It is reported that U.S. aluminium producer Alcoa Inc (AA.N) plans an orderly shutdown of its two Italian smelters by Feb. 6, despite government efforts to find energy at a competitive price.
Read the full article: "Alcoa to shut Italy aluminium plants"
Tuesday, January 26, 2010
Five Chinese companies are targeting up to a combined $1.1 billion from initial public offerings in Hong Kong this week, reinforcing the fundraising wave that made it the world’s No. 1 IPO market in 2009.The companies came after Russian’s UC RUSAL, the world largest aluminum producer, priced its $2.2 billion deal in the mid-point of the range last week, and several of this week’s deals are quite small.
Read the full article: "Five China firms:$1.1 billion in HK IPOs"
Friday, January 22, 2010
Russia’s UC RUSAL, the world’s largest aluminum producer, raised $2.2 billion through its initial public offering. The company also brought the debt-burdened company a step closer to being the first non-Asian firm to have a primary listing in Hong Kong.
Read the full article: "RUSAL raises $2.2 billion in Hong Kong IPO"
Tuesday, January 12, 2010
On Monday, Alcoa Inc reported a narrower fourth-quarter loss as aluminum prices inched up, but the result fell short of expectations and its shares dropped more than 6 percent in after-hours trade.
Read the full article: "Alcoa reported a narrower fourth-quarter loss"
Friday, January 8, 2010
Wall Street reported that it expects Alcoa Inc (AA.N) to post a small fourth-quarter profit. However, optimism is tempered by concern over aluminum prices and how much the auto and aerospace industries rebounded from the recession.
Read the full article: "Alcoa profit update"
Wednesday, January 6, 2010
Shares in aluminum producer Alcoa Inc (AA.N) fell nearly 3 percent on Tuesday on fears over aluminum price.
Read the full article: "Alcoa’s stock down"
Monday, January 4, 2010
Aluminum Corp of China Ltd raised spot alumina prices by 5.7 percent to 2,800 yuan ($410.1) per tonne from Dec. 31.
Read the full article: "Aluminum Corp raised alumina prices"
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Friday, January 29, 2010