Kaiser Aluminum Corporation (NASDAQ:KALU) reported net income of $0.1 million and earnings per diluted share of $0.01 for the second quarter ended June 30, 2010 compared to $20 million and earnings per diluted share of $0.97 for the quarter ended June 30, 2009.
Monday, August 2, 2010
Ibtimes.com reported on Base metals (Copper, Aluminium, Zinc) to recover on robust growth:
Continue reading "Base metals (Copper, Aluminium, Zinc) to recover on robust growth"
Monday, June 14, 2010
After aluminum’s recent slump, many smelters are unprofitable- a reality that may lead to forced shutdowns.
Continue reading "Aluminum Producers Underwater"
Thursday, May 27, 2010
Novelis, world leader in aluminum rolling and recycling, has announced its plan to expand its Brazil rolling operations by investing $300 million in Pindamonhangaba. The said action is in response to the growing demand of Aluminum products in South America. Phil Martens, President and Chief Operating Officer, Novelis Inc. is quoted saying: “We are experiencing [...]
Continue reading "Novelis Invests $300 M to Expand Brazil Operations"
Wednesday, May 26, 2010
China’s premier Wen Jiabao delivered a big speech on Wednesday urging all levels of government to work with an ‘iron hand’ to improve energy efficiency. Click here to access the entire Editorial
Wednesday, May 26, 2010
Norsk Hydro (NHY.OL), aluminum producer, is building the largest aluminum recycling plant at Karmoy, Norway with an initial capacity of 35,000 tonnes. Norsk Hydro is quoted saying: “The planned new plant at Karmoy will recycle dross and scrap from all of Hydro’s aluminium plants in Norway, as well as from external sources in Scandinavia and [...]
Continue reading "Norsk Hydro Build Norway’s Largest Aluminum Recycling Plant"
Tuesday, May 25, 2010
Aluminum can makers in Japan expect a fast moving shipment in the coming weeks due to high consumption of beer and softdrinks on the soccer World Cup. Japan’s top aluminum can maker, Daiwa Can Company is quoted saying: “We expect can shipments to get a boost from the event as the more people go travelling, [...]
Continue reading "Japan Aluminum High Demand Seen by World Cup"
Friday, May 21, 2010
Noranda Aluminum Holding Corp. (NOR) has closed its previously announced underwritten initial public offering of 11.5 million shares at $8.00 per share on Wednesday. Joint book-running managers of the offering includes BofA Merrill Lynch, Morgan Stanley & Co. Incorporated, Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co. and UBS Securities LLC. Click here to [...]
Continue reading "Noranda Announces Completion of Initial Public Offering"
Thursday, May 20, 2010
Novelis’ subsidiary Novelis do Brasil has signed an agreement with Rexam PLC (OTC: REXMY), worlds largest manufacturer of aluminum beverage cans. Alexandre Almeida, Senior Vice President of Novelis Inc. and President, Novelis South America is quoted saying: “This agreement demonstrates Novelis’ potential to serve the demand for aluminum sheet from the Brazilian can market and [...]
Continue reading "Novelis and Rexam Agreement on Aluminum Can Production"
Wednesday, May 19, 2010
U.S. aluminium producer Alcoa Inc. (AA.N) has struck a 95 million euro ($118 million) investment deal with Italian trade unions. The deal is for the unions to support Alcoa’s two Italian plants. Managers of Alcoa’s Italian unit were quoted saying: “The company confirms its will to remain in Italy with two production sites.” Click here [...]
Continue reading "Alcoa and Italian Trade Unions Agree on Investments"
For upcoming aluminum investing trade shows, see the following links: Cambridgehouse, IIC, Chicago Resource Expo
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The Aluminum Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
Tuesday, August 3, 2010