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Metals and Mining Aluminum Producers

  • *China takes steps to cool housing market. LONDON, Oct 20- Aluminium slid to its lowest in nearly a month on Thursday on worries about oversupply after a rise in output from top producer China and heavy flows into LME warehouses in Asia. "That data from China... is fuelling some new fears about oversupply in China," said Gianclaudio Torlizzi, partner at consultancy...

  • *China takes steps to cool housing market. LONDON, Oct 20- Aluminum slid to its lowest in nearly a month on Thursday on worries about oversupply after a rise in output from top producer China and heavy flows into LME warehouses in Asia. "That data from China... is fueling some new fears about oversupply in China," said Gianclaudio Torlizzi, partner at consultancy...

  • *China copper premiums at $65- $70 vs $60 last week- Triland. LONDON, Oct 20- Aluminium slid to its lowest in nearly a month on Thursday on worries about oversupply after a rise in output from top producer China and heavy flows into LME warehouses in Asia. "That data from China is the highest level in 15 months, which is fuelling some new fears about oversupply in China,"...

  • KIEV, Oct 18- Ukraine imposed sanctions on Russian aluminum giant Rusal on Tuesday, accusing the company of actions that threaten Ukrainian national security and assets, according to a presidential decree. Kiev has already placed economic and other restrictions on more than 300 Russian citizens and companies following Russia's annexation of its Crimea...

  • *Nanshan Aluminium, Hongqaio Group seen as possible acquirers. MELBOURNE, Oct 17- China's giant aluminium makers are pushing into the global automotive and aerospace markets, with industry sources expecting their presence to heat up competition and possibly spark a buying spree for Western metals companies. Zhongwang USA LLC, backed by Chinese aluminium...

  • *Nanshan Aluminium, Hongqaio Group seen as possible acquirers. MELBOURNE, Oct 17- China's giant aluminum makers are pushing into the global automotive and aerospace markets, with industry sources expecting their presence to heat up competition and possibly spark a buying spree for Western metals companies. Zhongwang USA LLC, backed by Chinese aluminum...

  • Benchmark aluminum on the London Metal was down 1.4 percent at $1,652 a tonne at 0920 GMT from an earlier $1,647, its lowest since Sept 28. China accounts for more than half of global aluminum production estimated this year at around 58 million tonnes. "Production of primary aluminum is coming back in China.

  • *Nanshan Aluminium, Hongqaio Group seen as possible acquirers. MELBOURNE, Oct 17- China's giant aluminum makers are pushing into the global automotive and aerospace markets, with industry sources expecting their presence to heat up competition and possibly spark a buying spree for Western metals companies. Zhongwang USA LLC, backed by Chinese aluminum...

  • *Nanshan Aluminium, Hongqaio Group seen as possible acquirers. MELBOURNE, Oct 17- China's giant aluminium makers are pushing into the global automotive and aerospace markets, with industry sources expecting their presence to heat up competition and possibly spark a buying spree for Western metals companies. Zhongwang USA LLC, backed by Chinese aluminium...

  • NEW YORK, Oct 11- Slumping crude prices and a dour start to Wall Street's corporate earnings season pulled down U.S. and European equities on Tuesday, while the dollar hit an eight-month high on increasing bets U.S. interest rates will rise in December. Wall Street fell more than 1 percent as shares of aluminum producer Alcoa and diagnostics test maker Illumina...

  • NEW YORK, Oct 11- Slumping crude prices and a dour start to Wall Street's corporate earnings season pulled down U.S. and European equities on Tuesday, while the dollar hit an eight-month high on increasing bets U.S. interest rates will rise in December. Wall Street fell more than 1 percent after shares of aluminum producer Alcoa and diagnostics test maker...

  • Three things to watch beyond Alcoa's quarter

    CNBC's Landon Dowdy takes a look into Alcoa's split on November 1st into two publicly-traded companies, aluminum prices and a supply glut in China.

  • Indonesia reconsiders nickel ore export ban. LONDON, Oct 7- Aluminum hit a seven-week high and copper also rose on Friday after the dollar slipped on data showing U.S. employers took on fewer workers than expected in September, indicating the Federal Reserve could be more cautious about raising interest rates. "The dollar edged lower after the payrolls and...

  • LONDON, Oct 7- It was almost exactly six years ago that Deutsche Bank cancelled 100,000 tonnes of aluminium sitting in London Metal Exchange warehouses in Detroit. And now a U.S. judge has dismissed the last remaining legal action against Goldman Sachs, Glencore and JPMorgan and their respective Metro, Pacorini and Henry Bath warehousing companies.

  • LONDON, Oct 7- It was almost exactly six years ago that Deutsche Bank canceled 100,000 tonnes of aluminum sitting in London Metal Exchange warehouses in Detroit. And now a U.S. judge has dismissed the last remaining legal action against Goldman Sachs, Glencore and JPMorgan and their respective Metro, Pacorini and Henry Bath warehousing companies.

  • LONDON, Oct 6- Japanese aluminum buyers will pay a premium of $75 per tonne over the London Metal Exchange cash price for their shipments in the fourth quarter of this year. The settlement with producers, which will serve as the benchmark for Asian physical aluminum markets, marks a near 20- percent decline from the previous quarterly premium of $90- 93 per tonne...

  • LONDON, Oct 6- Japanese aluminum buyers will pay a premium of $75 per tonne over the London Metal Exchange cash price for their shipments in the fourth quarter of this year. The settlement with producers, which will serve as the benchmark for Asian physical aluminum markets, marks a near 20- percent decline from the previous quarterly premium of $90- 93 per tonne...

  • NEW YORK, Oct 5- A federal judge on Wednesday dismissed nationwide litigation by aluminum purchasers who accused banks and commodity companies of conspiring to drive up prices for the metal by reducing supply, forcing them to overpay. District Judge Katherine Forrest in Manhattan halts, for now, three years of litigation against Goldman Sachs Group Inc,...

  • A worker walks among rolls of semi-finished aluminum at an Alcoa aluminum factory.

    Alcoa said its split into two publicly traded companies is expected to be effective Nov. 1, after the company's board approved the separation.

  • WASHINGTON, Sept 29- A Chinese industry group making a rare appearance at a U.S. government hearing sought on Thursday to counter arguments that excess aluminum capacity in China threatened American and global producers and processors of the metal. Appearing at the end of a day of submissions at the U.S. International Trade Commission, the officials argued...