Novelis, ThyssenKrupp Marry Over Car Parts as LME Aluminum Price Rises

by on

According to Jethro Wookey (awesome name) from our friends over at AMM, Novelis and ThyssenKrupp are inking a deal to produce aluminum auto parts for the car industry.

You can read the full article here if you subscribe.

Track the other metals that are sourced by the automotive industryFREE Download: The most recent Monthly MMI® Report, including the Automotive MMI®!

For current aluminum price movements on the MetalMiner IndX℠, click below:

The aluminum cash price saw a 1.3 percent increase on Wednesday, May 22, reaching $1,835 per metric ton on the LME and making it the biggest mover for the day. On the LME, the aluminum 3-month price rose 1.2 percent to $1,868 per metric ton.

today's metal prices - MetalMiner IndXThe Indian aluminum cash price rose 1.0 percent.

Chinese aluminum closed mixed on Wednesday. The Chinese aluminum cash price gained 0.3 percent. The price of Chinese aluminum scrap held steady. The price of Chinese aluminum billet saw little movement. The price of Chinese aluminum bar continues hovering in place for the fifth day in a row.

FREE Download: The most recent Monthly MMI® Report – price trends for 10 metal markets!