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.
Read the full article: "Aluminum Set to Drop as Financing Accords..."
Thursday, October 27, 2011
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.
Read the full article: "Reliance Steel 3Q Profit Jumps 74 Percent"
Monday, October 24, 2011
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.
Read the full article: "Chalco Says Falling Prices May Cause..."
Thursday, October 20, 2011
Zacks analyzed the top five companies in the aluminum imarket as measured by beta.
Read the full article: "Top Five Companies in the Aluminum Industry..."
Wednesday, October 19, 2011
Bloomberg reported that LME monitored aluminum stockpiles will most likely gain in the fourth quarter after the financing deals are extended.
Read the full article: "Aluminum Stocks to Gain in 4th Quarter as..."
Monday, October 17, 2011
Business Week reported that Alcoa Inc. (NYSE:AA) and the Saudi Arabian mining company Ma’aden (SAU:1211) announced that their $10.8 billion aluminum joint venture signed financing agreements worth nearly a billion dollars.
Read the full article: "Alcoa and Saudi Co. Get Funding for Joint..."
Monday, October 17, 2011
Reuters reported that Rio Tinto (NYSE:RIO) plans to sell off roughly a third of its business in aluminum, most of which was acquired in the merger with Canada’s Alcan in July 2007.
Read the full article: "Rio Tinto Takes Bold Step into Aluminum Rehab"
Friday, October 14, 2011
Reuters reported that Alcoa’s (NYSE:AA) chief executive has blamed short-selling for a big fall in the price of Aluminum and with it the company’s share price.
Read the full article: "Aluminium Short-Sellers? Not The Villains..."
Wednesday, October 12, 2011
Bloomberg reported that according to Novelis Inc., Aluminum demand may climb by 8 percent to 10 percent annually over the next three to five years.
Read the full article: "Aluminum Demand May Gain 10% Over Next 5..."
Wednesday, October 12, 2011
Bloomberg reported that Alcoa Inc., (NYSE:AA) announced earnings for this quarter and posted profit that trailed analysts’ estimates, saying European customers “dramatically” cut orders on economic uncertainty.
Read the full article: "Alcoa Profit Misses Estimates as Europe Cuts..."
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Friday, October 28, 2011