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Metals and Mining Aluminum Producers

  • 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 the 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...

  • 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...

  • The aluminum producer had said it would change its name to Arconic Inc and focus on engineering products for aerospace and automotive businesses, and spin off its smelting and refining divisions into a new company, Alcoa Corp.. If the reverse stock split is approved, shareholders will receive one share of Alcoa Corp common stock for every three shares of Alcoa...

  • MOSCOW, Sept 16- Russian aluminum giant Rusal expects aluminum prices to stabilize within a $1,600- 1,700 per tonne range next year if China does not increase production, global stocks keep falling and demand grows. "The aluminum market has in fact found its stabilization point this year for the first time in five years," Rusal Deputy Chief Executive Oleg...

  • MOSCOW, Sept 16- Russian aluminium giant Rusal expects aluminium prices to stabilise within a $1,600- 1,700 per tonne range next year if China does not increase production, global stocks keep falling and demand grows. "The aluminium market has in fact found its stabilisation point this year for the first time in five years," Rusal Deputy Chief Executive Oleg...

  • SHANGHAI, Sept 14- A Chinese industry group has denied that the country's aluminum producers could be involved in exporting extrusion products via Mexico to circumvent U.S. duties, in the latest sign of bubbling trade tensions between the two nations. A report by the Wall Street Journal last week cited U.S aluminum executives contending that some $2 billion...

  • SHANGHAI, Sept 14- A Chinese industry group has denied that the country's aluminium producers could be involved in exporting extrusion products via Mexico to circumvent U.S. duties, in the latest sign of bubbling trade tensions between the two nations. A report by the Wall Street Journal last week cited U.S aluminium executives contending that some $2 billion...

  • *Malaysia extends moratorium to Dec. 31, fom Sept. 14. KUALA LUMPUR, Sept 7- Malaysia extended a moratorium on bauxite mining to the end of the year, from Sept. 14, and said the government could stretch the ban by another six months if the current high stockpiles of the aluminum-making commodity were not cleared by Dec. 31. Malaysia's largely unregulated bauxite mining...

  • Aluminum hits 3-month low

    The Futures Now team discusses why aluminum prices are falling, and where the commodity may head next.

  • *Japan buyers looking to purchase more aluminium in spot markets. TOKYO, Sept 6- Japanese aluminium buyers are looking to crimp the amount of the metal they purchase via annual contracts, instead turning to spot markets where premiums have in recent months dropped to their lowest in over seven years amid a persistent supply glut. Most aluminium buying by Asia's...

  • *Japan buyers looking to purchase more aluminum in spot markets. TOKYO, Sept 6- Japanese aluminum buyers are looking to crimp the amount of the metal they purchase via annual contracts, instead turning to spot markets where premiums have in recent months dropped to their lowest in over seven years amid a persistent supply glut. Most aluminum buying by Asia's...

  • MELBOURNE, Aug 30- London copper rose on Tuesday as risk appetite grew on bets of further easing by the world's central banks after a meeting in Jackson Hole, Wyoming at the weekend, and as London markets reopened after a long holiday break. *Shanghai Futures Exchange copper traded up 0.1 percent at 36,410 yuan a tonne. *Zhongwang USA LLC, backed by Chinese aluminum...

  • NEW YORK, Aug 29- Zhongwang USA LLC, backed by Chinese aluminum magnate Liu Zhongtian, said on Monday it would buy U.S. aluminum company Aleris Corp in a bet by the billionaire that the nascent U.S. automotive aluminum sector will be the industry's next big growth market. The $2.33 billion deal comes as Liu and Zhongwang International Group Ltd, the parent of...