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Aluminum Prices Will Weigh On Alcoa's Q4 Earning Results
07 JAN 20132MINS

Aluminum Prices Will Weigh On Alcoa's Q4 Earning Results

Alcoa will kick off this quarter’s earnings season when it announces its Q4 results after the market closes on Tuesday, January 8. Alcoa’s results are closely eyed as it usually is the first Dow company to post earnings. We expect the company to record soft earnings, but most investors will watch...

Kaiser Aluminum shares come up to Neutral
01 JAN 20131MINS

Kaiser Aluminum shares come up to Neutral

Zacks cut shares of Kaiser Aluminum from an outperform rating to a neutral rating in a research report sent to investors on Monday morning. The firm currently has $63.80 price target on the stock. Shares of Kaiser Aluminum traded up 1.36% during mid-day trading on Monday, hitting $61.08. Kaiser...

LB Aluminium net profit increased 39%
19 DEC 20122MINS

LB Aluminium net profit increased 39%

Manufacturer and supplier of aluminium extrusion products LB ALUMINIUM BHD said that its net profit for the second quarter (2Q) ended Oct 31, 2012 increased by RM884,000 or 39.4% to RM3.13 million. In an announcement to Bursa Malaysia, LB Aluminium's revenue increased by RM2.85 million or 3.1% to...

JW Aluminum Hosts Investor Conference Call
17 DEC 20121MINS

JW Aluminum Hosts Investor Conference Call

JW Aluminum Company announced today that it has posted its quarterly report for the third quarter ended September 30, 2012 on JW Aluminum’s secure investor website at 5:00 PM Eastern Time on Wednesday, December 12, 2012. The quarterly report is being furnished pursuant to the Indenture governing JW...

Hindalco shines in BSE
09 DEC 20122MINS

Hindalco shines in BSE

On BSE, 6.53 lakh shares were traded in the counter as against average daily volume of 11.94 lakh shares in the past one quarter. The stock hit a high of Rs 139.90 and a low of Rs 136.90 so far during the day. The stock had hit a record high of Rs 251.90 on 6 January 2011 and a 52-week low of Rs...

Century Aluminum Earnings  Down 9.7% in the Last 16 Days
19 NOV 20122MINS

Century Aluminum Earnings Down 9.7% in the Last 16 Days

When Century Aluminum reported earnings 16 days ago on November 1st, 2012, analysts, on average, expected the company to report a loss of $0.27 on sales of $295.7 million. The company actually reported a loss of $0.11 per share on sales of $304.6 million, beating EPS estimates by $0.16 and beating...

Rusal’s Nine-Month Profit Falls 91%
14 NOV 20121MINS

Rusal’s Nine-Month Profit Falls 91%

Rusal, the world's biggest aluminum producer, posted a 91 percent fall in its nine-month IFRS net profit to $143 million as a result of falling prices, the company said in its earnings statement on Monday. The figure was below a consensus forecast of analysts polled by RIA Novosti who expected the...

Global Alumina Releases Third Quarter 2012 Results
14 NOV 20124MINS

Global Alumina Releases Third Quarter 2012 Results

Global Alumina Corporation, a corporation participating in a joint venture to develop an alumina refinery, mine and associated infrastructure in the bauxite-rich region of the Republic of Guinea, announced today its financial and operating results for the three and nine month periods ended...

Vedanta's profit up 49% to USD 2.56 bn in Apr-Sep
08 NOV 20123MINS

Vedanta's profit up 49% to USD 2.56 bn in Apr-Sep

India-focused mining conglomerate Vedanta Resources today reported 49 per cent growth in its core profits to USD 2.562 billion for the half year ended September 30, 2012, buoyed by earnings from subsidiary Cairn India. The company had reported USD 1.721 billion core profits or EBITDA (earnings...

Nalco disinvestment deferred on valuation concerns; govt plans to sell equity in HAL instead
08 NOV 20122MINS

Nalco disinvestment deferred on valuation concerns; govt plans to sell equity in HAL instead

The government has deferred stake sale in state-run aluminium company Nalco after its poor second-quarter performance raised valuation concerns, but it now plans to sell equity in Hindustan Aeronautics. "Nalco disinvestment will happen next quarter (January-March quarter). It is deferred for now....

Novelis Reports Second Quarter Results
07 NOV 20123MINS

Novelis Reports Second Quarter Results

Novelis, the global leader in aluminum recycling and rolling, today reported net income attributable to its common shareholder of $49 million for the second quarter of fiscal 2013. Excluding tax-effected special items in both periods, net income for the second quarter of 2013 was $62 million,...

Hindalco Q2 sales seen up 4.3%
06 NOV 20123MINS

Hindalco Q2 sales seen up 4.3%

Aluminium major Hindalco Industries ' profit after tax is expected to go down by 24 percent year-on-year and 10 percent quarter-on-quarter to Rs 382 crore in the July-September quarter of current financial year. Sales are seen going up by 4.3 percent YoY and 8.8 percent QoQ to Rs 6,490 crore during...

Aleris International reports higher third-quarter earnings
06 NOV 20122MINS

Aleris International reports higher third-quarter earnings

Aleris International Inc. has reported improved third-quarter earnings despite lower sales compared to a year earlier. The producer of rolled aluminum products and aluminum recycler said its net income in the quarter rose 18%, to $33 million from $28 million. Sales at Aleris fell 13%, to $1.08...

Novelis to Host Second Quarter Earnings Conference Call on November 6
05 NOV 20121MINS

Novelis to Host Second Quarter Earnings Conference Call on November 6

Novelis Inc. will report its earnings for the second quarter of fiscal year 2013 on Tuesday, November 6, 2012, two days earlier than previously announced. Following the release, President and Chief Executive Officer Philip Martens and Chief Financial Officer Steve Fisher will discuss the results...

Century Aluminum reports its third quarter earnings on 1st Nov.
05 NOV 20122MINS

Century Aluminum reports its third quarter earnings on 1st Nov.

Century Aluminum reported its third quarter earnings on 1st Nov. For the quarter ended Sep. 30 (Q3), Century Aluminum beat expectations on revenues and missed expectations on earnings per share. Compared to the prior-year quarter, revenue dropped and GAAP loss per share expanded. Margins dropped...

ALBA 3rd Quarter sales reach $457 million
05 NOV 20122MINS

ALBA 3rd Quarter sales reach $457 million

The Bahrain Aluminum BSC Company (ALBA) has announced its sales during the 3rd Quarter (3Q) of this year have reached USD 457 million, meanwhile its profits before deduction of interest, taxation, depreciation and bad debts has reached USD 35 million as a result of decreased prices of aluminum in...

Century Aluminum reports $12M loss in third quarter
02 NOV 20122MINS

Century Aluminum reports $12M loss in third quarter

Century Aluminum announced Nov. 1 a net loss of $12 million for the third quarter of 2012, according to a news release from the company. Financial results were positively impacted by a net benefit of $4.1 million related to certain litigation items, according to the news release. The news release...

Japan aluminum diecaster Aisin's H1 sales surge 27%
31 OCT 20122MINS

Japan aluminum diecaster Aisin's H1 sales surge 27%

Japan's largest aluminum diecaster Aisin Seiki Wednesday posted consolidated sales revenue of Yen 1.3 billion ($16 million) for the six months to September 30, up 27.1% year on year. The company kept its full year sales forecast unchanged at Yen 2.5 billion, but revised down its full year net...