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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Chalco reverses losses in aluminum segment in H1 2015
Chalco reversed losses in its aluminum segment in H1 2015, it said during its mid-year conference. The Chinese aluminum giant attributes the surprising result partly to cost reduction and higher production efficiency.
Metal companies to get battered for second consecutive quarter
The earnings performance of metal companies, both ferrous and non-ferrous, is expected to remain lacklustre for the second consecutive quarter because of a decline in steel realisation, increased cost of provisioning for the district mineral foundation fund, and a significant fall in aluminium...
Romanian aluminum producer Alro borrows USD 200 million
Romanian aluminum producer Alro Slatina will get USD 200 million (EUR 179 million) loans from local and international banks. It will borrow USD 60 million from the Black Sea Trade and Development Bank (BSTDB), a financial institution whose shareholders are the 11 countries bordering the Black Sea....
Alumina Ltd benefits from Alcoa boost
Australian company Alumina Ltd says it received $US71 million in income in the first half, while its joint venture partner Alcoa has announced a small quarterly earnings boost. Alumina is a 40 per cent partner in the global aluminium giant's Australian interests and its chief executive Peter Wasow...
Alcoa reports solid second quarter result despite dwindling metal prices
Lightweight metals leader Alcoa has reported solid second quarter 2015 results on July 9, 2015 as the Company’s transformation showed strong progress. Profitability from Alcoa’s growing aerospace and automotive businesses increased year-over-year as mid and downstream investments delivered positive...
Hulamin shares tumble after company flags drop in interim earnings
HULAMIN, the maker of aluminium products, saw its share price drop by over 9% on Tuesday afternoon after the company said it expected interim earnings to drop substantially, as load shedding impacted production. Hulamin said manufacturing output in the first quarter fell sharply due to electricity...
Alba’s Q2 2015 production surges by 3.1% YoY
On the back of a strong operational performance, Aluminium Bahrain B.S.C (Alba) increased its production figures in the second quarter of 2015 by 3.1% Year- on-Year (YoY) to reach 238,904 metric tonnes (mt) (versus 231,713 mt in Q2 2014), while its sales figures touched 232,193 mt for the same...
Noranda engages Morgan Stanley as Financial Advisor
Noranda Aluminum Holding Corporation announced today that it has engaged Morgan Stanley & Co. LLC ("Morgan Stanley") to serve as financial advisor for the Company as it evaluates a variety of strategic alternatives. The Company also announced that its Board of Directors has decided to suspend the...
LIC hikes stake in Hindalco to over 13%
Aditya Birla-led Hindalco today said insurance giant LIC has raised its stake in the aluminium maker to over 13 per cent. In a BSE filing, Hindalco said LIC acquired 2.009 per cent stake in the firm through open market transaction between April 16 and June 17, 2015. After the transaction, the...
Romanian aluminum producer wants USD 207 mln loans
Romanian aluminum producer Alro Slatina is currently looking for over USD 207 million in financing. The biggest of these is a USD 120 million revolving credit facility to refinance a loan that it received from the European Bank for Reconstruction and Development (EBRD) in 2010. Alro has...
Shree Narmada Aluminium Industries standalone net profit rises 122.92% in the March 2015 quarter
Net profit of Shree Narmada Aluminium Industries rose 122.92% to INR 1.07 crore in the quarter ended March 2015 as against INR 0.48 crore during the previous quarter ended March 2014. Sales declined 88.89% to INR 0.10 crore in the quarter ended March 2015 as against INR 0.90 crore during the...
Hind Aluminium declares financial results
Hind Aluminium reported its results showing a rise in net profit by 778.26% to INR 4.04 crore in the quarter ended in March 2015 rising from INR 0.46 crore reported for the same period in 2014. Total standalone income from operations was reported to be INR 154.22 crore for the March quarter of 2015...
Inalum praised for doubling profits
The Indonesian Resources Studies (Iress) praised on Sunday the performance of state-owned aluminum producer PT Indonesia Asahan Aluminium (Inalum) for doubling its April-December 2014 profits from the same period of the previous fiscal year. “Inalum’s increased net profits show that Indonesians in...
Manaksia Aluminium Company reports standalone net loss of INR 2.75 crore in the March 2015 quarter
Sales decline 36.38% to INR 56.39 crore Net loss of Manaksia Aluminium Company reported to INR 2.75 crore in the quarter ended March 2015 as against net profit of INR 0.16 crore during the previous quarter ended March 2014. Sales declined 36.38% to INR 56.39 crore in the quarter ended March 2015 as...
Parth Aluminium reports standalone net profit of INR 0.03 crore in the March 2015 quarter
Net profit of Parth Aluminium reported to INR 0.03 crore in the quarter ended March 2015 as against net loss of INR 0.02 crore during the previous quarter ended March 2014. Sales remain constant at INR 0.03 crore in the quarter ended March 2015 and also during the previous quarter ended March 2014....
Nalco Q4 net more than doubles at INR 355 crore
State-run National Aluminium Company (Nalco) on Saturday reported a more than doubling of its net profit of INR354.87 crore for the fourth quarter ended March on the back of an exceptional gain as against INR172.45 crore in the same quarter a year ago. New Delhi, May 30 (IANS) State-run National...
Hindalco’s Q4 profit declines 36% to INR 159.53 crore
Aditya Birla Group’s flagship company Hindalco Industries Ltd on Thursday reported a 35.7% decline in its stand-alone net profit for the March quarter, thanks to higher power and fuel, and finance costs, and weaker prices in the international markets . Net profit was at INR.159.53 crore as compared...
Maan Aluminium standalone net profit declines 41.67% in the March 2015 quarter
Sales rise 34.23% to INR 37.25 crore Net profit of Maan Aluminium declined 41.67% to INR 0.07 crore in the quarter ended March 2015 as against INR 0.12 crore during the previous quarter ended March 2014. Sales rose 34.23% to INR 37.25 crore in the quarter ended March 2015 as against INR 27.75 crore...
