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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Nalco pays final dividend to shareholders
Navaratna PSU National Aluminium Company Limited (NALCO) has declared a total dividend of Rs 257.72 crore for 2011-12, which includes Central government's share of Rs 224.60 crore. Centre holds 87.15 per cent shares of NALCO. The remaining shares are held by 55,286 shareholders including banks,...
Alcoa struggles with Profit drains
Alcoa Inc., which kicks off the earnings season Tuesday, is expected to barely eke out a profit of a penny per share, setting the stage for a disappointing round of quarterly reports. The world's largest aluminum maker, which feeds into many parts of the economy, from beverage cans to buildings,...
Alcom Shares rebounded to 83 sen on 12th Sept
Shares of Aluminium Company of Malaysia Bhd (Alcom), rebounded to end the morning session on Wednesday unchanged at 83 sen, after falling as much as 32.5% to 56 sen. At midday, there were 15,000 shares done at price ranging 56 sen to 83 sen. Alcom's revenue declined 2.3% to RM75.8mil in the first...
3rd Quarter Profit of Quanex Building Products dropped 83 pct
Housing materials maker Quanex Building Products Corp.'s on Tuesday said its fiscal third-quarter net income dropped 83 percent, as revenue declined on weaker results from its aluminum sheet products unit. The company earned $1.5 million, or 4 cents per share, for the three months ended July 31....
Rio Tinto to undergo another impairment due to Alcan division
Despite efforts to put the ill-fated 2007 acquisition of Alcan behind it, the continued weakness in aluminum prices hints at yet another hefty impairment this year for Rio Tinto. The Anglo-Australian company will look at the carrying value and goodwill of all its businesses ahead of the release of...
BHP Billiton Annual Alumina Production Increases 4% In 2012
BHP Billiton came out with its annual report recently showing that the record annual production at the Alumar refinery, Brazil, contributed to a 4% increase in total alumina production in FY2012. Metal production was lower as potline capacity at Hillside in South Africa was temporarily curtailed...
Nanshan Aluminium Net Profit Declines by 18.51% in the First Half of 2012
According to Nanshan Aluminium, the company achieved 740093.73 RMB operating revenue in the first half of 2012, up by 22.99% compared with last year. The net profit which was attributable to listed company’s shareholders reached 38882.17 RMB, declined by 18.51% YoY. In the second half of 2012,...
Noranda Aluminum on credit watch with negative implications
Ratings Agency Standard & Poor's said Thursday it was putting Noranda Aluminum on credit watch with negative implications, pending a review to be completed in several weeks. S&P like Platts, is a division of the McGraw Hill Companies. Noranda was increasingly likely to fall short of its previous...
Stockbrokers in Nigeria Seek Proper Financial Reporting Standards
First Aluminium Nigeria Plc failed to present its financial results for 2012 (first and second quarter results) during the company’s presentation of facts behind the figures held at NSE Wednesday. Stockbrokers who were present at the occasion lamented the lack of financial statements from the...
Shree Narmada board meeting on August 30, 2012
Shree Narmada Aluminium Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 30, 2012, inter alia, to transact the following business:1. To discuss Audited Statement of Account of the Company for the year ended March 31, 2012.2. To approve...
Alcom sets to sustain recovery
Aluminium Company of Malaysia Bhd (Alcom) says it will be able to sustain its recovery after being hit by soft demand for its products globally last year. The company has been affected by the US and eurozone economic crisis, regional impact of the earthquake in Japan, political crisis in the Middle...
Net Profit of Nanshan Aluminium Declines by 18.51% in the First Half of 2012
According to Nanshan Aluminium, the company achieved 740093.73 RMB operating revenue in the first half of 2012, up by 22.99% compared with last year. The net profit which was attributable to listed company’s shareholders reached 38882.17 RMB, declined by 18.51% YoY. In the second half of 2012,...
Australian Bauxite Limited publishes Half Yearly Report
Australian Bauxite Limited is an emerging bauxite exploration and development company, which listed on the Australian Securities Exchange on 24 December 2009 with the ASX Code ABZ. This Review of Operations covers the period to 30 June 2012. As at 30 June 2012, the Company through its wholly owned...
Chalco reports $513 mn loss during H1
The Aluminum Corporation of China Limited (Chalco), one of biggest companies in the country, reported a loss of 3. 25 billion yuan (over USD 513 million) for the first six months of the year. The figure is in sharp contrast to the 413 million yuan profits during the same period last year, the...
Indian Aluminum Producers optimistic about 2013
Despite a decline in profits for the first quarter reported by India’s state-run National Aluminum Company Ltd (Nalco), aluminum producers here remain optimistic about the sector. Most of this sentiment is based on the likely positive demand from the automobile and power sectors which are expected...
Noranda Aluminum Has Returned 41.0% Since SmarTrend Recommendation in March
SmarTrend identified a Downtrend for Noranda Aluminum (NYSE:NOR) on March 8th, 2012 at $10.98. In approximately 6 months, Noranda Aluminum has returned 40.98% as of today's recent price of $6.48. Over the past year, Noranda Aluminum has traded in a range of $5.90 to $13.18 and is now at $6.48, 10%...
Zhongwang's profits surge in first half of 2012
China Zhongwang Holdings Limited, the second-largest industrial aluminum extrusion product manufacturer in the world, realized a net profit of 1.04 billion yuan ($165 million) in the first half, representing a 152 percent growth year-on-year, the company said on Wednesday. The company's revenue...
Nirmal Bang updates on Hindalco Industries
Hindalco Industries' 1QFY13 EBITDA were 36%/38% below our/street estimates, respectively, on lower copper and aluminium production due to planned plant shutdown and temporary disruption, respectively. PAT was just 10%/17% below our/street estimates, respectively, primarily due to a significant jump...
