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Aluminum Producers

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  • But the price gain in the second quarter resulted in capacity that was either idled, or about to be shut, remaining in operation, according to a July 17 report from Beijing- based consultants AZ China. This is despite some 80 percent of Chinese smelters, representing some 20 million tonnes of annual capacity, operating at a theoretical loss, AZ China said.

  • But the price gain in the second quarter resulted in capacity that was either idled, or about to be shut, remaining in operation, according to a July 17 report from Beijing- based consultants AZ China. This is despite some 80 percent of Chinese smelters, representing some 20 million tonnes of annual capacity, operating at a theoretical loss, AZ China said.

  • LONDON, July 21- Zinc and aluminum prices hit their highest in more than a year on Monday as investors sought exposure to commodities with improved fundamentals, but copper's gains were curbed by worries over China's property sector and over a build-up of stocks.

  • LONDON, July 21- Zinc and aluminium prices hit their highest in more than a year as investors sought exposure to commodities with improved fundamentals, but gains in copper were held back by worries over China's property sector and over a build-up of stocks.

  • LONDON, July 17- The legal battle between the London Metal Exchange and Russian aluminum giant Rusal will resume on July 29. There are currently 2,915,100 tonnes of the stuff waiting for a physical delivery slot in the LME warehouse system, most of it at just two locations; Vlissingen in the Netherlands and Detroit in the United States.

  • *China Q2 GDP growth slightly higher than forecast at 7.5 pct. LONDON, July 16- Aluminum touched the highest levels in 16 months on Wednesday after data showed stronger economic growth in top metals consumer China amid producer cutbacks and eroding inventories.

  • *China Q2 GDP growth slightly higher than forecast at 7.5 pct. LONDON, July 16- Aluminium touched the highest levels in 13 months on Wednesday after data showed stronger economic growth in top metals consumer China amid producer cutbacks and eroding inventories. said Grant Sporre, head of metals research at Deutsche Bank.

  • *Could push aluminium price to $2,500 per T- Japan industry body. TOKYO, July 11- Prices for aluminium could climb around a third to as high as $2,500 per tonne if more U.S. automakers start producing vehicles made from the metal, said the new head of Japan's aluminium industry body.

  • *Could push aluminum price to $2,500 per T- Japan industry body. TOKYO, July 11- Prices for aluminum could climb around a third to as high as $2,500 per tonne if more U.S. automakers start producing vehicles made from the metal, said the new head of Japan's aluminum industry body.

  • LONDON, July 9- Zinc steadied on Wednesday but stayed near the previous session's 3- year high as investors held firm to the view that the metal will face shortages due to mine closures and is currently a good proxy for recovering global growth. Copper prices hovered near their highest in almost five months, while aluminum touched a fresh 13- month top.

  • *Alcoa earnings top expectations; stock jumps. Alcoa Inc was one of the S&P 500' s biggest advancers, up 5.7 percent to $15.70 a day after the U.S. aluminum producer reported adjusted second-quarter earnings and revenue that topped Wall Street's forecasts.

  • *Alcoa's beat boosts Wall Street stocks. Alcoa Inc reported results after Wall Street closed Tuesday, beating analysts' expectations and lifting the aluminum maker's stock more than 3 percent.

  • *Alcoa's beat boosts Wall Street stocks. Alcoa Inc reported results after Wall Street closed Tuesday, beating analysts' expectations and lifting the aluminum maker's stock more than 3 percent.

  • Copper prices hovered near their highest in almost five months, while aluminium matched a 13- month top. Three-month zinc was the strongest performer on the London Metal Exchange, climbing 1.1 percent to $2,308 a tonne by 1001 GMT, approaching a three-year high of $2,318.50 touched on Tuesday.

  • July 8- Alcoa Inc's chief executive officer said on Tuesday the aluminum company would push deeper into the market for more profitable finished products like truck wheels and aircraft fuselages as it reported quarterly results that beat analysts' expectations.

  • UPDATE 1-Alcoa results beat Wall Street, shares rise Tuesday, 8 Jul 2014 | 4:45 PM ET

    July 8- Aluminum producer Alcoa Inc reported a second-quarter profit and revenue that beat analysts' expectations, as the company focused on selling products from its downstream business, which include truck wheels and aircraft fuselages. The company earned $138 million, or 12 cents a share, compared with a loss of $119 million, or a loss of 11 cents, a year earlier.

  • Alcoa earnings easily beat Street estimates Tuesday, 8 Jul 2014 | 4:03 PM ET
    An Alcoa aluminum plant in Alcoa, Tennessee

    Alcoa reported earnings of 18 cents a share, excluding certain items, on revenue of $5.84 billion.

  • *China aluminium surplus poised to shrink this year- analysts. LONDON, July 7- Copper edged further off 4- month peaks on Monday as investors took profit and stocks rose for a second day running, though lingering supply worries put a strong floor under prices.

  • *Henan province considering subsidy on power fees- smelting source. HONG KONG, July 7- Rising demand and the closure of some 2 million tonnes of aluminum capacity are likely to shrink an expected surplus of the metal in China this year.

  • 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.