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Aluminum Producers

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  • 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...

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  • 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 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.

  • 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.

  • 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.

  • The two appeals, by consumer and commercial classes of plaintiffs involved in the aluminum industry, were filed with the U.S. Court of Appeals on Sept. 24, Hong Kong Exchanges and Clearing Ltd said in a filing on Thursday.

  • The headwinds faced by China's massive steel sector- falling profit margins and growing dependence on handouts- are shared by other key industrial and infrastructure-related sectors, including aluminium, cement and coal.

  • Sept 11- Alcoa Inc has signed a long-term contract to supply planemaker Boeing Co with aluminum sheet and plate that is worth more than $1 billion, the metals company said on Thursday. The new contract is the largest ever between the two companies, said Alcoa, a longtime Boeing supplier.

  • Alcoa signs Boeing deal worth more than $1 bln Thursday, 11 Sep 2014 | 9:00 AM ET

    Sept 11- Alcoa Inc has signed a long-term contract to supply planemaker Boeing Co with aluminum sheet and plate that is worth more than $1 billion, the metals company said on Thursday. The new contract is the largest ever signed between the two companies, said Alcoa, a longtime Boeing supplier.

  • NEW YORK, Sept 4- U.S. lawyers spearheading an antitrust lawsuit accusing Wall Street banks and commodity merchants of manipulating aluminum prices will continue to fight the case even though it was dismissed last week by a U.S. judge.

  • LONDON, Sept 4- The dismissal by U.S. District Judge Katherine Forrest of a barrage of lawsuits alleging foul play in the aluminium market does not mark the end of this particular story. Another, Eastman Kodak, which has brought a complaint against Goldman Sachs, filed too recently to be included in the Aug. 29 ruling.

  • SYDNEY, Sept 2- London aluminum climbed close to an 18- month high on Tuesday, sending Shanghai futures up more than two percent in a rally that traders and analysts said appeared momentum driven and had overshot fundamentals.

  • LONDON, Aug 29- For the world's hard-pressed aluminium 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.

  • 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.