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Aluminum Producers

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  • SYDNEY, March 19- Shanghai aluminium futures fell on Wednesday to their lowest since inception, dogged by oversupply and tightening credit that has eroded demand. London copper also fell due to weak demand and worries about credit conditions in top user China.

  • *MillerCoors sees contract as "a potentially useful tool". LONDON, March 18- CME Group Inc will launch a North American physically deliverable aluminium futures contract in May that could compete with the London Metal Exchange's $54 billion market.

  • *Some 30 pct of capacity may be forced to leave mkt in 3 yrs- China Hongqiao CEO. HONG KONG, March 17- Major aluminium producer China Hongqiao Group Limited expects its production to rise by about 20 percent this year even as overcapacity could force some smaller producers into bankruptcy.

  • March 9- A U.S. judge overseeing litigation accusing Goldman Sachs Group Inc, JPMorgan Chase& Co, their warehousing businesses and the London Metal Exchange of conspiring to reduce the supply and increase the price of aluminum will allow for now three groups of plaintiffs to pursue separate lawsuits.

  • NEW YORK, March 7- Copper tumbled 4 percent to a seven-month low on Friday while silver and aluminum lost more than 1 percent each after the first bond default by top metals buyer China sparked global growth concerns.

  • LONDON, Feb 27- The London Metal Exchange voiced "serious concerns" over its ability to maintain an orderly base-metal market if forced to repeat a consultation to reform its global warehouse network, as Russian aluminium giant Rusal seeks a judicial review.

  • LONDON, Feb 26- The tremors caused by the explosion in U.S. physical aluminium premiums have reached the other side of the world. The opening producer salvoes in the quarterly negotiations are coming in at $370- 375 per tonne over LME cash. That compares with $255- 256 for the January- March 2014 period.

  • LONDON, Feb 20- The London Metal Exchange risks having to repeat arduous preparations it made for reform of its global warehouse system if Russian aluminium giant Rusal wins a British judicial review on grounds including human rights.

  • GM readying aluminum-body trucks by late 2018 - WSJ Tuesday, 18 Feb 2014 | 10:22 PM ET

    Feb 18- General Motors Co is working towards a largely aluminum-bodied pickup truck by late 2018, under pressure from federal fuel efficiency standards, the Wall Street Journal reported, citing people familiar with the matter.

  • FACTBOX-Aluminium smelter cutbacks and closures Tuesday, 18 Feb 2014 | 4:54 PM ET

    On Monday, Alcoa Inc said it will close its 50- year-old Point Henry aluminium smelter and two rolling mills in Australia after a two-year review. Russia's Rusal estimates that producers outside of China eliminated up to 1.2 million tonnes of capacity last year and further reductions of 1 million-1.5 million tonnes are expected in 2014..

  • *China's central bank drains $7.9 bln from the market. *Alcoa to shut Port Henry aluminium smelter in Australia. LONDON, Feb 18- Copper rose on Tuesday as support from a strong euro helped cushion concerns about short-term demand in China after its central bank moved to tighten the money supply.

  • *China's central bank drains $7.9 bln from the market. *Alcoa to shut Port Henry aluminium smelter in Australia. LONDON, Feb 18- Copper was steady on Tuesday as support from a weak dollar offset concerns about short-term demand in China after its central bank moved to tighten the money supply.

  • *China's central bank drains $7.9 bln from the market. *Alcoa to shut Port Henry aluminium smelter in Australia. LONDON, Feb 18- Copper was steady on Tuesday after a move by China's central bank to drain funds from the market offset a stronger euro versus the dollar.

  • *China's central bank drains $7.9 bln from the market. *Alcoa to shut Port Henry aluminium smelter in Australia. LONDON, Feb 18- Copper fell on Tuesday after China's central bank unexpectedly drained funds from the market and due to worries that a harsh winter in the United States could drag on global growth.

  • *Alcoa to close Australia Point Henry aluminium smelter. *Will bring total Alcoa capacity cuts to 551,000 tonnes. SYDNEY, Feb 18- Alcoa Inc said it will close its Point Henry aluminium smelter and two rolling mills in Australia, underscoring the dire market conditions facing producers amid a flood of new Chinese capacity.

  • *Alcoa to close Australia Point Henry aluminium smelter. *Will bring total Alcoa capacity cuts to 551,000 tonnes. SYDNEY, Feb 18- Aluminium producer Alcoa Inc said it will close its Point Henry smelter and two rolling mills in Australia, underscoring the dire market conditions facing producers amid a flood of new Chinese capacity.

  • Alcoa to close Point Henry smelter in Australia Monday, 17 Feb 2014 | 5:51 PM ET

    Feb 17- Aluminum producer Alcoa Inc said it will permanently close its Point Henry smelter and two rolling mills in Australia, after a two-year review found that the smelter had "no prospect of becoming financially viable."

  • *Metals trade quietens ahead of Lunar New Year holiday. *Copper drifts to seven-week low. LONDON, Jan 29- Aluminium touched its weakest levels in more than four years on Wednesday on persistent worries of overproduction while copper dropped for a sixth session ahead of the week-long Lunar New Year holiday in Asia.

  • Rio Tinto in talks to sell Quebec aluminum plant Monday, 27 Jan 2014 | 7:47 PM ET

    Sotrem, a company based in Saguenay, Quebec, that makes aluminum foundry alloys and deox, a type of aluminum used to remove oxygen in steel production, is leading the deal to buy the plant, said Yvon D' Anjou, who is in charge of the project. "We expect to come to a consensus in the next few months," said D' Anjou.

  • Alcoa revenue beats, but earnings come up short Thursday, 9 Jan 2014 | 5:11 PM ET
    A worker walks among rolls of semi-finished aluminum at an Alcoa aluminum factory.

    Alcoa reported quarterly revenue that beat analysts' expectations on Thursday, but earnings came up short.