Automotive

As someone who cut his eye teeth on a Yamaha YDS7 — yes, Google it and you’ll find they stopped making them decades ago — I have always had a soft spot for the Japanese manufacturer’s excellent two-stroke bikes.

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On the track and in terms of sales, Yamaha Motor Corp. has always played second fiddle to their bigger rival Honda Motor Co. Ltd. but that has generally been a spur to innovation rather than a limitation. After a couple of abortive attempts in the past, Yamaha is finally getting serious, they say, about evolving from two wheels to four.

Personally, I am not sure it is such a great idea but if you are going to do it this approach sounds better than the motorcycle manufacturer’s previous attempts. According to the Financial Times, Yamaha is teaming up with Gordon Murray, the former Formula One car designer, to launch a two-seater commuter vehicle in Europe as early as 2019. The design is for a two-door, two-seater similar to a concept car showcased in 2013 called the Motiv.

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MetalCrawler crawls the web for metal news you can use.

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Today, U.S. Steel Corp. received approval for its Alabama electric arc furnace, Aleris might expand its European automotive aluminum plant and copper futures hit a new three-week low.

Aleris Corp. may expand its capacity for production of aluminum sheet for automobiles in Europe when the economy there recovers, its top executive said, as demand for lightweight materials continues to grow.

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MetalCrawler’s latest news today includes an agreement in the oil strike that’s had managers camping in at a refinery in Toledo, Ohio.

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Low prices and cheap imports have caused a Minnesota iron ore operation to be shut down and Ford Motor Co.’s aluminum-bodied F-150 truck is enjoying sales success.

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Alcoa’s latest move, as reported earlier in MetalMiner, to acquire, Pittsburgh-based RTI International Metals Inc., in a $1.5 billion stock for stock deal is a logical and sound strategic move, building on the aluminum producer’s long-term plan to invest in downstream, value-added activities and gradually move away from the lower-return primary smelting business.

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Alcoa has invested heavily in new production facilities to meet an inexorable rise in demand for automotive sheet and to capitalize on it’s position as a major player in the equally buoyant aerospace sector.

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North American Palladium's stock rose by 51.8% in the past month. This combination of strong price performance and favorable technical data, could suggest that the stock is on the right path.

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North American is an established PGM producer that has been operating its main revenue source, its Lac des Iles mine in northern Ontario, Canada, since 1993.

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MetalMiner’s monthly Automotive MMI® has hit some bumps in the road – but the wheels haven’t quite fallen off yet.

Our automotive metals price index fell to 85 in March, a decrease of 2.3% from 87 in February. While automotive continues to be one of our stronger metal sectors, particularly aluminum and palladium used in automotive applications, it’s being dragged down by crude oil and other commodities that are keeping prices low.

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Despite a relatively healthy US automotive industry and strong results from manufacturers of original equipment (OEMs), prices are not rising for automotive raw materials such as steel and copper. Copper prices are a big component of our Automotive MMI® and their free-fall continues (even though the 3-month LME copper price inched up a bit this month). General Motors recently cut production of some of its more popular models as the cars are sitting on dealer lots awaiting buyers despite low prices and abundant supply of materials.

Thanks to the war in Ukraine and economic sanctions, Russia’s steel costs are now the lowest in the world and, as with gold before it, Russian steelmakers such as Severstal and Novolipetsk Steel are taking advantage of the situation by exporting heavily and getting paid in dollars and euros for the same steel – whose production is paid for by rubles that are worth at least 50% less.

US HRC and HDG both lost significant price territory to US steel imports this month, as US producers cut prices in an attempt to compete with the imports. According to recent figures released by the American Iron and Steel Institute (AISI), US steel imports rose 33% in January compared with the year before, reaching 3.85 million tons, compared with 2.9 million tons a year earlier, as reported by the WSJ. “The jump in imports comes as oil and gas drillers cancel orders for steel pipe, underscoring the resilience of overall U.S. demand compared with other markets,” according to the Journal. The continuing decline in the price of iron ore is also a factor in falling steel prices.

Manufacturers financing domestic and international commercial transactions are concerned with mitigating risk, and rightfully so. In the B2B e-commerce world, supplier financing off an approved invoice is one way to achieve this goal, but is it really the optimal solution? Could the answer lie in the new networks that are managing supplier data and document integration? A […]

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General Motors is trimming production at two of its car plants amid mounting dealer inventories, an effort to reduce stocks of the Chevrolet Sonic and Camaro, Buick Regal and other models.

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This week, GM scheduled downtime for March 9-13 at its Orion Assembly plant in suburban Detroit, where the Sonic and Buick Verano small cars are made, to adjust supply to demand, a plant worker and another person with knowledge of the schedule told the Automotive News.

The Orion plant also was idle last week and previously had scheduled a down week for April 6-10, also to trim excess inventory. Meanwhile, the “flex” line at GM’s Oshawa, Ontario, plant will be idled April 13-17, cutting production of the Camaro sports car, Regal sedan, Cadillac XTS sedan and Chevy Impala, one of the sources told the Automotive News.

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It is one of the neglected metals sectors in India. The metals recycling business suffers from government apathy and to some extent, even a lack of awareness on part of the various participants within the metals ecosystem. How else can one explain that India’s recycling rate is just about 25%, putting it at the bottom of the global list of recycling nations. In the US metals are recycled at a rate of 90%.

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Slowly, though, realization is creeping in that recycling metal scrap is a must in the modern world since the nation’s carbon footprint reduction has become imperative.

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Novelis Inc., a subsidiary of Aditya Birla Group's Hindalco Industries, plans to grow its auto and specialty aluminum businesses to a quarter each of its overall shipment size, closing down its foil and other businesses.

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Auto and specialty aluminum are currently 9% and 12%, respectively, of their overall shipments. The foil and other businesses are second largest segment of its shipments (about 17%) after its beverage cans business (62%).

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