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Aluminum Producers

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  • *Alcoa's beat boosts Wall Street stocks. Alcoa Inc reported results after Wall Street closed Tuesday, beating analysts' expectations and lifting the aluminum maker's stock more than 3 percent.

  • Copper prices hovered near their highest in almost five months, while aluminium matched a 13- month top. Three-month zinc was the strongest performer on the London Metal Exchange, climbing 1.1 percent to $2,308 a tonne by 1001 GMT, approaching a three-year high of $2,318.50 touched on Tuesday.

  • July 8- Alcoa Inc's chief executive officer said on Tuesday the aluminum company would push deeper into the market for more profitable finished products like truck wheels and aircraft fuselages as it reported quarterly results that beat analysts' expectations.

  • UPDATE 1-Alcoa results beat Wall Street, shares rise Tuesday, 8 Jul 2014 | 4:45 PM ET

    July 8- Aluminum producer Alcoa Inc reported a second-quarter profit and revenue that beat analysts' expectations, as the company focused on selling products from its downstream business, which include truck wheels and aircraft fuselages. The company earned $138 million, or 12 cents a share, compared with a loss of $119 million, or a loss of 11 cents, a year earlier.

  • Alcoa earnings easily beat Street estimates Tuesday, 8 Jul 2014 | 4:03 PM ET
    An Alcoa aluminum plant in Alcoa, Tennessee

    Alcoa reported earnings of 18 cents a share, excluding certain items, on revenue of $5.84 billion.

  • *China aluminium surplus poised to shrink this year- analysts. LONDON, July 7- Copper edged further off 4- month peaks on Monday as investors took profit and stocks rose for a second day running, though lingering supply worries put a strong floor under prices.

  • *Henan province considering subsidy on power fees- smelting source. HONG KONG, July 7- Rising demand and the closure of some 2 million tonnes of aluminum capacity are likely to shrink an expected surplus of the metal in China this year.

  • MOSCOW, July 1- Russian aluminum giant Rusal has approval for a $3.6 billion debt restructuring deal from another of its creditors German financial services provider Portigon AG, two sources familiar with decision said. The deal has yet to be approved by one creditor- Britain's part-nationalized lender Royal Bank of Scotland, one source told Reuters.

  • RPT-After 125 years, Alcoa looks beyond aluminum Friday, 27 Jun 2014 | 7:01 AM ET

    June 26- Alcoa Inc, the company that helped create the aluminum industry more than a century ago, is reinventing itself as a manufacturer of specialized components for aerospace and automotive customers, including some that contain no aluminum at all.

  • After 125 years, Alcoa looks beyond aluminum Thursday, 26 Jun 2014 | 6:39 PM ET

    June 26- Alcoa Inc, the company that helped create the aluminum industry more than a century ago, is reinventing itself as a manufacturer of specialized components for aerospace and automotive customers, including some that contain no aluminum at all.

  • UPDATE 2-Alcoa to buy aerospace company Firth Rixson Thursday, 26 Jun 2014 | 9:34 AM ET

    June 26- Aluminum group Alcoa Inc expanded its aerospace business and took a step away from the light metal on Thursday, announcing a $2.85 billion deal to buy a company that makes jet engine parts, largely out of nickel-based alloys and titanium.

  • Alcoa buys Firth Rixson for $2.8B     Thursday, 26 Jun 2014 | 7:03 AM ET

    With this acquisition we are adding 20 percent to our aerospace business, says Klaus Kleinfeld, Alcoa chairman & CEO, discussing his company's rapid expansion into the aerospace space.

  • Gartman: Don't even consider shorting the market     Wednesday, 25 Jun 2014 | 7:32 AM ET

    It's still a bull market says Dennis Gartman, "The Gartman Letter" editor, sharing his thoughts on Tuesday's triple-digit drop in the Dow. I think it's time to be neutral again, says Gartman.

  • June 19- Aluminum giants Alcoa Inc and Novelis Inc spent decades wooing Detroit's automakers to toss out their heavy steel vehicle bodies and overhaul their factories in order to mass produce vehicles made out of lighter aluminum.

  • NEW YORK, June 10- Most new pickup trucks produced in North America will use aluminum instead of steel for lighter bodies that boost fuel efficiency, driving consumption of the metal by the region's automotive sector up 40 percent by 2025, according to a study released by Ducker Worldwide.

  • *StanChart says not pulling out of China commod financing. LONDON, June 10- Copper dropped to a one-month low on Tuesday as an investigation into metal financing in China prompted concern that a crackdown could hit trade in the metal, while aluminum and zinc retreated from multi-month highs as traders cashed in on recent gains.

  • *Shanghai bonded copper premiums drop another $5 to $90 -110- Shmet. LONDON, June 9- Aluminum prices hit their highest in 9-1/ 2 months on Monday as inventories kept declining and speculators piled into the market after the breaching of key chart-based levels.

  • *Iron ore deliveries at Qingdao Port unaffected by probe. QINGDAO/ HONG KONG, China, June 9- China's Qingdao Port has sealed its Dagang bonded metal storage area and suspended delivery of metals from the section, as authorities investigate an alleged fraud into financing of copper, aluminium and alumina, two sources with direct knowledge of the matter said.

  • QINGDAO, China, June 9- China's Qingdao Port has sealed its Dagang bonded metal storage area and suspended delivery of metals from the section, as authorities investigate an alleged fraud into financing of copper, aluminium and alumina, two sources with direct knowledge of the matter said.

  • LONDON, June 5- Another quarter and another record premium level for Japanese aluminum buyers. The premium over the London Metal Exchange cash price for third-quarter shipments to Asia's largest importer seems to be settling around the $400 per tonne level, up from $365- 370 in the current quarter.