Alcoa Inc. on Monday started off the earnings season by posting its first net loss in more than a year. The New York manufacturing giant's profits dwindled in the fourth quarter with fewer orders for its products as uncertainty grew about the ...
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Coca-Cola Bottlers' Sales & Services Company LLC (CCBSS), the Coca-Cola entity purchasing aluminum can sheet for the Coca-Cola System in North America, and Novelis Inc., the world's leading producer of aluminum rolled products, today announced the signing ...
Computerworld - Apple today confirmed that explosions last year at Chinese plants of two of its parts suppliers were caused by excessive aluminum dust. In its annual report on its suppliers' efforts in worker safety, labor rights and ...
Jan. 11 (Bloomberg) -- Norsk Hydro ASA, Europe's third- largest aluminum maker, plans to cut the capacity of its Kurri Kurri smelter in Australia's New South Wales state by 33 percent because of low metal prices. Norsk Hydro may cease output at ...
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Jan. 18 (Bloomberg) -- Aluminum production cuts may increase as smelters face margin pressure amid falling demand, according to a report by Bank of America Merrill Lynch dated Jan. 16. Announcements of further large production reductions may ...
NEW YORK (Reuters) - Alcoa Inc Chairman and Chief Executive Klaus Kleinfeld expects the global aluminum market to turn into a deficit this year, as biggest consumer China closes inefficient capacity even though demand remains robust. At a ...
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MONTREAL - Record iron ore production is expected to boost Rio Tinto's profits for 2011 even though the mining giant signalled Tuesday that its aluminum operations lost money in the second half of last year. The Anglo-Australian miner said it produced a ...
Alcoa Inc posted a fourth quarter loss due to a steep plunge in aluminum prices, but its revenue beat expectations and the company gave a positive outlook for global demand for the metal, especially in the aerospace and automotive markets. The ...
Jan. 12 (Bloomberg) -- Chinese aluminum smelters may idle their annual capacity by one-third, the most in three years, as energy costs soar and prices slump. China may produce almost 20 million metric tons of the lightweight metal and its ...
Jan. 5 (Bloomberg) -- Alcoa Inc. earnings estimates have plunged the most in three years as analysts' expectations mount that the biggest U.S. aluminum producer may even record a fourth-quarter loss. Net income will tumble 96 percent to 1 cent ...
