LONDON, Feb 11- "The aluminum market continues to, in our view, face the greatest bearish fundamental shock in a generation, and perhaps, in its history." The Wall Street heavyweight is now projecting aluminum will trade at $1,350 per tonne on a 12- month horizon, down from its previous estimate of $1,550. On the London Metal Exchange three-month metal is today trading...» Read More
Alcoa reported earnings of 18 cents a share, excluding certain items, on revenue of $5.84 billion.
With this acquisition we are adding 20 percent to our aerospace business, says Klaus Kleinfeld, Alcoa chairman & CEO, discussing his company's rapid expansion into the aerospace space.
It's still a bull market says Dennis Gartman, "The Gartman Letter" editor, sharing his thoughts on Tuesday's triple-digit drop in the Dow. I think it's time to be neutral again, says Gartman.
Eivind Kallevik, CFO at Norsk Hydro, says the aluminium sector is in a good position at the moment as demand for the metal outpaces production.
Alcoa Chairman and CEO Klaus Kleinfeld, discusses his company's growth forecasts, as well as the outlook for aerospace.
Alcoa Chairman and CEO Klaus Kleinfeld provides insight into his company's Q1 earnings beat, and whether demand for aluminum is growing.
Alcoa reported quarterly earnings that beat analysts' expectations on Tuesday, but revenue narrowly missed estimates.
Alcoa reported quarterly revenue that beat analysts' expectations on Thursday, but earnings came up short.
Alcoa CEO Klaus Kleinfeld discusses Q4 earnings data just after his company reached a settlement over its bribery scandal. He discusses his continued investments in the automotive and aerospace industries.
Klaus Kleinfeld discusses the company's earnings and revenue, as well as the charges for settling its Mideast bribery scandal. "We're putting it behind us," he says.
Alcoa is paying $384 million to settle a bribery scandal in the Middle East. Jeff Kilburg, KKM Financial founder & CEO, and John Spallanzani GFI Group director, debate the play on Alcoa. Kilburg says there is too much inventory in the aluminum space for the stock to gain.
Live at the 2013 APEC summit, Oleg Deripaska, CEO at the world's largest aluminum firm UC Rusal told CNBC's Martin Soong that he expects aluminum's downstream growth rate to continue at 9%.
The big bank is getting hit with a class-action lawsuit over its aluminum storage methods, reports CNBC's Kate Kelly.
Goldman Sachs is disputing a report that a Goldman controlled warehouse in Detroit is behind a rise in aluminum prices, with CNBC's Mary Thompson.
Goldman Sachs is inflating the cost of aluminum cans and CNBC's Mary Thompson reports how they're doing it.
Eivind Kallevik, CFO of aluminum producer, Norsk Hydro, tells CNBC they are seeing an improvement driven by higher prices on their primary products and good seasonal upswing in sales volumes.
Vladislav Soloviev, deputy CEO of Rusal, says China should do more to help the aluminum industry combat oversupply.
Alcoa kicked off earnings season with a beat on earnings but slight miss on revenue. Shares slipped after-hours.
CNBC's Adam Bakhtiar looks at shares of Hong-Kong listed Rusal for the daily 'Stock in 60' segment after the world's largest aluminum producer reported a 63% fall in 2012 EBITDA.
Rio Tinto's Sam Walsh faces his first difficult decision as chief executive -- whether to shut the 1,400-staff Gove alumina refinery in Australia -- as under-performing units come under tougher scrutiny following $14 billion in writedowns this month.