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Closed Mill Opens A Can Of Worms

Wednesday, November 11, 2009

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Why has former owner of Koenig & Vits, Tim Martinez, bought a closed mill for $17 million? Would the mill be rebuilt? Could it be used to pay off debtors? Are aluminum prices positive enough?

A Rosier Outlook for Japan’s Economy

Tuesday, July 14, 2009

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Aluminum stockpiles have risen consistently this year amid the downturn in the auto sector; however recent evidence that the economy is improving combined with confidence in Chinese purchases have lifted aluminum demand.

China Accused of Aluminum Dumping

Wednesday, June 24, 2009

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The U.S. and the EU have both launched World Trade Organization complaints against China on the grounds that Beijing unfairly helps domestic makers of steel and aluminum, by blocking overseas exports of raw materials.

Tough times ahead for aluminum industry

Friday, May 15, 2009

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Despite the recent recovery in LME aluminum prices; demand for the stainless steel component remains in the dumps. Without any idea of when demand may stage a comeback, aluminum miners are bracing for more tough times.

Alcoa postpones Italian aluminum smelter shutdown

Mon, Feb 8, 2010

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Alcoa Inc. (AA.N) reported that the company will continue discussing ways to resolve energy costs at its aluminum smelters in Italy and will not curtail its two plants there on Feb. 6 as previously announced.

RUSAL repays creditors $2.14 billion

Fri, Feb 5, 2010

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On Thursday, the world's top aluminum producer, Russia's UC RUSAL (0486.HK) (RUAL.PA), reported that it had repaid $2.14 billion owed to creditors, reducing its total debt to $12.9 billion.

Ormet lays off 20 workers at aluminum smelter

Thu, Feb 4, 2010

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On Monday, Ormet Corp (ORMT.PK), an independent U.S. primary aluminum producer, laid off 20 workers at its Hannibal, Ohio smelter.

Italy asks Alcoa not to close Italy plants

Mon, Feb 1, 2010

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On Friday, Italian Prime Minister Silvio Berlusconi asked U.S. aluminium producer ALCOA (AA.N) not to close its two Italian smelters.

Alcoa to shut Italy aluminium plants

Fri, Jan 29, 2010

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It is reported that U.S. aluminium producer Alcoa Inc (AA.N) plans an orderly shutdown of its two Italian smelters by Feb. 6, despite government efforts to find energy at a competitive price.

Five China firms:$1.1 billion in HK IPOs

Tue, Jan 26, 2010

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Five Chinese companies are targeting up to a combined $1.1 billion from initial public offerings in Hong Kong this week, reinforcing the fundraising wave that made it the world's No. 1 IPO market in 2009.The companies came after Russian's UC RUSAL, the world largest aluminum producer, priced its $2.2 billion deal in the mid-point of the range last week, and several of this week's deals are quite small.

RUSAL raises $2.2 billion in Hong Kong IPO

Fri, Jan 22, 2010

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Russia's UC RUSAL, the world's largest aluminum producer, raised $2.2 billion through its initial public offering. The company also brought the debt-burdened company a step closer to being the first non-Asian firm to have a primary listing in Hong Kong.

Alcoa reported a narrower fourth-quarter loss

Tue, Jan 12, 2010

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On Monday, Alcoa Inc reported a narrower fourth-quarter loss as aluminum prices inched up, but the result fell short of expectations and its shares dropped more than 6 percent in after-hours trade.

Alcoa profit update

Fri, Jan 8, 2010

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Wall Street reported that it expects Alcoa Inc (AA.N) to post a small fourth-quarter profit. However, optimism is tempered by concern over aluminum prices and how much the auto and aerospace industries rebounded from the recession.

Alcoa’s stock down

Wed, Jan 6, 2010

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Shares in aluminum producer Alcoa Inc (AA.N) fell nearly 3 percent on Tuesday on fears over aluminum price.




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