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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Angel Broking is bearish on NALCO
Angel Broking is bearish on National Aluminium Company and has recommended reduce rating on the stock with a target of Rs 48 in its August 17, 2012 research report. "National Aluminium Co Ltd (Nalco)’s profitability in For 1QFY2013, was above our expectations. However, we recommend a Reduce rating...
Nirmal Bang recommends sell rating for NALCO stocks
Nirmal Bang is bearish on National Aluminium Company (NALCO) and has recommended sell rating on the stock with a target of Rs 49 in its August 16, 2012 research report. “National Aluminium Company (NALCO) reported stable 1QFY13 results, with EBITDA being 6% and 3% above our/consensus estimates and...
Novelis profits hit by lower scrap prices
Global aluminium producer Novelis has reported lower earnings for the first quarter of its 2012/13 fiscal year due to decreased volumes and lower scrap benefits year-on-year. Its EBITDA was $259 million for the quarter up to 30 June down 15 per cent year on year from $306 million reported in the...
Chalco Swings to Net Loss
Aluminum Corp. of China Ltd., also known as Chalco, said Friday it swung to a net loss for the first half of the year, as falling aluminum prices, a slowing domestic economy and higher expenses took their toll. The unaudited result, included in an interim earnings briefing to the Shanghai Stock...
Novelis compensates for Hindalco's domestic losses
Hindalco Industries Ltd’s domestic operations struggled in the aftermath of lower metal volumes and prices, even as costs headed north. The only spot of good news is that Novelis Inc., its international subsidiary, is doing well as rising conversion premiums for its value-added aluminium products...
China XinRen Aluminum reports 97% fall in Q2 profit
China's XinRen Aluminum Holdings Wednesday posted a net profit of Yuan 4.9 million ($771,872) for the second quarter of 2012 ended June 30, which represented a sharp fall of 96.8% from the profit of Yuan 150.7 million recorded for Q2 2011. For the first half of the year, however, the company posted...
Global Alumina Releases Second 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 (the "Project"), announced today its financial and operating results for the three and six month periods...
Noranda Aluminum Shares Climbed 1.3% Higher in Past 2 Weeks
Two weeks ago on July 25th, 2012 Noranda Aluminum (NYSE:NOR) reported earnings and analysts, on average, expected earnings of $0.09 on sales of $355.4 million. The company actually reported EPS of $0.11 on sales of $371.7 million, beating EPS estimates by $0.02 and beating revenue estimates by...
NALCO's 1st quarter profit expected to fall by 38%
National Aluminium Company (NALCO) is set to declare its results for the quarter ended June 2012 on Tuesday. Analysts on an average expect the profit after tax to fall by 38% year-on-year and 17% quarter-on-quarter to Rs 234.3 crore. Net sales are expected to be flat at Rs 1,740 crore during the...
Rio casts doubt on its Gove alumina refinery's future
Rio Tinto has fingered its Gove alumina refinery in northeast Arnhem Land in the Northern Territory as the worst performer among its ailing aluminium interests, raising questions about the future of the remote operation in the absence of a sustained improvement in prices for its intermediate...
Xinren Aluminum Holdings expects lower revenue for H1
Xinren Aluminum Holdings expects its overall revenues and earnings to be significantly lower for the first half of 2012, compared to the previous year. In a stock exchange filing, Xinren said that was due to the challenging global economic conditions, as well as the overall decrease in the average...
Mytilineos hit by low aluminium price
Mytilineos Holding is scheduled to show a mixed picture as it announces its 2Q results on Wednesday. A significant contribution is expected from the electricity division on the commercial operation of two CCGT power plants as well as a satisfactory performance by Metka. On the other hand, Aluminium...
Noranda Aluminum is down 3.7% since reporting Quarterly Results
A week ago on July 25th, 2012 Noranda Aluminum (NYSE:NOR) reported earnings and analysts, on average, expected earnings of $0.09 on sales of $355.4 million. The company actually reported EPS of $0.11 on sales of $371.7 million, beating EPS estimates by $0.02 and beating revenue estimates by $16.3...
Rio’s first-half profit drops 22%
Rio Tinto Group (RIO), the world’s third- largest mining company, said first-half profit dropped 22 percent after prices for iron ore, copper and aluminum fell and costs gained. Net income declined to $5.9 billion from $7.6 billion a year earlier, London-based Rio said today in a statement. That...
Kaiser Aluminum shares perform excellent
Shares of Kaiser Aluminum Corp (KALU) are up more than 15% so far in 2012. However, KALU's performance so far in 2012 is very impressive relative to its peers. Other leading Aluminum companies such as Alcoa (AA), Century Aluminum Co (CENX), Alumina Ltd (AWC), and Aluminum Corp of China (ACH) are...
Aleris to Announce 2012 Second Quarter Earnings
Aleris will announce second quarter 2012 earnings on Thursday, August 2, 2012. The Company will host a conference call that day at 9 a.m. Eastern Time to discuss earnings results. The call can be accessed by dialing 1-877-398-9483 or 1-760-298-5072 (for international callers) -- and referencing ID...
AMAG expects good earning despite low aluminium price
Austrian metals group AMAG said solid orders at its casting and rolling divisions should help it report satisfactory second-half results, despite lower aluminium prices that hit earnings in the first half. AMAG said on Friday first-half earnings before interest, tax, depreciation and amortisation...
Bauxite Resources Limited provides the June 2012 Quarterly Activities and Cashflow Reports
Bauxite Resources Limited provides the June 2012 Quarterly Activities and Cashflow Reports. The key points of the report are: - JORC Bauxite resources increased by 172% to 139.5Mt - New 73 Mt Felicitas bauxite resource announced - May 2012 - New 15 Mt Ceres bauxite resource announced - July 2012 -...
