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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Bosnia aluminium smelter back to profit in 1H 2011
Bosnia's sole aluminium smelter Aluminij Mostar has returned to profit in the first half of 2011 after posting a loss of nearly 13.4 million Bosnian marka ($9.7 million) in 2010, General Manager Ivo Bradvica said on Friday. Bradvica said in an interview for the company's website that he expected...
Aluar net profit up 62% on stronger aluminium prices
Argentina's sole primary aluminium producer, Aluar has reported a net profit increase of 62% for the year ended June 30 on higher aluminium prices.
Reliance Steel & Aluminum Co. (RS) Shares Cross Below Book Value
In trading on Friday, shares of Reliance Steel & Aluminum Co. (NYSE:RS) crossed below their last reported book value — defined as common shareholder equity per share — of $40.37, changing hands as low as $39.17 per share. Reliance Steel & Aluminum Co. shares are currently trading off about 3.3% on...
Nalco gains on buzz of hiking aluminium prices
National Aluminium Company rose 2.52% to Rs. 65.20 at 10:46 IST on BSE on reports the company has raised aluminium prices by Rs. 2,000 per tonne across all products. State-run aluminium maker National Aluminium Company's (Nalco) net profit surged 32.7% to Rs. 376.84 crore on 34.2% rise in net sales...
CSR Aluminium Business
CSR's Aluminium business has been affected by the recent lower US dollar aluminium price, combined with the consistently high Australian dollar,' the company said. As a result EBIT for Gove Aluminium Finance, 70 per cent owned by CSR, is expected to be in the range of $42 to $45 million for the...
Rusal Agrees $655 Million Credit Line With Gazprombank, $460 Million With Sberbank
United Co. Rusal PLC (0486.HK), the world's biggest aluminium producer, said Monday it had agreed up to $655 million credit line with Gazprombank (GZPR.RS) and a $460 million credit line with OAO Sberbank (SBER.RS), both of which it would spend to refinance its debt to the corresponding banks....
Rusal Seeks to Complete Debt Refinancing Talks in Four Weeks
United Co. Rusal expects to complete debt refinancing talks in about four weeks, allowing the world's largest aluminum maker to start paying dividends for the first time since it listed, said Deputy Chief Executive Officer Oleg Mukhamedshin. "The company is eager to refinance all of its debt by the...
RUSAL Q2 net profit down 70 pct on yr
Russia's United Company RUSAL Plc , the world's top aluminium producer, on Monday reported a sharper than expected 70 percent drop in net profit in the second quarter on non-cash items as cost inflation offset higher prices and output. RUSAL , which competes with U.S. aluminium maker Alcoa Inc ,...
Chinalco H1 Net Profit Reaches 413 Million Yuan
On August 26 night, Chinalco reported its H1 net profit reaches 413 million Yuan, decrease 22.24% YOY. The report shows operating income of Chinalco H1 2011 reaches 65970 million Yuan, increase 10.36% YOY. It mainly because of external sales price rise of main products and increase of external...
Processed Production-Vimetco 1H Aluminum Output +3%
Netherlands-based Vimetco NV (VICO.LN) Friday reported a 6% year-on-year rise in aluminum production in the first half of 2011. The company, which has an annual aluminum production capacity across its assets of 1.1 million tons, reported a 32% year-on-year increase in processed aluminum production,...
Vimetco 1H Aluminum Output +3%, Continues To Monitor Market
Netherlands-based Vimetco NV (VICO.LN) Friday reported a 6% year-on-year rise in aluminum production in the first half of 2011 and said it continues to monitor the market despite improving demand. The company produced 454,000 metric tons of primary aluminum in the first six months of the year, from...
Higher aluminium prices helps boost Vimetco profits
Vimetco, the producer of primary and processed aluminium products, has announced interim financial results for the six months ended 30 June 2011 showing sales for the period were USD 1,382 million (H1 2010: USD 1,100 million), up 25%. The increase was mainly determined by higher aluminium prices,...
Higher aluminium prices helps boost Vimetco profits
Vimetco, the producer of primary and processed aluminium products, has announced interim financial results for the six months ended 30 June 2011 showing sales for the period were USD 1,382 million (H1 2010: USD 1,100 million), up 25%. The increase was mainly determined by higher aluminium prices,...
Glencore reports 58% profit rise
Profits at giant commodities trader Glencore have risen 58% thanks to rising global market prices. The firm, which listed on the London Stock Exchange this year, made $2.7bn in the first half of 2011. Earnings at its industrial division - which invests in metals, energy and agricultural production...
Quanex 3rd-Q Net Drops 12% On Higher Costs, Net Sales Rise
Quanex Building Product Corp.'s (NX) fiscal third-quarter profit fell 12% on higher costs and acquisition-related impacts, masking net sales growth that exceeded analysts' expectations. They are the sellers of aluminum and products like window screens.
Aluminium plant returns to profit
THE largest alumina refinery in Europe, RUSAL Aughinish, last year returned to profit after revenues almost doubled to $496.9 million (€344.9m). Accounts filed to the Companies’ Office by Limerick Refinery Alumina Ltd and subsidiaries, show the company recorded a pre-tax profit of $24.5m in the 12...
BHP Billiton posts record profit
BHP Billiton posted a record US$24bn profit and it forecast strong demand for its commodities. The world's largest miner by market value delivered a net profit result of US$23.64bn – up 85.9% from the year before. BHP said it expected robust demand for commodities in the short and medium term, but...
Noranda Aluminum Holding Corp Stock Downgraded (NOR)
Noranda Aluminum (NYSE:NOR) has been downgraded by TheStreet Ratings from hold to sell. The company's weaknesses can be seen in multiple areas, such as its generally weak debt management, weak operating cash flow and poor profit margins.
