By Nnamdi Anyadike
This file analyses the kingdom of the aluminium marketplace firstly of the twenty first century, the aftermath of the MoU and at tendencies and advancements within the demonstrated and rising marketplace economies contemplating the adjustments and demanding situations confronted by way of aluminium in its middle car, packaging and development end-use sectors.
- A transparent and specified research of the and its significant markets
- A survey of traits in mining, refining, processing, end-use and consumption
- Unique and marketplace forecasts
Read Online or Download Aluminium. The Challenges Ahead PDF
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Extra info for Aluminium. The Challenges Ahead
While most companies had metal price escalators built into their aluminium castings contracts, which could be adjusted on a monthly, quarterly or six-monthly basis, they remained under pressure to cut costs and many like Ford announced that they would be looking for overall reductions in piece prices from the start of 1995. Price hedging, which was supposed to be the function of the LME's aluminium alloy contract, was still largely a minority practice by buyers of diecast aluminium components in 1994.
This consideration was one of the factors which led to the common rules being considerably weaker than those adopted earlier by the UK, Norway and Sweden. It is also behind the call for a gradual introduction of electricity market liberalisation (see Fig. 1). 1 Electricity sources used in European aluminium production, 1996 (source: IPAI). 1 m tonnes of primary aluminium produced in western Europe in 2000, two-thirds was produced in the EU and surveys show that the power prices paid by the EU smelters are higher than the western world average.
The message was thus coming through loud and clear that the need to reduce the weight of automotive materials was just one factor among many to be taken into account in the design of automobiles. And among lightweight materials, aluminium was also only one material among others such as plastics, composites and new lightweight automotive steels, to be considered. Despite these scares, aluminium prices declined in 1995 and the aluminium industry did subsequently record some notable successes with the automotive industry.