Obama Taps Alcoa's Klaus Kleinfeld; 3D Printing; China Aluminum Price Up

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US President Barack Obama got Alcoa Inc’s CEO Klaus Kleinfeld on his advanced manufacturing bandwagon, according to a company statement, due to the aluminum producer’s positioning on innovation.

Kleinfeld is “to join the President’s Advanced Manufacturing Partnership Steering Committee 2.0, part of a continuing effort to maintain US leadership in the emerging technologies,” according to the statement. “Alcoa has actively supported workshops and advised on R&D projects at the pilot institute, launched in Youngstown, Ohio, which is focused on developing and commercializing additive manufacturing, or 3-D printing.”

Meanwhile, the Chinese aluminum cash price saw the biggest increase on MetalMiner’s daily aluminum index at 0.5 percent for Thursday, September 26. The price of Chinese aluminum billet increased 0.3 percent.

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The price of Chinese aluminum bar saw essentially no change for the fifth day in a row. The price of Chinese aluminum scrap held steady.

The 3-month price of aluminum weakened by 0.2 percent on the LME, settling at $1,796 per metric ton. The Indian aluminum cash price saw a 0.2 percent decline to INR 109.60 ($1.76) per kilogram. On the LME, the primary aluminum cash price fell 0.1 percent to $1,751 per metric ton.

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