Alcoa Rises After Aluminum Price Jumps on London Exchange
Business Week reported Alcoa Inc. (NYSE:AA) surged after the price of aluminum rose the most in 10 months in London trading.
Aluminum Market News Directory
Alcoa Shares Drop to 52-Week Low on Downgrade
CNBC reported that Alcoa shares plunged more than 7 percent to a 52-week low, after Deutsche Bank downgraded the biggest U.S. aluminum producer.
Alcoa Declares 3-Cent Common Stock Dividend
The Associated Press reported that Alcoa Inc. (NYSE:AA) declared a quarterly common stock dividend of 3 cents.
Aluminum is No Lightweight
Morningstar reported that Copper can be substituted by Aluminum in the near future.
North American Aluminum Demand Rises 6% Through July
Platts reported that according to the Aluminum Association, preliminary estimates suggest that aluminum demand in the USA and Canada surged 6% in comparison to 2010.
Rusal Says Iran Option for Expansion, No Talks on Building Plant
Bloomberg reported that United Co. Rusal (HKG:0486) is not holding talks on building a plant in Iran.
Alcoa Reorganizes Midstream Businesses
Reuters reported that Alcoa Inc (NYSE:AA) plans to reorganize its midstream Global Rolled Products businesses to encourage growth opportunity in emerging markets.
Alcoa Names 2011 Top North American Scrap Aluminum Suppliers
Sun Herald reported that Alcoa (NYSE:AA) is one of the Top Ten North American Scrap Aluminum Suppliers as well as the “Most Improved” Supplier for 2011.
Aluminum of China Hits a New 52 Week Low
Zacks reported that shares of Aluminum of China (NYSE:ACH) traded at a new 52-week low Friday of $14.46.
Aluminum Threatens to Overtake Steel in Auto Production
Industry Week reported that according to the Aluminum Association, the use of aluminum in automobiles has the potential to reach record highs by 2012.
