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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Mitch McConnell saves 400 jobs in Louisville aluminum plant
Senate Republican Leader Mitch McConnell received a hero’s welcome Wednesday at a Louisville aluminum fabricating plant that had fallen on hard times until he helped pass fair trade legislation, protecting some 400 jobs. In a post-earmarks Washington, McConnell has been using his political muscle...
LME aluminum prices should settle at USD 2,000/mt from 28th May to 1st June
Manufacturing continues to contract in China, Europe and the US, while weak global demand and turmoil in Greece will continue to weigh on financial markets. The US dollar index is expected to stay high near 82 without any significant economic news. A strong US dollar, stagnating domestic demand,...
Novelis to invest $700m for projects in China, US, and Brazil
Novelis, the US based subsidiary of Hindalco Industries, has earmarked capital expenditure of $600-700 million primarily focused on its global expansion of projects in Brazil, South Korea, China and the United States. “We will have negative cash flow in the first quarter of 2012-13. We will invest...
Maspion Group to export $450 million household wares in 2012
Maspion (Maspion Group) is projecting its exports of household wares to reach $450 million in 2012, which is a 12.5 percent increase from last year, CEO Alim Markus said. “This year, our exports can reach $450 million, composed of $250-300 million from aluminum products, $100 million from...
DEGERenergie establishes MLD Solar Parks in Tennessee in collaboration with Hydro Aluminum
DEGERenergie has shipped 112 DEGERtrakers, featuring MLD technology, to Apex Construction Services, LLC, in Tennessee and installed them together with the Apex construction team. The tracking systems have been installed in four solar fields, which began operation April 14, 2012. Each solar park is...
Kaiser Aluminum increases the price of its senior notes offering
Kaiser Aluminum Corporation announced today that it has priced its previously announced offering of $225.0 million in aggregate principal amount of 8.25% senior notes due 2020 (the "notes") in a private transaction that is exempt from the registration requirements of the Securities Act of 1933 (the...
Shares of Century Aluminum Shares Up by 3.0%
One of today's stocks on the move is Century Aluminum (NASDAQ:CENX), up 3.0% to $7.55. The Dow is up 0.5% to 12,701 and the S&P is currently up 0.7% to 1,340. In the past 52 weeks, shares of Century Aluminum have traded between a low of $7.25 and a high of $16.55 and are now at $7.55, which is 4%...
Noranda Aluminum Shares Moving Higher
Noranda Aluminum Holding (NYSE: NOR) shares are moving higher following disclosure of an insider trade made recently. According to a Form 4 with the U.S. SEC, director Carl Rickertsen bought 20,000 shares on the open market in a direct transaction for $8.4 per share, or $168,000 total. The...
Demand for alumina and bauxite to get a boost
The global market for Bauxite and Alumina is forecast to reach 211.3 and 76.2 million metric tons, respectively, by the year 2017. With global economy on the growth path post recession, both production and consumption levels are expected to display a positive trend, spurred by rising demand from...
Kaiser Aluminum earns 'BB-' rating
On May 14, 2012, Standard & Poor's Ratings Services assigned its 'BB-' corporate credit rating to Foothill Ranch, Calif.-based Kaiser Aluminum Corp. U.S.-based aluminum products manufacturer Kaiser Aluminum Corp. plans to issue $200 million senior unsecured notes due 2020. At the same time, Kaiser...
Kaiser Aluminum Announces $200M Senior Debt Offering
Kaiser Aluminum Corporation plans to offer $200.0 million aggregate principal amount of senior notes due 2020 (the "notes") in a private transaction that is exempt from the registration requirements of the Securities Act of 1933 (the "Act"). The notes will be guaranteed by each of Kaiser Aluminum's...
Aluminium prices continue to drift lower
Aluminium prices continued to drift lower over the past month and by mid-May were trading close to the lows of the year set in early January at just over $2,000/t. While macro uncertainties, particularly those re-emerging in Europe, have played the key role in guiding prices lower, the lack of...
U.S. spot aluminum premiums rise above 10 cts/lb
Benchmark U.S. Midwest spot aluminum premiums rose above 10 cents a lb for the first time as a persistently strong spread between cash and forward prices on the London Metal Exchange continued to tie up the metal in the warehouses. The record-setting premium was also attributed to a pick-up in...
Analyst's Research on Alcoa Inc. and Century Aluminum Co. shows uncertain Future for Aluminum
www.stockcall.com/ offers investors comprehensive research on the Aluminum industry and has completed analytical research on Alcoa Inc. AA -1.54% and Century Aluminum Co. CENX -2.80%. A cloudy Chinese economic forecast in combination with weakness in Europe and slow industrial growth in the U.S. is...
Alcoa wins $12 million Cancer Lawsuit by miner
A jury has sided with aluminum producer Alcoa in a $12 million lawsuit filed by a former miner who blamed an aggressive cancer on hazardous substances the company dumped at a southwestern Indiana mine. The Vanderburgh County jury reached the verdict Tuesday after a more than two-week trial on Bil...
'Emal aims to double sales in Abu Dhabi
Emirates Aluminium (Emal), the first company to set up in Abu Dhabi's new industrial zone in Taweelah, aims to double its sales in the UAE as the zone attracts more downstream industry. Emal, a joint venture between Mubadala Development and Dubai Aluminum (Dubal), currently sells close to 100,000...
Century Aluminum Shares Soaring High by 2.5%
Up 2.5% to $9.43, Century Aluminum (NASDAQ:CENX), is one of today's notable movers. The S&P is trading higher by 1.2% to 1,414 and the Dow is trading 0.9% higher to 13,331. Century Aluminum Company produces primary aluminum, in both molten and ingot form, through facilities located in the United...
Utility deal's approval key to reopening Century aluminum plant
Reopening the Century Aluminum plant in Ravenswood will depend on whether the West Virginia Public Service Commission approves a deal with electricity suppliers to give the plant lower rates, company president and chief executive officer Michael A. Bless said Tuesday. That process is expected to...
