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European Aluminium Congress, 23 / 24 Nov 2009, Düsseldorf, Germany
Aluminium Automotive Applications
Aluminium has become an indispensable
material in automobiles: today,
castings for engine blocks, cylinder
heads and gearbox casings as well as
structural components in the body
area are state of the art. But semi-finished
products in the form of sheet,
extruded profiles and forgings are also
increasingly finding use in vehicles:
for example, as body sheet and crashrelevant
components such as bumper
crossbeams or longitudinal chassis
beams. Against this background the
German trade association GDA, Düsseldorf,
is organising the European
Aluminium Congress titled ‘Aluminium
Automotive Applications – Material
for Lightweight Construction and
Aluminium jumps
over UsD2,000 hurdle
A lack of aluminium combined with
stronger demand from carmakers has
pushed up prices of the metal, even
though stocks in LME warehouses are
at record highs. Aluminium breached
the USD1,800/t threshold in July, a
level last seen in November 2008,
and even jumped over the USD2,000/
t hurdle in early August. The idea of
shortages may seem odd at first glance,
but a close inspection reveals that a
lot of the 4.5m tonnes of aluminium
stored in LME warehouses is tied up
in deals to release cash for producers.
That demand could come from the car
industry, which has help from government
stimuli to junk old cars for new
cars, and is gradually reviving after
months of collapsing sales.
Lack of material is already being
reflected in premiums paid for physical
material over futures contracts.
In June, Japanese primary aluminium
consumers agreed to a 30 percent
hike in premiums for the current
quarter. In Europe, the premium has
risen to USD65 a tonne compared
with USD10 in March. About 70 percent
of the stocks in LME warehouses
(3.15m tonnes) is thought to be tied up
in financing deals until May 2010.
paw
ALUMINIUM · 9/2009
Design’ from 23 to 24 November 2009.
At the congress, the various applications
of aluminium currently being
used in motor cars will be presented.
Moreover, top-class representatives
from the car and aluminium industry
and from universities will present and
discuss currently used and far-sighted
innovative solutions.
Further information as well as various
registration forms can be found
on the special congress website at
www.aluminium-congress.com.
Contact:
Anncathrin Wener, GDA
Tel: +49 211 4796 282
anncathrin.wener@aluinfo.de
YO U R PA R T N E R F O R T E C H N O L O G I E S
BUSS ChemTech AG
Hohenrainstrasse 10, CH-4133 Pratteln 1/Schweiz
Tel. +41 (0) 618 256 462, Fax +41 (0) 618 256 737
info@buss-ct.com
www.buss-ct.com
N e w s i N b r i e f
KAP gets cheaper
power under MoU
Struggling Kombinat Aluminijuma
Podgorica (KAP), owned by heavily indebted
Oleg Deripaska’s EN+ Group,
acquired cheaper energy under an
MoU with the Montenegrin government.
The future is looking more positive
for the aluminium smelter under
the recently signed deal, which enables
KAP to buy power at a cheaper rate of
20.44 euros (USD28.66) MWh while
the LME price is under USD1,700 per
tonne. The Montenegrin government
sold KAP to EN+ Group in June 2005.
In return the government would provide
KAP with 135m euros in loan
guarantees which would be used to
pay its debts and go towards working
capital at the plant. paw
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