Aluminum Producers


  • Rio Tinto puts off plans for Paraguay aluminum plant Tuesday, 10 Dec 2013 | 2:11 PM ET

    ASUNCION, Dec 10- Giant global mining company Rio Tinto said on Tuesday it postponed studies related to a proposed $4 billion aluminum plant in Paraguay due to bad market conditions, putting what would be the country's biggest-ever foreign investment in jeopardy.

  • *Rio to wind down Gove alumina production from early next year. SYDNEY, Nov 29- Miner Rio Tinto said on Friday it will stop alumina production at its Gove refinery in Australia, as the plant is no longer viable amid difficult market conditions.

  • HONG KONG, Nov 28- Some aluminium smelters in China, the world's top producer and consumer of the metal, could in 2014 turn to spot shipments or short-term contracts for raw material alumina as the ratios used to calculate annual term contracts climb, trading sources said.

  • *Rio Tinto weighing fate of Gove alumina refinery in Australia. *Shfe aluminium sinks to two-month low of 14,070 yuan a tonne. "Aluminium, of all the base metals, is facing some of the bigger headwinds given all the supplies tied up in warehouses, and the new proposed changes in LME rules," said James Glenn, economist at National Australia Bank in Melbourne.

  • SINGAPORE, Nov 26- London aluminium hung close to its lowest in four months on Tuesday as historical overhang of inventory built up in the aftermath of the 2008 credit crisis continues to blunt prices. Copper prices on Monday hit the highest since November 11 at $7,140 a tonne.

  • *Rusal seeks record Q1 Japan aluminium premiums at $270. LONDON, Nov 25- Copper slipped after hitting a near two-week high on Monday, as a strong dollar and worries over rising supplies offset a deal over Tehran's disputed nuclear programme that is expected to boost global growth. Copper prices were undermined, however, by pervasive worries over rising supplies.

  • HONG KONG/ LONDON, Nov 25- Chinalco, the largest aluminium producer in China, has dropped out of the race for Glencore Xstrata's $5.9 billion Las Bambas copper mine in Peru, leaving Minmetals as the front-runner, sources familiar with the matter said.

  • *Rusal seeks record Q1 Japan aluminium premiums at $270. LONDON, Nov 25- Copper was little changed, after hitting a near two-week high earlier on Monday, as a strong dollar and worries over rising supplies offset a deal over Tehran's disputed nuclear programme that is expected to boost global growth.

  • European shares dip at open; Norsk sags Tuesday, 12 Nov 2013 | 3:19 AM ET

    PARIS, Nov 12- European shares fell in early trade on Tuesday, reversing the previous day's gains, with Vodafone slipping after reporting a record fall in quarterly organic service revenue. Norwegian aluminium producer Norsk Hydro featured among the top losers, down 5.9 percent after Brazilian miner Vale sold most of its stake in the group.

  • UK businessman accused of corrupt Bahrain payments Tuesday, 5 Nov 2013 | 5:56 PM ET

    LONDON, Nov 5- A British prosecutor alleged on Tuesday that London- based businessman Victor Dahdaleh made "corrupt payments" of over 40 million pounds to the former chairman and chief executive of a Bahraini aluminium smelter to secure contracts worth over $3 billion for companies including U.S. group Alcoa.

  • Alcoa warns Quebec against power rate hike Wednesday, 30 Oct 2013 | 11:48 AM ET

    Oct 30- U.S. aluminum producer Alcoa Inc warned on Wednesday that a planned electricity rate hike in Quebec would make its three smelters in the Canadian province uncompetitive.

  • Rusal: No slowdown for aluminium in China     Sunday, 6 Oct 2013 | 6:22 PM ET

    Live at the 2013 APEC summit, Oleg Deripaska, CEO at the world's largest aluminum firm UC Rusal told CNBC's Martin Soong that he expects aluminum's downstream growth rate to continue at 9%.

  • The big bank is getting hit with a class-action lawsuit over its aluminum storage methods, reports CNBC's Kate Kelly.

  • Goldman Sachs to blame?     Monday, 22 Jul 2013 | 2:20 PM ET

    Goldman Sachs is disputing a report that a Goldman controlled warehouse in Detroit is behind a rise in aluminum prices, with CNBC's Mary Thompson.

  • Goldman denies distorting aluminum prices     Monday, 22 Jul 2013 | 11:35 AM ET

    Goldman Sachs is inflating the cost of aluminum cans and CNBC's Mary Thompson reports how they're doing it.

  • Eivind Kallevik, CFO of aluminum producer, Norsk Hydro, tells CNBC they are seeing an improvement driven by higher prices on their primary products and good seasonal upswing in sales volumes.

  • What Could China Do for Aluminium?     Thursday, 18 Apr 2013 | 11:00 AM ET

    Vladislav Soloviev, deputy CEO of Rusal, says China should do more to help the aluminum industry combat oversupply.

  • Alcoa Kicks Off Earnings Season With Mixed Report Monday, 8 Apr 2013 | 4:44 PM ET
    A worker walks among rolls of semi-finished aluminum at an Alcoa aluminum factory.

    Alcoa kicked off earnings season with a beat on earnings but slight miss on revenue. Shares slipped after-hours.

  • Stock in 60 Seconds: Rusal     Sunday, 3 Mar 2013 | 10:10 PM ET

    CNBC's Adam Bakhtiar looks at shares of Hong-Kong listed Rusal for the daily 'Stock in 60' segment after the world's largest aluminum producer reported a 63% fall in 2012 EBITDA.

  • New Rio Tinto Chief Faces First Difficult Decision Wednesday, 30 Jan 2013 | 8:04 PM ET

    Rio Tinto's Sam Walsh faces his first difficult decision as chief executive -- whether to shut the 1,400-staff Gove alumina refinery in Australia -- as under-performing units come under tougher scrutiny following $14 billion in writedowns this month.

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