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Aluminum Producers

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  • NEW YORK, Aug 29- A U.S. judge on Friday dismissed antitrust litigation accusing Wall Street banks and commodity merchants including Goldman Sachs Group Inc and Glencore Plc of conspiring to drive up aluminum prices by reducing supply.

  • US judge dismisses aluminum price-fixing litigation Friday, 29 Aug 2014 | 6:18 PM ET
    Goldman Sachs signage on the floor of the New York Stock Exchange.

    The plaintiffs had accused Goldman Sachs, JPMorgan Chase and others of having conspired since May 2009 to drive up aluminum prices by hoarding supply.

  • LONDON, Aug 29- For the world's hard-pressed aluminum producers the current outlook is the rosiest in many years. That's largely thanks to the combination of a robust London Metal Exchange price, currently trading around $2,100 per tonne, its highest level since early 2013, and historically elevated physical premiums.

  • LONDON, Aug 28- Copper prices fell on Thursday, under pressure from escalating tensions in Ukraine and worse-than-expected euro zone economic sentiment, while falls in aluminum prices were kept in check by tightening availability of near-term supplies.

  • LONDON, Aug 28- Aluminum prices edged higher on Thursday amid tightening availability of near-term supplies, but activity on metals markets was thin after tension rose in Ukraine and European economic sentiment slid.

  • NEW YORK, Aug 26- A judge has dismissed London Metal Exchange Ltd as a defendant from U.S. antitrust litigation accusing banks and commodity companies of conspiring to drive up aluminum prices by restricting supply, hurting manufacturers and purchasers.

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

  • *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.