With the release of the “Micromill” aluminum process, Alcoa continues to be the dominant innovation force in the automotive aluminum industry.
Alcoa’s finishing technology laid the foundation for the automotive aluminum revolution, and now the Micromill will open new fronts where aluminum will replace high strength steel on next-generation automotive models, a Barron’s analysis said. However, given premium pricing and niche applications, the Micromill will likely expand new markets for aluminum rather than disrupt current body-in-white (BiW) capacity plans.
On Monday, December 8, the day’s biggest mover was the price of Chinese aluminum billet, which saw a 2.3% decline to CNY 13,380 ($2,176) per metric ton. Chinese aluminum scrap prices saw a 0.8% decline to CNY 12,600 ($2,049) per metric ton. The Chinese aluminum cash price declined 0.6% to CNY 13,380 ($2,176) per metric ton. Chinese aluminum bar ended the day at CNY 14,370 ($2,337) per metric ton, after the 0.6% drop yesterday.
On the LME, the primary aluminum cash price rose 1.4% to $2,002 per metric ton. At $1,996, the 3-month price of aluminum finished the market day on the LME up 1.1% per metric ton. The Indian aluminum cash price saw little movement yesterday, closing out around INR 123.25 ($1.99) per kilogram.