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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Alcoa to benefit from higher aluminum prices
Alcoa Inc. should benefit from slightly higher aluminum prices this year and next year, but analysts disagree how much that will affect profits. After the markets closed Monday, Alcoa reported it slid to a second-quarter loss from a year-ago profit due to weak aluminum prices and hefty quarterly...
Aluminum Bahrain's sales slightly up in first quarter of 2012
Aluminum Bahrain (Alba) said that its global sales were hit as weaker European economy trimmed demand in the first quarter of 2012, Reuters reported. Alba said output grew by 1.7 percent to 443,533 tons during the first quarter from 436,256 tons a year earlier. The company added that sales were...
Rio Tinto's Bluff aluminium smelter reports loss for 2011
Rio Tinto's aluminium smelter at Bluff turned in an operating loss before revaluations of financial instruments of $19.56 million for the year to December 31, close to the previous year's losses despite a 7.2 per cent lift in total revenues to $704.33 million. That increase wasn't enough to offset...
Alba sales flat due to European economic crisis
Aluminium Bahrain's output edged up 1.7 percent in the first half of 2012 but sales were almost flat as weak economic growth in Europe dampened demand in the first quarter, Alba said on Sunday. Production at one of the world's largest aluminium smelters was 443,533 tonnes in the first half of the...
Alcoa Earning Preview does not raise much expectations
The world's biggest aluminum maker Alcoa is set to kick start the much awaited earnings season on July 9. Investors and analysts are keenly watching the earnings season to rekindle interest in the stock market that has witnessed somewhat lukewarm or lackluster trading in the second quarter after a...
Century Sets Date for Second Quarter Earnings Announcement
Century Aluminum Company will report second quarter 2012 earnings on Tuesday, July 24th after the close of market trading. The news release will be issued through Marketwire. The company will hold a follow-up conference call on Tuesday, July 24th at 5:00 p.m. Eastern time. The earnings call will be...
Hindalco shares rising after 38% leap in annual profit
The stock of Hindalco Industries, one of the biggest underperformers from the metals sector so far this year, has risen 3.25% to Rs 119 on the Bombay Stock Exchange so far in trade today, a day after the company announced its consolidated per share earnings rose 38% for the year ended March 2012....
Kaiser Aluminum Ranks the Highest in Terms of Free Cash Flow Per Share
Below are the three companies in the Aluminum industry with the highest free cash flow per share. FCF/share is a valuable metric signaling a company's ability to facilitate growth in the business.Kaiser Aluminum (NASDAQ:KALU) is highest with FCF per share of $1.61. Kaiser Aluminum Corporation...
Alcoa earning estimates cut by Deutsche Bank
Alcoa Inc. saw its earnings estimates slashed Tuesday by Deutsche Bank Securities, which cited lower aluminum prices and production cuts. The downward revision comes two weeks ahead of the Dow component’s scheduled release of second-quarter results on July 9. Deutsche analyst Jorge Beristain wrote...
Hindalco consolidated net profit up by 38%
Hindalco Industries, an Aditya Birla Group company, registered a 38 per cent increase in consolidated net profit at Rs 3,397 crore (Rs 2,456 crore) in FY12. It recorded the highest-ever consolidated revenue of Rs 80,821 crore (Rs 72,202 crore), aided by better product mix and rupee depreciation....
Chinalco Southwest Aluminium Output Value up by 1.87% in May
Chinalco Southwest Aluminium hosted May Economic Analysis meeting on June 13. General Manager Li Fengyi and other company leaders attended the meeting. Southwest Aluminium maintained stable production and management in May. Total Industrial Output Value in May increased by 1.87% on YoY basis....
Hind Aluminium Industries recommends 15% Dividend for 2011-12
The Board of Directors of Hind Aluminium Industries Ltd at its meeting held on June 08, 2012, have recommended a Final Dividend of 15% on the equity shares of the Company for the year ended March 31, 2012. (Previous year @ 15%). The Hind Aluminium Industries Ltd stock was trading at Rs.36, up by...
Ormet Announces $1.1 Million Quarterly Loss
Ormet Corp. posted a $1.1 million net loss for the first three months of 2012, but company officials spent $1.9 million during this time to reline 22 pots at the Primary Aluminum Reduction Plant. As Ormet gears up for the future, the company continues dealing with costs related to the restart of...
Alumina Ltd Dividend Under Threat
The near-term operating environment for Alumina is difficult, as overcapacity is driving down prices, aluminium inventories are at near record levels and capacity closures haven't yet been enough to tighten up the market. In JP Morgan's view this tough near-term outlook for Alumina Ltd should not...
NALCO is charging premium Aluminum Price to cope with losses
In the last couple of months, NALCO has been charging a more than $150 per ton premium on its export tenders. Bagra felt that prices would swing between the $2,100 and $2,300 mark until the end of 2012. Reuters had reported on May 11 that NALCO had sold 12,000 metric tons of aluminum ingots at a...
Quanex Building Products facing loss in its aluminium segment
Quanex Building Products Corp.'s fiscal second-quarter loss widened on lower sales volumes and higher costs in its key aluminum segment. Quanex sells aluminum sheets and homebuilding products like windows and doors. Like others in the industry, it has remained under pressure amid a languid housing...
Chalco suffers loss again
The Aluminium Corporation of China Ltd (Chalco) was in the red for the first three months of the year. In its first quarterly report published by the Shanghai- and Hong Kong-listed company, it warned of potential loss for the first half year, citing low aluminium and high raw material prices....
Ess Dee Aluminium Ltd Board recommends Dividend of Rs.2 for 2011-12
The Board of Directors of Ess Dee Aluminium Ltd at its meeting held on May 29, 2012, have recommended a dividend of Rs. 2/- per equity share of Rs. 10/- each. The Board approved increase in borrowing limits and creation of security on the assets of the Company. The Board at the aforesaid meeting...
