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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Rio drops plans for Pacific Aluminium unit sale
Rio Tinto has scrapped plans to sell its Pacific Aluminium division, blaming tough market conditions after reporting first-half underlying earnings down almost a fifth on last year. Rio has been trying to divest the business, which is comprised of its Australasian aluminium smelters and the Gove...
Kaiser Aluminum rating lowered to Neutral
Kaiser Aluminum Corp. was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Thursday, StockRatingsNetwork.com reports. They currently have a $68.80 target price on the stock. Zacks‘ price objective would indicate a potential upside of 5.44% from the...
AMAG sees lower profit as aluminium prices fall
Austria Metall AG (AMAG) forecast a fall in core profit of up to 13 percent this year as aluminium prices fall and reported a 10 percent drop in the second quarter, though this was not as severe as expected. AMAG, which is 54 percent owned by a consortium of B&C Industrieholding, Oberbank and the...
Global Alumina Announces Distribution to Shareholders
Global Alumina Corporation, announced today that it has settled all of its debts and provided for all of its obligations and has forwarded US$31,021,884.60 of the remaining proceeds relating to the sale of the Guinean refinery project to Computershare Trust Company of Canada, its transfer agent,...
Century Aluminum reports $34.6 million loss for 2nd quarter
Century Aluminum Company reported a net loss of $34.6 million ($0.39 per basic and diluted share) for the second quarter of 2013. Financial results were positively impacted by a gain on bargain purchase of $2.0 million and power contract amortization of $2.7 million associated with the Sebree...
Alba achieves first-half profit growth
Aluminium Bahrain has said that its net profit grew by 7% during the first half of 2013, despite the fact that its sales were largely flat at $1.02bn. The company said that it achieved a 1.9% year-on-year increase in sales volumes, despite a general drop in aluminium prices worldwide. Aluminium...
Kaiser Aluminum price objective raised to $80.00
Research analysts at Cowen and Company raised their price objective on shares of Kaiser Aluminum Corp. from $76.00 to $80.00 in a report released on Friday, Stock Ratings Network reports. The firm currently has an “outperform” rating on the stock. Cowen and Company’s target price would indicate a...
Hulamin normalised earnings up, outlook positive
The underlying performance and a more “balanced” order book during the six months ended June 30, has sparked encouragement that JSE-listed Hulamin would see more positive gains after a “tough few years”. The aluminium products producer on Monday posted a 32% decline in headline earnings a share...
Alba announces its H2 2013 and Q2 2013 results
Aluminium Bahrain B.S.C (Alba) presents its financial results as per the International Financial Reporting Standards (IFRS) accounting rules. All investors and reporters are asked to read Alba's First Half of 2013 Unaudited Financial Statements. Alba's results for the First Half as well as Second...
Alcoa announces quarterly common and preferred dividends
The board of directors of Alcoa AA, a producer of primary and fabricated aluminum, miner of bauxite and refiner of alumina, authorised a quarterly common stock dividend of USD0.03 per share, the company reported on Friday. This dividend will be paid on 26 August 2013 to all shareholders of record...
Century Aluminum to release earnings on Tuesday
Century Aluminum is scheduled to issue its Q2 2013 quarterly earnings data after the market closes on Tuesday, July 30th. Century Aluminum opened at 10.30 on Monday. Century Aluminum has a 52-week low of $5.75 and a 52-week high of $10.60. The stock’s 50-day moving average is currently $9.75. The...
Hulamin posts rise in turnover despite falling aluminium price
ALUMINIUM processor Hulamin on Monday reported a 32% decline in headline earnings per share (HEPS) to 21c in the half-year ended June 30 2013 compared with restated 2012 results. The restatement is required by the new accounting standard IAS 19R, which became effective in the current period and...
Noranda Aluminum plans quarterly dividend of $0.04 (NOR)
Noranda Aluminum Holding Corp. declared a quarterly dividend on Wednesday, July 24th, Stock Ratings Network reports. Investors of record on Monday, August 5th will be given a dividend of $0.04 per share on Wednesday, August 28th. This represents a $0.16 dividend on an annualized basis and a yield...
Kaiser Aluminum corporation ex-dividend date scheduled for July 23, 2013
Kaiser Aluminum Corporation will begin trading ex-dividend on July 23, 2013. A cash dividend payment of $0.3 per share is scheduled to be paid on August 15, 2013. Shareholders who purchased KALU stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd...
Noranda downgraded by Zacks to Underperform
Noranda Aluminum Holding Corp. was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Friday, Analyst Ratings Network reports. They currently have a $3.20 price objective on the stock. Zacks‘ target price would suggest a potential...
Norsk Hydro financicial result down on reduce aluminium prices and energy production
Hydro’s underlying gain before financial equipment and taxation was NOK 518 million in a second quarter, down from NOK 1,077 million in a initial entertain of 2013, as revoke aluminium and alumina prices and seasonally revoke appetite prolongation weighed on results. Bauxite and alumina...
European stocks advance on Alcoa results, Greek relief
European stocks rose on Tuesday as investors took their cue from better-than-expected earnings from US aluminium giant Alcoa and after the eurozone released of billions of euros in fresh aid for Greece, dealers said. The optimism stayed high even as the International Monetary Fund slashed its...
COSCO, Aluminum Corp lead losses among giants
Losses at China COSCO Holdings (1919) and Aluminum Corporation of China (2600) were the worst of the lot for the nation's 500 largest companies last year. The website of Fortune magazine's China edition yesterday released its latest list yesterday, ranking the 500 mainland firms according to...
