Aluminum Investing News

Reliance Steel Closes Deal for Continental Alloys

Anne Bagchi — Wed, 03 Aug 2011 19:30:27 +0000

Forbes reports that Reliance Steel & Aluminum Co. (NYSE:RS) acquired the rest of Continental Alloys & Services Inc. and affiliated companies.

Vedanta express optimistic a swell in aluminum refinery

Heather Wright — Fri, 22 Oct 2010 17:50:00 +0000

Top news.in reports that Vendanta Aluminum Ltd has been denied permission to expand it's aluminum refinery by the Indian government, but is hopeful that the issue is not dead.

China’s Chalco expects return to profit in Q1

Mike Rodger — Mon, 29 Mar 2010 23:12:36 +0000

On Sunday, it was reported that Aluminum Corp of China (601600.SS)(2600.HK) would post a profit in the first quarter of this year.

A Rosier Outlook for Japan’s Economy

Mike Rodger — Wed, 15 Jul 2009 03:53:56 +0000

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.

Aluminum’s low price forces smelters to operate at a loss

Mike Rodger — Wed, 12 Nov 2008 03:36:41 +0000

At aluminum’s current price around 90% of the world’s smelting capacity is operating at a loss, and this is forcing producers to revise production programs to cope with aluminum’s current price point.