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Metals and Mining Aluminum Producers

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  • LONDON, July 20- If you're wondering why aluminium prices on the London Metal Exchange are hovering around six-year lows, you need look no further than the latest production report from the International Aluminium Institute. To be fair, some producers such as Alcoa have been trimming back higher-cost production but their efforts have been swamped by the...

  • LONDON, July 20- If you're wondering why aluminum prices on the London Metal Exchange are hovering around six-year lows, you need look no further than the latest production report from the International Aluminum Institute. To be fair, some producers such as Alcoa have been trimming back higher-cost production but their efforts have been swamped by the...

  • LONDON, July 20- Hong Kong Exchanges& Clearing Ltd. "These are the only principal terms of the settlement," the London- based LME said. The lawsuits, brought last year by companies in the United States, accused banks and traders of hoarding metal in LME warehouses, driving up the prices of industrial products from soft-drink cans to aeroplanes.

  • LONDON, July 19- Hong Kong Exchanges& Clearing Ltd. The LME, which was bought by HKEx in December 2012, says more than 80 percent of non-ferrous metals futures business is transacted on its platforms, totalling $14.6 trillion in 2013.. With regard to the third lawsuit complaint, the "first level" purchasers, HKEx said that plaintiffs had not yet filed an appeal against...

  • LONDON, July 13- China exported 2.5 million tonnes of unwrought aluminium and aluminium products in the first half of this year. Most of what leaves China is in the form of semi-manufactured products. China has long penalised exports of primary metal with a 15 percent export duty.

  • Don't write off Alcoa just yet: Morningstar Wednesday, 8 Jul 2015 | 11:09 PM ET
    Don't write off Alcoa just yet: Morningstar

    Andrew Lane, metals analyst at Morningstar, says Alcoa is going through a "transitional quarter" and will deliver substantial growth over time.

  • NEW YORK, July 8- Alcoa Inc said Wednesday it expects Chinese exports of semi-finished aluminum to slow as prices drop and Beijing increases oversight, even as the U.S. company blamed the world's top producer and consumer for a ballooning global surplus. Producers, including Alcoa and Rusal, have recently blasted China's swelling exports as a factor behind...

  • BENTONVILLE, Ark., July 8- Metals company Alcoa Inc reported a quarterly profit that missed expectations due to plunging primary aluminum prices on Wednesday, but revenues topped estimates on an ongoing drive to reduce reliance on the company's legacy commodity business. During a conference call with analysts, Alcoa raised its global forecast for the global...

  • NEW YORK, July 8- Alcoa raised its forecast for the global aluminum surplus by more than half as China, the world's top producer and user of the light metal, has not cut output as much as expected, a senior executive said on Wednesday. The U.S. aluminum producer expects supply to outpace global demand by 760,000 tonnes this year, some 400,000 tonnes higher than its...

  • BENTONVILLE, Ark., July 8- Metals company Alcoa Inc reported a quarterly profit that missed expectations on Wednesday, but its revenues topped estimates even as aluminum prices fell by 20 percent. Alcoa reported a quarterly net profit of $140 million, up more than 1 percent from $138 million a year earlier. Profit per share slipped to 10 cents from 12 cents a share,...

  • Beaten stock could surge on earnings: Traders Wednesday, 8 Jul 2015 | 11:55 AM ET
    Trader on the floor of the New York Stock Exchange.

    CNBC Contributor Dan Nathan explains a flurry of bullish bets on Alcoa ahead of earnings.

  • LONDON, June 22- Global aluminium production growth is on a surge again. No surprise that China is once again driving the global trend, as it has been for many years. But production outside of China is also rising again thanks to a combination of new plants ramping up and idled capacity being restarted.

  • *China alumina prices at 2,350- 2,550 yuan T- industry sources. HONG KONG, June 11- Prices of alumina in China have fallen more than 10 percent since January and are unlikely to recover this year as lower production costs encourage refineries to boost output, industry sources in the country said. Spot alumina traded at about 2,350 yuan to 2,550 yuan a tonne in China...

  • When the country prohibited exports of unprocessed minerals in January 2014, the big loser was expected to be China. At the stroke of a presidential pen China lost its main supplier of both bauxite and nickel ore, seemingly placing at risk its giant nickel pig iron and aluminum sectors. It's a surprising outcome for an industry that was perceived to be operating...

  • When the country prohibited exports of unprocessed minerals in January 2014, the big loser was expected to be China. At the stroke of a presidential pen China lost its main supplier of both bauxite and nickel ore, seemingly placing at risk its giant nickel pig iron and aluminium sectors. It's a surprising outcome for an industry that was perceived to be operating...

  • LONDON, June 8- Aluminum prices fell on Monday after data showed Chinese exports of the metal remained strong, highlighting worries about a supply glut on the global market. Some other metals were firmer after a sharp slide in China's total imports of goods boosted hopes for more stimulus in the world's top metals consumer. "The exports of aluminum and aluminum...

  • *China entering seasonally weak period for copper demand. *China aluminium imports to rise due to attractive prices. LONDON, June 4- Copper fell below $6,000 a tonne to a six-week low on Thursday, hurt by signs of lacklustre demand in China, the world's top user of the metal, and on risk aversion in the wider financial and commodity markets.

  • CHICAGO, June 4- Metals company Alcoa Inc said on Thursday it is supplying aerospace-grade aluminum to Samsung Electronics Co Ltd for its Galaxy S6 and S6 edge models, enabling the smartphone maker to produce more durable and sleeker phones. This latest announcement fits New York- based Alcoa's strategy of moving away from costly traditional smelting and...

  • ALCOA SUPPLYING "AEROSPACE-GRADE ALUMINUM" FOR SAMSUNG GALAXY S6 AND S6 EDGE SMARTPHONES.

  • *China entering seasonally weak period for copper demand. *China aluminum imports to rise due to attractive prices. LONDON, June 4- Copper fell below $6,000 a tonne to a six-week low on Thursday, hurt by signs of lackluster demand in China, the world's top user of the metal, and on risk aversion in the wider financial and commodity markets.