Norsk Hydro shares gain 14% M-o-M: Aluminium demand, Q2 results draw investor focus
Leading recycled aluminium producer Norsk Hydro stock is attracting investor attention as its second-quarter (Q2) performance, aluminium prices and market outlook shape sentiment around the company. Hydro reported strong Q2 2026 profitability , backed by higher aluminium prices, product premiums...
Chuangxin Industries H1’26: Profit jumps 166%, driven by aluminium prices, green power
Chuangxin Industries Holdings Limited recorded a robust financial performance in the first half (H1) of 2026, with revenue rising 32.4 per cent year-on-year to RMB 11.53 billion (USD 1.71 billion) and net profit jumping 166.1 per cent to RMB 2.32 billion (USD 344.19 million). The Chinese aluminium...
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Kaiser Aluminum Lowered to Neutral
Kaiser Aluminum was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Wednesday. They currently have a $68.00 price target on the stock. Separately, analysts at Sterne Agee initiated coverage on shares of Kaiser Aluminum in a research note to...
Hulamin earnings rise to R64m despite volatile market conditions
Aluminium manufacturer Hulamin achieved a 19% increase in headline earnings to R64-million for the year ended December 31, 2012, from R54-million in 2011, during what CEO Richard Jacob described as an “up and down” year. “With rand aluminium prices remaining fairly stable, the metal price...
Alumina Limited reports 13% drop in revenues for FY2012
Australia-based bauxite mining company Alumina Limited has reported a net loss of $62.1m for the full year 2012, reversing the previous year profits of $126.6m. The miner also reported a 13% drop in revenues to $5.8bn from its subsidiary Alcoa World Alumina and Chemicals (AWAC), as against revenues...
Alumina Limited Stock Rating Upgraded to neutral
Credit Suisse upgraded shares of Alumina Limited to a neutral rating in a report issued on Friday. Separately, analysts at Goldman Sachs downgraded shares of Alumina Limited from a neutral rating to a sell rating in a research note to investors on Thursday, January 17th. Four equities research...
Alumina Limited sits tight on dividend payments
Alumina is holding off paying dividends despite recent price improvements and the post-balance-date equity injection of $452 million from China's state-owned Citic. There was no surprise on the dividend decision as sharply lower alumina and aluminium prices plus the revenue-sapping effects of the...
Noranda Aluminum Holding PT Lowered to $7.00
Noranda Aluminum Holding had its target price trimmed by Barclays Capital from $8.00 to $7.00 in a report issued on Thursday. They currently have an equal weight rating on the stock. Separately, analysts at Zacks downgraded shares of Noranda Aluminum Holding from a neutral rating to an underperform...
Alumina's full year losses widen
Alumina'a full year net losses have blown out and the troubled aluminium producer is bracing itself for more uncertainty ahead. The group's net loss for the 12 months to December 31 tripled to $US152.9 million from $US47.3 million ($148.42 million from $45.91 million) in 2011. Foreign exchange...
Century Aluminum loss narrows on lower costs
Century Aluminum Co reported a smaller quarterly loss on Thursday as its costs fell and said it saw a modest improvement in market conditions. The Monterey, California-based company, which operates aluminum plants in the United States and Iceland, said China's economy seems to have, at minimum,...
Alumina reports loss for 2012
Aluminium major Alumina has reported a net loss after tax of $62.1-million for the full 2012, compared with a net profit of $126.6-million last year, as aluminium prices declined. Revenue for the period was also down to some $5.8-billion, compared with the $6.6-billion reported in the previous...
Alumina, nickel hit BHP profit
BHP's aluminium and nickel division recorded a widening loss of $US285 million in underlying earnings before interest and tax in the half - down from a $US66 million loss a year earlier - the worst performance of any division. Further, impairments of $US1.5 billion after tax against the Worsley...
Noranda Aluminum drops 82.7% in the fourth quarter
Franklin-based Noranda Aluminum Holding Corp.'s earnings were down 82.7 percent in the fourth quarter compared to a year ago, according to the company's latest earnings report. Earnings were $4.2 million, or 6 cents per basic share, on revenue of $332.9 million. Analysts, on average, had estimated...
Kaiser Aluminum dips in the fourth quarter
Foothill Ranch-based Kaiser Aluminum Corp. missed expectations on revenue and profits in the fourth quarter, when it saw dampened demand from the automotive and general engineering sectors. The company's shares were down about 5% in early trading today, to a market value of about $1.18 billion....
Kaiser Aluminium announces record earnings
California-based Kaiser Aluminum has reported net income of $86 million for the year ended December 31, 2012 compared to $25 million for the ear ended December 31, 2011. Adjusted net income was $74 million for the full year 2012, up 76% compared with $42 million for 2011. Value added revenue was...
Novelis reports net income of $8 million for the third quarter of fiscal 2013
Atlanta, Georgia-based Novelis Inc, a world-leading producer of rolled aluminum products, has reported net income attributable to its common shareholder of $3 million for the third quarter of fiscal 2013. Excluding tax-effected restructuring in both periods, net income for the period was $8...
Aluminium Bahrain reports decline in profit due to lower price
Aluminium Bahrain (Alba), which owns the world's fourth-largest aluminium smelter, posted a 54.4 per cent slump in last year profits yesterday, citing lower prices for the decline. Alba reported net profit of US$256 million (Dh940.3m) for 2012, down from $562.1m in 2011, according to a bourse...
Rio Tinto reports 47 percent plunge in half-year underlying profit
World no.3 miner Rio Tinto reported a 47 percent plunge in half-year underlying profit on Thursday, its worst since 2009 due to sharp falls in commodity prices, although its new chief pointed to a pick-up in China as a positive sign. Chief Executive Sam Walsh was anointed last month when his...
Alba Reports 2012 Results
Alba's sales for the full-year of 2012 were US$ 1,978 million, a decline of 16% on the back of low LME prices versus US$ 2,349 million in 2011. The company has registered a Net Income for 2012 of US$ 257 million vs. US$ 564 million in 2011 which is a drop of 54% YoY driven by lower LME prices and...
Hindalco net declines 4% to Rs 434 cr
Aditya Birla’s flagship company, Hindalco Industries, reported a four per cent drop in net profit for the third quarter ended December 31. Its standalone profit stood at Rs 434 crore against Rs 451 crore in the corresponding quarter last year. However, there has been an exceptional item of Rs 144...
