Reports reveal that the stoppage of Zaporizhia Aluminum Combine the country’s only aluminum smelter, would cause serious financial losses for the Ukrainian economy. For full story, click here
Read the full article: "Stoppage of sole aluminum smelter will harm..."
Tuesday, March 31, 2009
Century Aluminum Company reported first quarter 2009 earnings after the close of market trading. For full story, click here
Read the full article: "Century Aluminum announced date for first..."
Tuesday, March 31, 2009
Chinalco’s listed subsidiary Chalco, China’s leading aluminum producer, has reported a 99.9-per cent jumped in net profit for 2008 – 10 times more than expected and warned that the first-quarter profit would plummet by almost 100 per cent due to the global economic meltdown. For full story, click here
Read the full article: "Chinalco subsidiary Chalco profit jumps 99.9%"
Monday, March 30, 2009
Reliance Steel and Aluminum ended the last trading session at $27.81. So far the stock has hit a 52-week low of $12.58 and 52-week high of $78.44. Reliance Steel and Aluminum stock has been showing support around 26.56 and resistance in the 30.06 range. For full story, click here
Read the full article: "Reliance Steel and Aluminum ended trading at..."
Monday, March 30, 2009
The Yunnan Aluminum Co. Ltd., one of China’s leading aluminum processors has announced that it plans to float 200 million shares at not lower than 6.31 yuan per share. It plans to raise at least US$184.7 million. For full story, click here
Read the full article: "China’s Yunnan Aluminum to raise $185..."
Monday, March 30, 2009
It is reported that China’s Henan province will buy 500,000 metric tons of aluminum for its provincial reserve to help local smelters weather the economic downturn. Mr Li Ke Henan Vice Governor stated: Henan government will implement various measures to strengthen its support for enterprises in difficulty, and the aluminum industry is among the most [...]
Read the full article: "Henan province to purchase 500,000 tonnes..."
Thursday, March 26, 2009
India’s state-run National Aluminium Co. is looking forward for a 10% import tax on primary aluminum to protect the domestic industry from low-cost imports. Chairman C.R. Pradhan, stated: We are still in discussions with the government. We are hopeful that the government would consider protecting our interest. For full story, click here
Read the full article: "NALCO aimed for a 10% duty on Aluminum..."
Thursday, March 26, 2009
The Alcan aluminum plant in Sebree, Kentucky reported that it has laid off dozens of line workers. For full story, click here
Read the full article: "Alcan laid off 60 workers at KY plant"
Thursday, March 26, 2009
China reported that it will introduce rebates for export tariffs on aluminum extrusion products. For full story, click here
Read the full article: "China to impose aluminum extrusion pdt..."
Thursday, March 26, 2009
Rusal, the world’s largest aluminum producer declared that prices for the metal will surge next year as China’s economy grows and as Western governments use monetary policy and spending to stimulate demand. Mr Artem Volynets Moscow based Rusal’s director of corporate strategy said: I think we will emerge a very different company in two or [...]
Read the full article: "Rusal says aluminum prices will rise on..."
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Tuesday, March 31, 2009