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Metals and Mining Aluminum Producers

  • MOSCOW, Feb 27- Russia is proposing the creation of an OPEC- like organization for the global aluminum industry, TASS news agency quoted Russian Industry and Trade Minister Denis Manturov as saying on Monday. OPEC, the Organization of the Petroleum Exporting Countries, unites some of the world's largest oil producers. Its members, together with non- OPEC oil...

  • MOSCOW, Feb 27- Russia is proposing the creation of an OPEC- like organisation for the global aluminium industry, TASS news agency quoted Russian Industry and Trade Minister Denis Manturov as saying on Monday. OPEC, the Organization of the Petroleum Exporting Countries, unites some of the world's largest oil producers. Its members, together with non- OPEC oil...

  • Feb 23 (Reuters)- Hedge fund Elliott Management Corp said on Thursday it had raised its stake in specialty metals maker Arconic Inc to about 13 percent and stepped up pressure for the ouster of Chief Executive Klaus Kleinfeld. Kleinfeld had engineered aluminum producer Alcoa Corp's spin off from parent company Alcoa Inc, which has been renamed as Arconic, last...

  • CHICAGO _ Century Aluminum Co. on Thursday reported a loss of $168.5 million in its fourth quarter. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share. Three analysts surveyed by Zacks expected $345.8 million.

  • Once again this was a record forged in China. While primary metal production in the rest of the world fell by 182,500 tonnes on an annualized basis over the course of December and January, it surged in China. The irony is that part of the reason for strong pricing is the threat of capacity curtailments in China on environmental grounds.

  • Once again this was a record forged in China. While primary metal production in the rest of the world fell by 182,500 tonnes on an annualised basis over the course of December and January, it surged in China. The irony is that part of the reason for strong pricing is the threat of capacity curtailments in China on environmental grounds.

  • FOOTHILL RANCH, Calif. _ Kaiser Aluminum Corp. on Tuesday reported fourth-quarter profit of $24.5 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share. Four analysts surveyed by Zacks expected $329.9 million.

  • Once again this was a record forged in China. While primary metal production in the rest of the world fell by 182,500 tonnes on an annualized basis over the course of December and January, it surged in China. The irony is that part of the reason for strong pricing is the threat of capacity curtailments in China on environmental grounds.

  • Once again this was a record forged in China. While primary metal production in the rest of the world fell by 182,500 tonnes on an annualised basis over the course of December and January, it surged in China. The irony is that part of the reason for strong pricing is the threat of capacity curtailments in China on environmental grounds.

  • *Japan is Asia's top aluminum importer. Japan is Asia's biggest aluminum importer and the premiums for primary metal shipments that it agrees to pay each quarter over the London Metal Exchange cash price set the benchmark for the region. "A producer sent us an email last Friday with an indicative price of $125, citing higher overseas premiums and lower...

  • BEIJING— Police and protesters opposed to the construction of a massive aluminum plant clashed in a northern Chinese city Thursday despite the local government's announcement that it was suspending the project. Thursday's protest over the plant planned by aluminum producer Zhongwang Holdings Ltd. took place despite a city government pledge Wednesday...

  • Feb 15- Arconic Inc, which is under pressure from hedge fund Elliott Management, said it sold nearly two-thirds of its 19.9 percent stake in Alcoa Corp for about $890 million. Alcoa Inc spun off Alcoa Corp, which houses the company's traditional aluminum smelting and refining businesses, in November and renamed itself as Arconic. The stake sale comes at a time when...

  • *Protest in north China over building of aluminium plant. LONDON, Feb 14- Copper slipped into the red on Tuesday on hopes strike talks would restart at the world's biggest copper mine in Chile while aluminium touched its highest in 21 months on renewed concerns about potential closures of Chinese smelters to cut pollution. Benchmark copper on the London Metal...

  • *Protest in north China over building of aluminum plant. LONDON, Feb 14- Copper slipped into the red on Tuesday on hopes strike talks would restart at the world's biggest copper mine in Chile while aluminum touched its highest in 21 months on renewed concerns about potential closures of Chinese smelters to cut pollution. Benchmark copper on the London Metal...

  • *Protest in north China over building of aluminium plant. Benchmark aluminium on the London Metal Exchange climbed 1.8 percent to $1,905 a tonne by 1130 GMT, the highest since May 13, 2015. "It doesn't appear as though production cuts have been implemented, although if the proposed measures are applied this should impact a significant proportion of current...

  • There was always an element of wishful thinking in Kleinfeld's parallel vision, ignoring as it did the flow of semi-manufactured aluminium products out of China. The physical export flow of "semis" has steadily increased with over four million tonnes leaving China in both 2015 and 2016.. And, equally significantly, the two main trading venues of London and...

  • *Rusal considers London listing- sources. MOSCOW, Feb 9- Onexim Group, which manages the assets of Russian tycoon Mikhail Prokhorov, is considering selling some of its 17 percent stake in Russian aluminium giant Rusal, two banking sources and two industry sources told Reuters on Thursday. Reports of a possible share sale came on the same day two sources close to...

  • *China imports 380,000 T of copper in Jan. *China exports 390,000 T of aluminium products in Jan. China reported better-than-expected trade data for January as demand picked up both at home and abroad, an encouraging start to 2017 for the world's largest trading nation.

  • SYDNEY, Feb 10- Pacific Management Investment Co, one of the world's largest bond funds, believes corn prices will outperform soybeans and is cautious about aluminum markets. The California- based fund management group, which manages $1.5 trillion of assets, or more than the annual output of the Australian economy, uses commodities to protect against inflation.

  • SYDNEY, Feb 10- Pacific Management Investment Co, one of the world's largest bond funds, believes corn prices will outperform soybeans and is cautious about aluminum markets. The California- based fund management group, which manages $1.5 trillion of assets, or more than the annual output of the Australian economy, uses commodities to protect against inflation.