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Aluminum Producers

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  • *Alcoa to shut Sardinian ops, cut aluminum capacity by 150,000 T. LONDON, Aug 26- Aluminum touched a 18- month peak on Tuesday, boosted by a big long position and a shortage of available stocks, with metals markets also supported by hopes the European Central Bank would implement stimulus measures.

  • NEW YORK, Aug 26- A U.S. judge has dismissed London Metal Exchange Ltd as a defendant from nationwide antitrust litigation over the alleged fixing of aluminum prices. District Judge Katherine Forrest in Manhattan said the LME was an "organ" of the UK government and immune from the lawsuit under the Foreign Sovereign Immunities Act.

  • Judge dismisses LME from aluminum price-fixing lawsuits Tuesday, 26 Aug 2014 | 10:12 AM ET

    NEW YORK, Aug 26- A U.S. judge has dismissed London Metal Exchange Ltd as a defendant from nationwide antitrust litigation over the alleged fixing of aluminum prices. District Judge Katherine Forrest in Manhattan said the LME was an "organ" of the UK government and immune from the lawsuit under the Foreign Sovereign Immunities Act.

  • Aug 25- Aluminum producer Alcoa Inc said on Monday it will permanently close its Portovesme smelter on the Italian island of Sardinia. The closure of the plant, which has not operated since November 2012, will reduce Alcoa's global smelting capacity by 150,000 metric tons to 3.6 million metric tons per year.

  • UPDATE 1-Alcoa to close smelter in Italy Monday, 25 Aug 2014 | 9:29 AM ET

    Aug 25- Aluminum producer Alcoa Inc said on Monday it would permanently close its Portovesme smelter on the Italian island of Sardinia. The closure of the plant, which has not operated since November 2012, will reduce Alcoa's global smelting capacity by 150,000 metric tons to 3.6 million metric tons per year.

  • Alcoa to close smelter in Italy Monday, 25 Aug 2014 | 8:59 AM ET

    Aug 25- Aluminum producer Alcoa said it would permanently close its Portovesme smelter on the Italian island of Sardinia. The closure of the plant, which has not operated since November 2012, will reduce Alcoa's global smelting capacity by 150,000 metric tons to 3.6 million metric tons per year.

  • LONDON, Aug 21- Copper, aluminum and other base metals fell on Thursday after downbeat data on business activity in China and Europe, but investors were cautious about selling just a day after some were forced to bail out of short positions.

  • COLUMN-Testing the aluminum stock financiers: Andy Home Tuesday, 19 Aug 2014 | 10:35 AM ET

    LONDON, Aug 19- The enigma machine that is the London aluminum market has shifted gears again. The front part of the London Metal Exchange curve has been tightening for several weeks now to the point that the shortest-dated spreads are currently in backwardation.

  • *Shares up 2 pct, outperform UK mining sector. MELBOURNE/ LONDON, Aug 15- Diversified mining company BHP Billiton declared its preference for a demerger of its aluminium, manganese and nickel assets on Friday, setting the stage for the formation of a separate business that could be worth at least $12 billion.

  • MELBOURNE, Aug 15- BHP Billiton declared its preference for a demerger of its unwanted aluminum, manganese and nickel assets on Friday, setting the stage for the formation of a separate company that one report said could be worth $14 billion.

  • NEW YORK, Aug 5- Glencore Plc, one of the world's largest mining companies, has asked a U.S. judge to dismiss it as a defendant from nationwide antitrust litigation over the alleged manipulation of aluminum prices.

  • NEW YORK, Aug 5- Glencore Plc, one of the world's largest mining companies, has asked a U.S. judge to dismiss it as a defendant from nationwide antitrust litigation over the alleged manipulation of aluminum prices.

  • Glencore seeks to exit U.S. aluminum price-fixing case Tuesday, 5 Aug 2014 | 10:17 AM ET

    In a Monday night filing with the U.S. District Court in Manhattan, Glencore said it lacks minimal contacts with New York, Michigan and California, where the alleged violations took place, and does not even conduct any business in those states.

  • LONDON, July 31- The aluminum market outside China is set to record its first deficit in nine years in 2015 following production cuts and an Indonesian ore export ban, a turning point that could be the start of a prolonged shortfall as demand recovers.

  • July 24- Investment bank and asset manager Lazard Ltd reported a better-than-expected quarterly profit, as merger and acquisition advisory and asset management fees rose amid an increase in corporate deals. In one of its big deals in the second quarter, Lazard advised jet engine parts maker Firth Rixson on the $2.85 billion sale to aluminum group Alcoa Inc..

  • LONDON/ SYDNEY, July 23- Zinc held near a three-year peak on Wednesday with supply set to tighten while aluminum dipped from multi-month highs but could turn higher again as inventories fall and demand rises. But fundamentally there are questions, "said analyst Dominic Schnider of UBS Wealth Management in Singapore.

  • SYDNEY, July 23- London zinc and aluminum were poised near recent 3- year and 17- month peaks respectively on Wednesday on renewed interest from investors, but given a seasonal slowdown in demand, traders wondered just how much further prices could run.

  • SYDNEY, July 23- London zinc and aluminium were poised near recent 3 year and 17- month peaks respectively on Wednesday on renewed interest from investors, but given a seasonal slowdown in demand, traders wondered just how much further prices could run.

  • Gartman: If you buy anything, buy this Tuesday, 22 Jul 2014 | 3:26 PM ET

    Forget stocks, forget gold, because there is one commodity Dennis Gartman says every investor needs to own: aluminum.

  • But the price gain in the second quarter resulted in capacity that was either idled, or about to be shut, remaining in operation, according to a July 17 report from Beijing- based consultants AZ China. This is despite some 80 percent of Chinese smelters, representing some 20 million tonnes of annual capacity, operating at a theoretical loss, AZ China said.