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Alcasa asks for US$90.4mn in financial aid - Venezuela
19 JAN 20121MINS

Alcasa asks for US$90.4mn in financial aid - Venezuela

Venezuelan state aluminum reducer Alcasa has asked the government for US$90.4mn to cover payroll expenses and the purchase of raw materials, a Sintralcasa union leader told BNamericas. "In addition to covering these payments, the money will make it possible to buy parts to put cells back into...

Kaiser Aluminum Announces Increase in Quarterly Dividend Payment
18 JAN 20123MINS

Kaiser Aluminum Announces Increase in Quarterly Dividend Payment

Kaiser Aluminum Corporation KALU -0.04% 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, representing a four percent increase over the prior quarter's dividend. The Board's decision to authorize...

Century Aluminum Sets Date for Fourth Quarter 2011 Earnings Announcement
17 JAN 20121MINS

Century Aluminum Sets Date for Fourth Quarter 2011 Earnings Announcement

Century Aluminum Company CENX -0.02% will report fourth quarter 2011 earnings on Thursday, February 23rd after the close of market trading. The news release will be issued through Marketwire. The company will hold a follow-up conference call on Thursday, February 23rd at 5:00 p.m. Eastern time. The...

Kaiser Aluminum raises quarterly dividend 4.2%
17 JAN 20121MINS

Kaiser Aluminum raises quarterly dividend 4.2%

Kaiser Aluminum Corp. KALU -0.04% said it would raise its quarterly dividend 4.2% as the maker of specialty aluminum products looks to return value to shareholders. Kaiser Aluminum said the increased payout reflects the board's confidence in the company's financial strength and long-term earnings...

Chalco Attracts Dah Sing Bank Commitment for $300 Million Loan
16 JAN 20121MINS

Chalco Attracts Dah Sing Bank Commitment for $300 Million Loan

Aluminum Corp of China Ltd. (2600)’s $300 million loan received a $30 million commitment from Dah Sing Bank Ltd., according to a person familiar with the matter, who asked not to be identified because the details are private. Australia & New Zealand Banking Group Ltd. has been marketing the loan to...

Alcoa's $191m loss reflects shadow cast over US by euro crisis
12 JAN 20121MINS

Alcoa's $191m loss reflects shadow cast over US by euro crisis

Aluminium giant Alcoa kicked off the latest earnings season for America's biggest companies by reporting its first quarterly loss in more than two years. The $191m (£123m) fourth-quarter loss from Alcoa is the first evidence of the shadow that Europe's debt crisis is casting over the profits of...

Alumina Limited : Alcoa 2011 4th Quarter Results
11 JAN 20123MINS

Alumina Limited : Alcoa 2011 4th Quarter Results

Alumina Limited notes Alcoa Inc's fourth quarter 2011 earnings announcement. Alcoa World Alumina & Chemicals' results for the quarter were impacted by lower aluminium and alumina prices and ongoing cost pressures. Alumina Limited CEO, John Bevan, commented, "The impact of the difficult market...

Buy Alcoa on the dip before earnings
11 JAN 20124MINS

Buy Alcoa on the dip before earnings

Aluminum stock Alcoa announced this week that it will be taking a significant one-time charge from moves to cut smelting capacity. In the short term, this might seem like trouble — but buy-and-hold investors might want to buy in on this dip if they have a long-term horizon for their investments....

Aluminium companies' profits to remain under pressure in Q3: Care Ratings
10 JAN 20122MINS

Aluminium companies' profits to remain under pressure in Q3: Care Ratings

Despite an expected average increase in the global aluminium prices, the profitability of the domestic aluminium producers is likely to remain under pressure in the December quarter, Care Ratings has said in a report. Apart from a rise in raw material prices, increasing cost of power, following the...

Alcoa Report May Offer Bang, Not Bucks
09 JAN 20122MINS

Alcoa Report May Offer Bang, Not Bucks

This earnings season could start with a bang. Unfortunately, it's of the unsettling kind. Traditional season-opener Alcoa reports earnings Monday. And the aluminum company may well kick things off by reporting a fourth-quarter loss. As it is, analysts polled by Thomson Reuters expect Alcoa to...

Alcoa shares could rise 30 percent in 2012: report
09 JAN 20121MINS

Alcoa shares could rise 30 percent in 2012: report

Alcoa Inc (AA.N: Quote) shares could rise by as much as 30 percent in 2012 as weak aluminum prices may have bottomed while demand for the metal remains strong, financial weekly Barron's reported on Sunday. The paper said Alcoa's fourth-quarter results, due to be released after-the-bell on Monday,...

Low aluminum prices dent Alcoa earnings
09 JAN 20121MINS

Low aluminum prices dent Alcoa earnings

Low aluminum prices may sharply eat into the fourth-quarter earnings of Alcoa Inc., the largest U.S.-based producer of the light metal. Analysts say it could report net income of 1 cent a share, down from 21 cents a share a year earlier, or even show a small loss, according to a Bloomberg survey....

 Alcoa leads off earnings season
08 JAN 20126MINS

Alcoa leads off earnings season

The unofficial start of corporate earnings season kicks off on Monday when Alcoa, the largest U.S. producer of aluminum, reports after the bell. Its results follow on the heels of dimming analyst expectations across the stock market. On Sept. 30, analysts projected that fourth-quarter earnings at...

Aluminum slump has Alcoa staring at quarterly loss
08 JAN 20124MINS

Aluminum slump has Alcoa staring at quarterly loss

Alcoa Inc , the largest U.S. aluminum producer, could end up posting a fourth-quarter loss due to a dizzying drop in the metal's price in the last six months as the euro zone debt crisis and an economic slowdown in China hurt demand growth. At least five Wall Street analysts cut earnings estimates...

Aluminum and Alcoa Get Crushed
07 JAN 20124MINS

Aluminum and Alcoa Get Crushed

Falling global prices of aluminum through last year have led analysts to severely cut estimates of Alcoa Inc.’s (NYSE:AA) profit for the fourth quarter, due to be announced on January 9. According to an average of 18 analysts’ opinions by Bloomberg, the company’s net income will fall 96% to 1 cent...

Chinalco improves its profit in 2011
05 JAN 20121MINS

Chinalco improves its profit in 2011

China’s largest aluminium producer Chinalco earned RMB3bn ($476.4M) in profit in the first 11 months of 2011. In 2010, the company had earned a profit of RMB2.7bn. Xiong Weiping, Chinalco general manager said the improved profits were due to the company’s efforts to diversity its business...

Alcoa Earnings Estimates Plunge After Aluminum Drop: Commodities
05 JAN 20125MINS

Alcoa Earnings Estimates Plunge After Aluminum Drop: Commodities

Alcoa Inc. earnings estimates have plunged the most in three years as analysts’ expectations mount that the biggest U.S. aluminum producer may even record a fourth-quarter loss. Net income will tumble 94 percent to 1 cent a share from 21 cents a year earlier, according to the average of 18...

Kaiser Aluminum is Among the Companies in the Aluminum Industry With the Highest Current Ratio (KALU, CENX, NOR)
04 JAN 20121MINS

Kaiser Aluminum is Among the Companies in the Aluminum Industry With the Highest Current Ratio (KALU, CENX, NOR)

Below are the three companies in the Aluminum industry with the highest current ratios. Current ratio is useful to get an idea of how quickly a company can repay its short-term liabilities with its short-term assets. The higher the current ratio, the more capable the company is of paying its...