GO
Loading...

Aluminum Producers

More

  • *Premiums offered at about $300/ T for big buyers- trade. HONG KONG, March 18- Chinese buyers of primary aluminum are reluctant to book imports for the second quarter as they hold limited cash and as falling premiums prompt them to postpone purchases, traders and industry sources said. While China is the world's top producer of aluminum, some end users buy the metal...

  • March 17- Aluminum maker Alcoa Inc said it would curtail 443,000 metric tons per year of alumina refining capacity at its Suralco facility in Suriname. Alcoa and the South American country's government have also agreed that a state-owned entity will buy the Suralco operations, the company said on Tuesday. Alcoa said it expects to complete the curtailment by...

  • March 17- Aluminum maker Alcoa Inc said it would curtail 443,000 metric tons per year of alumina refining capacity at Suralco in Suriname. Alcoa and the Government of Suriname have also agreed that a government-owned entity will buy the Suralco operations, the company said. The curtailment is expected to be complete by April 30.

  • MOSCOW, March 12- Ukraine's High Court has decided to take back into state ownership a 68- percent stake in an asset of Russian aluminium giant Rusal, the General Prosecutor's office said in a statement on Thursday. Rusal suspended work at the Zaporizhia alumina and aluminium complex in southeastern Ukraine several years ago as a result of low aluminium prices.

  • LONDON, March 11- U.S. aluminium producer Alcoa last week said it had placed 500,000 tonnes of production capacity under review for possible closure or sale. At one level this is all about Alcoa's own reengineering of its business model away from pure aluminium producer towards specialist materials supplier. But Alcoa's continued focus on cost-cutting also...

  • Why are 11 top rated stocks getting spanked? Wednesday, 11 Mar 2015 | 10:08 AM ET
    A pedestrian passes by a Michael Kors retail store in New York.

    11 stocks in the S&P are being punished in the stock market, despite great upside and expected earnings growth. USA TODAY reports.

  • LONDON, March 11- U.S. aluminum producer Alcoa last week said it had placed 500,000 tonnes of production capacity under review for possible closure or sale. At one level this is all about Alcoa's own reengineering of its business model away from pure aluminum producer towards specialist materials supplier. But Alcoa's continued focus on cost-cutting also...

  • Alcoa acquires RTI Metals: CEO   Monday, 9 Mar 2015 | 9:43 AM ET
    Alcoa acquires RTI Metals: CEO

    Klaus Kleinfeld, Alcoa CEO, discusses his company's acquisition of the titanium supplier and its investment in aerospace.

  • LONDON, March 9- China will be the key determinant of industrial metal prices this year. In the aluminium market, for instance, what China imports from the rest of the world is far less significant for prices than what it exports. Copper is arguably the last of the base metals in which China is still an unequivocal importer.

  • March 6- Aluminum maker Alcoa Inc said a review of its operations to cut costs could impact 14 percent of its global smelting capacity and 16 percent of its global refining capacity. Alcoa said it will review 500,000 metric tons of smelting capacity and 2.8 million metric tons of refining capacity for possible curtailment or divestiture over the next 12 months.

  • March 6- Aluminum maker Alcoa Inc said a review of its operations could impact 14 percent of its global smelting capacity and 16 percent of its global refining capacity. Alcoa said the review could result in partial and full plant curtailments, permanent shutdowns and divestitures. Alcoa has been has been reducing higher-cost smelting capacity to cut costs.

  • LONDON, March 6- It's over two years since Charles Li, chief executive of Hong Kong Exchanges and Clearing, threatened to use a "bazooka" on the long load-out queues at his new purchase, the London Metal Exchange. And that's about the time it still takes to get aluminium out of Detroit or Vlissingen, the two LME locations with embedded queues. The waiting time at Detroit...

  • NEW YORK, March 4- A U.S. judge has dismissed antitrust litigation accusing a variety of Wall Street banks and commodity merchants of conspiring to drive up aluminum prices by reducing supply. District Judge Katherine Forrest in Manhattan rejected claims brought by aluminum purchasers against several defendants including Goldman Sachs Group Inc, JPMorgan...

  • METALS-Nickel rallies after Chinese closures Wednesday, 4 Mar 2015 | 12:42 PM ET

    *US aluminum price-fixing claims vs LME, Glencore thrown out. LONDON, March 4- Nickel rebounded on Wednesday, breaking a string of four straight losing sessions, after reports of closures of nickel operations in China and despite a surge in inventories. Analysts at Macquarie Bank said nickel demand in China should get a boost from a government order to close some...

  • NEW YORK, March 4- A U.S. judge dismissed antitrust litigation accusing the parent of the London Metal Exchange, the large mining company Glencore Plc and two other foreign defendants of being part of a conspiracy among Wall Street banks and commodity merchants to drive up aluminum prices by reducing supply. District Judge Katherine Forrest in Manhattan ruled...

  • NEW YORK, March 4- A U.S. judge has dismissed the parent of the London Metal Exchange, Glencore Plc and two other foreign defendants from antitrust litigation accusing Wall Street banks and commodity merchants of conspiring to drive up aluminum prices by reducing supply. In a decision on Tuesday night, U.S. District Judge Katherine Forrest in Manhattan said she...

  • CONAKRY, March 3- Guinea's economy is likely to take a $2 billion hit from a regional Ebola outbreak that has killed nearly 10,000 people, and the country is relying on mining to drive growth once the virus is contained, the finance minister said. Guinea is the world's top exporter of the aluminium ore bauxite and produces diamonds and gold but its economy,...

  • MELBOURNE, Feb 26- South Korea's state commodity buyer has paid a lower premium for aluminum in its latest tender, signaling a turning point for costs to obtain the metal in Asia as regional supply climbs. It comes just as quarterly talks between producers and consumers kick off in Japan, which typically set the benchmark for the region. South Korea's public...

  • LONDON, Feb 24- Non-Chinese aluminium production was unchanged in January, according to the latest figures from the International Aluminium 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...

  • EARNINGS POLL-Weak rouble supports Rusal's Q4 EBITDA Tuesday, 24 Feb 2015 | 9:03 AM ET

    MOSCOW, Feb 24- Russian aluminium producer Rusal's fourth-quarter core profit is expected to rise sharply because of a slump in the rouble against the dollar, a Reuters poll of seven banks showed. Rusal has a primary listing in Hong Kong and secondary listings in Paris and Moscow. Poll contributors: Sberbank CIB, BrokerCreditService, Credit Suisse, Deutsche Bank,...