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Aluminum Producers

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  • 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.

  • LONDON, June 5- Another quarter and another record premium level for Japanese aluminium 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.

  • May 29- Alcoa Inc, the biggest U.S. aluminum producer, said it started work on a $100 million plant in Indiana to meet rising demand from large commercial aircraft makers. The new plant will create 329 jobs by 2019 and increase the company's capacity to supply engine parts for narrow-body aircraft, Alcoa said.

  • NEW YORK, May 28- Cotton merchants are waiting months to take delivery of fiber from U.S. warehouses, tightening supplies and fueling fears the niche market is in the grip of a storage game that plunged aluminum trading into crisis.

  • BHP Billiton says it may cut jobs at Worsley Alumina Tuesday, 27 May 2014 | 9:06 AM ET

    LONDON, May 27- BHP Billiton, the world's largest diversified mining company, may cut jobs at its Worsley Alumina operations in Australia after completing a review of the business, the company said on Tuesday.

  • LONDON, May 1- Aluminium and copper slipped on Thursday as the U.S. central bank withdrew more stimulus and after disappointing data on factory activity in top metals consumer China. China will also be closed on Friday while the London Metal Exchange will be shut on Monday.

  • Aluminum in 'good position': Norsk Hydro CEO     Wednesday, 30 Apr 2014 | 4:15 AM ET

    Eivind Kallevik, CFO at Norsk Hydro, says the aluminium sector is in a good position at the moment as demand for the metal outpaces production.

  • LONDON, April 24- Aluminium has staged an impressive price rally since the start of the month. On the London Metal Exchange three-month metal has powered up to $1,900 per tonne, a level last seen in October 2013.