Novelis announced on August 7 that due to the rising demand for aluminum panels in the automotive market, the company will increase the order prices of automotive aluminum and specialty aluminum panels in the North American market from that date. From August 7 onwards, all order prices for the aluminum alloy panels of the Nobles 6xxx and 5xxx series will be increased by 0.06 US dollars per pound, and the order prices of specialty aluminum products have also been adjusted to different degrees. Prior to this, Novelis had adjusted the price of automotive aluminum alloy panels in January this year. At that time, the order price of aluminum alloy panels of 6000 series, 5182 series and 5000 series was increased by 0.11 US dollars per pound. Marco Palmieri, president of Novelis North America, said that the company is expanding its production capacity in North America to meet the rapid growth in demand for aluminum products in the automotive market. In China, Nokia's automotive aluminum production plant in Changzhou will also start production within three months, with production capacity of 120,000 tons/year. In addition, the plant of Norbertis in Nachterstedt, Germany, has also broken ground. By the end of 2015, the company’s global aluminum sheet production capacity will reach 900,000 tons/year, which will be a year ago. On the basis of quadrupling.
Norbis Increases North American Aluminium Prices