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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Rising aluminium prices and downstream projects improves Alcoa’s financial status
Alcoa had made a clever move of closing all inefficient smelters and focusing on the more lucrative downstream business of aerospace and automotive to cut losses. But now as the aluminium prices are improving, Alcoa’s aluminium manufacturing sector is also looking up. Alcoa had idled 803,000 metric...
Rusal Aughinish alumina refinery returns to profit with $15.59 pre-tax profit
The largest refinery in Europe, the Rusal Aughinish on the Shannon Estuary announced a pre-tax profit of $15.59 last year recording their return to profits. Ireland’s largest manufacturing site managed this feat by cutting back their defined benefit pension scheme which brought in an exceptional...
Bosnia’s Aluminij smelter signs a repayment deal to ease debt
Aluminij Mostar, Bosnia’s aluminium smelter revealed on Wednesday that they were slowly recovering from their slump after a debt settlement was approved by the regional government with the state-owned power board EPHZHB. The smelter, which is the only one in the Balkan country as well as a top...
Noranda Aluminum Holding Corp. raised to buy at Goldman Sachs
Goldman Sachs upgraded shares of Noranda Aluminum Holding Corp. from a neutral rating to a buy rating in a report released on Friday, TheFlyOnTheWall.com reports. Goldman Sachs currently has $7.00 price objective on the stock, up from their previous price objective of $4.24. Noranda Aluminum...
Nalco jumps on bargain hunting
National Aluminium Company rose 6.94% to INR 64.75 at 11:50 IST on BSE on bargain hunting after the stock fell 8.47% in the preceding three trading sessions to INR 60.55 on 16 September 2014, from a recent high of INR 66.15 on 11 September 2014. Meanwhile, the BSE Sensex was up 98.47 points, or...
Century Aluminum receives “Buy” recommendation
Shares of Century Aluminum have been given a consensus rating of “Buy” by the ten brokerages that are presently covering the stock, American Banking and Market News reports. Two analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The...
API Group PLC announces trading update
API Group plc (LSE: API), the leading manufacturer of specialist foils and packaging materials, is today providing the following update on trading: As indicated in previous statements, the Group's Foils Americas business unit has been impacted by a drop in demand from customers in the metallic...
Century Aluminum upgraded to overweight by Morgan Stanley (CENX)
Morgan Stanley upgraded shares of Century Aluminum from an equal weight rating to an overweight rating in a research report sent to investors on Tuesday morning. The firm currently has $33.00 price target on the stock. “We are upgrading CENX to Overweight and introducing our PT at $33 (up 106% vs....
Nanshan Aluminium announces a 3.23% rise in net profits for H1 2014
Shandong Nanshan Aluminium Co. filed financial report for the first six months of 2014 to the Shanghai Stock Exchange and reported a YOY rise of 3.23% in net profits to 323.37 million yuan ($ 52.46 million) as a result of falling costs, expanding export margins and changes in product portfolio. The...
The Nigerian First Aluminium beats odds to secure 57% rise in profits
The Nigerian roofing sheets manufacturer, First Aluminium plc announced a surge in the profits by 57% in the first half of 2014 despite facing numerous obstacles that are also faced by other members of the industry. The net income for the half year was recorded at N21.32 million from N13.54 million...
China Hongqiao Group Limited reported a 27.5% loss in profits for H1 2014
China Hongqiao Group Limited filed its interim report for the first half of 2014 at the Hong Kong Exchanges and Clearing Limited, reporting 27.5% YOY fall in net profits to 2.04 billion yuan ($0.33 billion) due to falling price of aluminium products. The prime cause behind this decline in net...
Chalco reports a 4.12 billion yuan net loss in the first half of 2014
China’s top aluminium producer, Aluminium Corp. of China Ltd (Chalco) reported a net loss of 4.12 billion yuan ($670.76 million) on Thursday, for the first half of the year. In the same period last year, the net loss was 623.8 million yuan. The losses are caused by overcapacity and weak domestic...
Constellium reports second quarter 2014 financial results
Constellium N.V. today reported results for the second quarter ended June 30, 2014. Highlights of results include: • Shipments up 2% versus prior year • Revenues of €920 million and Adjusted EBITDA of €81 million • Record performance of P&ARP segment • Body-in-White finishing plant breaks ground in...
Jiangsu Asia-Pacific Light Alloy Technology Co. enjoys a 28.98% hike in profits
In the first six months of the year, the Jiangsu Asia-Pacific Light Alloy Technology Co. enjoyed a year-on-year rise in profits by 28.98% amounting to 93.92 million Yuan according to their semi annual financial report. The rise in profits is accounted to an increasing demand in the automobile...
Fujian Minfa Aluminum's H1 profits down 23.67% on falling prices, rising costs
Fujian Minfa Aluminum INC. reported a 23.67% year-on-year fall in profits to 17.83 million yuan ($ 2.89 million) during the first six months of the year due to falling aluminum extrusion prices and rising costs, it said in its semiannual financial report. Margins of aluminum extrusions were...
UC RUSAL announces 2014 first half results
UC RUSAL, a leading global aluminium producer, announces its results for the six months ended 30 June 2014. The highlights of the result are given below: Total aluminium output amounted to 1,783 thousand tonnes in the first half of 2014, representing a decrease of 10.8%, as compared to 1,999...
The Tan Rai project to face four years of losses instead of two as earlier predicted
The Tan Rai project in Central Highlands province of Lam Dong, which started alumina production on October 1 last year, went through an assessment of its financial performance conducted by Vinacomin and a report was released last week. These reports state that the net present value (NPV) of the...
Ess Dee Aluminium slips to a 52-week low at INR 379
Ess Dee Aluminium that opened at INR 472 slipped by 8% to INR 434, down to almost 20% lesser at INR 379, marking a bad phase of four days, and also hitting the 52-week low on the National Stock Exchange (NSE). The company had already reported disappointing results at the end of the June quarter...
