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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Hindalco falls post peer Alcoa letdown on earnings
Shares in Hindalco Industries fall 1.2 percent after its global peer Alcoa Inc, the largest US aluminium producer, reported a massive quarterly loss on Thursday and gave a stagnant outlook on global aluminium demand. Excluding the impairment charge of USD 1.7 billion on smelter acquisitions and...
Alcoa reports strong full-year 2013 profit up from 2012, excluding special items
Alcoa today reported solid operating performance in the fourth quarter and full-year 2013 as the Company’s repositioning gains traction, offset by special items primarily to address legacy matters in the Primary Metals business. As a result, Alcoa reported a fourth quarter 2013 net loss of $2.3...
Alcoa Inc.Q4 earnings preview
Alcoa Inc, one of the world’s largest aluminum producers, has had its expected 4th quarter EPS and 2014 price targets reduced on falling aluminum prices. J.P. Morgan analyst Michael F. Gambardella has been impressed with Alcoa management’s efforts to cut costs and pursue downstream growth, making...
Alcoa 2013 Earnings Preview
Alcoa (AA), the once-iconic aluminum producer, and now former Dow 30 component, is scheduled to report their calendar 4th quarter earnings after the bell on Thursday, January 9th, 2013. Consensus analyst expectations for q4 13 are for $0.05 in earnings per share (EPS) on $5.426 billion in revenue...
MARC raises press metal's RCSLS rating to BBB/Negative
MARC has removed the MARCWatch Negative placement on the rating of Press Metal Berhad's (Press Metal) Redeemable Convertible Secured Loan Stock (RCSLS) and concurrently affirmed RCSLS' rating at BBB with a negative outlook. The rating was placed on MARCWatch Negative on July 3, 2013 to enable the...
Alcoa to host webcast of fourth quarter and full-year 2013 results
Alcoa will hold a conference call on Thursday, January 9 beginning at 5:00 p.m. Eastern Time to discuss fourth quarter and full-year 2013 results and business developments. The conference call will be webcast live via Alcoa's website, with presentation materials available online. The conference...
Aluminium company Aldel reports bankruptcy
Aluminum company Aldel in Delfzijl went bankrupt. 300 Dutch employees will lose their jobs. In addition, 250 people with temporary contracts and 300 people with supply companies will be laid off.In the past few weeks the company has been unable to find funders for the current operating deficit of...
Noranda Aluminum cuts 7 percent of workforce
Franklin-based Noranda Aluminum Holding Corp. announced this week that it will be cutting 190 employees and contract workers from its workforce. The company said the cuts, which represent about 7 percent of the company’s total employee count, will generate annual savings of $15 million per year,...
Deripaska's CEAC sues Montenegro over aluminum plant bankruptcy
Russian billionaire Oleg Deripaska's Central European Aluminum Company (CEAC) is suing Montenegro for 100 million euros ($140 million) over the failure of its aluminum plant there. A statement issued in Cyprus, where the Russian company has its headquarters, CEAC said the case will heard in Vienna....
Alba bounces back to profit
Aluminium Bahrain (Alba) swung to a third-quarter net profit on higher sales to Saudi Arabia, the owner of the world's fourth-largest aluminium smelter said. Net profit for the three months to 30 September was BD4.9 million ( $13 million ), versus a net loss of BD13 million a year earlier. Alba...
Alcoa announces three-year strategy
Alcoa, a leading supplier of aluminium powder, has set its business targets for 2016, with plans to grow its value-add businesses and lower the cost structure of its commodity business. For the 2010 to 2013 period, Alcoa said that it is on track to generate an additional combined US$1.8 billion in...
Noranda Aluminum neutral rating reaffirmed by Citigroup
Citigroup Inc. reaffirmed their neutral rating on shares of Noranda Aluminum Holding Corp. in a research note issued to investors on Monday, StockRatingsNetwork.com reports. The firm currently has a $3.20 price target on the stock, down from their previous price target of $3.50. “Based on our 2014E...
Alro announces financial results for the nine months ended 30 Sept '13
Alro SA,one of the largest aluminium producers in Central and Eastern Europe, announces today its financial results, in accordance with the International Financial Reporting Standards (IFRS), for the nine months ended 30 September 2013.The Company reported in 9M 2013 a net adjusted loss* of RON 21...
Maan Aluminium net profit declines 21.43% in the September 2013 quarter
Net profit of Maan Aluminium declined 21.43% to Rs 0.11 crore in the quarter ended September 2013 as against Rs 0.14 crore during the previous quarter ended September 2012. Sales rose 19.20% to Rs 25.33 crore in the quarter ended September 2013 as against Rs 21.25 crore during the previous quarter...
Hindalco Industries gets 'buy' rating
The Hindalco Industries' subsidiary, Novelis Q2FY14 adjusted Ebitda (earnings before interest, taxes, depreciation and amortisation) of $ 228 million as well as volumes and Ebitda/tonne were on expected lines. Novelis also implicitly guided for H2FY14 volume and Ebitda growth of 10% year-on-year...
Midas achieves net profit of RMB16.4 million for 3Q 2013
Midas Holdings Limited, together with its subsidiaries, reported net profit attributable to equity holders of RMB16.4 million for the three months ended September 30, 2013, turning around from a loss of RMB6.1 million for the corresponding financial period in the previous year. Group revenue soared...
Aluminum processor Constellium Q3 earnings up on 'favorable' demand
Constellium reported increased earnings year on year in the third quarters of 2013 on the back of good demand from the automotive and aerospace sectors, the France-based aluminum rolled products producer said Thursday. "Constellium's adjusted EBITDA for Q3 2013 (a seasonally low quarter) was Eur64...
Orbite Alumina announces Third Quarter 2013 results
Orbite Aluminae Inc. announced today the filing of its unaudited Condensed Consolidated Interim Financial Statements for the quarter and the nine month period ended September 30, 2013. The Corporation reported a loss of $2.1 million ($0.01 per share) for the third quarter of 2013, representing a...
