US President Barack Obama got Alcoa Inc’s CEO Klaus Kleinfeld on his advanced manufacturing bandwagon, according to a company statement, due to the aluminum producer’s positioning on innovation.
Kleinfeld is “to join the President’s Advanced Manufacturing Partnership Steering Committee 2.0, part of a continuing effort to maintain US leadership in the emerging technologies,” according to the statement. “Alcoa has actively supported workshops and advised on R&D projects at the pilot institute, launched in Youngstown, Ohio, which is focused on developing and commercializing additive manufacturing, or 3-D printing.”
Meanwhile, the Chinese aluminum cash price saw the biggest increase on MetalMiner’s daily aluminum index at 0.5 percent for Thursday, September 26. The price of Chinese aluminum billet increased 0.3 percent.
The price of Chinese aluminum bar saw essentially no change for the fifth day in a row. The price of Chinese aluminum scrap held steady.
The 3-month price of aluminum weakened by 0.2 percent on the LME, settling at $1,796 per metric ton. The Indian aluminum cash price saw a 0.2 percent decline to INR 109.60 ($1.76) per kilogram. On the LME, the primary aluminum cash price fell 0.1 percent to $1,751 per metric ton.