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
Read the full article: "Asia’s leading aluminum exhibition..."
Wednesday, May 20, 2009
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
Read the full article: "Rio Tinto is considering changes to Chinalco..."
Wednesday, May 20, 2009
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
Read the full article: "Reliance Steel and Aluminum closed at $35.80"
Friday, May 15, 2009
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
Read the full article: "Rusal declared further cuts in output are..."
Friday, May 15, 2009
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
Read the full article: "Alcoa shares surged on Goldman Note"
Friday, May 15, 2009
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
Read the full article: "Reliance Steel and Alumnum closed at $33.51"
Friday, May 15, 2009
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.
Read the full article: "Tough times ahead for aluminum industry"
Thursday, May 14, 2009
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
Read the full article: "Alcoa dipped by 8.8%"
Thursday, May 14, 2009
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
Read the full article: "Reliance Steel and Aluminum closed at $32.88"
Wednesday, May 13, 2009
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. [...]
Read the full article: "Century Aluminum declared filing of..."
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Monday, May 25, 2009