June 29, 2011

Obama praises Alcoa in Iowa visit

President Barack Obama on Tuesday held up Alcoa’s aerospace aluminum plant in the Quad Cities as a bright spot in the U.S. economy. But Obama did not touch on the…

June 28, 2011

China’s massive appetite for commodities sparks concern

China’s massive appetite for commodities is creating concerns for the global economy, the environment and workers in other countries. In a series of reports, VOA is looking at the economic…

June 24, 2011

Alcoa shares rise on $1bn Airbus deal

U.S. aluminum producer Alcoa Inc (AA.N: Quote) said on Friday it won a multiyear contract worth about $1 billion to supply its new, lighter aluminum-based alloys for Airbus commercial aircraft.…

June 24, 2011

The Malleable Market for Global Aluminum

Last week’s Investor Alert highlighted a Macquarie Research chart showing a recent notable upswing in aluminum production around the world. Following a huge dip in output in China and worldwide…

June 23, 2011

Ma’aden-Alcoa JV lands $1bn loan for mine, refinery

Saudi Arabian Mining Company, also known as Ma’aden, and Alcoa, the aluminium giant, have secured the funds for Ma’aden Bauxite and Alumina Company, which is 74.9% and 25.1% owned by…

June 23, 2011

Commodities fall most in seven weeks

Bloomberg reports that commodities dropped the most in seven weeks after the International Energy Agency announced plans to release emergency oil supplies.Gold for August delivery fell 2.4 percent to $1,516.60…

June 23, 2011

China sticks to ban on favourable power tariffs for energy-intensive sectors

China's top economic planner on Thursday reiterated a ban on favourable power tariffs for power-intensive sectors as the world's second-largest electricity consumer struggles to deal with its worst power crisis…

June 23, 2011

Rio Tinto clears major hurdle for US$2 billion Kitimat smelter modernisation in British Columbia

Rio Tinto's US$2 billion project to modernise its Kitimat smelter in British Columbia, Canada, will be submitted for Board approval following the decision by the British Columbia Utilities Commission (BCUC)…

June 23, 2011

Analysts predict higher prices for aluminum

Analysts at Harbor Intelligence's Annual 'Aluminum Outlook Conference' are predicting stable to higher aluminum prices on the year. Despite high inventories of aluminum in warehouses, the analysts agree that demand…

June 21, 2011

LME board struggles to reform metals warehousing logistics

The board of the London Metal Exchange has been unable so far to reach agreement on a way to resolve aluminum access issues from warehouses owned by a unit of…