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...
Grow with
AL Circle
Nalco stock hits low in 52-week
Nalco stock on Thursday came closer to its 52-week low of INR 32.70 as it touched day’s low at INR 34.35, but finished at INR 34.55, down 1.29 per cent on the BSE. According to analysts, market took a dim view of the integrated metal maker. Its net profit margin on sale has been gradually declining...
Hindalco seeks USD 890 million to clear debt
Hindalco Industries Ltd, India’s second-biggest aluminum producer, plans to raise about $890 million to refinance debt, said two people familiar with the matter. The company is looking to raise USD 356 million selling bonds and draw USD.534 million through loans to repay high-cost borrowings at...
Ess Dee Aluminium board recommends 20% dividend
Ess Dee Aluminium announced Tuesday that its board of directors has recommended a dividend of 20% or INR 2 a share of INR 10 each. The declaration and payment of dividend is subject to approval of shareholders at the ensuing Annual General Meeting. Shares of the company gained INR 6.95, or 1.27%,...
Hindalco shares drop after net falls 25% in fourth quarter
Hindalco shares started lower on Wednesday despite the company reporting better margins on a sequential basis. The stock traded 0.8 per cent lower at INR 109.15 as of 09.22 a.m., underperforming the broader Sensex, which traded 0.17 per cent lower at 20,125. Hindalco's net profit dipped 24.68 per...
Parth Aluminium registers USD 0.011 million profit in the March 2013 quarter
Parth Aluminium reported net profit of USD 0.011 million in the quarter ended March 2013 as against net loss of USD 0.027 million during the previous quarter ended March 2012. Sales reported to USD 0.144 million in the quarter ended March 2013. There were no sales reported during the previous...
NALCO net profit dips 13% in the fourth quarter
NALCO reported a 13% dip in net profit to USD 44.20 million for the quarter ended March 31, 2012 despite higher income. NALCO had reported a net profit of USD 50.67 million for the corresponding period of FY12. Total income of the company increased marginally by 4.63% to USD 335.49 million in the...
Chalco in the red for the first quarter of 2013
The Aluminium Corporation of China (Chalco) recorded losses of RMB975 million for Q1 2013 and attributes its performance to stunted economic growth, over capacity and falling prices. Last year, the company reported deficits of RMB8.2 billion. Other Chinese aluminium producers offered similarly...
Ormet's losses deepen in April; Wednesday court date looms
With its future likely to be decided Wednesday by a federal bankruptcy judge in Delaware, US aluminum producer Ormet told the court this week its losses continued to accelerate in April, increasing to $41.8 million for the first four months of 2013. April marked the third month in a row the...
Century Aluminum company announces proposed offering of senior secured notes
Century Aluminum Company announced a proposed offering of $250 million aggregate principal amount of senior secured notes due 2021. Century also announced today that it has commenced a cash tender offer for any and all of its $249,603,550 outstanding principal amount of 8% Senior Secured Notes due...
Alcoa’s massive drop in Alcoa profits
Alcoa of Australia has filed full-year accounts and revealed that the company's profits of $106.2 million were down from $569 million. Sales fell by 12% and the company's return on capital was 3% – down from 9.47% at the end of 2011. Alcoa of Australia is 60% owned by Alcoa and 40% owned by Alumina...
Alcoa's profit plunges 81pc
Alcoa has delivered proof that even its low-cost WA bauxite and alumina operations are feeling the pinch of aluminium's persistent status as the world's most unpopular metal, reporting an 81 per cent slump in Australian profitability last year. Compounding the woes, Alcoa said its Australian...
RUSAL revenue increase by 2.2% in First Quarter
Russia’s United Company RUSAL Plc, the world’s largest aluminium producer, said in its statement on Tuesday it saw revenue grow by 2.2 percent to $2.682 billion in the first quarter year-on-year. RUSAL reported a drop in the aluminium output by 4 percent or 42,000 tonnes to 1.007 million tonnes, as...
Global Alumina Releases First Quarter 2013 Results
Global Alumina Corporation announced today its financial and operating results for the three month period ended March 31, 2013. The text of the quarterly unaudited financial statements and management's discussion and analysis can be viewed or printed from the Company's SEDAR reference page at...
Novelis' recycling strategy helps lift profit
Novelis Inc, the world's largest producer of rolled aluminum products, reported a quarterly profit on Tuesday, versus a year-earlier loss, boosted by stronger demand and better cost controls. The company, a unit of India's HindalCo Industries Ltd , said it was able to push through unexpected...
The world’s largest aluminium producer, RUSAL, reports revenue increase by 2.2% in Q1
Russia’s United Company RUSAL Plc, the world’s largest aluminium producer, said in its statement on Tuesday it saw revenue grow by 2.2 percent to $2.682 billion in the first quarter year-on-year. RUSAL reported a drop in the aluminium output by 4 percent or 42,000 tonnes to 1.007 million tonnes, as...
Orbite Announces Trading of Convertible Debentures
Orbite Aluminae Inc. announces that the Convertible Debentures issued in December 2012, will begin trading today. Convertible Debentures The Debentures will begin trading today at the market open on the Toronto Stock Exchange under the symbol ORT.DB (see TSX Bulletin 2013 0468). On December 13,...
Century Aluminum company upgraded by TheStreet to “Hold”
The Street upgraded shares of Century Aluminum Company from a sell rating to a hold rating in a report issued on Tuesday. "Century Aluminum Company has been upgraded by The Street Ratings from sell to hold. The company's strengths can be seen in multiple areas, such as its increase in net income,...
Alba posts strong sales figures despite depressed prices
Aluminium Bahrain has posted Q1 sales of $498m, up by $2m on the same period for 2012 ($496m). Net income almost doubled from $57m in 2012 to $108m – an increase of 89% – and CEO Tim Murray attributed the company’s success to strong operational performance but also Alba’s ability to ‘capitalise on...
