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
Aluworks raises GH¢7.2m through right issue
Aluworks Limited, an aluminium manufacturing company, has raised GH¢7.23 million through the sale of 144.64 million new shares to its shareholders. The amount was raised from a rights issue that ran from February 25 to March 22 on the Ghana Stock Exchange. A circular from Strategic African...
Aluminium Bahrain reports results for the first quarter of 2013
Aluminium Bahrain B.S.C has announced its financial results for the first quarter of the year 2013. Alba's sales for the first quarter of 2013 reached $498m, up by $2m from $496m in Q1 2012 due to strong physical premiums and favourable management performance despite low LME prices. The company has...
AMAG core profit slips in first quarter of 2013
Aluminium group AMAG Austria Metall forecast on Tuesday its earnings may slip in 2013, backing away from its outlook in March for flat profit. "All in all, we expect another successful year from an operational perspective although the factors of influence mentioned above could lead to slightly...
Noranda Aluminum's ex-divident date scheduled for 2nd May 2013
Noranda Aluminum Holding Corporation will begin trading ex-dividend on May 02, 2013. A cash dividend payment of $0.04 per share is scheduled to be paid on May 29, 2013. Shareholders who purchased NOR stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 5th...
Sterlite Industries net profit up 10.6% in fourth quarter
Sterlite Industries is seen posting a net profit of $261 million for the January-March quarter, up 10.6 per cent from $236 million in the year ago period, according to brokers polled by NDTV. Sales for the period are seen coming in 1.5 per cent higher at $2019 million against $1988 million during...
Noranda Aluminum Holding given new target price of $5.00 by Barclays Capital
Noranda Aluminum Holding had its target price trimmed by Barclays Capital from $7.00 to $5.00 in a report released on Thursday, Stock Ratings Network reports. Barclays Capital currently has an equal weight rating on the stock. Several other analysts have also recently commented on the stock....
Chalco posts deeper-than-expected net loss
Aluminum Corp. of China Ltd.'s first-quarter net loss was worse than expected because of high raw-material costs and weak aluminum prices, which could continue to prevent Chalco from returning to profit. Chalco, which has been grappling with falling demand for aluminum products since the 2008...
Nalco pays 15 percent interim dividend
The state-run National Aluminium Company Limited has declared an interim dividend amounting to $36 million for the financial year 2012-13, which includes the Indian government share of $29 million. The cheque for interim dividend was handed over to union minister of mines Dinsha J. Patel, by Nalco...
Noranda Aluminum's earning drops 96% in first quarter of 2013
Franklin-based Noranda Aluminum Holding Corp.'s earnings were down 96 percent in the first quarter compared to a year ago, according to the company's latest earnings report. Earnings were $600,000, or 1 cent per diluted share, on revenue of $338.4 million. Analysts, on average, had estimated a loss...
Noranda Aluminum Holding upgraded to “Neutral” at Zacks
Noranda Aluminum Holding was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Tuesday, Stock Ratings Network reports. The firm currently has a $3.40 target price on the stock. Shares of Noranda Aluminum Holding traded down 2.09% during mid-day trading on...
Norsk Hydro first quarter result up on higher volumes and prices
Hydro's underlying earnings before financial items and tax rose to NOK 1,077 million in the first quarter, from NOK 172 million in the fourth quarter 2012. Higher alumina, aluminium and power prices, increased sales volumes and improved margins contributed to underlying results. "We continue to see...
Kaiser Aluminium reports net income of $34 million in first quarter of 2013
Kaiser Aluminum yesterday reported net income of $34 million for the first quarter of 2013 compared to $27 million, or $1.38 earnings per diluted share for the first quarter of 2012. Excluding the impact of non-run-rate items and an $8 million Canadian tax benefit, adjusted net income was $20...
Kaiser Aluminum Corporation ex-dividend date scheduled for April 23, 2013
Kaiser Aluminum Corporation will begin trading ex-dividend on April 23, 2013. A cash dividend payment of $0.3 per share is scheduled to be paid on May 15, 2013. Shareholders who purchased KALU stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents a 20%...
China Zhongwang posts RMB495 million net profit for first quarter of 2013
China Zhongwang Holdings Limited together with its subsidiaries "the Group", the second largest industrial aluminium extrusion product developer and manufacturer in the world, today announced unaudited consolidated results for the quarter ended 31 March 2013. The Group reported quarterly revenue...
Market conditions hit Yunnan Aluminium Co.
Shenzhen-listed Yunnan Aluminium Co, one of China's leading aluminum smelters, is expecting to record first quarter losses totaling between 70 million yuan ($11.31 million) and 75 million yuan, nearly three times the 24.28 million yuan deficit it wrote down during the same period last year, the...
Alumina Limited's shares downgraded by Credit Suisse
Credit Suisse downgraded shares of Alumina Limited from a neutral rating to an underperform rating in a report issued on Tuesday. Alumina Limited traded down 1.48% on Tuesday, hitting $4.325. Alumina Limited has a 1-year low of $2.65 and a 1-year high of $5.26. The stock’s 50-day moving average is...
Alcoa sees rise in profits as aluminium industry strengthens
Alumina Ltd’s share price was up sharply on news that Alcoa, with whom Alumina are in a joint venture, saw a big jump in first quarter profits. The US company Alcoa reported a 59 per cent increase profits for the first quarter compared to the corresponding period, reports AAP. Alumina’s CEO John...
Alcoa boosted by strong aluminum demand
Alcoa Inc. kicked off earnings season on Monday by reporting a larger first-quarter profit than analysts expected, helped by strong demand for aluminum used to make airplanes and automobiles. The company still sees demand for aluminum growing 7 per cent in 2013, with gains cutting across many...
