Rio Tinto, leading international mining group, is facing a difficult time. The group’s aluminum subsidiary and by far the world’s 4th largest aluminum producer, previously known as Rio Tinto Aluminum, had suffered a write down ...
Vale informs that it has concluded the annual assessment of Onça Puma and aluminum assets, which will imply the recognition of an impairment charge before tax of USD 4.2 billion, thus affecting our earnings in the fourth quarter of ...
Tags: Onça Puma, aluminum assets, aluminum price, aluminum
Moody's Investors Service on Tuesday placed Alcoa Inc's Baa3 senior unsecured and Prime-3 short term rating under review for downgrade, reflecting the headwinds facing the company due to the decline in aluminum prices. The outlook was ...
Tags: Moody, Investors Service, aluminum price, aluminum
The Federal Reserve announced overnight that it will continue monthly purchase of USD 40 billion mortgage backed securities buy additional USD 45 billion long term Treasury bonds and keep low interest rate unchanged until at least mid 2015 ...
Tags: aluminum, LME aluminum, LME aluminum inventories, aluminum prices
SMM reported that China's manufacturing PMI rose to a 7 month high in November. Risk appetite grew during the European session pushing commodity prices up. The US November manufacturing PMI declined more than expected, increasing ...
Tags: scrap metal price, iron ore price news, aluminum, steel scrap buyers
Canadian Business reported that a hit to electricity contracts with aluminum smelters reduced Hydro Quebec's profits in the Q3. Excluding a charge related to the planned closure of the Gentilly-2 nuclear reactor the public utility's ...
Metal Miner reported that rising 2.7% the cash price of primary aluminum experienced the biggest change on the LME for November 30th 2012. After a 2.6% increase, the aluminum 3 month price finished the day. The Indian aluminum cash price ...
Tags: price for gold, scrap metal prices, iron ore price news
Vedanta Resources PLC controlled by billionaire Mr Anil Agarwal is counting on a court verdict next month to secure raw material and revive a faltering USD 9 billion aluminum project in India. Mr Mukesh Kumar COO of Vedanta Resources said ...
Alcoa is in plans to acquire mines utilized for the production of aluminium from BHP Billiton and Rio Tinto. The firms have earlier this year shelved and sold mines citing poor outlook for the metal. Mr Alan Cransberg MD of Alcoa ...
Tags: Alcoa, BHP Billiton, Rio Tinto, 13 aluminum assets
Miningmx reported that ALCOA would seek to buy mines used in the manufacture of aluminium from BHP Billiton and Rio Tinto after they this year shelved and sold mines owing to the poor outlook for the metal. Mr Alan Cransberg MD of Alcoa ...
Tags: ALCOA, mines, aluminium, metal market