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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S&P Ratings Services raise Reliance Steel & Aluminum to 'BBB'
On July 31, 2012, Standard & Poor's Ratings Services raised its ratings, including its corporate credit and senior unsecured debt ratings, on Los Angeles-based Reliance Steel & Aluminum Co. to 'BBB' from 'BBB-.' The rating outlook is stable. Here is an overview from the Standard & Poor's Ratings...
Hulamin faces loss due to mill failure
HULAMIN , a maker of rolled and extruded aluminium products, reported a "normalised" headline earnings loss of R8m for the six months to the end of June, from a R45m profit over the same period last year. This came after one of SA’s largest beneficiated metals producers lost about 25000 tons of...
NALCO to announce Q1 results on Aug 14, 2012
A meeting of the Committee of Directors of National Aluminium Company Ltd for consideration of unaudited financial results is scheduled to be held on August 14, 2012 to take on record the Unaudited Financial Results for the quarter ended June 30, 2012. The National Aluminium Company Ltd stock was...
Angel Broking updates on Sterlite Industries' first quarter results
Sterlite Industries' (Sterlite) 1QFY2013 net profit was higher-than expected mainly due to lower-than-expected tax rate. We recommend Accumulate rating on the stock. Top-line growth driven by copper and power segments: For 1QFY2013, Sterlite reported consolidated net sales growth of 7.8% yoy to...
Aluminium Bahrain second quarter profit dropped due to lower prices
Aluminium Bahrain (Alba) said its second quarter net profit dropped by almost half to 35.6 million Bahraini dinars ($95 million) on lower metal prices and higher gas costs. Aluminium prices on the London Metal Exchange dipped close to $600 a tonne when compared with the same period last year,...
Noranda Aluminum profit beats Street due to high demand
Noranda Aluminum Holding Co reported second-quarter results that beat analysts' estimates as higher shipments of aluminum and flat-rolled products offset lower prices. Aluminum prices on the London Metal Exchange dropped about 20 percent in the second quarter due to high inventories, prompting Wall...
Kaiser Aluminum second-quarter results beat market expectations
Specialty aluminum products Kaiser Aluminum Corp's second-quarter results beat market expectations on strong demand from the aerospace and automotive sectors. Net income rose to $21 million, or $1.09 per share, from $4 million, or 21 cents per share, a year earlier. Excluding items, the company...
Century Aluminum posts second quarter loss
Century Aluminum Co swung to a second-quarter loss as lower aluminum prices offset rise in shipments. Net loss was $12.3 million, or 14 cents a share, compared with a net profit of $24 million, or 24 cents a share, the company said. Revenue fell 12 percent to $323.6 million. Shipments of primary...
Hydro's 2012 second quarter earning falls due to weak market
Hydro's underlying earnings before financial items and tax amounted to NOK 549 million in the second quarter, compared with NOK 557 million in the previous quarter. As Hydro reported, the weak quarterly results reflect low aluminium prices and a challenging macro-economic environment, while...
Hulamin headline earnings to fall in the 1st half of the year
JSE-listed aluminium products producer Hulamin on Tuesday reported that its headline earnings were expected to be between R54-million and R59-million for the six months ended June 30, compared with R71-million in the corresponding period of 2011. “Operational performance and production volumes were...
Noranda Aluminum Holding PT Lowered to $11.00
Investment analysts at Citigroup dropped their target price on shares of Noranda Aluminum Holding to $11.00 in a note issued to investors on Monday. The analysts wrote, “We estimate 2Q EPS of $0.10 vs the consensus of $0.10 on revenues of $363 mln and EBITDA of $43 mln. We have updated our longer...
Citigroup Lowers Alumina Limited to "Sell" rating
Alumina Limited was downgraded by research analysts at Citigroup from a “neutral” rating to a “sell” rating in a report released on Monday. Shares of Alumina Limited opened at 2.78 on Monday. Alumina Limited has a 52 week low of $2.72 and a 52 week high of $9.87. The company has a market cap of...
Kaiser Aluminum Announces Quarterly Dividend Payment
Kaiser Aluminum Corporation (Nasdaq:KALU) today announced that its Board of Directors has declared a quarterly cash dividend payment of $0.25 per share on the Company's outstanding common stock. The dividend will be payable on August 15, 2012 to shareholders of record as of the close of business on...
Alcoa results dent market confidence
While Alcoa Inc. (US:AA) kicked off the latest earnings season with an unexpectedly small loss, it did little to calm analysts’ concerns that slumping commodity prices mirror a weak economy and could further erode investor confidence. Aluminum producer Alcoa, as the first of the 30 Dow Jones...
Toronto stock market fell about one per cent
The Toronto stock market fell about one per cent Tuesday as further indications of a slowing Chinese economy helped extinguish early optimism arising from a better than expected earnings report from U.S. aluminum giant Alcoa Inc. The S&P/TSX composite index dropped 122.45 points to 11,512.22 its...
Dahlman Rose lowers price target for Alcoa
Investment bank Dahlman Rose said Tuesday it had lowered its price target on major US aluminum producer Alcoa to $13 from $14.65/share to reflect lower 2013 LME aluminum price estimates. Dahlman lowered its LME aluminum price estimate for 2012 to $0.91/lb from $1/lb and for 2013 to $1/lb from...
Alcoa confident about aluminium demand
Alcoa Inc.’s executive vice-president and chief financial officer Chuck McLane believes that aluminium prices should be trending up if the fundamentals are any indication. But his firm reported average aluminium realizations in the June quarter to be down by 4% sequentially and by 17.7%...
BMO Capital undergrades Alumina Limited to "Underperform"
Alumina Limited was downgraded by analysts at BMO Capital Markets from a “market perform” rating to an “underperform” rating in a research report issued to clients and investors on Wednesday. AWC has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase...
