Higher aluminum prices have prompted some Chinese smelters to abandon production cutbacks and are seen leading to restarts of other plants, chipping away at what was expected to be the first global deficit after years of oversupply. A ...
Tags: Aluminum, physical material, Metal
Russian aluminum producer Rusal said Monday that it is bullish on the near term prospects for the aluminium market and believes that the price is undervalued. "A number of influential factors that have emerged in recent weeks cause the ...
Tags: Aluminum Market, raw materials
Global aluminum producer Alcoa has offered third-quarter term shipments at a $408/mt premium to London Metal Exchange cash, CIF Japan, Japanese buyers said Thursday. The premium is for primary aluminum ingot to be shipped to Japanese main ...
Tags: aluminum, Japanese market
Russia's Rusal -- the world's largest aluminum producer -- has offered to Japanese buyers, a premium of $405/mt to London Metal Exchange cash, CIF Japan, for third quarter shipments to Japan, market sources said Thursday. The company had ...
Tags: Aluminum, aluminum producer
Russia's Rusal produced 883,000 mt of aluminum in the first quarter of 2014, down 12.3% year on year, mainly due to output cuts and mothballed production at certain smelters in Europe and the Urals, the company said Tuesday. Value added ...
Even as one-fifth of the nation's electrolytic aluminum capacity lies idle, producers are adding new facilities - a combination that will mean a glut of the metal next year and falling prices, industry experts said on Tuesday. "China is ...
It’s reported that Brazilian aluminum producer Alloys & Metals Reciclagem de Metais plans to save its cost at its operations in Para State by building a plant. The plant mainly works for reprocessing liquid metal. Alloys & Metals ...
Vale announced Monday that it plans to sell as much as 407 million shares (an approximate 22 percent stake) of Oslo, Norway-based aluminum producer Norsk Hydro ASA in order to cut costs and boost profits. Norsk Hydro is valued at about ...
Tags: Vale, Aluminum Shares
Brazilian mining group Vale has reduced its stake in Norwegian aluminum producer Norsk Hydro to 2% from 21.6% and may completely offload its holding in the company, Hydro said Tuesday. Vale announced on Monday an offering to sell shares ...
Tags: mining group, Mineral
Reportedly, the world's largest aluminum producer, Rusal Company plans to cut its aluminum output in 2014. It's learned that Rusal will cut its output by 647,504 tons in 2014. In March, 2013, Rusal has planned to cut output by 300,000 tons ...
Tags: Aluminum, Metallurgy, Mineral
US-based aluminum producer Alcoa has started expansion of the operations at its plant in Tennessee with an investment of $275m. The move is expected to meet the growing aluminum demand for auto production, which is forecast to double by ...
Tags: Alcoa, Tennessee Plant
Russian Rusal, the world's largest aluminum producer by output, may delay the start of production at one of its biggest projects, seeking to ease a global glut of the metal. Rusal , led by Russian tycoon Oleg Deripaska, and other big ...
Tags: aluminum producer
Iran produced 119,560 tons of aluminum ingots in the first four months of the current Iranian calendar year, March 21-July 22, marking a 6 percent year-on-year increase, Tehran Times daily reported on Saturday. In the first four months of ...
Tags: Aluminum, Aluminum Ingot, aluminum powder
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 ...
The benchmark S&P/ASX200 index rose 33.2 points, or 0.66 per cent, to 5,036.9 points, and the broader All Ordinaries index was up 32.7 points, or 0.65 per cent, at 5,057.2 points. On the ASX 24, the March share price index futures ...
Tags: Rio Tinto, annual net loss, finance market