The headwinds faced by China's massive steel sector- falling profit margins and growing dependence on handouts- are shared by other key industrial and infrastructure-related sectors, including aluminium, cement and coal.» Read More
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.
LONDON, March 27- The London Metal Exchange will not implement reforms of its warehousing network as scheduled next month after it lost elements of a legal case brought by Russian aluminium giant Rusal. "The LME is disappointed with the outcome of the judicial review," the exchange said in a statement.
Alcoa reported quarterly revenue that beat analysts' expectations on Thursday, but earnings came up short.
Alcoa CEO Klaus Kleinfeld discusses Q4 earnings data just after his company reached a settlement over its bribery scandal. He discusses his continued investments in the automotive and aerospace industries.
Klaus Kleinfeld discusses the company's earnings and revenue, as well as the charges for settling its Mideast bribery scandal. "We're putting it behind us," he says.
Alcoa is paying $384 million to settle a bribery scandal in the Middle East. Jeff Kilburg, KKM Financial founder & CEO, and John Spallanzani GFI Group director, debate the play on Alcoa. Kilburg says there is too much inventory in the aluminum space for the stock to gain.
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 is disputing a report that a Goldman controlled warehouse in Detroit is behind a rise in aluminum prices, with CNBC's Mary Thompson.
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.
Vladislav Soloviev, deputy CEO of Rusal, says China should do more to help the aluminum industry combat oversupply.
Alcoa kicked off earnings season with a beat on earnings but slight miss on revenue. Shares slipped after-hours.
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.
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.
Rio Tinto, the mining giant, was in turmoil Thursday morning after the abrupt departure of its chief executive and the announcement of a $14 billion writedown.
Jorgen Rostrup, CFO of the Norwegian aluminum and renewable energy company, Norsk Hydro, shares his view on why the group swung to a net loss in the third quarter and when he sees these conditions lifting.
CNBC's Jane Wells reports Yum! Brands' Q3 earnings; and Bill Barker, Motley Fool Asset Management, owns a little more than 99,000 shares of Yum! Brands. Barker weighs in on what the company's earnings says about the global economy.
Shares of Alcoa are up about 2.6 percent after reporting Q3 earnings. Klaus Kleinfeld, Alcoa chairman and CEO, offers insight.
The aluminum maker's stock decline could be signaling bad news for the market.