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Aluminum Seen Winning Ground Over Steel, Copper

Aluminum demand is strong despite record-high inventories of the metal, and will be further buoyed in coming years by increased usage in the automotive and aerospace industries, where it is winning ground over steel and copper in a bid to lightweight vehicles and products, participants at CRU's World Aluminum congress in London said."Demand's a great story," said Tim Reyes, president, Alcoa Materials Management, part of aluminum producer Alcoa Inc. (AA), which is investing heavily in expanding its rolling and processing facilities, even while considering cuts to its primary metal production capacity amid global oversupply. Processor Aleris International Inc. and smelting and processing group Hindalco Industries Ltd. (500440.BY) of India are also investing in downstream production capacity in a bid to meet demand which is expected to grow eightfold in the next decade in segments such as autobody sheet.Global consumption of aluminum is expected to continue growing for three to four years...

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  1. Toyota re-styles no-frills models to drive China fightback

    Toyota Motor Corp is giving its Vios and Yaris models a major makeover for China as part of the Japanese group's make-or-break move into the no-frills entry-level se...

  2. API: U.S. March Oil Use Rose 0.6% Vs. Year Earlier

    U.S. oil demand rose a slim 0.6% in March from a year earlier, to 18.3 million barrels a day, the American Petroleum Institute said Thursday.Despite the modest rise ...

  3. Southwestern Energy on Industry Outlook, EPA Methane Regulations and US LNG Exports

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  4. Oil Futures Retreat as China Data Raise Demand Worries

    Crude-oil futures fell sharply Monday, as an unexpected slowdown of economic growth in China raised fears about slowing demand in the world's second-biggest oil cons...

  5. Gasoline Futures Tumble After Big Inventory Build in U.S.

    Gasoline futures tumbled Wednesday after a government report showed an unexpected increase in U.S. stockpiles as refiners churn out more fuel in the face of weak dem...

  6. Ford's Focus Tops World Car Sales in 2012

    Ford (NYSE:F) surpassed one million annual Focus sales for the first time last year as demand for fuel-efficient vehicles grew and U.S. cars began outpacing Japanese...

  7. GM to Spend $332M on U.S. Plant Upgrades

    General Motors (NYSE:GM) announced plans on Thursday to invest nearly $332 million in four U.S. manufacturing sites to produce more fuel-efficient engines and transm...

  8. Recalls May Dent Hyundai, Kia Image but Stock Will Rebound

    Hyundai Motor Co. (005380.SE) and Kia Motors Corp. (000270.SE) biggest recall will have a short-term effect only on share prices but the dent in image might take lon...

  9. Rallying Auto Sales Signal Improving U.S. Economy

    With U.S. auto sales rallying, all signs are pointing to a broader improvement in the economy as consumers open their wallets to pricey hot-ticket discretionary purc...

  10. GM Intensifies Pickup Battle; Claims Better MPG than Ford

    The pickup-truck war is on with General Motors Co. (GM) claiming Monday its new Chevrolet Silverado and GM Sierra pickup trucks will beat out Ford Motor Co. (F) when...

  11. Ford Brazil President: 1st-Quarter Industry Sales Slower Than Expected

    SAO BERNARDO DO CAMPO, Brasil-- Ford (F) sales have managed to stay on target during the first quarter of this year even as overall industry sales grow less than exp...

  12. Fuel efficiency law to get EU on road to growth: study

    Proposed European legislation on auto fuel efficiency, to be debated this week, could create around 400,000 jobs and save the bloc tens of billions of euros in annua...

  1. Boeing, Turkish Air Ink $7B 737 Deal

    Boeing (NYSE:BA) struck a nearly $7 billion airplane deal with Turkish Airlines on Tuesday for 70 aircraft from its family of 737s, marking the biggest-ever deal bet...

  2. EIA: Retail Gasoline Price Up 6.5 Cents in Week to Most Since April 8

    The national average retail price of regular gasoline rose 6.5 cents to $3.603 a gallon in the week ended Monday, the Energy Information Administration said.The pric...

  3. European Proposal Suggests Capping Van Speeds at 75 MPH

    The top speed of vans in the European Union should be electronically limited to 120 km (75 miles) per hour, according to a proposal backed by the European Parliament...

  4. Hyundai Heavy Gets $700 Million Container Ship Order From CSCL

    Hyundai Heavy Industries Co. (009540.SE) said Monday that it had received a $700 million container ship order from China Shipping Container Lines Co. (2866.HK), taki...

  5. Six top Cars in Class With High Resale Value

    Buying a new car is a big investment. But you also want it to be a sound one. No one wants to get stuck with a vehicle that loses its value too quickly or is worth a...

  6. Airbus: Nepal Airlines Buys 2 A320 Aircraft

    Civilian aircraft manufacturer Airbus Monday said Nepal Airlines Corp. agreed to buy two single-aisle A320 passenger jets in an effort to modernize its fleet.The com...

  7. Top 10 Environmentally Friendly Cars

    Earth Day, observed on April 22, is a global annual celebration of the environmental movement. The day and its activities date back to 1970.The environmental push ov...

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