Reflecting the innovation necessary to switch to an all-aluminum body, Ford’s 2015 F-150 will weigh about 700 pounds less than the 2014 model it replaces, the Detroit Free Press reported.
Better fuel efficiency, one result of the aluminum body, will go a long way in helping Ford meet tougher government corporate average fuel economy (CAFE) standards.
The new truck has more than 100 new patents approved or pending for technologies ranging from heat treating the aluminum alloy to a remote-controlled tailgate release.
In other automotive metals news, copper finally rebounded this week scoring an 11-week high on the London Metal Exchange as new signals of scarcity showed there could very soon be a shortage of the red metal used in automotive switching and wiring.
The week’s biggest mover on the weekly Automotive MMI® was the copper cash price, which saw a 2.8 percent increase on the LME to $7,030 per metric ton. This comes on the heels of a 0.6 percent decline the week prior. The copper 3-month price rose 2.0 percent on the LME to $6,940 per metric ton after falling 0.6 percent during the previous week. Korean 5052 coil premium over 1050 sheet remained essentially flat from the previous week at KRW 3,890 ($3.80) per kilogram. The Chinese lead price closed at CNY 14,000 ($2,239) per metric ton after a flat week.
The price of US HDG rose 0.5 percent to $788.00 per short ton after falling 0.8 percent during the previous week.
At $1,449 per ounce, the price of US platinum bar finished the week down 1.6 percent. Closing at $835.00 per ounce for the week, US palladium bar rose by a slight 1.1 percent.
The Automotive MMI® collects and weights 7 metal price points used in automotive production to provide a unique view into automotive metal trends. For more information on the Automotive MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.