Metals and Mining Aluminum Producers

More

  • MELBOURNE, Dec 10- Shanghai metals climbed on Thursday as the dollar dropped and on hopes that Beijing would step up support measures for its beleagured industrial metals sector after it cut some export tarrifs on steel. *Shanghai Futures Exchange copper rose by 0.8 percent to 35,110 yuan a tonne. *China's top aluminium smelters will meet on Thursday to discuss...

  • LONDON, Dec 9- Aluminium rose on Wednesday as expectation of output cuts in China prompted some investors to reverse bearish bets while lead hit a month peak as inventories hovered at multi-year lows. Capping the gains, however, were persistent concerns about aluminium exports from China, the world's largest producer, which have helped push prices to a 6-1/ 2 year...

  • *China cuts exports on steel billet, steel pig iron from 2016. *China keeps zero duties on some aluminium product exports. MELBOURNE, Dec 9- London copper was little changed on Wednesday amid an onslaught of indicators showing China's economy was still struggling and speculation it could support its industrial metals industry after it flagged export tax cuts on...

  • HONG KONG, Nov 27- China's state stockpiler is considering buying more than 1 million tonnes of aluminum from local smelters as it looks to shore up its embattled metals sector, two Chinese industry sources familiar with the move said on Friday. The State Reserves Bureau did not immediately respond to a request for comment. The purchase of primary aluminum would...

  • Nov 24- Aluminum producer Alcoa Inc said it named Roy Harvey chief executive of its traditional aluminum smelting and refining operations, which would be separated from its faster growing plane and car parts business. Harvey, 41, is currently the president of Alcoa's global primary products business, where he manages the operations of aluminum smelters,...

  • Nov 24- Aluminum producer Alcoa Inc said it named Roy Harvey chief executive of its traditional aluminum smelting and refining operations, which would be separated from its faster growing plane and car parts business. Harvey, 41, was previously the president of Alcoa's global primary products business, where he managed operations of the company's aluminum...

  • NEW YORK, Nov 24- Alcoa Inc will receive almost $70 million in aid over 3-1/ 2 years from New York state to keep the Massena West, New York, aluminum smelter open, under a deal announced on Tuesday. The deal will save around 600 jobs, and New York state may penalize Alcoa if the number of employees at the plant falls below that before March 2019, Cuomo said.

  • The latest round of closures, led by Alcoa, is happening just as the metal's usage in the United States is set to experience another quantum leap forward. That's why Alcoa's announcement this month that it is shuttering three out of four of its remaining smelters in the United States has generated so little lift to the aluminum price. Alcoa's announcement that it...

  • The latest round of closures, led by Alcoa, is happening just as the metal's usage in the United States is set to experience another quantum leap forward. That's why Alcoa's announcement this month that it is shuttering three out of four of its remaining smelters in the United States has generated so little lift to the aluminium price. Alcoa's announcement that...

  • SHANGHAI, Nov 24- China stocks recouped early losses to end marginally higher on Tuesday as a late-afternoon surge in small-caps offset weakness in resource comapnies. Commodity-related stocks including Baoshan Iron and Steel Corp, Aluminum Corp of China and Yunan Copper Co fell after metal prices hit multi-year lows as a strong dollar added to oversupply...

  • *SCMP rise after report Alibaba's Jack Ma plans to buy a stake. Hong Kong shares were also weak, tracking falls in global markets amid renewed concerns over world economic growth. Commodity-related stocks including Baoshan Iron and Steel Corp, Aluminum Corp of China and Yunan Copper Co fell, after metal prices hit multi-year lows as a strong dollar exacerbated...

  • Nov 23- Hedge fund Elliott Management Corp disclosed a 6.4 percent stake in "undervalued" Alcoa Inc on Monday, sending the aluminum producer's shares up as much as 6.3 percent. Elliott, run by activist investor Paul Singer, sees opportunities for Alcoa to improve its profit margins, a source familiar with the matter told Reuters. "Elliott advised of their ownership...

  • NEW YORK, Nov 18- Novelis Inc, the world's largest rolled aluminum producer, opened a new production line in Germany to make parts for the auto industry, the latest push by aluminum fabricators to expand into burgeoning demand from carmakers for the light metal. It said in a statement:. --New 120,000 tonne-per-year automotive aluminum heat treatment line opens on...

  • MOSCOW, Nov 17- Russian aluminum giant Rusal plans to decide in mid-December which aluminum smelters to suspend as a part of its plans to potentially cut up to 200,000 tonnes of production, Chief Executive Vladislav Soloviev told reporters on Tuesday. KUBAL, the sole producer of primary aluminum and the largest industrial facility in Sweden, has annual...

  • Copper wire. The commodity was trading at five-year lows Wednesday.

    If China's old economy doesn't find its footing, metals demand could take another hit, Goldman Sachs said.

  • *Rusal says expects China aluminum semis exports to slow. China copper talks kick off next week in Shanghai. MELBOURNE, Nov 13- London copper slid to its lowest in more than six years on Friday and was heading for its biggest weekly drop since September as deteriorating China demand growth continued to suffocate prices.

  • *Problem relates to U.S. plant in Portland. OSLO, Nov 10- Norwegian aluminum products maker Sapa said on Tuesday that some employees at its plant in Portland, Ore. had falsified test records for two decades and that the U.S. authorities were investigating the company. Sapa, a joint venture between Orkla and Norsk Hydro, two of Norway's biggest industrial firms, said...

  • NEW YORK, Nov 9- Novelis Inc, the world's largest rolled aluminum producer, warned on Monday that plans to shift rolling mill capacity to automotive body sheet are progressing slower than anticipated as carmakers prove slow to follow Ford's lead in widespread use of the metal. Novelis Chief Executive Steve Fisher said the industry is going through a "digestion...

  • Alcoa idles three aluminum smelters

    Commodities giant Alcoa will idle three aluminum smelters as it fights oversupply and sinking metal prices.

  • StanChart's HQ move still a prospect?

    Standard Chartered will continue to review its new headquarter locations, with Singapore a likely choice, says Hugh Young, global head of equities and MD at Aberdeen Asset Management.