GM Won’t Follow Ford Down the Aluminum Car Body Path

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General Motors Co. won’t follow rival Ford Motor Co. in betting on aluminum vehicles, but instead will use a mix of aluminum, high-strength steel, magnesium and carbon fiber to cut the weight of future models, including its luxury sedans and pickup trucks, the automaker’s product development chief told the Wall Street Journal.

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Mark Reuss laid out new details of how GM plans to slash weight from its vehicles and meet tougher fuel economy rules in a lengthy presentation to analysts and investors at GM’s vehicle proving grounds in Milford, Mich.

The aluminum cash price experienced the biggest price decline of the day, dropping 1.9% on the LME to close at $1,898 per metric ton on Thursday, October 2. On the LME, the 3-month price of aluminum fell 1.8% to $1,933 per metric ton. The Indian aluminum cash price saw little movement on Thursday, closing out around INR 120.55 ($1.95) per kilogram.

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Chinese aluminum prices closed flat for the day. For the fifth day in a row, the price of Chinese aluminum scrap remained essentially flat at CNY 12,250 ($1,996) 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 ($2,214) per metric ton. The price of Chinese aluminum bar continues hovering around CNY 14,200 ($2,313) per metric ton for the fifth day in a row. The cash price of Chinese aluminum remained essentially flat at CNY 13,960 ($2,274) per metric ton.

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