demands and firming overseas trend have edged the aluminium price to INR 123.40 per kg, up by 45 paise, in future trade on Wednesday. This 0.37% rise in prices was noticed for aluminium slated for August delivery at the Multi Commodity Exchange. For a business turnover of 205 lots, the...

Aluminum Association updates downstream aluminium statistics for July
19 AUG 20143MINS

Aluminum Association updates downstream aluminium statistics for July

The Aluminum Association’s “Index of Net New Orders of Aluminum Mill Products” for July was up 4.8 percent over June. Orders for flat roll products (sheet, plate, can stock and foil) rose 5.9 percent over the previous month, orders for extruded products were up 4.4 percent, while orders for redraw...

Novelis the driving force behind Ford's aluminum trend
18 AUG 20144MINS

Novelis the driving force behind Ford's aluminum trend

Novelis, a global aluminum supplier, is seeing a 45-year-old dream come true as the auto industry is on the cusp of making the lightweight material mainstream. Novelis is supplying aluminum for the 2015 Ford F-150 that goes on sale later this year. The supplier is expanding its Oswego, N.Y. plant,...

The automotive industry embraces the “lightweight” trend
12 AUG 20142MINS

The automotive industry embraces the “lightweight” trend

A new survey among the designers and engineers involved with the automotive industry sees “lightweighting” as the newest trend in automotive production, as both US and Europe are facing tougher new fuel economy goals in the years to come. Ford’s upcoming sales start of the aluminum-made F-150 truck...

Shutdown of Ohio aluminum giant Ormet appears final
07 AUG 20144MINS

Shutdown of Ohio aluminum giant Ormet appears final

The Niagara World-Wide company announced July 31 the final and permanent closing of the former Ormet Primary Aluminum Corporation's plant near here. Along with the closing, Niagara fired the last twenty workers still employed at the former Ormet facility. Ormet, including its property and assets,...