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Century Aluminum records increased shipments but sees net sales dip in Q1 2024
02 MAY 20242MINS

Century Aluminum records increased shipments but sees net sales dip in Q1 2024

Century Aluminum, a global primary aluminium producer with operations in the United States and Iceland, announced its first quarter results of 2024, which ended March 31. The company’s net sales during the period totalled $489.50 million, down by $22.8 million or 4.45 per cent from $512.3 million...

Korean market raises concern over US Government’s anti-dumping investigation targeting aluminium extrusion products
30 APR 20243MINS

Korean market raises concern over US Government’s anti-dumping investigation targeting aluminium extrusion products

The preliminary ruling by the U.S. government on an anti-dumping investigation concerning imported aluminium products has sparked concerns within the Korean industry. In response to this development, the Korean Ministry of Trade, Industry, and Energy (MOTIE) convened a countermeasures meeting with...

GCC eyes to replace Russia in western countries with its wealth of primary aluminium
29 APR 20242MINS

GCC eyes to replace Russia in western countries with its wealth of primary aluminium

In the wake of the Western countries' ban on Russian aluminium, aluminium producers from the Gulf Cooperation Council expect their exports to increase to the United States and European markets. This anticipation is based on the new sanctions package imposed by the United States and the United...

EAC-PM advises India to brace for possible US stagflation effects
29 APR 20244MINS

EAC-PM advises India to brace for possible US stagflation effects

Sanjeev Sanyal, a member of India's Economic Advisory Council to the Prime Minister (EAC-PM), emphasised that while stagflation in the US isn't inevitable, it's a prospect India must carefully weigh. Stagflation characterises an economic state marked by a trifecta of high or increasing inflation,...

Aluminum Association backs Mexico's decision to increase border tariffs on Chinese aluminium
26 APR 20243MINS

Aluminum Association backs Mexico's decision to increase border tariffs on Chinese aluminium

Following the United States' command to the Mexican government to prevent China from shipping metals to the US via its ports, Mexico has announced an increase in border tariffs on many types of aluminium and aluminium products imported from China. A week ago, United States President Joe Biden...

Aerosol Recycling Initiative publishes white paper to accelerate aerosol recycling in the US
26 APR 20242MINS

Aerosol Recycling Initiative publishes white paper to accelerate aerosol recycling in the US

The Aerosol Recycling Initiative, a collaboration between the Can Manufacturers Institute (CMI) and the Household and Commercial Products Association (HCPA), unveils its strategic white paper aiming to propel aerosol recycling in the US to new heights. By 2030, the initiative aims to boost the...

Economic research reveals US aluminum industry supports more than 164,000 direct jobs
26 APR 20242MINS

Economic research reveals US aluminum industry supports more than 164,000 direct jobs

Economic research firm John Dunham and Associates has released its latest survey report, providing fascinating information about the market size and employment of the United States present aluminium industry. The study says the US aluminium industry directly employs more than 164,000 workers and...

Can-One USA aims to produce two billion aluminium beverage cans at its Nashua facility
26 APR 20243MINS

Can-One USA aims to produce two billion aluminium beverage cans at its Nashua facility

Can-One USA, a division of the Malaysia-headquartered can manufacturing company Can-One, has commenced operations at its newly established facility in the United States. The plant, which spans 180,000 square feet and is located in Nashua, New Hampshire, anticipates an annual output of two billion...

LME clamps down on traders profiting from Russian aluminium amid sanction compliance
25 APR 20242MINS

LME clamps down on traders profiting from Russian aluminium amid sanction compliance

On April 24, 2024, the London Metal Exchange (LME) took action to prevent traders from exploiting rule changes by prohibiting taking Russian aluminium from its approved warehouses and returning it for profit. Earlier this month, the US and Britain prohibited the London Metal Exchange (LME) from...

Alufinish and Columbia Chemical team up to redefine aluminium surface treatment in the US
24 APR 20242MINS

Alufinish and Columbia Chemical team up to redefine aluminium surface treatment in the US

Alufinish, headquartered in Andernach, Germany, and Columbia Chemical, based in Brunswick, Ohio, are uniting their strengths to revolutionise the sales and service capacities in the U.S. market. This strategic collaboration is set to offer a unique blend of products and services, catering to a...

Revving up or slowing down? Public response key as electric vehicle subsidies evolve
23 APR 20244MINS

Revving up or slowing down? Public response key as electric vehicle subsidies evolve

Government policies and subsidies have been instrumental in fostering the growth of the electric vehicle market. However, as these incentives are phased out and policies evolve, the public will increasingly shape the future market adoption trajectory. As electric vehicles (EVs) become increasingly...

Primary weekly recap: US levies 7.5% tariff on Chinese aluminium and steel imports while LME bans Russian aluminium produced on or after April 13
21 APR 20244MINS

Primary weekly recap: US levies 7.5% tariff on Chinese aluminium and steel imports while LME bans Russian aluminium produced on or after April 13

This week, significant shifts reshaped the primary aluminium sector. The Biden administration's decision to triple tariffs on Chinese aluminium and steel imports aims to curb overproduction and level the playing field for American metal industries. Supported by the Aluminum Association, this move...

China strongly opposes US restrictions on aluminium & steel products
19 APR 20242MINS

China strongly opposes US restrictions on aluminium & steel products

China has strongly opposed the United States imposing new restrictive measures on Chinese aluminium and steel products, condemning the move as unilateral and protectionist. The announcement came from China's Commerce Ministry, which denounced the US actions and labelled the accusations against...

US Government triples 7.5% tariff on Chinese aluminium and steel imports; Aluminum Association applauds the move
19 APR 20242MINS

US Government triples 7.5% tariff on Chinese aluminium and steel imports; Aluminum Association applauds the move

According to a report on April 18, United States President Joe Biden has tripled the current 7.5 per cent tariff on Chinese aluminium and steel imports and is putting pressure on Mexico to prevent China from shipping metals to the United States via Mexican ports. In response to this move, the White...

Innovation surge in US metal industry: R&D investment grows 2.5 times higher than average
19 APR 20243MINS

Innovation surge in US metal industry: R&D investment grows 2.5 times higher than average

According to the latest annual data, companies in the US metal fabrication sector increased their R&D investment by 26.4 per cent compared to the previous year. This growth is 2.5 times higher than the average across US sectors*. As the industry looks to improve efficiency, cover skill gaps, and...

LME bans Russian aluminium produced on or after April 13
16 APR 20242MINS

LME bans Russian aluminium produced on or after April 13

The London Metal Exchange (LME) announced it would rule out stocking Russian aluminium produced on or after April 13 in its warehouses in accordance with the latest sanctions packages instigated by the US and British governments. The sanctions are designed to restrict Russian aluminium, copper, and...

Alcoa sees bullish momentum with 3% jump following Russian metal sanctions
16 APR 20242MINS

Alcoa sees bullish momentum with 3% jump following Russian metal sanctions

On April 15, the stock price of aluminium giant Alcoa soared by over 3 per cent, buoyed by a surge in aluminium prices. The uptick followed a joint announcement from the US and UK regarding fresh sanctions targeting Russian metals to keep Moscow under pressure for the Ukraine-Russia geopolitical...

Geopolitical pressure prompts CME to restrict Russian aluminium
15 APR 20242MINS

Geopolitical pressure prompts CME to restrict Russian aluminium

On April 14, 2024, CME Group announced that it had suspended aluminium produced in Russia from its platform starting April 13, 2024. This decision follows new sanctions imposed by the United States and Britain on Russia due to the geopolitical crisis with Ukraine. On April 12, 2024, the US Treasury...