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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Goldman Sachs and Glencore to report on Aluminium 'Hoarding' to US Regulator
Some of the world's biggest commodities traders - including market giants Goldman Sachs and Glencore Xstrata - have been ordered by a US regulator to preserve of all internal documents and emails relating to the storage of aluminium ahead of a potential investigation. The New York Times reported...
MillerCoors urges more oversight of LME in Senate testimony
MillerCoors LLC has urged U.S. lawmakers and regulators to press for greater regulatory oversight of the London Metal Exchange, the world’s largest metal market, after years of inflated aluminium prices that have cost the industry billions of dollars. “We simply ask for the same regulatory and...
Fuel Efficiency Target to Impact auto sector steel demand in Europe and the US
Tough new vehicle fuel-efficiency targets in Europe and the US are likely to lead to lower sales volumes for steel companies, Fitch Ratings says. But higher prices for lighter, stronger steels should favour well-funded manufacturers that have the resources to invest in product development over...
Goldman denies New York Times' aluminium Price Manipulation Scheme Story
This weekend the New York Times published a big story on Metro International Trade Services, a Detroit based aluminium storage company owned by Goldman Sachs. The NYT reported that Goldman shuffles the commodity around between storage units to skirt regulations meant to keep the commodity moving...
MillerCoors, Coca-Cola accuse big banks of manipulating aluminum market
A MillerCoors LLC official will reportedly speak in front of the U.S. Senate Banking Committee next week to call out big banks for alleged anti-competitive actions in the aluminum market, according to a Huffington Post story published Tuesday. The HuffPo story said Chicago-based joint venture...
Beer Brewers blast wall street banks over aluminum business amid congressional scrutiny
A loose coalition of beer brewers, automakers, Boeing and Coca-Cola is accusing big banks, including Goldman Sachs and JPMorgan Chase, of anti-competitive behavior in the aluminum market, fueling regulatory concerns and prompting a Senate probe as part of an international political battle over Wall...
June US aluminum shipments, inventories down year on year
US service centers shipped 121,900 mt of aluminum products in June, down 5.4% from June 2012, the Metals Service Center Institute said Wednesday. Aluminum shipments in the first six months of the year totaled 739,000 million mt, 6.8% below the same period last year, MSCI said in a statement....
Contest for lighter-weight metals helps auto makers
Car makers turning to aluminum, at the expense of steel, to make lighter vehicles have steelmakers fighting back with major new investments to preserve market share in one of their most valuable markets. The metals-contest comes as auto makers look to build lighter cars, which tend to be more fuel...
Noranda Aluminum Holding Corp.’s “Neutral” Rating Reaffirmed at Jefferies Group
Jefferies Group restated their neutral rating on shares of Noranda Aluminum Holding Corp. in a report issued on Monday, StockRatingsNetwork.com reports. They currently have a $4.25 target price on the stock, down from their previous target price of $4.75. “We mark to market our 2Q13 estimates for...
Contest for Lighter-Weight Metals Helps Auto Makers
Car makers turning to aluminum, at the expense of steel, to make lighter vehicles have steelmakers fighting back with major new investments to preserve market share in one of their most valuable markets. The metals-contest comes as auto makers look to build lighter cars, which tend to be more fuel...
Joe Quinn Named Vice President of Public Affairs of the Aluminum Association
The Aluminum Association announced today the hiring of Joe Quinn as the Vice President of Public Affairs, effective July 15. Quinn will oversee the policy communications, advocacy strategies and media relations for the trade group. Prior to joining the Aluminum Association, Quinn served as Vice...
Alcoa posts quarterly profit; sees aluminum demand growth
Alcoa Inc remains optimistic that global demand for aluminum will grow 7 percent this year, driven largely by demand from the aerospace and commercial transportation sectors, the largest aluminum producer in the United States said on Monday. The company also reported a larger-than-expected profit...
Aleris Aluminum Recycling to bring in 10-15 jobs to Elyria
Aleris Aluminum Recycling Elyria Operations announced that it will be streamlining aluminum operations by moving production from Hammond, Indiana to Elyria. Jason Saragian, director of communications, said that the move will bring 10 to 15 jobs to Elyria. Production will be stopped at the Indiana...
Ormet unsecured creditors get better deal under new settlement
General unsecured creditors of Ormet will share in a $2 million if Minnesota's Wayzata Investment Partners closes on its pending $282 million purchase of the bankrupt US aluminum producer at the end of July, according to a new bankruptcy court filing. The $2 million benefit for unsecured creditors...
US riled as Iran sources bauxite ore from EU
The US Treasury Department has announced an array of new sanctions aimed at denying Iran even theoretical access to unrefined ore that could be used to produce aluminum, since conceivably aluminum could have “military uses.” The sanctions “blacklist” the acquisition of raw bauxite ore by Iran, as...
North American aluminum demand 2% up during Jan-Apr: Aluminum Association
US and Canadian aluminum demand, defined as shipments by domestic producers and imports, reached an estimated 8.175 billion pounds in the first four months of 2013, 2% above that of the same period last year, according to preliminary estimates released Tuesday by the Aluminum Association. Demand...
Aluminum Association vows to create a cleaner aluminium industry
Aluminium Association has come up with its future policies in response to US President’s recent climate change plan. The aluminum industry is aggressively working to reduce greenhouse gas emissions. According to Mr. Heidi Biggs Brock, President of the Aluminum Association, “The Industry has...
Aluminum Extruders Council applauds indictment of extrusion smugglers
The Aluminum Extruders Council on Tuesday commended the recent arrest and indictment of five people and three companies who conspired to smuggle Chinese aluminum extrusions into the US with the intent to fraud the country of around $26.7 million in antidumping and countervailing duties. “It is...
