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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Alumina reports $33 million profit
Mining companies have been cheering the fall of the dollar, none more so than Melbourne-based Alumina, which has disclosed a $US30 million ($33m) annual profit before tax price sensitivity to just a 1c move in the US exchange rate. For a firm that has been struggling to break-even at best of late,...
South Port posts record profit even as smelter cuts production
Record imports of fertiliser and a resurgence of log exports were not enough to make up for the business lost to South Port when New Zealand Aluminium Smelters (NZAS) cut production at its Tiwai aluminium smelter. The operator of Bluff's port reported cargo volume declined by 7 percent to 2.51...
NALCO gets 'Reduce' rating from ICICI Securities
ICICI Securities has maintained 'Reduce' on National Aluminium Company (NALCO) with target price of Rs 27 as against current market price (CMP) of Rs 26 in its report. Commenting on the investment rationale, ICICI Securities said, ''National Aluminium Company (NALCO) reported lower than expected...
IIFL recommends buy on NALCO post Q1 FY14 results
IIFL has maintained its buy recommendation on National Aluminium Company post the latter's Q1 FY14 results. It has a target of INR 32, an upside of 24.3% from its current market price of INR 26 per share. Analysing the numbers, the brokerage said, "Q1 FY14 results were below our estimate due to a...
Hongqiao smelter reports profits drop
China’s third largest smelter, Hongqiao, has announced a 1.1% drop in year-on-year net profits to HK$3.53 billion. Chief executive Zhang Bo says that China’s second phase of rationalization has begun and argues that the indigenous aluminium industry is now facing stiff competition from imports,...
Henan Zhongfu widens loss in H1 on lower aluminium prices
Leading Chinese aluminium maker Henan Zhongfu Industrial Co. widened loss in this year’s first half on lower prices of the lightweight metal. Henan Zhongfu made a loss of 197.4 million yuan ($32 million) from January to June, comparing to a loss of 43 million yuan a year ago, the company told...
RUSAL switches to loss in H1
United Company RUSAL Plc switched to loss-making in the first half as aluminium prices continued to fall on oversupplies, and urged the industry to take further curtailments to tackle overcapacity. The world's largest aluminium producer posted a recurring net loss of $156 million in the first six...
Romania’s aluminum producer Alro reported a loss of approx. EUR 3.8 million
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...
Midas net profit jumps up to RMB14.9m
Midas Holdings Limited reported net profit attributable to equity holders of RMB14.9 million for the three months ended June 30, 2013 , from RMB1.6 million for the corresponding financial period. Group revenue rose 29.2% from RMB219.8 million for 2Q2012 to RMB284.0 million for 2Q2013. The Group’s...
NALCO registered a net profit of INR 160 crore in 1st quarter
National Aluminium Company Limited (NALCO), a Navratna PSU of Ministry of Mines, Govt. of India, has announced the results for the 1st quarter ended June 2013. According to the reviewed financial results for the 1st quarter of the financial year 2013-14, taken on record in the meeting held in New...
Aleris raises aluminium auto sheet prices after Q2 loss
Downstream aluminium producer Aleris has raised the prices of its automotive body sheet products by up to 10%, after posting a net loss of $12 million in the second quarter, it said late last week. “Aleris will increase pricing for automotive body sheet products up to 10% for new orders, effective...
JW Aluminum Issues 2013 Second Quarter Results
JW Aluminum Company announced today that it has posted its 2013 Quarterly Report for the quarter ended June 29, 2013 on JW Aluminum's secure investor website at 4:00 PM Eastern Time on Tuesday, August 13, 2013. The quarterly report is being furnished pursuant to the Indenture governing JW...
NALCO Q1 profit may fall 19% at Rs 180 cr
Nirmal Bang has come out with its first quarter (April-June) earnings estimates for the metal sector. The brokerage house expects NALCO to report a 26.7 percent degrowth quarter-on-quarter (fall of 19.1 percent year-on-year) in net profit at Rs 180.4 crore. Revenues are expected to decrease by 17.7...
Novelis reports weak Q1 earnings
Hindalco Industries fell 3.20% to INR 90.75 at 10:58 IST on BSE after the company's subsidiary Novelis reported weak Q1 earnings on Monday, 12 August 2013. The large -cap company has an equity capital of INR 191.45 crore. Face value per share is INR 1. On a consolidated basis, Novelis' net income...
Hindalco's 1st quarter earning up; to review new investments
Hindalco Industries today reported an 11.61 per cent growth in standalone net profit to INR 474 crore for the first quarter ended June 30, largely due to an increase in other income. The flagship firm of the Aditya Birla group had posted a profit of INR 424.77 crore in the corresponding period of...
Eskom suffers loss on supplying cheap power to BHP Billiton’s aluminium smelters
Eskom has finally owned up to the full liability it faces as a result of preferential deals to supply cheap power to BHP Billiton’s aluminium smelters, putting it at a stunning R11.5bn in its latest financial statements — double that stated in previous years. In last year’s statements, Eskom put...
Hindalco net profit may fall on lower sales
Hindalco Industries’s net profit for the quarter ended June is estimated to be lower than in the previous quarter, owing to a drop in net sales, brokerages have said. The company’s aluminium volumes are expected to have fallen six per cent quarter-on-quarter because of disruptions at the Hirakud...
Rio Tinto reveals an 18% drop in underlying earnings
Rio Tinto has revealed an 18% drop in underlying earnings, down to US$4.2bn, in the first half of the year. It blamed lower metal prices and higher taxes for the decline. Rio also put on hold its efforts to sell its aluminium business interests after it couldn’t find a buyer. The FTSE 100 miner...
