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Metals and Mining Aluminum Producers

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  • 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.

  • LONDON, June 3- Aluminum premiums are in meltdown the world over. The London Metal Exchange price of the light metal has followed them lower over recent weeks with the benchmark three-month price now hovering just above one-year lows around the $1,750- per tonne level. The "all-in" price, however, has sunk from December highs of $2,500 per tonne to just $1,900 per...

  • LONDON, June 3- Aluminium premiums are in meltdown the world over. The London Metal Exchange price of the light metal has followed them lower over recent weeks with the benchmark three-month price now hovering just above one-year lows around the $1,750- per tonne level. The "all-in" price, however, has sunk from December highs of $2,500 per tonne to just $1,900 per...

  • NEW YORK, June 2- Noranda Aluminum Holding Corp will have to seek a new power supplier or negotiate a new contract with Ameren Corp in five years to keep its Missouri smelter running, the latest obstacle for its only primary aluminum plant. Energy provider Ameren's Missouri division told Noranda last Thursday it will not extend a power contract for its smelter in...

  • LONDON, June 2- Aluminum premiums have gone into meltdown. In Europe, the premium for duty unpaid aluminum has collapsed from more than $400 per tonne over London Metal Exchange cash at the start of January to less than $100 per tonne last month. In Japan, the opening premium offers for third-quarter shipments are coming in at $130- 160 per tonne, compared with $425 in...

  • *China nickel premiums firm on prospect ShFE lists global brands. *China easing measures seen supporting demand in H2- analyst. LONDON, May 29- Aluminum prices slid on Friday on continued worries about output from China swamping the global market, notching its biggest monthly decline in more than 2-1/ 2 years.

  • ASTANA, May 25- Kazakhstan is seeking loans from China worth around $3 billion to build two new plants to boost copper and aluminium output in the Central Asian nation, Kazakh Deputy Investment and Development Minister Albert Rau told Reuters in an interview. London- listed Kazakh company KAZ Minerals, among the world's major copper producers, announced in...

  • LONDON, May 13- The London Metal Exchange has announced another change in its warehousing rules to force a faster reduction in the load-out queues that have caused so much controversy in the aluminum market. Its new regime of linking load-in to load-out rates, LILO for short, is now in force, albeit after a near one-year delay caused by a failed legal challenge from...

  • DUBAI, May 12- Saudi Arabian Mining Co said a massive smelter run jointly with U.S. group Alcoa, which had experienced few technical glitches on start-up, will produce above its initial capacity target this year. Ma'aden, the Gulf's largest miner, is currently exporting around 70 to 80 percent of the smelter's production, Thomas Walpole, senior vice president,...