Novelis, world leader in aluminum rolling and recycling, has announced its plan to expand its Brazil rolling operations by investing $300 million in Pindamonhangaba. The said action is in response to the growing demand of Aluminum products in South America. Phil Martens, President and Chief Operating Officer, Novelis Inc. is quoted saying: “We are experiencing [...]
Continue reading "Novelis Invests $300 M to Expand Brazil Operations"
Wednesday, May 26, 2010
China’s premier Wen Jiabao delivered a big speech on Wednesday urging all levels of government to work with an ‘iron hand’ to improve energy efficiency. Click here to access the entire Editorial
Tuesday, May 11, 2010
Titanium and aluminum distributor, Trans World Alloys (TWA) has announced it’s grand opening of their 40,000 square foot, state-of-the-art service center at 249 East Gardena Blvd., Gardena, CA. Sandy Shadrow, the firm’s President and CEO is quoted saying, “… this significant investment was necessary for us to keep pace with the vastly growing product and [...]
Continue reading "Trans World Alloys’ New Headquarter in Gardena, California"
Tuesday, May 11, 2010
Abu Dhabi Government’s industrial investment arm, General Holding Corporation (GHC) is using US$1 billion (Dh3.67bn) aluminium mill to employ 3,000 jobs. Aluminium has reached an average of $2,196 a tonne return this 2010 even after the global financial crisis. “The philosophy of GHC is to create industrial projects to attract global players to Abu Dhabi, [...]
Continue reading "$1bn Aluminum Rolling Mill in Abu Dhabi"
Tuesday, May 11, 2010
The Islamic Republic of Iran’s aluminum produce has increased to 8 percent in the first month of the new Iranian year (started March 20, 2010). This is compared to March 20 of 2009. The news added the information: Iran has produced 25,732 tons aluminum during the last Iranian month (March 20-April 20, 2010) showing 8 [...]
Continue reading "Aluminum Surges in Iran"
Tuesday, April 14, 2009
Alcoa may have had a bad quarter, but the Forbes.com Investor Team has forecasted commodities as a relatively safe bet going forward. For full story, click here
Continue reading "Aluminum suffers but commodities future looks good"
Tuesday, April 7, 2009
In the past few weeks, the global marketplace has been met with some much welcomed positive news. However, on the back of a massive slide in commodities prices, aluminum companies are still struggling with record low prices and seemingly nonexistent demand.
Continue reading "Aluminum sector’s failure to launch"
Tuesday, March 10, 2009
Aluminum producer’s cutbacks have done little to stabilize the metal’s free fall. In London, the price of aluminum fell to $1,321 per tonne from $1,345. In New York, it was selling for 59 cents per pound. Six months ago, the metal’s going rate was $1.50 per pound.
Continue reading "Aluminum producer’s squeezed"
Tuesday, February 3, 2009
Aluminum prices are near five-year lows as orders drop from automakers, builders and appliance manufacturers. The global recession, collapsing consumer and corporate confidence and plunging demand for industrial metals have combined to drop the aluminum prices on the LME to their lowest monthly rate since April 2003.
Continue reading "Market pessimistic on aluminum’s comeback potential"
Tuesday, December 9, 2008
World aluminum prices recorded a marginal gain on Monday on the back of news that the incoming US administration will be unveiling a major stimulus package. US President-Elect Barrack Obama announced plans for the biggest infrastructure investment since the creation of an interstate highway in the 1950’s.
Continue reading "Will infrastructure spending rebound aluminum?"
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Thursday, May 27, 2010