Novelis is seeing a 45-year-old dream come true as the auto industry is on the cusp of making the lightweight material mainstream, the Detroit News reported.
Novelis is supplying aluminum for the 2015 Ford F-150 that goes on sale later this year. The supplier is expanding its Oswego, NY, plant, for a third time and Ford can use everything it can make.
When Ford and Novelis started talking in 2009 — facilitated by Novelis CEO Phil Martens, a former Ford executive, and Ford’s former CEO Alan Mulally’s knowledge of aluminum from his time at Boeing — the aluminum F-150 evolved from dream to reality.
Ford makes about 700,000 F-150s a year and starting with the next-generation light-duty truck they will all have aluminum bodies.
On Friday, August 15, the aluminum 3-month price fell by 1.1 percent on the LME, landing at $2,021 per metric ton and making it the day’s biggest mover. The primary aluminum cash price weakened by 1.0 percent on the LME, settling at $2,005 per metric ton. The cash price of primary Indian aluminum held steady last Friday, remaining around INR 124.05 ($2.04) per kilogram.
Chinese aluminum prices were flat for the day. The price of Chinese aluminum scrap saw essentially no change for the fifth day in a row, remaining around CNY 12,250 ($1,991) per metric ton. The price of Chinese aluminum billet saw little movement at CNY 13,590 ($2,209) per metric ton. The price of Chinese aluminum bar held steady at CNY 14,200 ($2,308) per metric ton. For the fifth consecutive day, the Chinese aluminum cash price held flat at CNY 13,960 ($2,269) per metric ton.