Metals and Mining Aluminum Producers

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  • Expect moderate market growth in Europe: Norsk Hydro CFO

    Eivind Kallevik, CFO of Norsk Hydro, discusses growing demand for aluminium and other metals in Europe and China.

  • *Q2 underlying EBIT NOK 1.62 bln vs poll NOK 1.42 bln. OSLO, July 21- Strengthening Chinese demand led Norsk Hydro, one of the world's largest aluminum producers, to raise its forecast for global aluminum demand growth this year to 4-5 percent as it reported forecast-beating earnings on Thursday. But prices have recovered somewhat recently: LME benchmark...

  • *Q2 underlying EBIT NOK 1.62 bln vs poll NOK 1.42 bln. OSLO, July 21- Strengthening Chinese demand led Norsk Hydro, one of the world's largest aluminium producers, to raise its forecast for global aluminium demand growth this year to 4-5 percent as it reported forecast-beating earnings on Thursday. But prices have recovered somewhat recently: LME benchmark...

  • LONDON, July 21- European shares were steady on Thursday, propped up by gains at consumer goods group Unilever and aluminum producer Norsk Hydro, although airline stocks slumped. The pan-European STOXX 600 index and the similar FTSEurofirst 300 were both flat, with many investors focusing on the European Central Bank's meeting later in the day, at which the ECB...

  • FOOTHILL RANCH, Calif. _ Kaiser Aluminum Corp. on Wednesday reported second-quarter profit of $26 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.41 per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • MOSCOW, July 18- A firm owned by Russian businessman Said Kerimov has offered to buy Onexim Group's 17.02 percent stake in aluminum giant Rusal, Interfax news agency reported on Monday, citing a source familiar with the situation:. *Interfax reports that a firm owned by Said Kerimov, son of Russian senator and businessman Suleiman Kerimov, has offered to buy out the...

  • TOKYO, July 15- Japanese aluminium products makers such as UACJ Corp and Kobe Steel are boosting output capacity in the United States in a bid to snare market share as automakers turn to the lighter metal to meet stricter environmental rules. UACJ, Japan's biggest rolled-aluminium products maker, began production of sample aluminium sheets for autos last...

  • TOKYO, July 15- Japanese aluminum products makers such as UACJ Corp and Kobe Steel are boosting output capacity in the United States in a bid to snare market share as automakers turn to the lighter metal to meet stricter environmental rules. UACJ, Japan's biggest rolled-aluminum products maker, began production of sample aluminum sheets for autos last month at...

  • Ashton Eaton

    Alcoa's stock popped 3 percent after beating earnings estimates by six cents per share for its second quarter.

  • Alcoa's quarterly profit fell less than expected, sending the aluminum producer's shares to a five-month high of $10.67 and helping boost optimism about the earnings season. Strong economic data and low returns on government bonds along with easing political tensions in Britain and Japan have reduced some global uncertainties and boosted investor...

  • CHICAGO, July 11- Alcoa Inc on Monday reported a lower quarterly net profit, with falling aluminum and alumina prices pressuring revenue while plant operations have been scaled back ahead of a spinoff of its traditional smelting business later this year. Alcoa reiterated its forecast for global automotive production growth in 2016 of 1 percent to 4 percent,...

  • CHICAGO, July 11- Metals company Alcoa Inc on Monday reported a lower quarterly net profit, as revenue was hit by falling aluminum and alumina prices and plant operations that have been curtailed, closed or sold off. The New York- based company reported second-quarter net income of $135 million or 9 cents per share, down from $140 million or 10 cents per share a year...

  • CHICAGO, July 11- Metals company Alcoa Inc on Monday reported a lower quarterly net profit, citing a 10 percent decline in revenue due to lower prices for aluminum and alumina and plant operations that have been curtailed, closed or sold off. The New York- based company reported second-quarter net income of $135 million or 9 cents per share, down from $140 million or...

  • CHICAGO, June 29- Metals company Alcoa Inc said on Wednesday it will spin off its traditional aluminum smelting business as part of its planned company split, with up to 19.9 percent of the new company owned by its business that serves aerospace and transportation industries. The company to be spun off will be named Alcoa Corp and the "value-added" business that...

  • CHICAGO, June 29- Metals company Alcoa Inc said on Wednesday it will spin off its traditional aluminum smelting business as part of its planned company split, with up to 19.9 percent of the new company owned by its business that serves aerospace and transportation industries. The company to be spun off will be named Alcoa Corp and the "value-added" business that...

  • *Signs that China gradually increasing aluminium output. LONDON, June 29- Copper and nickel climbed to the highest levels in nearly eight weeks on Wednesday, bolstered by a softer dollar and fading fears about Britain's vote to exit the European Union. Three-month copper on the London Metal Exchange hit a peak of $4,847.50 a tonne, the highest since May 5, building...

  • The company to be spun off will be named Alcoa Corp and the value-added business Arconic Inc, Alcoa said in a regulatory filing. The spinoff comes at a time when aluminum producers have accused China of selling metal into over supplied global markets below market rates. China denies this and says excess capacity is a global issue.

  • *China data on Friday to provide clues to demand. *Aluminum markets frets about smelter restarts in China. Copper prices fell 1.7 percent on Friday due to uncertainty in the aftermath of the British vote to leave the European Union, which may provoke central banks such as the Bank of England to provide monetary stimulus by cutting rates.

  • *China data on Friday to provide clues to demand. *Aluminum markets frets about smelter restarts in China. Copper prices fell 1.7 percent on Friday due to uncertainty in the aftermath of the British vote to leave the European Union, which may provoke central banks such as the Bank of England to provide monetary stimulus by cutting rates.

  • *China data on Friday to provide clues to demand. *Aluminum markets frets about smelter restarts in China. Copper prices fell 1.7 percent on Friday due to uncertainty in the aftermath of the British vote to leave the European Union, which may provoke central banks such as the Bank of England to provide monetary stimulus by cutting rates.