December 8, 2011

Week after flagging diamond division sale, BHP says likely no new investment in aluminum and nickel arms

Finance News Network reports BHP Billiton's CEO Marius Kloppers says the miner will likely stop investing in its "tough" aluminium and nickel divisions and run them as "lean and mean…

December 2, 2011

Goldman says commodities to rally in 2012

Goldman Sachs Group forecast that commodities may rally 15% in the next 12 months, sticking with an “overweight” recommendation on raw materials and predicting Brent crude may surge to highest…

December 2, 2011

Global aluminum demand to slow in 2012, says top producer

Norsk Hydro, one of the world's top aluminum producers, sees growth in global aluminum demand weakening in 2012 as a result of economic turbulence that is creating a weak market…

December 2, 2011

Rio Tinto to invest US$2.7 billion to complete the modernization of the Kitimat smelter

Rio Tinto has given the green light to an additional US$2.7 billion capital investment to modernize its aluminium smelter in Kitimat, British Columbia. This new investment will allow for completion…

November 30, 2011

Stocks rally, lifting commodities

North American stock exchanges are on a tear today after central banks made more funds available to lenders, giving investors hope for a way out of the European debt debacle.…

November 19, 2011

China aluminum users may take longer lunar holidays on weak demand

Reuters reported that aluminum fabricators in China may take longer Chinese New Year breaks as product demand is set to stay lukewarm in the coming two months on tight credit…

November 18, 2011

Rio Tinto shuts aluminum plant

The mining and metal making giant is closing a U.K. smelter due to rising carbon taxes and falling aluminum prices, Rio Tinto (NYSE:RIO) said.

November 17, 2011

Rio Tinto shuts smelter, blames rising energy costs

The aluminum market may soon see prices rise, or at least find a floor, as mining companies find that rising energy costs and low prices for the metal are a…

November 14, 2011

Cheap power lifts Rusal profit

Rusal, the world's largest aluminium producer, is expected to see a substantial drop in fourth-quarter profit margin due to lower prices of the metal, although temporary shutdowns by high-cost producers…

November 8, 2011

Alcoa approves next stage of $2.1 billion capital improvements in Quebec

Alcoa (NYSE:AA) will undertake the next phase of its five-year, $2.1 billion investment plan for its Baie-Comeau, Deschambault and Becancour smelters in Quebec. "The plan will move the Quebec smelters…