Industry News
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5A06 Aluminum Alloy Performance And Applications
The main alloy element of 5A06 aluminum alloy is magnesium. With good corrosion resistance and weldable properties, and also of moderate. Its excellent corrosion resistance makes the 5A06 aluminum alloy widely used for marine purposes. Such as ships, as well as cars, air...Read more -
Russian aluminum supply to China hit a record high in January-August
Chinese customs statistics show that from January to August 2024, Russia’s aluminum exports to China increased 1.4 times. Reach a new record, total worthy about $2.3 billion US doller. Russia’s aluminum supply to China was just $60.6 million in 2019. Overall, Russia’s metal supp...Read more -
Alcoa has reached a partnership agreement with IGNIS EQT to continue operations at the San Ciprian smelter
News on October 16th, Alcoa said on Wednesday. Establishing strategic cooperation agreement with the Spanish renewable energy company IGNIS Equity Holdings, SL (IGNIS EQT). Provide funding for the operation of Alcoa’s aluminum plant in northwest Spain. Alcoa said it would contribute 75 mill...Read more -
Nupur Recyclers Ltd Will invest $2.1 million to start aluminum extrusion production
According to foreign media reports, New Delhi-based Nupur Recyclers Ltd (NRL) has announced plans to move into aluminum extrusion manufacturing through a subsidiary called Nupur Expression. The company plans to invest about $2.1 million (or more) to build a mill, to meet the growing demand for re...Read more -
Bank of America: Aluminum prices will climb to $3000 by 2025, with supply growth significantly slowing down
Recently, Bank of America (BOFA) released its in-depth analysis and future outlook on the global aluminum market. The report predicts that by 2025, the average price of aluminum is expected to reach $3000 per ton (or $1.36 per pound), which not only reflects the market’s optimistic expectat...Read more -
Aluminum Corporation of China: Seeking Balance amidst High Fluctuations in Aluminum Prices in the Second Half of the Year
Recently, Ge Xiaolei, the Chief Financial Officer and Secretary of the Board of Directors of Aluminum Corporation of China, conducted an in-depth analysis and outlook on the global economy and aluminum market trends in the second half of the year. He pointed out that from multiple dimensions such...Read more -
In the first half of 2024, the global primary aluminum production increased by 3.9% year on year
According to date from the International Aluminum Association, global primary aluminum production increased by 3.9% year on year in the first half of 2024 and reached 35.84 million tons. Mainly driven by increased production in China. China’s aluminum production increased by 7% year on year...Read more -
Canada will impose a 100% surcharge on all electric vehicles produced in China and a 25% surcharge on steel and aluminum
Chrystia Freeland, Canada’s Deputy Prime Minister and Minister of Finance, announced a series of measures to level the playing field for Canadian workers and make Canada’s electric vehicle (EV) industry and steel and aluminum producers competitive in domestic, North American, and global mar...Read more -
Aluminum prices were boosted by tight supplies of raw materials and expectations of a Fed rate cut
Recently, the aluminum market has shown a strong upward momentum, LME aluminium recorded its biggest weekly gain this week since mid-April. The Shanghai Metal Exchange of aluminum alloy also ushered in a sharp rise, he rally mainly benefited from tight raw material supplies and market expectation...Read more -
The application of aluminum in transportation
Aluminum is widely used in the field of transportation, and its excellent characteristics such as lightweight, high strength, and corrosion resistance make it an important material for the future transportation industry. 1. Body material: The lightweight and high-strength characteristics of al...Read more -
Bank of America is optimistic about the future of the aluminum market and expects aluminum prices to rise to $3000 by 2025
Recently, Michael Widmer, a commodity strategist at Bank of America, shared his views on the aluminum market in a report. He predicts that although there is limited room for aluminum prices to rise in the short term, the aluminum market remains tight and aluminum prices are expected to continue t...Read more -
Indian National Aluminum signs long-term mining leases to ensure stable supply of bauxite
Recently, NALCO announced that it has successfully signed a long-term mining lease with the government of the state of Orissa, officially leasing 697.979 hectares of bauxite mine located in Pottangi Tehsil, Koraput District. This important measure not only ensures the safety of raw material suppl...Read more