Aluminum will have to fight for its place in cars and trucks with carbon fiber, magnesium and high-strength steel, says Tom Boney, general manager of automotive for Novelis North America, a major aluminum supplier.
Automotive News interviewed Boney about the new aluminum-bodied Ford F-150 and how the aluminum industry is preparing for tougher corporate average fuel economy (CAFE) standards for the 2015 model year.
The Indian aluminum cash price saw the biggest upwards shift for the day, rising 0.9 percent to close at INR 113.60 ($1.88) per kilogram on Friday, April 18. On the LME, the aluminum 3-month price inched up 0.4 percent to $1,875 per metric ton. After a 0.2 percent increase, the cash price of primary aluminum finished the day on the LME at $1,837 per metric ton.
Chinese aluminum prices were flat for the day. For the fifth day in a row, the price of Chinese aluminum scrap remained essentially flat at CNY 12,250 ($1,970) per metric ton. For the fifth consecutive day, the price of Chinese aluminum billet held flat at CNY 13,590 ($2,185) per metric ton. The price of Chinese aluminum bar held steady at CNY 14,200 ($2,283) per metric ton. The cash price of Chinese aluminum showed little movement on Thursday, hovering around CNY 12,915 ($2,076) per metric ton.