Automakers step back from EVs in favor of hybrids, gas-powered vehicles
Before the second Trump administration, many automakers banked on an electrified future, with federal and state tax breaks incentivizing consumers.
Before the second Trump administration, many automakers banked on an electrified future, with federal and state tax breaks incentivizing consumers.
“We will have coils coming off the mill within the next few weeks, well ahead of our previous guidance of end of June in the fourth quarter,” said Steve Fisher, president and CEO of the Atlanta-based company.
The current contract expires on May 16.
Meanwhile, this week, President Trump is in Beijing for a crucial series of meetings with Chinese leader Xi Jinping. Discussions are expected to include trade, the Iran war, technology and agriculture.
The LME price for aluminum spiked at the start of the US/Israel war on Iran and has lately hovered around $3,400-$3,600 per ton, not yet breaching $4,000.
The upgrades are expected to increase capacity by up to 75,000 metric tons, the company said in an announcement.
The Bowling Green operation will function as a full-cycle aluminum production site. Capabilities will include extrusion, anodizing, and finishing capabilities, allowing AKFA to perform multiple processing stages within a single US location rather than relying on external tolling or offshore finishing.
“The timing of our Mt. Holly restart could not be better...providing additional American metal units to the domestic market,” CEO Jesse Gary said.
There’s a lot of news to keep track of, so we’re lending a hand with highlights from the past month and what they mean for you.
Emirates Global Aluminium plans to acquire an 80% stake in Italian aluminum recycling company Eco Green.The deal marks the latest expansion for EGA.