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.
Continue reading "Aluminum Set to Drop as Financing Accords Unwind, Tiberius Says"
Thursday, October 27, 2011
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.
Continue reading "Reliance Steel 3Q Profit Jumps 74 Percent"
Thursday, October 20, 2011
Zacks analyzed the top five companies in the aluminum imarket as measured by beta.
Continue reading "Top Five Companies in the Aluminum Industry Measured by Beta"
Wednesday, October 19, 2011
Bloomberg reported that LME monitored aluminum stockpiles will most likely gain in the fourth quarter after the financing deals are extended.
Continue reading "Aluminum Stocks to Gain in 4th Quarter as Deals Extend"
Monday, October 17, 2011
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.
Continue reading "Alcoa and Saudi Co. Get Funding for Joint Venture"
Monday, October 17, 2011
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.
Continue reading "Rio Tinto Takes Bold Step into Aluminum Rehab"
Friday, October 14, 2011
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.
Continue reading "Aluminium Short-Sellers? Not The Villains This Time"
Wednesday, October 12, 2011
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.
Continue reading "Aluminum Demand May Gain 10% Over Next 5 Years, Novelis Says"
Wednesday, October 12, 2011
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.
Continue reading "Alcoa Profit Misses Estimates as Europe Cuts Aluminum Orders"
Thursday, October 6, 2011
Business Week reported Alcoa Inc. (NYSE:AA) surged after the price of aluminum rose the most in 10 months in London trading.
Continue reading "Alcoa Rises After Aluminum Price Jumps on London Exchange"
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Friday, October 28, 2011