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Aluminum Producers

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  • *PPS buys aluminium from Australia, India. SEOUL, April 15- South Korea's Public Procurement Service paid a premium of $223 per tonne in its latest aluminium tender, almost a third less than a month ago, highlighting an accelerating collapse in global premiums as supply swells. Asia has seen a particularly steep drop from record highs, due to its proximity to China,...

  • *Alcoa sees larger aluminium surplus on rising China exports. *Prospect of cheaper power in China weighs on aluminium. Lead is not very dynamic... but supply is probably not going to be as good as expected, "said Eugen Weinberg, an analyst at Commerzbank.

  • *Alcoa sees larger aluminium surplus on rising Chinese exports. MELBOURNE, April 9- Shanghai aluminium dropped on Thursday after the Chinese government announced measures to cut power prices, which traders bet would lower the production costs of local aluminium and depress prices. Aluminium traded on the Shanghai Futures Exchange fell more than 2 percent...

  • CHICAGO, April 8- Alcoa Inc earned a profit in the first quarter after a year-earlier loss, reflecting its ongoing shift from traditional smelting and refining to value-added businesses such as automotive and aerospace, the aluminum producer said on Wednesday. The company's earnings, excluding restructuring costs, beat market expectations but its revenue...

  • NEW YORK, April 8- The world aluminum market will see a surplus of 326,000 tonnes in 2015, an executive at Alcoa Inc said following a presentation of the company's first-quarter 2015 earnings on Wednesday. That surplus forecast differed sharply from the aluminum producer's January estimate of a 38,000- tonne deficit for 2015, largely driven by an increase in...

  • Alcoa beats 1Q profit forecasts but revenue falls short Wednesday, 8 Apr 2015 | 4:13 PM ET

    DALLAS— Alcoa Inc. posted a first-quarter profit that beat Wall Street expectations but its revenue fell short as it continues to transform itself into a supplier for the auto and aerospace industries. Alcoa was helped by aluminum prices that were 10 percent higher than a year ago, although down from the fourth quarter of 2014. It said growth was mostly driven...

  • These firms consistently crush earnings forecasts Wednesday, 8 Apr 2015 | 10:33 AM ET
    Aluminum rods in a Alcoa plant.

    These 12 companies have torn past adjusted earnings forecasts by 10% or more for 4 straight quarters. USA TODAY reports.

  • Did you know Alcoa helped make all this?   Wednesday, 8 Apr 2015 | 6:00 AM ET
    Did you know Alcoa made all this?

    Alcoa is an integral part of consumers' lives whether they know it or not.

  • MOSCOW, April 7- The head of Russia's top lender Sberbank, German Gref, said on Tuesday the bank was not willing to restructure a loan to aluminum producer Rusal. There has been no proposal that is acceptable to us, "Gref told reporters. Rusal, the world's largest aluminum producer, has long hoped to reach agreement with lenders to revise the terms of its multi-billion...

  • *Brazil, US physical premiums: http://link.reuters.com/buv44w. LONDON, April 1- U.S. aluminium producer Alcoa has this week announced the full shuttering of the Alumar smelter in Brazil. This was a period of rapid expansion of primary aluminium capacity in Brazil.

  • March 30- Aluminum maker Alcoa Inc said on Monday it will shut its only remaining smelter in Brazil, the latest victim of a toxic mix of weak metal prices and high energy costs. The closure will cut Brazil's annual production to under 900,000 tonnes even as consumption is expected to grow as South America's largest economy prepares to host the 2016 Olympics.

  • Alcoa to shut Sao Luis smelter in Brazil Monday, 30 Mar 2015 | 9:07 AM ET

    March 30- Aluminum maker Alcoa Inc said on Monday it would shut the remaining 74,000 metric tons of capacity at its Sao Luis smelter in Brazil due to weak metal prices and high costs. The refinery at Sao Luis will continue normal operations, Alcoa said. Once smelting is stopped at Sao Luis on April 15, Alcoa will have idled about 740,000 metric tons, or 21 percent, of its...

  • NEW YORK, March 26- A U.S. judge on Thursday refused to dismiss 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 said metals purchasers may pursue claims against affiliates of Goldman Sachs Group Inc, JPMorgan Chase&...

  • U.S. aluminum price-fixing lawsuit can go forward-judge Thursday, 26 Mar 2015 | 4:49 PM ET

    NEW YORK, March 26- A U.S. judge on Thursday refused to dismiss 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 said aluminum purchasers may pursue claims against several defendants, including affiliates of...

  • *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.