After joining the nation’s first 3D printing institute, America Makes, in 2013, Alcoa Inc., the third largest producer of aluminum in the world, has begun looking into how they can best incorporate 3D printing technology into its business. At the company’s annual investor day presentation, Alcoa’s chief technology officer, Ray Kilmer, said that the aluminum maker is attempting to use 3D printing to produce jet engine parts, among other things.
3D Printing Industry reported that the company’s research has demonstrated to Alcoa that, with the technology, they can reduce product development costs by 25% and production time by 50%, according to Kilmer. At the same time, 3D printing can allow for more complex parts than possible with traditional manufacturing techniques.
On Thursday, November 6, the day’s biggest mover was the 3-month price of aluminum, which saw a 0.7% decline on the LME to $2,034 per metric ton. On the LME, the cash price of primary aluminum declined 0.6% to $2,037 per metric ton. The Indian aluminum cash price gained 0.4% to finish at INR 126.95 ($2.07) per kilogram.
Chinese aluminum prices were flat for the day. The price of Chinese aluminum scrap was unchanged at CNY 12,250 ($1,995) per metric ton. The price of Chinese aluminum billet continues hovering around CNY 13,590 ($2,213) per metric ton for the fifth day in a row. The price of Chinese aluminum bar saw little movement at CNY 14,200 ($2,312) per metric ton. The Chinese aluminum cash price was unchanged at CNY 13,960 ($2,273) per metric ton.