By Alton Tabereaux, Contributing Editor. A conspicuous transformation occurred in the world’s primary aluminum industry during the past five years with the construction of “Mega” aluminum smelters (>1 million tpy) in China, which have boosted aluminum production to levels not previously experienced by companies. Nine aluminum companies had an annual production greater than 2 million […]
UC Rusal and Sauer GmbH, a member of DMG MORI, a worldwide leading manufacturer of metal-cutting machine tools, signed an MOU to develop the 3D printing technology for industrial use of aluminum and aluminum alloys. According to the agreement, the 3D printing technology will be used to print aluminum parts applied by customers in the machinery-producing, aerospace, and […]
CME (Chicago Mercantile Exchange) Group announced the first North American physically delivered aluminum futures contracts were traded on May 6, by executing firm Macquarie Bank Limited. “Macquarie provides clients globally with metals-related risk management trading and hedging services, including a full range of futures execution and clearing services. We are very honored to be the […]
March 11 – “Antitrust suits vs. LME, banks to go on,” American Metal Market “A federal judge is allowing three groups of plaintiffs to pursue separate lawsuits against Goldman Sachs Group Inc., JPMorgan Chase & Co., their warehousing businesses and the London Metal Exchange. The suits, filed late last year on behalf of dozens of […]
