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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Century Aluminum Q2 soars to $23.99 mil from $5.15 mil on year
US producer Century Aluminum earned 24 cents/share, or $23.99 million, up from 5 cents/share, or $5.15 million, a year ago, the company said Thursday. Sales in the second quarter were $366.3 million, up from with $287.9 million in Q2 2010, the company said in a statement.
Recycling Roundtable Supports Congressional Resolution in Support of the U.S. Scrap Recycling Industry
The Recycling Roundtable, and advocacy group comprised of The Institute of Scrap Recycling Industries (ISRI), the Steel Recycling Institute (SRI), the Aluminum Association, the Solid Waste Association of North America (SWANA), the National Solid Waste Management Association (NSWMA), the American...
SMM Morning Review – 2011/8/4 Aluminum Market
US ISM said on August 3rd its non-manufacturing index fell from June’s 53.6 to 52.7 in July, a new low since February 2010 and lower than the expected 53.6. US Department of commerce announced US June factory orders fell by 0.8%, higher than the expected 0.7%, and adjusted June durable goods orders...
Alcoa Mill Products to pay more than $540,000 to settle discrimination case with US Department of Labor
Alcoa Mill Products Inc. will pay $484,656.19 in back wages to 37 Hispanics and African-Americans as well as $35,516.88 to two women who all were rejected for job positions at the company's plant in Lancaster, Pa. The settlement resolves a finding by the U.S. Department of Labor that the company...
US March Aluminum Output 162,000 Tons, +15.7% On Month - USGS
Total aluminum recovered from scrap in the U.S. in March was 260,000 tons, 9% higher than 239,000 tons the previous month and 17% higher than the 222,000 tons recovered in March 2010. Of this, 138,000 tons of aluminum was recovered from new scrap, 5% higher than the 132,000 tons recovered the...
US March Aluminum Output 162,000 Tons, +15.7% On Month - USGS
U.S. domestic primary aluminum production in March was 162,000 metric tons, up 15.7% from 140,000 tons in February and up 10.9% from 146,000 tons a year earlier, according Tuesday to the U.S. Geological Survey.
Park-Ohio Holdings: Small Company, Big Profits
Park-Ohio Holdings Corp. (NASDAQ: PKOH), through its subsidiaries, engages in the industrial supply chain logistics and diversified manufacturing business in the United States, Asia, Canada, Mexico, and Europe. The company operates in three segments: Supply Technologies, Aluminum Products, and...
Special report: Goldman's new money machine: warehouses
In a rundown patch of Detroit, enclosed by a cyclone fence and barbed wire, stands an unremarkable warehouse that investment bank Goldman Sachs has transformed into a money-making machine. A string of warehouses in Detroit, most of them operated by Goldman, has stockpiled more than a million tonnes...
SMM Morning Review – 2011/7/29 Aluminum Market
The Economic Sentiment Indicator (ESI) released on July 28 by European Commission was 103.2 in July, weaker than expected and down from previous figure, indicating Euro zone economy is not likely to recover in the short term impacted by debt woes. Later during the day, US Department of Labor...
Novelis to invest $200m in Oswego, New York plant
Novelis, a provider of aluminum automotive sheet, will invest $200m to expand its operations in Oswego, New York, to meet the demand for aluminum sheet for the auto industry in the US. The company said that the expansion will allow the Oswego plant to produce 200,000 tons more aluminum sheet, five...
Century Aluminum Sees Q2 Profit Below View - Update
Century Aluminum Co. (CENX: News ) on Monday forecast profit for the second quarter below analysts' expectations, citing lower than expected U.S. production. The quarter's results include the impact of unabsorbed costs and restart expenditures due to production inefficiencies at the Hawesville...
Century Aluminum Sees Q2 EPS Below Consensus
The company said that its shipments (metric tons shipped) for the second quarter were 82,174 metric tons in the U.S., up 7% sequentially, and 69,309 metric tons in Iceland, up 3% sequentially. These results are consistent with the estimates the company provided during its April earnings call with...
Growth in metals shipments decelerates in June
Service center shipments in the US and Canada for both steel and aluminum increased from 2010 levels but the rate of growth slowed significantly. Inventory levels decreased in the US but increased slightly in Canada. 1. Aluminum Product Activity 134,300 tonnes of aluminum products were shipped by...
Potential Reliance Steel and Aluminum (RS) Trade Has $46.87 Breakeven
Reliance Steel and Aluminum (NYSE:RS) closed Tuesday's winning trading session at $49.67. In the past year, the stock has hit a 52-week low of $34.58 and 52-week high of $60.60. Reliance Steel and Aluminum (RS) stock has been showing support around $49.09 and resistance in the $49.99 range....
SMM Morning Review – 2011/7/21 Aluminum Market
Changing debt crises in Europe and the US have kept investors cautious, and they are optimistic that an agreement for Greek bailout will be reached during the European Union Summit. As a result, the Euro climbed on July 20. Later during the day, US National Association of Realtors (NAR) announced...
C.R. Laurence Co., Inc. (CRL) Announces Acquisition of U.S. Aluminum Company (USAL)
C.R. Laurence Co., Inc. (CRL), a leading global supplier to the glazing, railing, architectural, construction, industrial, and automotive industries, is pleased to announce the acquisition of U.S. Aluminum Company, formerly a part of the International Aluminum Group.
SMM Morning Review – 2011/7/19 Aluminum Market
Though Euro zone leaders tried to avoid a selective default or default by Greece, the second round of bailout plan for Greece still has not been reached. Therefore the European debt crisis continued with default risk rising. In addition, US default risks increased since no resolution in raising the...
LME rule disappoints aluminium consumers
Some of the world’s largest buyers of aluminium reacted with disappointment on Friday to a long-awaited decision by the London Metal Exchange to change its warehousing rules. General Motors, one of the world’s largest automakers, and Novelis, a leading aluminium processor, told the Financial Times...
