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Aluminum Producers

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  • LONDON, Nov 19- The splintering of the global aluminium price is becoming ever more acute. Physical premiums on both sides of the Atlantic have just sailed through the $500 per tonne level, widening the disconnect between the global reference price set on the London Metal Exchange and the "all-in" price paid by manufacturers. The LME is racing to catch up with its...

  • Miss. could be site for $1.2 billion aluminum mill Monday, 17 Nov 2014 | 7:22 PM ET

    JACKSON, Miss.— Mississippi appears to be the favored location for a proposed $1.2 billion aluminum mill that would hire 650 or more workers to supply aluminum for auto bodies. The company won't say what locations it's considering, but has filed for environmental permits at a site near Golden Triangle Regional Airport, just west of Columbus in Lowndes County.

  • Nov 17- American Specialty Alloys said it plans to build a $1.2 billion aluminum mill in southeastern United States to tap into rising demand from the automotive industry. Boggs is making the switch to aluminum after almost a quarter of a century working in engineering and technology development for major steel producers including AK Steel, Severstal's...

  • LONDON, Nov 7- Copper prices rose on Friday as a mixed U.S. payrolls report offered investors relief that the world's largest economy had not lost steam, while aluminum extended losses as producers and trade houses sold. Three-month aluminum fell to a session low of $2,056.75 a tonne before paring the losses to trade at $2,068, down 0.39 percent.

  • What I'm buying now: Dennis Gartman Monday, 3 Nov 2014 | 6:40 PM ET
    Dennis Gartman

    Three commodities are on Dennis Gartman's "buy" list.

  • LONDON, Oct 27- Is the world aluminium market in a supply-demand deficit or surplus? Two respected bank analysts, Citi's David Wilson and Natixis' Nic Brown, offered diametrically different views. The thorniest problem of all, however, is assessing what is going on in China.

  • Those are the sort of prizes Chinese aluminium firm Chinalco, the top shareholder in Rio Tinto, is likely to be looking for as trading giant Glencore weighs up a fresh takeover approach for the Anglo-Australian miner, people familiar with Chinalco's strategy said. Rio Tinto rebuffed an approach from Glencore in August that would have created a $160 billion...

  • OSLO, Oct 15- Some major customers of Norwegian aluminium maker Norsk Hydro want it to certify metal made with clean hydro power to help a shift from high-polluting fossil fuels and combat climate change, chief executive Svein Richard Brandtzaeg said. The name itself reflects hydro power but they would like us to certificate the hydropower-based metal in...

  • Britain's Court of Appeal last week overturned a previous High Court ruling that the LME's consultation on linking load-in and load-out rates at log-jammed warehouses was unlawful. This, however, looks little more than defiant posturing, given that the Court of Appeal expressly denied it the right of further appeal. Just a shame then that the two aluminium...

  • NEW YORK, Oct 9- Alcoa Inc and PepsiCo Inc were among Thursday's biggest premarket movers, with both rallying on strong results. Aluminum maker Alcoa jumped 1.6 percent to $16.32, a day after its third-quarter earnings beat expectations on higher aluminum prices and lower costs. The results contributed to a positive tone on Wall Street as Alcoa was one of the...

  • Oct 8- Alcoa Inc reported a stronger-than-expected increase in third-quarter profit on Wednesday as higher aluminum prices and lower costs drove a recovery in its business unit that produces aluminum. In an interview, Alcoa Chief Executive Klaus Kleinfeld said the "upstream" raw materials business had its best quarter since the 2008 economic slump.

  • Oct 8- Alcoa Inc reported a stronger-than-expected increase in third-quarter profit on Wednesday as it benefited from higher aluminum prices and a strategic repositioning into metals other than aluminum. Alcoa's strategy to boost value-added fabricated product output and broaden its footprint in other light-weight materials like nickel, titanium and...

  • Alcoa third-quarter earnings rise, shares gain Wednesday, 8 Oct 2014 | 4:16 PM ET

    Oct 8- Aluminum producer Alcoa Inc reported a rise in third-quarter profit on Wednesday due to higher aluminum prices and premiums although it recorded restructuring charges on a smelter closure. Excluding the impact of special items, Alcoa's earnings were $370 million, or 31 cents a share for the three months ended September. Alcoa traditionally has been the...

  • Dennis Gartman

    Investors should stay away from Brazil amid its presidential election, Dennis Gartman says.

  • Inside Alcoa's aluminum lithium factory     Thursday, 2 Oct 2014 | 7:18 AM ET

    CNBC's Morgan Brennan reports on Alcoa's aggressive expansion into aerospace manufacturing.

  • Novelis opens aluminium recycling plant in Germany Wednesday, 1 Oct 2014 | 5:36 AM ET

    HAMBURG, Oct 1- Novelis, a U.S.-based manufacturer of rolled aluminium products, said it had opened a $258 million recycling plant in Germany to process aluminium scrap obtained throughout Europe. Good availability of scrap in Europe is a major reason for locating the plant in Germany, he said.

  • Novelis opens aluminum recycling plant in Germany Wednesday, 1 Oct 2014 | 5:36 AM ET

    HAMBURG, Oct 1- Novelis, a U.S.-based manufacturer of rolled aluminum products, said it had opened a $258 million recycling plant in Germany to process aluminum scrap obtained throughout Europe. Good availability of scrap in Europe is a major reason for locating the plant in Germany, he said.

  • Brown, a crusader against the role that Wall Street banks play in commodity markets, warned that Congress would write new laws if the CFTC and foreign regulators were unable to fix what he called "ongoing irregularities" in the market.

  • *China firing up mothballed smelters after price rise. *Graphic on China output: http://link.reuters.com/ceh48t. "You've moved the profitability of the industry dramatically this year, from most of it losing money to almost all of it being cash-positive... so the next risk is that you get restarts," Stephen Briggs, a metals strategist at BNP Paribas in London, said.

  • *China firing up mothballed smelters after price rise. *Graphic on China output: http://link.reuters.com/ceh48t. "You've moved the profitability of the industry dramatically this year, from most of it losing money to almost all of it being cash-positive... so the next risk is that you get restarts," Stephen Briggs, a metals strategist at BNP Paribas in London, said.