Ford Motor Company is boosting the base prices of the 2015 F-150 pickup by $395 on low-level models, and by as much as $3,515 on top versions, USA Today reported.
The new trucks use aluminum body panels to save about 700 pounds as a way to boost fuel economy. Aluminum construction is more expensive than steel, and there has been considerable speculation about how much more Ford would charge.
The Indian aluminum cash price saw the biggest upwards shift for the day, rising 0.5 percent to close at INR 122.00 ($2.03) per kilogram on Friday, July 25. On the LME, the aluminum 3-month price inched up 0.3 percent to $2,036 per metric ton. On the LME, the primary aluminum cash price increased 0.1 percent to $2,013 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 ($1,978) per metric ton. The price of Chinese aluminum billet saw essentially no change for the fifth day in a row, remaining around CNY 13,590 ($2,194) per metric ton. The price of Chinese aluminum bar was unchanged at CNY 14,200 ($2,292) per metric ton. The cash price of Chinese aluminum continues hovering around CNY 13,450 ($2,171) per metric ton for the fifth day in a row.