Metals and Mining Aluminum Producers

  • TOKYO, July 15- Japanese aluminium products makers such as UACJ Corp and Kobe Steel are boosting output capacity in the United States in a bid to snare market share as automakers turn to the lighter metal to meet stricter environmental rules. UACJ, Japan's biggest rolled-aluminium products maker, began production of sample aluminium sheets for autos last...

  • Ashton Eaton

    Alcoa's stock popped 3 percent after beating earnings estimates by six cents per share for its second quarter.

  • Alcoa's quarterly profit fell less than expected, sending the aluminum producer's shares to a five-month high of $10.67 and helping boost optimism about the earnings season. Strong economic data and low returns on government bonds along with easing political tensions in Britain and Japan have reduced some global uncertainties and boosted investor...

  • CHICAGO, July 11- Alcoa Inc on Monday reported a lower quarterly net profit, with falling aluminum and alumina prices pressuring revenue while plant operations have been scaled back ahead of a spinoff of its traditional smelting business later this year. Alcoa reiterated its forecast for global automotive production growth in 2016 of 1 percent to 4 percent,...

  • CHICAGO, July 11- Metals company Alcoa Inc on Monday reported a lower quarterly net profit, as revenue was hit by falling aluminum and alumina prices and plant operations that have been curtailed, closed or sold off. The New York- based company reported second-quarter net income of $135 million or 9 cents per share, down from $140 million or 10 cents per share a year...

  • CHICAGO, July 11- Metals company Alcoa Inc on Monday reported a lower quarterly net profit, citing a 10 percent decline in revenue due to lower prices for aluminum and alumina and plant operations that have been curtailed, closed or sold off. The New York- based company reported second-quarter net income of $135 million or 9 cents per share, down from $140 million or...

  • CHICAGO, June 29- Metals company Alcoa Inc said on Wednesday it will spin off its traditional aluminum smelting business as part of its planned company split, with up to 19.9 percent of the new company owned by its business that serves aerospace and transportation industries. The company to be spun off will be named Alcoa Corp and the "value-added" business that...

  • CHICAGO, June 29- Metals company Alcoa Inc said on Wednesday it will spin off its traditional aluminum smelting business as part of its planned company split, with up to 19.9 percent of the new company owned by its business that serves aerospace and transportation industries. The company to be spun off will be named Alcoa Corp and the "value-added" business that...

  • *Signs that China gradually increasing aluminium output. LONDON, June 29- Copper and nickel climbed to the highest levels in nearly eight weeks on Wednesday, bolstered by a softer dollar and fading fears about Britain's vote to exit the European Union. Three-month copper on the London Metal Exchange hit a peak of $4,847.50 a tonne, the highest since May 5, building...

  • The company to be spun off will be named Alcoa Corp and the value-added business Arconic Inc, Alcoa said in a regulatory filing. The spinoff comes at a time when aluminum producers have accused China of selling metal into over supplied global markets below market rates. China denies this and says excess capacity is a global issue.

  • *China data on Friday to provide clues to demand. *Aluminum markets frets about smelter restarts in China. Copper prices fell 1.7 percent on Friday due to uncertainty in the aftermath of the British vote to leave the European Union, which may provoke central banks such as the Bank of England to provide monetary stimulus by cutting rates.

  • *China data on Friday to provide clues to demand. *Aluminum markets frets about smelter restarts in China. Copper prices fell 1.7 percent on Friday due to uncertainty in the aftermath of the British vote to leave the European Union, which may provoke central banks such as the Bank of England to provide monetary stimulus by cutting rates.

  • *China data on Friday to provide clues to demand. *Aluminum markets frets about smelter restarts in China. Copper prices fell 1.7 percent on Friday due to uncertainty in the aftermath of the British vote to leave the European Union, which may provoke central banks such as the Bank of England to provide monetary stimulus by cutting rates.

  • DUBAI, June 21- Aluminium Bahrain has approached banks for a $750 million loan towards the financing of its Line 6 expansion project, sources told Reuters on Tuesday. Production from the facility is expected to start in early 2019 and Alba is raising around $3 billion to help finance the scheme, through a mixture of loans from banks and export credit agencies and...

  • *Graphic on China aluminum production vs prices: http://tmsnrt.rs/28IXhIq. LONDON, June 20- " China has committed to ensure that its central government policies and support do not target the net expansion of steel capacity; and to actively and appropriately wind down' zombie enterprises' through a range of efforts, including restructuring and bankruptcy."

  • *Graphic on China aluminium production vs prices: http://tmsnrt.rs/28IXhIq. LONDON, June 20- " China has committed to ensure that its central government policies and support do not target the net expansion of steel capacity; and to actively and appropriately wind down' zombie enterprises' through a range of efforts, including restructuring and bankruptcy."

  • LONDON, June 15- Japanese aluminum buyers are locked in talks with producers over the level of physical premiums to be paid for shipments in the third quarter. The opening salvoes suggest the premium will fall slightly from the second-quarter level of $115- 117 per tonne over London Metal Exchange cash prices. nL4N18Z2L4. Wherever it settles, it will be within the...

  • LONDON, June 15- Japanese aluminum buyers are locked in talks with producers over the level of physical premiums to be paid for shipments in the third quarter. The opening salvoes suggest the premium will fall slightly from the second-quarter level of $115- 117 per tonne over London Metal Exchange cash prices. nL4N18Z2L4. Wherever it settles, it will be within the...

  • *Discrepancy between national and local policy in China. *China demand growth for base metals skewed to downside. News last month that China has agreed to eliminate export subsidies on some materials and metals has raised expectations of a slowdown in the massive flow of semi-fabricated aluminum products into Western markets.

  • China's impact on metal producers

    Eivind Kallevik, CFO of Norsk Hydro, says governments need to level the playing field between European and Chinese metal and steel producers.