Aluminum giant Novelis and German supplier Henkel said today they have signed an agreement to develop advanced bonding technologies for aluminum-intensive vehicles.
The first product, a pre-treatment that enhances the adhesion of glue and helps paint stick to aluminum, is already being vetted by automakers. Called Bonderite M-NT 8453, it would compete with and in some cases replace a similar product called Alcoa 951, which is the current industry standard coating for aluminum.
On Wednesday, March 4, the 3-month price of aluminum fell by 0.9% on the LME, landing at $1,795 per metric ton and making it the day’s biggest mover. On the LME, the primary aluminum cash price declined 0.8% to $1,783 per metric ton. The cash price of primary Indian aluminum weakened by 0.4%, settling at INR 112.25 ($1.82) per kilogram.
Chinese aluminum prices were mixed for the day. The Chinese aluminum cash price declined 0.2% to CNY 12,840 ($2,046) per metric ton. Chinese aluminum billet ended the day at CNY 12,850 ($2,048) per metric ton, after the 0.2% drop yesterday. At CNY 13,630 ($2,172) per metric ton, Chinese aluminum bar fell 0.1% on Wednesday. For the fifth day in a row, the price of Chinese aluminum scrap remained essentially flat at CNY 12,500 ($1,992) per metric ton.
[download-button url=”https://agmetalminer.com/monthly-report-metal-price-index-trends-february-2015/”] Download: MetalMiner’s February Price Trends Report[/download-button]