Tag: Automotive

The company said the elimination of 57 of its 99 positions is permanent.

The Lebanon facility will effectively double the company's total annual processing capacity to an estimated 240 million pounds.

Crude oil prices retraced late last week on growing optimism about the Iran war. All this sounds promising. But our sense is this is going to be an intricate sequencing game. And it runs the risk of unraveling if one side or the other seeks to prioritize its concessions over those made to the other. We will have to see what happens.

Before the second Trump administration, many automakers banked on an electrified future, with federal and state tax breaks incentivizing consumers.

CRU Senior Analyst David Leah said at the CRU World Aluminium Summit 2026 in London that automotive aluminum demand continues increasing, though growth is shifting unevenly between castings, extrusions and rolled products as automakers reassess vehicle designs.

“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.

Texarkana Aluminum (TKA) used its new Mino four strand hot tandem line to produce the first coil at its Texas facility. 

The upgrades are expected to increase capacity by up to 75,000 metric tons, the company said in an announcement.

ACT Research and FTR Intelligence data showed Class 8 truck orders increased sharply in early 2026 even as trailer demand, OEM deliveries and manufacturer shipments remained weaker.

Hydro's Q1 results show higher prices supporting margins despite weaker North American demand and ongoing Middle East curtailments.