Aluminium unibody marks a major design upgrade in iPhone 18 Pro Max
Apple’s iPhone 18 Pro Max has moved from a titanium frame to an aluminium unibody, marking one of the biggest material changes. The new phone uses an aluminium unibody alongside 40 per cent recycled content, while adding a larger display, upgraded cameras and longer battery life. The iPhone 15 Pro...
AL Circle Analysis: Import rise meets demand growth on aluminium extrusion chessboard
Aluminium’s downstream trade network is getting more fragmented as import dependence, changing end-use demand and trade-policy interventions reshape regional markets. From North America and Europe to Asia-Pacific, the aluminium industry is navigating a market where access to supply, competitive...
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Alcoa to curtail 164,000 Metric Tons of Smelting Capacity
Alcoa today announced that it will close or curtail 164,000 metric tons (mt) of smelting capacity in the United States and Brazil as part of its smelting capacity review that was announced in May. One potline representing 40,000 metric tons at the Massena East plant in New York will be permanently...
Jindal highlights significant growth at SAPA Aluminum Facilities
Today, Governor Bobby Jindal and Sapa Excursions LLC Plant Manager Ron Ballman highlighted the growth of Sapa’s two manufacturing facilities in Delhi. Sapa, the world’s largest aluminum extruder, agreed to move its Redd Team production line from Magnolia, Arkansas to a newly created Louisiana...
Two aluminium recyclers also accuse Goldman Sachs Group of hoarding aluminium
A steel-railings manufacturer and a scrap-metal dealer have joined to sue Goldman Sachs Group, adding to the Wall Street firm's legal headaches stemming from allegations it manipulated the aluminium market. Viva Railings and Regal Recycling accused Goldman and two subsidiaries of hoarding aluminium...
U.S.summons Goldman in inquiry of aluminum warehouses
Goldman Sachs has been subpoenaed by federal regulators investigating complaints that the financial giant’s metals warehouses have intentionally created delays and inflated the price of aluminum. The Commodity Futures Trading Commission has issued subpoenas to Goldman and owners of other major...
Stock investors sell off shares of Century Aluminum, down 3.2%
Century Aluminum, a company whose shares are moving quickly, is trading 3.2% lower to $8.04. The Dow is down 0.5% to 15,532 and the S&P is currently down 0.5% to 1,699. Over the past year, Century Aluminum has traded in a range of $6.02 to $10.60 and is now at $8.04, 34% above that low. In the last...
JPMorgan sued with Goldman sachs in aluminum antitrust case
JPMorgan Chase & Co, the biggest U.S. bank, was sued with Goldman Sachs Group Inc. over claims it restrained aluminum supplies and drove up prices. The complaint was filed by a Jacksonville, Florida, direct purchaser, Master Screens Inc., and by individual plaintiff Daniel Price Bart of...
Aluminum surcharge falling as lawmakers scrutinize long queues for metal
The rates to obtain aluminum tumbled the most in 20 months in Europe last month and retreated from a record in the U.S. as lawmakers and regulators scrutinize long lines for metal that buyers say raised their overheads. The surcharge added to the price of aluminum for immediate delivery on the...
LME, Goldman faces legal challenges on aluminium storage
The London Metal Exchange and Goldman Sachs Group Inc. have been named as co-defendants in a U.S. class-action lawsuit alleging anticompetitive behaviour in aluminium warehousing, Hong Kong Exchanges and Clearing Limited (HKEx) said. Goldman on Wednesday tried to diffuse years of frustration over...
Century Aluminum to develop an updated cleanup plan for former aluminum site at West Virginia
The U.S. Environmental Protection Agency (EPA) has ordered Century Aluminum of West Virginia to develop an updated cleanup plan for a former industrial facility in Ravenswood, West Virginia, that was used for the storage and disposal of hazardous materials that were byproducts of aluminum...
The Aluminum Association applauds formation of the Bipartisan Congressional Aluminum Caucus
The Aluminum Association today commends Members of Congress for forming the bipartisan Congressional Aluminum Caucus. Under the leadership of Representatives Larry Bucshon (R-IN), Suzan DelBene (D-WA), Bill Johnson (R-OH) and Bill Owens (D-NY), the recently formed Caucus will educate policy makers...
Goldman to offer Metro customers immediate access to aluminium
Goldman Sachs Group said on Wednesday that it would offer customers of its Metro International metals warehouse business immediate access to aluminium held up in queues through an exchange deal with the bank. "In light of the concerns that end-users have raised about their access to aluminium they...
U.S. futures regulators should review aluminum market, US lawmaker says
U.S. futures regulators should review alleged manipulation of the aluminum market, the head of the Senate Agriculture Committee said on Tuesday. Committee Chairwoman Debbie Stabenow noted that in congressional testimony last week, buyers of aluminum alleged that the current market price was being...
Noranda Aluminum invests $45 million in New Madrid, Missouri, aluminum smelter plant
Noranda Aluminum Holding Corporation, an aluminum producer, will invest $45 million to significantly expand the footprint of its smelter in New Madrid, Missouri, creating 29 new jobs. "The aluminum smelter here in New Madrid accounts for approximately 13 percent of total U.S. primary aluminum...
Goldman Sachs denies aluminium price-rigging
Brewer Miller Coors last week told the US Senate that inflated aluminium prices were costing consumers $3bn a year, putting the focus on the stockpiles held by the Wall Street investment bank and the world’s largest commodity trading firm. Together, the two firms are estimated to control two-thirds...
Aluminum Association hires new vice president of public affairs
The Aluminum Association has hired Joe Quinn as its new vice president of public affairs, effective July 15. Quinn’s responsibilities will include overseeing the association’s policy communications, advocacy strategies and media relations. Prior to joining the Aluminum Association, Quinn served as...
U.S. Aluminum Premium seen falling as lawmakers review storage
The premium aluminum buyers are expected to pay for supplies in the U.S. fell for a second week as lawmakers stepped up scrutiny of bank involvement in warehousing, according to Harbor Intelligence. The premium slipped to 11.5 cents to 12 cents a pound this week, from 11.8 cents to 12 cents a pound...
USA: Brewer sets ball rolling on aluminium warehousing reform
Tim Weiner, MillerCoor's global risk manager has drawn attention to the LME warehousing situation and its effect on aluminium pricing and delivery. Mr Weiner highlighted what he called the development of an 'economic anomaly' in the global metals market that has resulted in higher prices despite a...
US Aluminum services ranked one of the largest hispanic-owned companies for third year in a row
HispanicBusiness 500 has ranked the largest U.S. Hispanic-owned companies according to revenue for the past 30 years. Now in its 31st year, Florida companies have dominated the list and included is US Aluminum Services, a construction company located in Orlando, Florida. In business since 2004, US...
