US Auto Sales Supporting Magnesium Demand
Magnesium – Magnesium prices are down due to a supply glut, but that doesn't mean all is negative for the metal used in steelmaking and as an aluminum alloy.
Articles Tagged "automobile industry"
U.S. Steel to Promote Steel Safety in Autos Over Alternative Materials
Magnesium – Bloomberg reported that US Steel is using the tactic of promoting safety in using steel in autos to consumers, as automakers aggressively seek alternative materials.
North American Car Makers To Triple Thin Steel Use by 2025 in Bid for Fuel Efficiency
Magnesium – Bloomberg reported that North American car makers are looking to make their cars more energy efficient by tripling their use of thinner, stronger steel by 2025.
Car Industry Recovery Could Boost European Magnesium Demand
Magnesium – Magnesium consumption slumped in Europe last year, largely due to automotive industry plant closures and a precipitous drop in car sales. But while the European economy is still struggling, there are hopes that it may start recovering in the second half of 2013. China’s removal of its magnesium export tax should also help demand.
Removal of Chinese Magnesium Export Tax Could Boost Sales
Magnesium – China has dropped its export tax on magnesium, spurring optimism that demand from car makers, the consumer electronics industry and steelmakers will increase. Such demand could in turn push producers of the metal to ramp up production.
Tupy Secures Highest Volume CGI Cylinder Block in the World
Magnesium – Reuters reported that Tupy has received a substantial for a Compacted Graphite Iron passenger vehicle cylinder block, which will be produced Saltillo, Mexico. Production is set to begin in 2013, with the expectation that 300,000 cylinder blocks will be produced per year, which places marks this order as the highest volume CGI cylinder block in the world.
GM Considering Magnesium Sheet Metal Use in Cars
Magnesium – Reuters reported that GM is testing the possibility of using magensium sheet metal in cars, because it is lightweight and pliable when heated.
GM’s Magnesium Breakthrough Raises Efficient Car Hopes
Magnesium – General Motors' breakthrough in magnesium car parts is lifting hopes that all manufacturers will make greater use of the metal, especially as the European Union's mandate to slash greenhouse gas emissions looms.
Magnesium Has Role in Auto Innovations
Magnesium – Investor Ideas released a report on magnesium's use in making lighter and more efficient automobiles.
A123 Systems Stock Shaky after 2010 Net Earnings Loss of 1.56 per share
Lithium – Torquenews reports: Despite 2010 total revenue being up and product revenue being down, A123 Systems (Nasdaq: AONE) stock appears shaky due to net earnings loss of $1.56 per share.
