Asia’s leading aluminum exhibition will open in Shanghai
Asia’s leading aluminum exhibition, Aluminum China 2009 declared that it will open on June 30 at the Shanghai New International Expo Centre. For full story, click here
Archive for May, 2009
Rio Tinto is considering changes to Chinalco deal
Anglo-Australian mining giant Rio Tinto decalred that it is to consider making changes to its planned 19.5 billion US dollar tie-up with China’s Chinalco to head off a shareholder revolt. For full story, click here
Reliance Steel and Aluminum closed at $35.80
Reliance Steel and Aluminum closed yesterday at $35.80. 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 32.61 and resistance in the 37.39 range. For full story, click here
Rusal declared further cuts in output are not allowed
Russian aluminum producer United Co. Rusal declared that it doesn’t need to deepen output cuts if aluminum prices stay above $1,400 a metric ton, but said prices aren’t expected to recover significantly until 2011. For full story, click here
Alcoa shares surged on Goldman Note
Alcoa Inc. shares surged nearly 7 percent on Friday after Goldman Sachs resumed coverage of the aluminum producer with a buy rating. For full story, click here
Reliance Steel and Alumnum closed at $33.51
Reliance Steel and Aluminum closed yesterday at $33.51. 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 30.84 and resistance in the 35.38 range. For full story, click here
Tough times ahead for aluminum industry
Despite the recent recovery in LME aluminum prices; demand for the stainless steel component remains in the dumps. Without any idea of when demand may stage a comeback, aluminum miners are bracing for more tough times.
Alcoa dipped by 8.8%
Alcoa Inc. dipped the second-most in the Dow Jones Industrial Average, falling 8.8 percent to $8.63. China, the world’s leading aluminum producer, may have restarted as much as 1.4 million metric tons of capacity in April. For full story, click here
Reliance Steel and Aluminum closed at $32.88
Reliance Steel and Aluminum closed yesterday at $32.88. 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 30.89 and resistance in the 36.39 range. For full story, click here
Century Aluminum declared filing of post-effective ammendment
Century Aluminum Company declared that it has filed Post-Effective Amendment No. 3 to its S-3 Registration Statement solely for the purpose of correcting the EDGAR submission header in the Post-Effective Amendment filed March 10, 2009, to identify the amendment as a non-automatic shelf registration amendment, rather than an automatic shelf registration amendment, per applicable regulations. [...]
