Shares of two aluminum manufacturers slipped Wednesday as an analyst downgraded Alcoa Inc., warning of weak industry fundamentals. For full story, click here
Continue reading "Alcoa, Century Aluminum Slipped On Analyst Warnings"
Monday, August 3, 2009
Hindalco Industries, India’s biggest aluminum producer, declared a 31 percent dipped in first-quarter profit, beating analysts’ expectations, on lower metal prices. The shares surged. For full story, click here
Continue reading "Hindalco Industries First Quarter Profit Slipped on Metal Prices"
Friday, July 31, 2009
Century Aluminum is trading 5% higher today on volume of 242,665 shares. The stock has traded within a 52-week range of $1.04 and $61.63. For full story, click here
Continue reading "Century Aluminum trend up 178.8%"
Saturday, July 25, 2009
Aluminum Corporation of China has hit a new 52-Week high of $28.90 so far today. Currently the stock is up $1.37 to $28.76 on 773,281 shares traded. For full story, click here
Continue reading "Aluminum Corp. of China hit $28.90"
Tuesday, July 21, 2009
Aluminum Corporation of China shares have nearly doubled this year as China’s economy has rebounded more quickly than expected, driving aluminum demand. Today’s gains are helped by general strength of aluminum company shares across the board. For full story, click here
Continue reading "Aluminum Corp. of China surged on prices and demand"
Saturday, July 11, 2009
SmarTrend’s proprietary algorithms detected bearish price action on shares of Aluminum of China which generated a Downtrend alert on June 23, 2009 at $22.92. For full story, click here
Continue reading "ACH Aluminum of China has alerted 4.5% Move in 17 days"
Friday, May 15, 2009
Alcoa Inc. shares surged nearly 7 percent on Friday after Goldman Sachs resumed coverage of the aluminum producer with a buy rating. For full story, click here
Continue reading "Alcoa shares surged on Goldman Note"
Thursday, April 2, 2009
Aluminum Corporation of China seen to be on the move and is now at $17.54, up $1.93 on volume of 736,000 shares traded. Over the last 52 weeks the stock has ranged from a low of $7.22 in October to a high of $47.95 in May. For full story, click here
Continue reading "Aluminum Corp. of China traded at $17.54"
Wednesday, March 25, 2009
Aluminum’s fundamentals remain dire, despite the upswing in Chinese Imports. Imports in the country are rising due to an arbitrage opportunity as Shanghai Futures Exchange aluminum is selling at a premium of $400-$500 per tonne on the London Metal Exchange.
Continue reading "Arbitrage opportunity increases China’s aluminum imports"
Thursday, March 19, 2009
Alcoa Inc. announced that it will sell 150 million common shares at $5.25 each to raise $ 787.5 million to boost its liquidity. The price is a 4.2% discount from the Wednesday closing price of $5.48. For full story, click here
Continue reading "Alcoa declared to sell its shares at $5.25 each"
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Wednesday, August 19, 2009