Aluminum Investing News

Aluminum Set to Drop as Financing Accords Unwind, Tiberius Says

Researcher — Fri, 28 Oct 2011 21:28:56 +0000

Bloomberg reported that according to the Tiberius Group, aluminum prices will most likely drop after investors begin to unwind financing deals overshadowing most of London Metal Exchange stockpiles.

Reliance Steel 3Q Profit Jumps 74 Percent

Researcher — Fri, 28 Oct 2011 04:36:11 +0000

MSNBC reported that Reliance Steel & Aluminum Co.'s (NYSE:RS) third-quarter profit surged 74 percent due to rise in steel volumes as well as prices.

Chalco Says Falling Prices May Cause Cash-Flow Difficulties

Researcher — Tue, 25 Oct 2011 06:13:47 +0000

Bloomberg reported that Aluminum Corp. of China Ltd., (SHA:601600) announced that few of its units will most likely face difficult cash-flow situations as prices continue to inch down.

Top Five Companies in the Aluminum Industry Measured by Beta

Researcher — Fri, 21 Oct 2011 04:22:12 +0000

Zacks analyzed the top five companies in the aluminum imarket as measured by beta.

Aluminum Stocks to Gain in 4th Quarter as Deals Extend

Researcher — Thu, 20 Oct 2011 04:50:13 +0000

Bloomberg reported that LME monitored aluminum stockpiles will most likely gain in the fourth quarter after the financing deals are extended.

Alcoa and Saudi Co. Get Funding for Joint Venture

Researcher — Tue, 18 Oct 2011 04:52:39 +0000

Business Week reported that Alcoa Inc. (NYSE:AA) and the Saudi Arabian mining company Ma'aden (SAU:1211) announced that their $10.8 billion aluminum joint venture signed financing agreements worth nearly a billion dollars.

Rio Tinto Takes Bold Step into Aluminum Rehab

Researcher — Tue, 18 Oct 2011 04:47:28 +0000

Reuters reported that Rio Tinto (NYSE:RIO) plans to sell off roughly a third of its business in aluminum, most of which was acquired in the merger with Canada’s Alcan in July 2007.

Aluminium Short-Sellers? Not The Villains This Time

Researcher — Sat, 15 Oct 2011 01:28:14 +0000

Reuters reported that Alcoa's (NYSE:AA) chief executive has blamed short-selling for a big fall in the price of Aluminum and with it the company's share price.

Aluminum Demand May Gain 10% Over Next 5 Years, Novelis Says

Researcher — Wed, 12 Oct 2011 20:22:39 +0000

Bloomberg reported that according to Novelis Inc., Aluminum demand may climb by 8 percent to 10 percent annually over the next three to five years.

Alcoa Profit Misses Estimates as Europe Cuts Aluminum Orders

Researcher — Wed, 12 Oct 2011 20:19:11 +0000

Bloomberg reported that Alcoa Inc., (NYSE:AA) announced earnings for this quarter and posted profit that trailed analysts' estimates, saying European customers “dramatically” cut orders on economic uncertainty.