Aluminum is one of the most commonly used elements in the world. Here's a look at two of its applications.
The outlook for aluminum is more positive than the steep drip in price since April may suggest.
The end of the summer slowdown may be near.
Analysts are in agreement at Harbor Intelligence’s Annual Aluminum Outlook Conference predicting stable to higher prices on the year.
Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) entered into an offtake agreement with Glencore International AG, a subsidiary of Glencore Xstrata plc. The agreement is for the purchase of smelter-grade alumina from the Company’s proposed smelter-grade alumina (SGA) plant in Quebec. As quoted in the press release: The Agreement provides for the purchase by Glencore of 100% of [...]
Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) announced that its annual general meeting of shareholders will be held in Montréal on June 20, 2013.
Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) appointed Denis Arguin as Vice President of Operations and reported an updated capital cost and timeline estimates for completing its high-purity alumina (HPA) production plant in Cap-Chat, Quebec.
Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) adopted a majority voting policy for election of directors, which will allow the shareholders of the Company to vote in favour of or to withhold from voting for each director nominee separately. Orbite Aluminae also announced changes to its Board of Directors.
Bloomberg reported that according to the Tiberius Group, aluminum prices will most likely drop after investors begin to unwind financing deals overshadowing most of London Metal Exchange stockpiles.
MSNBC reported that Reliance Steel & Aluminum Co.'s (NYSE:RS) third-quarter profit surged 74 percent due to rise in steel volumes as well as prices.
Bloomberg reported that Aluminum Corp. of China Ltd., (SHA:601600) announced that few of its units will most likely face difficult cash-flow situations as prices continue to inch down.
Zacks analyzed the top five companies in the aluminum imarket as measured by beta.