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 share price alert
PINC Research is bearish on National Aluminium Company (NALCO) and has recommended sell rating on the stock with a target of Rs 42 in its February 6, 2012 research report. "NALCO, despite 10% YoY decline in LME aluminium prices to USD2,095/t and 5% YoY fall in aluminium sales volumes, NALCO's...
Tiwai smelter value cut by 30%
The Tiwai Point aluminium smelter is among a group of Rio Tinto assets which has had its valuation cut by more than 30 per cent. The Wall Street Journal reported that Deutsche Bank analysts had valued Pacific Aluminium, the business unit made up of five Australian smelters and Tiwai, at US$4.4...
Hindalco net profit seen to decline 2% at Rs 450 crore
Aditya Birla Group firm Hindalco is likely to report a fall in net profit on account of higher input costs in the third quarter ending December 2011. A sharp depreciation in the rupee is likely to cushion the impact of fall in aluminium prices though. Shares of the company plunged 6% in a flat...
Novelis Q3 net loss at $12 million, sales dip 4%
The leading producer of aluminium rolled products also registered a 4 per cent dip in net sales to $2.5 billion for the December quarter due to lower shipments and a decrease in average aluminium prices, a company statement said. Novelis, a subsidiary of Hindalco Industries, has registered a net...
National Aluminium Profit Falls More Than Expected on Prices
National Aluminium Co. (NACL), India’s biggest state-owned producer, posted a more-than-expected 80 percent decline in third-quarter profit as prices of the metal fell and energy costs surged. Net income fell to 512.2 million rupees ($10.4 million), or 0.2 rupee a share, in the three months ended...
Novelis to Host Third Quarter Fiscal Year 2012 Earnings Conference Call on Wednesday, February 8
Novelis Inc. will report its earnings for the third quarter of fiscal year 2012 on Wednesday, February 8, 2012. Following the release, President and Chief Executive Officer Philip Martens and Chief Financial Officer Steve Fisher will discuss the results via a live web and audio conference call for...
Vedanta profits slip as margins squeezed
Vedanta Resources, the FTSE 100 Indian metals and mining group controlled by Anil Agarwal, saw its profits slip in spite of an increase in revenues as pricing pressures on industrial metals squeezed margins. The company, which in December completed its $8.67bn purchase of a majority stake in oil...
Sterlite Q3 updates
Sterlite Industries reported strong Q3FY12 results at the operating level with: (i) a strong copper business, and (ii) a fall in production cost at Balco, Vedanta Aluminium (VAL) and power business. After repeated increase in the cost of production at VAL and Balco, the company reported a decrease...
Hydro's fourth quarter results affected by impairments
Norsk Hydro ASA will write down the value of certain fixed assets by approximately NOK 1.3 billion, affecting its fourth-quarter 2011 results. The impairments are a result of a weakening in certain markets and low prices, in combination with raw material and currency pressures. Hydro continues to...
Vedanta’s gross profit declines by 4.72% to $848 m
Vedanta Resources today reported a decline of 4.72 per cent in consolidated gross profit at $848.40 million for the quarter ended December 31, 2011, largely due to lower realisations from its aluminium business and Zambian copper operations. In a statement, the company said the gross profit or...
GMDC posts 11% rise in Q3 net
During the third quarter, GMDC’s turnover jumped 7% to Rs384 crore Gujarat Mineral Development Corporation (GMDC) net profit rose 11% to Rs112.46 crore for the quarter ended 31 December 2011, against Rs101.48 crore in the corresponding period a year ago. During the quarter, the company’s turnover...
Vedanta Q3 profit dips, Zambia disappoints
Miner Vedanta Resources posted a 5 percent dip in core profit its December quarter, hit by weaker performances at its aluminium and Zambian copper operations. The India-focused miner said earnings before interest, tax, depreciation and amortisation (EBITDA) came in at $848.4 million for the third...
China's Chalco Expects 2011 Profit Down over 50 Pct
Aluminum Corporation of China Limited (Chalco) said on Monday it estimates profits for 2011 will decrease over 50 percent from the year earlier, in an announcement to the Hong Kong Stock Exchange. Chalco said major reasons for the fall in profits were a sharp drop in the price of aluminum in the...
Noranda Aluminum is Among the Companies in the Aluminum Industry With the Highest 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. Noranda Aluminum (NYSE:NOR) is highest with FCF per share of $4.07. Noranda Aluminum Holding Corp is...
Alcoa to pay 3 cent dividend on common stock
Aluminum maker Alcoa Inc. will pay a regular quarterly dividend on its common stock of 3 cents per share. The company said Friday that its common stock dividend will be payable Feb. 25 to shareholders of record at the close of business Feb. 3. Earlier this month, Alcoa reported its first net...
Sterlite Industries Q3 net down 17% to Rs 913.52 crore
Vedanta group firm Sterlite Industries today reported a decline of a little over 17 per cent in its consolidated net profit to Rs 913.52 crore for the quarter ended December 31. This was largely due to increased costs and a foreign exchange loss of Rs 425.39 crore. The company had reported a net...
BHP hints that earnings expectations may be too high
BHP Billiton has used the platform of its December-half production report to remind the market that its nickel and aluminium divisions are not immune from the squeeze on profits caused by sharp declines in the metals' prices. The subtle warning that the market's earnings expectations for the two...
Aluminum losses expected to curtail Rio Tinto profits from iron ore in 2011
Record iron ore production is expected to boost Rio Tinto's profits for 2011 even though the mining giant signalled Tuesday that its aluminum operations lost money in the second half of last year. The Anglo-Australian miner said it produced a record 65 million tonnes of iron ore in the fourth...
