Aluminum

CNBC reported that Alcoa shares plunged more than 7 percent to a 52-week low, after Deutsche Bank downgraded the biggest U.S. aluminum producer.

The Associated Press reported that Alcoa Inc. (NYSE:AA) declared a quarterly common stock dividend of 3 cents.

Morningstar reported that Copper can be substituted by Aluminum in the near future.

Platts reported that according to the Aluminum Association, preliminary estimates suggest that aluminum demand in the USA and Canada surged 6% in comparison to 2010.

Bloomberg reported that United Co. Rusal (HKG:0486) is not holding talks on building a plant in Iran.

Reuters reported that Alcoa Inc (NYSE:AA) plans to reorganize its midstream Global Rolled Products businesses to encourage growth opportunity in emerging markets.

Sun Herald reported that Alcoa (NYSE:AA) is one of the Top Ten North American Scrap Aluminum Suppliers as well as the “Most Improved” Supplier for 2011.

Zacks reported that shares of Aluminum of China (NYSE:ACH) traded at a new 52-week low Friday of $14.46.

Industry Week reported that according to the Aluminum Association, the use of aluminum in automobiles has the potential to reach record highs by 2012.

ABC New 4 reports that Alcoa (NYSE:AA) announces that its power rates have become too expensive and it may have to shut done the plant in Lowcountry.