Alcoa reports $231m net loss as production, shipments decline in Q1
Australian mining firm Alumina Limited announced Alcoa Corporation’s Q1 earnings results, revealing a loss of $231 million, which is a significant contrast to the profit the company recorded in the same period a year earlier, owing to a decrease in shipments and production.
US factory growth weakens amid tariffs, weather challenges
American manufacturing continued to grow in February, but at its slowest pace in seven months, according to the latest S&P Global US Manufacturing PMI.
BlueScope Distribution launches new aluminium routing machine
BlueScope Distribution Melbourne has completed the installation of its new CNC flatbed aluminium routing machine, which will enable the processing of products for customers across a wide range of manufacturing industries.
Australian industry remains in contraction for a year— Ai Group
The Australian industry marked its 12th consecutive month in construction territory after seeing a fallback in demand and activity in April.
Australian PMI: manufacturing sector sees stability in September
Australia’s Performance Manufacturing Index has shown stability in September 2022, with increased market activity of 50.2 points, according to the Australian Industry Group.
Australia’s manufacturing PMI hits near three-year high in August – S&P Global
Australia’s manufacturing sector expanded at its fastest pace in nearly three years in August, with stronger demand and a rebound in exports driving higher output, according to the latest S&P Global data.
Australian manufacturing PMI drops further in October – Judo Bank
Australia’s manufacturing sector saw further contractions in October after the rate of new orders dropped amid worsening demand conditions, according to the latest Purchasing Manager’s Index (PMI) data from Judo Bank.
Global manufacturing downturn in October marks longest deterioration sequence since 2002 – JP Morgan
The global manufacturing industry continued to see contractionary conditions in October as output declined for the fifth consecutive month dragged by further deterioration in new orders.
General Motors taps Aussie company Element 25 to help expand US EV supply chain
Element 25, a producer of manganese concentrate in Western Australia, has partnered with General Motors to support the production of over 1 million electric vehicles (EV) in North America.
AstraZeneca backs LBT Innovations’ drug manufacturing AI development
LBT Innovations has partnered with AstraZeneca to develop artificial intelligence software that would be used in drug manufacturing.
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Manufacturing leaders are entering a new phase of supply chain transformation, where growth is increasingly determined by how quickly and intelligently organisations can respond to change.
