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"
Friday, June 25, 2010
Sillenger Exploration Corp. (OTCQB: SLGX) (OTCBB: SLGX) announced that its company information will be made available via Standard & Poor's Market Access Program, an information distribution service that enables subscribing publicly traded companies to have their company information disseminated to users of Standard & Poor's Advisor Insight.
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"
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"
Friday, May 14, 2010
According to a member of the International Panel for Sustainable Resource Management set up by UNEP, Thomas Graedel, stated that if people will not start recycling, specialty metals like aluminum will soon be scarce. Aluminum is being used by the electronics industry Thomas Graedel, a professor of industrial ecology at Yale University is quoted saying: [...]
Continue reading "Aluminum Shortage Likely Without Recycling"
Thursday, May 13, 2010
This quarter could be a good mark off for aluminum for producers such as UC RUSAL (0486.HK) (RUAL.PA), Aluminum Corp of China (Chalco) (601600.SS) (2600.HK) and Alcoa (AA.N) who sees this time as a buying opportunity. Wei Xiaoshuang, analyst at CM-CCS Securities was quoted saying: “Chalco definitely will be profitable this year and some low-cost, [...]
Continue reading "Is May a Good Month for Aluminum Buy In?"
Wednesday, May 12, 2010
Guinea’s Bellzone, top supplier of aluminum ore bauxite, hopes to bag the second major international investment in the mining field second to Vale, a Brazilian giant who made a $2,5-billion deal in April. This was confirmed by Mines Minister Mahmoud Thiam. Mines Minister Mahmoud Thiam is quoted saying during a Reuters interview: “We are aware [...]
Continue reading "Guinea Hopeful for Bellzone -FT Security"
Friday, May 7, 2010
Norsk confirmed on Sunday that it will buy out Brazilian mining giant’s $4.9 billion aluminum assets. Vale will get 3.1 billion dollars in new Hydro Norsk shares and $1.1 billion cash from Norsk so this means 22 percent of Norsk Hydro shares will belong to Vale. Commerce and Industry Minister Trond Giske said in a [...]
Continue reading "Norsk Hydro Buys Out Vale Aluminum Giant for $4.9 Billion"
Friday, May 7, 2010
National Commercial Bank (NCB) confirms that once the three mega smelter projects worth more than $10 billion start producing nearly 2.4 million tons, Saudi Arabia will be one of the major aluminum exporters in the world. According to NCB, “Saudi Arabia is on the verge of becoming a major upstream player in the global aluminum [...]
Continue reading "Saudi Arabia, Major Aluminum Exporter in Five Years"
For upcoming aluminum investing trade shows, see the following links: Cambridgehouse, IIC, Chicago Resource Expo
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Tuesday, August 3, 2010