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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NALCO Q2 profit jumps 37 times on operational performance
National Aluminium Company (NALCO) reported strong numbers with the second quarter (July-September) net profit growing 37.3 times year-on-year to INR 179 crore on operational performance. Strong results were on the back of higher coal linkage in Q2, Ansuman Das, CMD said. He feels strong...
Noranda Aluminum Holding Corp. Receives New Coverage from Analysts at Sidoti
Equities research analysts at Sidoti assumed coverage on shares of Noranda Aluminum Holding Corp. in a research note issued to investors on Tuesday, American Banking and Market News reports. The firm set a “buy” rating on the stock. Shares of Noranda Aluminum Holding Corp. traded up 0.39% during...
China’s aluminum industry estimated to have $1.8B loss last year
The loss is $1.8B, with 35% of companies losing money, or 89 of 281 aluminum enterprises, Qin Junman, vice president of China Nonferrous Metal Industry’s Foreign Engineering & Construction Co., says in presentation for the Metal Bulletin aluminum conference in Geneva today: * Industry still...
China Xinfa's H1 profit jumps 154% on increased sales of construction aluminium profiles
China's Xinfa Aluminium Holdings Ltd. reported a 154% year-on-year jump in first half profit on increased sales of aluminium profiles for construction use. The leading aluminium profile manufacturer’s net profit was 47 million yuan ($50.8 million) or 0.11 yuan per sharein the first six months,...
Alba throws spotlight on finance training
Alba employees are seen here taking part in Finance101 – a series of half day training session organised as part of Alba’s Executive Education Series 2013 Alba conducted Finance101 for its management grade employees as part of the company's Executive Education Series 2013 The training programme was...
Weak aluminium prices may impact Hindalco's financials in FY14
Hindalco Industries Ltd has said that metals business will face challenges in the near term as aluminium prices continue to remain weak in the international market and will have bearing on financial results in 2013-14. "As aluminium prices continue to remain weak in the international market, the...
NALCO stock gets Neutral rating
NALCO stock gets Neutral rating from Angel Broking. NALCO's aluminium segment reported a negative EBIT of INR 79cr for the quarter compared to a loss of INR 19cr in 1QFY2013. Staff costs as a percentage of net sales stood at 20.9 percent, compared to 16.5 percent in 1QFY2013 and other expenses also...
Kaiser Aluminum sets new 1-year high at $70.68
Kaiser Aluminum Corp. set a new 52-week high during mid-day trading on Tuesday. The stock traded as high as $70.68 and last traded at $69.11, with a volume of 46,320 shares. The stock had previously closed at $69.12. KALU has been the subject of a number of recent research reports. Analysts at...
Chalco predicts tougher future for aluminium
Aluminium Corp of China (Chalco), the nation's largest smelter of the lightweight industrial metal, warned of more tough times for the industry as it said its interim net loss narrowed, largely on the back of one-off gains and government subsidies. "There was no alleviation for the oversupply of...
China's Chalco posts $102 mln first-half net loss
Aluminum Corp of China Ltd (Chalco) , the country's top aluminium producer, posted a first-half net loss of 623.8 million yuan ($101.9 million), hurt by lower prices and oversupply in the world's top producer and consumer of the metal. The result compared with a net loss of 3.25 billion yuan in the...
BHP Billiton increased dividend year to June
Global resources giant BHP Billiton, unlike many of its smaller peers, was able to increase its dividend for the year to June. The dividend was raised 3,6% to US$1,16/share, though attributable profit fell 29,5% to $10,9bn and net operating cash flow was 25% weaker at $18,25bn. Peers Anglo American...
China Zhongwang Posts 3.3% Gain in H1 Profit
Leading aluminium extrusion producer China Zhongwang Holdings Ltd. reported a 3.3% gain in the first half profit on increased sales and improved profit margins. Zhongwang made a net profit of 1.07 billion yuan ($174 million) or 0.20 yuan per share in the first six months, the company told Hong Kong...
Hindalco sees stagnant profit growth during Q2 despite higher metal volumes
Hindalco is the latest to see stagnant profit growth despite higher metal volumes in the second quarter (Q2). Its Q2 net profit remained flat year-on-year (y-o-y) at Rs 357 crore. While lower other income is a factor for the sequential fall in net profit, lower realisations and higher costs have...
Hindalco Industries drops to Rs 98.85 on BSE
Hindalco Industries lost 5.36% to INR 98.85 at 15:15 IST on BSE, with the stock sliding on profit booking after 3-day 11.89% rally. Meanwhile, the S&P BSE Sensex was down 589.29 points or 3.18% at 17,968.84. On BSE, 14.98 lakh shares were traded in the counter as against average daily volume of...
Romania’s aluminum producer Alro reports a loss in first semester
Romania’s Alro, a subsidiary of aluminum producer Vimetco, reported a loss of RON 17 million (EUR 3.8 million) in the first semester against a profit of RON 26 million (EUR 6 million) in the same period of last year, citing high energy costs and disappointing aluminum prices that reached fresh...
Jiangnan Group reports 6% drop in H1 profits; plans to double UHV-Cable capacity
China’s leading power cable producer Jiangnan Group Ltd. reported a 6% decline in its first half profit due to lower copper and aluminium prices. Jiangnan Group’s net profit was 149.4 million yuan ($24.2 million) in the first six months, or 0.049 yuan per share, the company told Hong Kong Stock...
Shandong Nanshan reports 19.4% fall in H1 profit
Shandong Nanshan Aluminium Co., a leading fabricator of the lightweight metal, reported a 19.4% decrease in the first half profit due to an enlarging discount of London prices to Shanghai. Shandong Nanshan’s net profit was 313.2 million yuan ($50.8 million) in the first six months or 0.16 yuan per...
Hindalco said to seek refinancing on $2.7 billion of loans
Hindalco Industries Ltd., India’s second biggest aluminum maker, is seeking improved terms on as much as $2.7 billion of debt as projects funded by the rupee loans come on stream, said two people familiar with the talks. “The company, controlled by billionaire Kumar Mangalam Birla, wants to...
