Investments, Start-Up Costs Led to Brutal Q1 for Aleris
Cleveland’s rolled aluminium firm Aleris Corporation released first-quarter numbers yesterday. Though most figures remained steady compared to last year’s first...
Aleris
Aleris Inks Deal with UAE Firm to Market Architectural Aluminium Alloy
Ohio’s Aleris International, Inc. announced a partnership earlier this week with Dubai’s MJ Building Materials TradingDMCC to promote its proprietary architectural aluminium alloy 55HX to construction firms in the region. Aleris’s 55HX alloy is designed to be used in a wide range...
Aleris Shows Net Loss in 2016, but Plans on Better Bottom Line in 2017
Cleveland’s rolled aluminium firm Aleris released results for the fourth quarter and full year of 2016 on Friday. The firm...
Experts See Increasing In-Roads in Western Aluminium Industry by Chinese Firms
Industry analysts see an expansion of aluminium firms from the People’s Republic of China into the worldwide automotive and aerospace...
Events
Liu Zhongtian – A Magnet for Controversy
The Chinese aluminium magnate Liu Zhongtian has been busy over the past several months. His latest move, namely his firm’s purchase of US firm Aleris, came as a shock to many in the market for a variety of reasons. Zhongwang USA LLC, an investment company owned by China Zhongwang’s parent company Zhongwang International Group Ltd, […]
Aleris Purchased by Zhongwang for US$2.33 bln
Cleveland’s Aleris Corporation announced today that it has been purchased by Zhongwang USA LLC, a firm owned by China Zhongwang’s Liu Zhongtian. According to the press release, the purchase price was US$2.33 billion. Aleris indicated that the purchase price was made up of US$1.1 billion in cash, with the balance being debt. Zhongwang, which is […]
Aleris Lands Long-Term Supplies Contract with Airbus
Cleveland rolled and extruded aluminium firm Aleris announced yesterday that it has secured a long-term supply contract with French aerospace firm Airbus SAS. According to the press release, the multi-year contract will have Aleris supplying Airbus aluminium plate and sheet (including advance wing-skin material) for use on the entirety of Airbus’ offerings, beginning in 2017. […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
