Century Aluminum Co. declared a third consecutive quarterly loss on Thursday as the company slashed production to combat weak demand for aluminum amid a more than 65 percent dip in sales. For full story, click here
Alcoa Inc, whose results are traditionally viewed as an indicator of the country’s economic health, is expected to post a third consecutive quarterly loss this week. For full story, click here
Aluminum Corporation of China Ltd. incurred a net loss of CNY 1.89 billion in the Q1 of 2009 marking a slump of 250.8%YoY from a year earlier. For full story, click here
Alcoa Incorporated announced that it has posted a net loss of $480 million for the first quarter of 2009, compared with a profit of $370 million year over year. For full story, click here
Wall Street is expecting aluminum producer Alcoa Inc to declare a second consecutive quarterly loss next week, mostly because the metal’s price has dipped 9 percent this year. Analyst Charles Bradford of Bradford Research stated: The metal price is down, that’s the key. For full story, click here
Aluminum pared declines in LME after China, the world’s largest producer, decided not to lower export taxes that may have boosted supplies. Aluminium declined to $1,478 a tonne. For full story, click here
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