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Aluminum Producers

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  • SINGAPORE, April 4- London aluminium was on track for its biggest weekly gain in more than eight months on Friday, trading near a five-month top as a series of capacity cutbacks by top producers underpinned the market. Copper edged higher, recouping some of last session's decline which was driven by disappointment over China's stimulus measures.

  • Three-month aluminium on the London Metal Exchange closed up 0.3 percent at $1,834, having earlier touched its highest since Nov. 4 at $1,846. Some investors have been upbeat on aluminium after a series of capacity cutbacks by producers, including U.S. producer Alcoa which shut down 147,000 tonnes in Brazil.

  • Three-month aluminium on the London Metal Exchange closed up 0.3 percent at $1,834, having earlier touched its highest since Nov. 4 at $1,846. Some investors have been upbeat on aluminium after a series of capacity cutbacks by producers, including U.S. producer Alcoa which shut down 147,000 tonnes in Brazil.

  • *Warehouses not likely to exploit court decision. LONDON, April 3- Big warehouse owners, under regulatory scrutiny for tying up huge amounts of aluminium in profitable storage, are unlikely to risk seeking a fresh influx of metal even though a UK court ruling last week set back attempts to rein them in.

  • *Copper premiums fall $5 to $75- $95. Three month aluminium on the London Metal Exchange dipped 0.1 percent to $1,827.75 a tonne by 1009 GMT after touching a peak of $1,838.50, the highest since Dec. 30.

  • MOSCOW, April 2- Russia's aluminium giant Rusal is still in talks with lenders to amend the terms of syndicated facilities covering $3.7 billion of debt to defer repayments and modify covenants, which are due to be tested in May, it said.

  • MOSCOW, April 2- Russia's aluminium giant Rusal is still in talks with lenders to amend the terms of syndicated facilities covering $3.7 billion of debt to defer repayments and modify covenants, which are due to be tested in May, it said.

  • LONDON, March 31- Russian aluminium giant United Company Rusal Plc could fall into line with proposed London Metal Exchange rules to cut logjams in warehouses, with a fuller and fair consultation process, a company executive said on Monday.

  • LONDON, March 31- Russian aluminium giant Rusal may accept new rules to cut backlogs at warehouses overseen by the London Metal Exchange if they resulted from a fair consultation, a company executive said on Monday.

  • LONDON, March 31- Russian aluminium giant Rusal said it may accept new rules to cut backlogs at warehouses overseen by the London Metal Exchange if they were the result of a fair consultation, a company executive said on Monday.

  • *Hopes bolstered after Beijing says ready to support economy. LONDON, March 31- Copper was down slightly after earlier hitting a two-week high on Monday, following a 2.8 percent gain last week, as investors were wary of China's tighter credit conditions despite hopes Beijing would stimulate its economy.

  • *To cut 147,000 metric tons of capacity at Brazil smelters. March 28- Alcoa Inc, the biggest U.S. aluminum producer, said it would cut 147,000 metric tons of capacity at two smelters in Brazil to stem a growing global surplus that has depressed prices and made a large number of plants uncompetitive.

  • *Alcoa cuts 147,000 T capacity at Brazilian smelters. LONDON, March 28- Aluminium climbed on Friday after U.S. producer Alcoa cut more capacity from an over-supplied market while copper hit its highest level in 2-1/ 2 weeks as speculation gathered pace that China could step in to stimulate its economy.

  • LONDON/ NEW YORK, March 28- A court ruling has faulted the London Metal Exchange for failing to consult users on alternative ways to reduce vexing logjams in its warehousing network, the backbone of the world's biggest market for copper and aluminium.

  • March 28- Alcoa Inc, the biggest U.S. aluminum producer, said it would cut 147,000 metric tons of capacity at two aluminum smelters in Brazil as increased costs and low prices have made the plants uncompetitive.

  • *Involves syndicated facilities amounting to $3.7 billion. MOSCOW/ HONG KONG, March 28- Rusal, the world's largest aluminium producer, could default on some of its multi-billion dollar debt if it fails to reach a new deal with creditors by Monday, it said after reporting its biggest annual loss since 2008..

  • March 28- Alcoa Inc said it would cut 147,000 metric tons of capacity at two aluminum smelters in Brazil as increased costs have made the plants uncompetitive. Alcoa had placed 460,000 metric tons of smelting capacity under review last May. Alcoa said it expected the capacity cuts at Sao Luis and Pocos de Caldas smelters to be complete by the end of May.

  • LONDON, March 27- Copper prices bounced on Thursday on improved demand in Europe and top consumer China, but a stronger dollar and continued worries about credit in China capped gains.

  • *LME taking legal advice on options, possible appeal. LONDON, March 27- Russian aluminium producer Rusal dealt a stunning setback to London Metal Exchange plans to cut logjams in warehouses, winning a court decision to halt the reform because consultations had been "unfair and unlawful".

  • LONDON, March 27- The London Metal Exchange will not implement reforms to cut logjams in its global warehousing network as scheduled next month after it lost crucial elements of a legal case brought by Russian aluminium giant Rusal.