For Ford’s Fields, Aluminum F-150 is Key

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Source: Novelis

Soon boosting Ford’s stock will fall to Mark Fields. The new CEO said today that when he takes over for Alan Mulally, the company’s new aluminum-bodied F-150 truck will be key to making the automaker’s stock rise.

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The Indian aluminum cash price saw the biggest decline of the day, dropping 1.2 percent to close at INR 108.45 ($1.80) per kilogram on Thursday, May 1. On the LME, the cash price of primary aluminum fell 0.6 percent to $1,769 per metric ton. The aluminum 3-month price saw a 0.5 percent decline on the LME to $1,812 per metric ton.

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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 ($1,957) per metric ton. The price of Chinese aluminum billet saw little movement at CNY 13,590 ($2,171) per metric ton. The price of Chinese aluminum bar held steady at CNY 14,200 ($2,269) per metric ton. The cash price of Chinese aluminum saw little change in its price yesterday at CNY 13,290 ($2,123) per metric ton.

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