The International Aluminium Institute (IAI) and the Aluminium Stewardship Initiative (ASI), a multi-stakeholder organization with the mission to foster responsible production, sourcing, and stewardship of aluminum, signed a memorandum of understanding (MOU) to collaborate in their respective efforts to support continuous improvement in the performance of the global aluminum industry and the sustainable use and […]
Aleris Corporation entered into a definitive agreement to be acquired by Zhongwang USA LLC, an investment company owned by Zhongwang International Group Ltd., parent company of China Zhongwang. Under the agreement, Zhongwang USA will acquire Aleris for $1.11 billion in cash for the equity, plus $1.22 billion in net debt. “We are excited about this transition to strategic […]
By Andrea Svendsen, Managing Editor. Matalco Inc., a member of the Giampaolo Group, reached a milestone with the startup of its third aluminum remelt and billet production facility located in Lordstown, OH, which will be able to produce 350 million lbs annually when it reaches full capacity. The new ~$100 million, 225,000 sq ft casting […]
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Global growth in the magnesium market is expected to average 3.4% per year reaching almost 1.2 million tpy by 2020, according to a new report — Magnesium Metal: Global Industry, Markets & Outlook, 12th Edition — from Roskill that forecasts the industry out to 2020. Globally aluminum alloys and die casting are predicted to be the […]
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General Motors (GM) has elected to use aluminum sheet supplied by Novelis, in the body of its new aluminum-intensive 2016 Cadillac CT6. The new mixed material vehicle construction featured in the Cadillac CT6 represents a first of its kind for GM in North America and China. The Cadillac CT6 features a body made of 62% aluminum. […]
The Aluminum Association has applauded the U.S. International Trade Commission (USITC) for beginning its 332 investigation into the global aluminum industry and the competitiveness of U.S. producers. The federal trade agency announced it has officially launched its investigation, “Aluminum: Competitive Conditions Affecting the U.S. Industry.” For U.S. producers, overcapacity, particularly in China, is of paramount concern […]
Advocacy. Standards. Insight. The Aluminum Association is the industry’s leading voice in Washington, DC. It provides global standards, industry statistics and expert knowledge to member companies and policy makers nationwide. Highly engaged in public policy and technical forums, the Association is committed to advancing aluminum as the sustainable metal of choice around the world. Take-Away […]
Alcoa is entering upon a multi-year transformation with the plan to separate into two independent, publicly-traded companies — an Upstream company and a Value-Added company. “Inventing and reinventing has defined our company throughout its 126-year history,” said Klaus Kleinfeld, chairman and chief executive officer, Alcoa. “In the last few years, we have successfully transformed Alcoa to […]
