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 Mr Jorge Vazquez the 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
Century Aluminum Co., which already reported a second-quarter loss, declared on Friday that it is taking a $73.2 million charge that will raise that loss. For full story, click here
Reliance Steel and Aluminum closed yesterday at $34.55. So far the stock has hit a 52-week low of $12.58 and 52-week high of $60.97. Reliance Steel and Aluminum stock has been showing support around 33.44 and resistance in the 35.72 range. For full story, click here
Aluminium surged to the highest in 9 months in London and copper to the highest in 10 months as a world economic recovery spurs demand for industrial metals. Mr Gayle Berry an analyst at Barclays Capital in London stated: In Europe and the US, consumers are beginning to buy again. That is a big change [...]
Century Aluminum Co. declared that it is divesting its stakes in a Louisiana alumina plant and a Jamaican bauxite mine, which are currently operating at 50-percent capacity or less. For full story, click here
Aluminium surged to the highest in 9 months in London and copper to the highest in 10 months as a world economic recovery spurs demand for industrial metals. For full story, click here
Alumina Ltd., partner in the world’s leading producer of the material used to make aluminum, rose to the highest in almost nine months in Sydney trading after reporting a smaller-than-expected first-half underlying loss. For full story, click here
Bloomberg quoted the Shanghai Futures Exchange declared that aluminum stockpiles expanded for a 7th week to the highest level in 5 months. For full story, click here
Century Aluminum Co declared that it is divesting its stakes in a Louisiana alumina plant and a Jamaican bauxite mine, which are currently operating at 50-percent capacity or less. For full story, click here
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