According to new data from the Aluminum Association, despite an uptick in London Metal Exchange aluminum prices, demand for North American aluminum mill products has still remained in the dumps. For full story, click here
Reliance Steel and Aluminum closed yesterday at $36.13. 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 33.65 and resistance in the 38.01 range. For full story, click here
Reliance Steel and Aluminum closed yesterday at $35.89. 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 34.70 and resistance in the 37.38 range. For full story, click here
National Aluminium Co., India’s second-leading producer, is rising bauxite production after reopening its mines last month. For full story, click here
Guinea Alumina, the $4.8 billion joint venture between BHP Billiton Ltd., Global Alumina Corp. and Dubai Aluminium Co., will commence construction on its plant later than initially planned after aluminum demand plunged. For full story, click here
The annual rate of primary U.S. aluminum output in April slipped 36.5 percent year-on-year to 1,764,641 tonnes from 2,779,160 tonnes in April 2008, and was down 2.5 percent from March’s annual rate of 1,809,788 tonnes. For full story, click here
Shanghai Stock Exchange-listed Shandong Nanshan Aluminum Co. Ltd. has planned to build an aluminum alloy processing facility in Shandong Province’s Longkou City with an annual output capacity of 220,000 tons, the company declared on May 9. For full story, click here
Oman’s Sohar Aluminium, part-owned by a unit of international miner Rio Tinto, has put the second phase of its plant on hold for now as the company assesses prospects for the metal. For full story, click here
Reliance Steel and Aluminum closed yesterday at $37.82. 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 35.75 and resistance in the 39.33 range. For full story, click here
Norske Hydro declared that it is considering to make further output cuts in its extruded aluminum automotive components and systems due to General Motors and Chrysler suspending vehicle production at most of their assembly plants in North America. For full story, click here
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