China’s aluminum deficit to be short lived
Ibtimes reported that China’s aluminum deficit to be short lived:
Archive for February, 2010
Century Reports 2009 Financial Results
Century Aluminum Company (NASDAQ: CENX) announced a net loss of $24.4 million ($0.28 per basic and diluted common share) for the fourth quarter of 2009.
Aluminum stocks on a roll
China Economic Net.com reported on Aluminum stocks on a roll:
Anglo Aluminum Discovers New Bauxite at Koumbia
Anglo Aluminum Corp. (TSX VENTURE:ALU) announced results from the Gaoual permit on its Koumbia Bauxite Project located in the Boke Bauxite Belt of northwestern Guinea, West Africa.
Italy Gov & Alcoa Meeting on Feb 22
On Thursday, it was reported that Italy’s government and trade unions and managers of Alcoa Inc. (AA.N) met briefly to discuss the fate of two Alcoa plants in Italy and promised to convene again on Feb. 22.
Aluminum Corp of China plans Malaysia aluminium plant
Aluminum Corp of China Ltd (2600.HK) (601600.SS) reported that the company has entered into a framework agreement to build an aluminium plant with an annual capacity of 330,000 tonnes in Malaysia, with a total estimated investment of $1 billion.
Alumina slides to year net loss
On Tuesday,Australia’s Alumina Ltd (AWC.AX) reported a net loss for 2009, hit by a slump in aluminium demand, but reinstated its dividend saying its outlook had improved.
Alcoa postpones Italian aluminum smelter shutdown
Alcoa Inc. (AA.N) reported that the company will continue discussing ways to resolve energy costs at its aluminum smelters in Italy and will not curtail its two plants there on Feb. 6 as previously announced.
RUSAL repays creditors $2.14 billion
On Thursday, the world’s top aluminum producer, Russia’s UC RUSAL (0486.HK) (RUAL.PA), reported that it had repaid $2.14 billion owed to creditors, reducing its total debt to $12.9 billion.
Ormet lays off 20 workers at aluminum smelter
On Monday, Ormet Corp (ORMT.PK), an independent U.S. primary aluminum producer, laid off 20 workers at its Hannibal, Ohio smelter.
