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Aluminum Producers

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  • LONDON, Feb 24- Non-Chinese aluminum production was unchanged in January, according to the latest figures from the International Aluminum Institute. A combination of lower London Metal Exchange basis price and softer physical premiums, particularly in Europe, has seen the all-in price slide back to just above $2,100 per tonne from over $2,450 as recently as...

  • *China markets closed until Tuesday. *Asia aluminium premiums set to sag on China exports. LONDON, Feb 20- Copper slipped on Friday, pressured by a drop in the euro against the dollar, with trading volumes constricted by the absence of consumers in China where the market is closed for the Lunar New Year holiday.

  • Noranda posts 4Q profit Wednesday, 18 Feb 2015 | 6:36 AM ET

    FRANKLIN, Tenn. _ Noranda Aluminum Holding Corp. on Wednesday reported fourth-quarter net income of $1.7 million, after reporting a loss in the same period a year earlier. The Franklin, Tennessee- based company said it had profit of 2 cents per share. For the year, the company reported that its loss narrowed to $26.6 million, or 39 cents per share.

  • Kaiser tops Street 4Q forecasts Tuesday, 17 Feb 2015 | 7:12 PM ET

    FOOTHILL RANCH, Calif. _ Kaiser Aluminum Corp. on Tuesday reported fourth-quarter profit of $15.6 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share. Analysts expected $331.4 million, according to Zacks.

  • LAUNCESTON, Australia, Feb 12- Anybody looking at China's vast aluminium sector may be struck by a sense of deja vu, as the issues of last year appear set for a repeat performance in 2015.. China produced about 27.5 million tonnes of aluminium last year, according to consultants AZ China, a figure above the official 24.4 million tonnes, which AZ China says doesn't...

  • Aluminium overtakes copper for No.2 spot at Rio Tinto Thursday, 12 Feb 2015 | 3:03 AM ET

    SYDNEY, Feb 12- Rio Tinto has been struggling for years to recover from the $38 billion purchase that elevated it to the world's biggest aluminium company but also brought it to the verge of bankruptcy. In Rio Tinto's financial results on Thursday, data showed aluminium had surpassed copper as the second biggest contributor to underlying earnings- $1.25...

  • LAUNCESTON, Australia, Feb 12- Anybody looking at China's vast aluminum sector may be struck by a sense of deja vu, as the issues of last year appear set for a repeat performance in 2015.. China produced about 27.5 million tonnes of aluminum last year, according to consultants AZ China, a figure above the official 24.4 million tonnes, which AZ China says doesn't...

  • *Alcoa falls in premarket after JP Morgan downgrade. *Qualcomm near deal with China on antitrust dispute. *Alcoa fell 2.8 percent to $16.10 in premarket after JP Morgan cut its rating on the aluminum company to neutral from overweight.

  • LONDON, Feb 3- The International Aluminum Institute has announced it will no longer publish its monthly producer inventory figures. Its own members, it seems, are either not submitting the data at all or struggling to do so on a timely basis. In truth, the figures have lost a lot of their relevance over the years, a reflection of the way that the global aluminum sector...

  • LONDON, Jan 22- What is the sound of one hand clapping? The one hand clapping is that of the non- China world, where producer discipline has tamed supply sufficiently to drag the market into a state of deficit. The Shanghai aluminium price is accordingly bombed out to the point that at least half of the country's total operating capacity is running at a loss, according...

  • *Copper at 832,618 tonnes, aluminium 2.18 million tonnes. HONG KONG, Jan 22- China's output of refined copper jumped 10.2 percent month-on-month in December, hitting a record for the fifth straight month as smelters rushed to meet targets for the year and plentiful supply of raw materials supported full production. Refined copper output reached 832,618 tonnes,...

  • TREASURIES-U.S. yields rise ahead of 10-year note sale Tuesday, 13 Jan 2015 | 10:41 AM ET

    Treasuries yields rose on Tuesday as investors and Wall Street dealers reduced their debt holdings ahead of a $21 billion auction of 10- year government notes even as oil prices sank to their lowest in nearly six years. Gains on Wall Street, partly due to stronger-than-expected quarterly results from aluminum producer Alcoa, and a growing supply of...

  • *KB Home lifts housing index after earnings. NEW YORK, Jan 13- U.S. stocks rallied on Tuesday to bounce from a two-day decline as financial results from Alcoa helped ease some investor worry regarding the corporate earnings season. Alcoa Inc reported a higher-than-expected quarterly profit due to automotive demand, higher aluminum prices and lower energy...

  • MELBOURNE, Jan 13- Overcapacity in China's beleaguered aluminium market will persist in coming months, weighing on local prices and boosting the appeal of shipping aluminium products overseas, traders and analysts said. "We certainly expect low prices to continue," said Paul Adkins, managing director of Beijing- based consultancy AZ- China.

  • *China copper imports at 420,000 T, flat from November. *China boosts aluminium products exports. MELBOURNE, Jan 13- London copper tumbled below the $6,000- mark on Tuesday to a fresh five-year low, as further falls in oil markets spurred selling by hedge funds in China, despite benign trade data from the top metals user, with more liquidation expected in the near term.

  • Home@ LONDON, Jan 7- A new year it may be but the London Metal Exchange will spend a large part of it grappling with the same old problems afflicting its global warehousing system. Waiting times to remove metal from log-jammed locations will have flexed out again over the course of December, given last month's large cancellations of aluminium at the Dutch port of...

  • LONDON, Dec 18- Britain's Supreme Court has denied Rusal, the world's biggest aluminium producer, the right to appeal against a court ruling that allows sweeping reform of the London Metal Exchange warehousing system, and also ordered it to pay costs. That court also denied Rusal leave to appeal, but the company approached the Supreme Court directly.

  • LONDON, Dec 16- Aluminum prices hit their lowest level in two months on Tuesday, while copper also slid after poor industrial data from China, the world's biggest metals consumer, and a further fall in oil prices. Activity in China's factory sector contracted in December for the first time in seven months, the latest in a string of weak economic indicators.

  • LONDON, Dec 16- Aluminum prices hit their lowest level in two months on Tuesday, while copper also slid after poor industrial data from China, the world's biggest metals consumer, and a further fall in oil prices. Broader market sentiment was soured as Brent oil futures sank towards $59 per barrel for the first time since May 2009, while Russia's central bank raised...

  • UPDATE 1-China refined copper output at record in Nov Monday, 15 Dec 2014 | 11:26 PM ET

    *Copper, aluminium, zinc production at record highs. HONG KONG, Dec 16- China's production of refined copper rose 3.1 percent from the previous month in November, hitting a record for the fourth straight month as high processing fees prompted smelters to produce more metal. A 100,000- tonne-a-year copper smelter in China's northeastern Liaoning province...