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Metals and Mining Aluminum Producers

  • One of the sources close to the discussions said Hong Kong- listed Rusal, which competes with China's Hongqiao to rank as the world's biggest aluminium producer, could offer up to 20 percent of its shares in London. Rusal is 48.1 percent owned by Russian tycoon Oleg Deripaska's En+ Group, with another 17 percent belonging to Mikhail Prokhorov's Onexim group and...

  • NEW YORK, Feb 1- Arconic Inc Chief Executive Officer Klaus Kleinfeld, under pressure from hedge fund Elliott Management, on Wednesday defended the metal maker's performance since spinning off from aluminum producer Alcoa Corp. Arconic's stock soared to $25 on Wednesday, as investors bet that Elliott's pressure will drive the stock even higher.

  • Jan 30- Some of Arconic Inc's biggest shareholders are pressing the company to remove Chief Executive Klaus Kleinfeld, the Wall Street Journal reported on Monday, citing people familiar with the matter. The push comes less than three months after Alcoa Inc split into two entities, Alcoa Corp- the legacy raw aluminum maker- and Arconic, its metal parts business.

  • Jan 30- Some of Arconic Inc's biggest shareholders are pressing the company to remove Chief Executive Klaus Kleinfeld, the Wall Street Journal reported on Monday, citing people familiar with the matter. The push comes less than three months after Alcoa Inc split into two entities, Alcoa Corp.-- the legacy raw aluminum maker-- and Arconic, its metal parts business.

  • *Copper seen averaging $5,350 in 2017, down 8 percent. Speculators piled in, optimistic about growth in top metals consumer China as well as the United States following Donald Trump's presidential election victory. But the median forecast of 31 analysts for the average 2017 price of cash copper was $5,350 a tonne, down 8 percent from Thursday's close of $5,838.

  • LONDON, Jan 26- China produced 31.6 million tonnes of aluminum last year. China's increasing dominance of the global supply chain has fueled resentment among other producing nations. The U.S., which has experienced a sharp contraction in aluminum smelting capacity over the last decade, has launched a formal complaint with the World Trade Organization...

  • LONDON, Jan 26- China produced 31.6 million tonnes of aluminum last year. China's increasing dominance of the global supply chain has fueled resentment among other producing nations. The U.S., which has experienced a sharp contraction in aluminum smelting capacity over the last decade, has launched a formal complaint with the World Trade Organization...

  • *Talk of China aluminium capacity cuts supports prices. LONDON, Jan 25- Copper prices hit two-month highs on Wednesday as worries about supplies from Chile due to the possibility of a strike, BHP Billiton cutting its forecast for copper output and a weaker dollar triggered renewed buying. Unionised workers at BHP Billiton-run Escondida in Chile, the world's...

  • *Talk of China aluminum capacity cuts supports prices. LONDON, Jan 25- Copper prices hit two-month highs on Wednesday as worries about supplies from Chile due to the possibility of a strike and a weaker dollar triggered renewed buying. Benchmark copper on the London Metal Exchange was down 0.3 percent at $5,924 a tonne at 1049 GMT from an earlier high at $5,973.

  • MANILA, Jan 25- London aluminum futures edged higher on Wednesday to trade close to a 20- month high on Wednesday, buoyed by reports of possible capacity cuts in China, while copper rose to its strongest level in almost two months. Traders cited a Bloomberg story saying that China is drawing up plans that would halt about 3.3 million tonnes of operational aluminum...

  • SHANGHAI, Jan 25- China stocks rose for the fourth straight day on Wednesday, although optimism over improving corporate earnings was offset by a surprise increase in rates on medium-term loans. Xiao Shijun, analyst at Guodu Securities in Beijing, said that the market was closely monitoring U.S. Shares of Aluminium Corp of China Ltd, the nation's top aluminium...

  • MANILA, Jan 25- London aluminum futures held close to 20- month highs early in Asia on Wednesday, buoyed by reports of possible capacity cuts in China, while copper steadied near its highest in almost two months. *Traders cited a Bloomberg story saying that China is drawing up plans that would halt about 3.3 million tonnes of operational aluminum capacity during...

  • But there is also the risk of a trade war with China after the outgoing Obama administration launched a new complaint earlier this month against Chinese aluminum subsidies at the World Trade Organization. Alcoa said it expects a 6 percent increase in demand from China, driven by packaging, electrical, transportation sectors. Alcoa said it expects bauxite and...

  • The stock had risen 42 percent since Donald Trump's victory in the Nov. 8 U.S. presidential election. Alcoa generated $2.54 billion in revenue in the quarter, beating the average analyst estimate of $2.46 billion, according to Thomson Reuters I/B/E/S. The New York- based company reported net loss of $125 million, or 68 cents per share, for the fourth quarter ended...

  • LONDON, Jan 24- Aluminium climbed to a 20- month peak on Tuesday after reports of potential capacity cuts in China while zinc touched a five-week high as funds remained bullish on the sector. Three-month aluminium on the London Metal Exchange was up 1.1 percent at $1,870 a tonne by 1130 GMT, having touched $1,883, the highest level since May 2015.

  • LONDON, Jan 16- The gloves have just come off in the simmering dispute between the United States and China about that country's rising exports of aluminum. The United States last week launched a formal complaint at the World Trade Organization, taking aim at China's "subsidies to certain producers of primary aluminum." Such subsidies, the United States claims,...

  • LONDON, Jan 16- The gloves have just come off in the simmering dispute between the United States and China about that country's rising exports of aluminium. The United States last week launched a formal complaint at the World Trade Organization, taking aim at China's "subsidies to certain producers of primary aluminum". Such subsidies, the United States claims,...

  • SYDNEY, Jan 16- Plans to provide government support to keep open a 30- year-old aluminum smelter in Australia owned by Alcoa have made "progress," parties involved in talks said on Monday without giving details. "Significant progress has been made over the weekend, with great demonstrations of good faith from all parties working to find a solution for the future of...

  • SYDNEY, Jan 16- Plans to provide government support to keep open a 30- year-old aluminium smelter in Australia owned by Alcoa have made "progress", parties involved in talks said on Monday without giving details. "Significant progress has been made over the weekend, with great demonstrations of good faith from all parties working to find a solution for the future...

  • The complaint, which seeks consultations with Beijing on the matter, is likely to add to rising trade tension between the world's two largest economies as President-elect Donald Trump prepares to take office next week with pledges to reduce U.S. trade deficits with China as a top priority. Trade Representative's office said the complaint says China's...