Norsk Hydro, Europe’s third- leading aluminum maker, scrapped a plan to bid for Asia Aluminum Holdings Ltd., the failed Chinese metals company, its liquidator said. For full story, click here
Read the full article: "Norsk Hydro scraped Asia Aluminum Bid"
Friday, June 26, 2009
Aluminum Corporation of China has closed yesterday at $24.71. So far the stock has hit a 52-week low of $7.22 and 52-week high of $30.19. The proprietary Key Risk Ranking for ACH has declined from a 2 KEY Considerable Relative Risk to a 1 KEY High Relative Risk. For full story, click here
Read the full article: "Aluminum Corp. of China closed at $24.71"
Thursday, June 25, 2009
Aluminum Corporation of China has closed yesterday at $24.29. So far the stock has hit a 52-week low of $7.22 and 52-week high of $30.19. Aluminum Corporation of China stock has been showing support around 23.39 and resistance in the 25.33 range. For full story, click here
Read the full article: "Aluminum Corp. of China closed at $15.99..."
Thursday, June 25, 2009
Alcoa declared that it has reached an agreement with Noble Corporation to acquire Noble’s intellectual property pertaining to welded aluminum risers used in offshore oil and gas exploration and development. Noble, a leading drilling contractor, designs and deploys welded aluminum riser systems using Alcoa’s advanced extrusions and forgings, including the same highly engineered alloys used [...]
Read the full article: "Alcoa has expanded position in Oil and Gas..."
Thursday, June 25, 2009
United Co. Rusal, the Russian aluminum producer controlled by billionaire Oleg Deripaska, declared that it will cut alumina production at its Friguia plant in Guinea by “more than 50 percent” next month. For full story, click here
Read the full article: "Rusal will cut aluminum output at Guinean..."
Wednesday, June 24, 2009
The U.S. and the EU have both launched World Trade Organization complaints against China on the grounds that Beijing unfairly helps domestic makers of steel and aluminum, by blocking overseas exports of raw materials.
Read the full article: "China Accused of Aluminum Dumping"
Wednesday, June 24, 2009
Alcoa Russia’s Samara Plant today commissioned a new state-of-the-art coating line for production of high-quality coated sheet used in the packaging market for aluminum soft drink and beer cans as well as serving the building and construction markets. For full story, click here
Read the full article: "Alcoa Russia’s Samara Plant has..."
Wednesday, June 24, 2009
Aluminum Corporation of China has closed yesterday at $23.21. So far the stock has hit a 52-week low of $7.22 and 52-week high of $30.19. Aluminum Corporation of China stock has been showing support around 21.79 and resistance in the 24.25 range. For full story, click here
Read the full article: "Aluminum Corp. of China closed at $23.21"
Wednesday, June 24, 2009
India imposed safeguard duty of as much as 30 percent on import of aluminum products from China to protect domestic companies. For full story, click here
Read the full article: "India has imposed safeguard duty on Aluminum..."
Tuesday, June 23, 2009
Norsk Hydro ASA, an aluminum product producer based in Norway, has offered $300 million to purchase the assets of bankrupted Asia Aluminum Holdings Ltd., outbidding Golden Concord Pacific’s offer of $298 million, a source close to Asia Aluminum told Interfax on June 23. For full story, click here
Read the full article: "Norsk Hydro has bid for $300 mln for Asia..."
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Friday, June 26, 2009