Century Aluminum is trading 4.7% higher today on volume of 3,476,485 shares. The stock has traded within a 52-week range of $1.04 and $51.46. For full story, click here
The Kribi Power Development Corp. has commenced supplying electricity to boost aluminum output at Cameroon’s sole smelter. For full story, click here
Shares of two aluminum manufacturers slipped Wednesday as an analyst downgraded Alcoa Inc., warning of weak industry fundamentals. For full story, click here
The total aluminum output in the first four month of the Iranian calendar reached 96,555 tons showing a 25 percent surged as compared to the same period the year before. For full story, click here
The aluminum market is disregarding a basic principle of economics: Spot prices on the London Metal Exchange have surged 39% this year despite slipping demand and growing supply. For full story, click here
Aluminum Corporation of China closed yesterday at $31.69. So far the stock has hit a 52-week low of $7.22 and 52-week high of $32.79. Aluminum Corporation of China stock has been showing support around 30.99 and resistance in the 32.71 range. For full story, click here
Reliance Steel and Aluminum closed yesterday at $35.50. So far the stock has hit a 52-week low of $12.58 and 52-week high of $59.17. Reliance Steel and Aluminum stock has been showing support around 34.61 and resistance in the 36.23 range. For full story, click here
Alcoa declared Alcoa World Alumina LLC has completed its previously announced transaction to acquire BHP Billiton’s bauxite and alumina refining interests in Suriname. Terms are not disclosed. For full story, click here
Aluminum Corporation of China closed yesterday at $31.59. So far the stock has hit a 52-week low of $7.22 and 52-week high of $32.79. Aluminum Corporation of China stock has been showing support around 30.60 and resistance in the 32.82 range. For full story, click here
As per analyst in Harbor Intelligence, aluminum price is predicted to jump to above USD 3,000 per tonne by May 2010 due to strong recovery in aluminum demands especially from automobile and building sectors. For full story, click here
Wednesday, August 19, 2009