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Company News

Alcoa Unveils Next-generation Aluminum Materials

Lightweight metals leader Alcoa Inc. (NYSE:AA) has implemented its breakthrough manufacturing technology, the Alcoa MicromillTM, to manufacture advanced aluminum sheet.

Aluminum Price Helps Chalco Quarterly Loss

The Aluminum Corp. of China Ltd. posted its smallest quarterly loss this year as China's largest producer of aluminum reaped the reward of increasing prices.

Fitch Ratings Downgrades Alcoa’s Credit Grade to BB+

Bloomberg reported that Fitch Ratings has cut Alcoa Inc.'s (NYSE:AA) credit grade from BBB- to BB+, one level below investment grade. The firm "sees Alcoa’s total debt remaining more than 2.5 times its earnings before interest, taxes, depreciation and amortization."

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Market News

Aluminum Displaces Nickel as 2014′s Biggest Gainer

Bloomberg reported that on Tuesday nickel fell to its lowest price in a week, sinking as much as 1.6 percent as LME inventories increased to a record 385,860 metric tons. The previous day, the metal sunk by 3 percent.

China to Impose Power Tariffs on Aluminum Smelters

China will impose tiered power rates on aluminum smelters, starting on January 1, as part of its efforts to address severe overcapacity in the industry, Shanghai Metals Market reported.

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