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...“Aluminum is the focus of our CO2 programme because producing this material requires a high energy input,” Marco Philippi, Audi head of procurement strategy, said....
...In a separate deal, Concord said it had taken a minority stake in the parent company of Noranda, New Day Aluminum....
...It also bought a stake in New Day Aluminum, the parent of Noranda Alumina — owner of the Gramercy refinery and St. Ann Bauxite operations....
...“For example, we expect double digit increases on steel and aluminum. A lot of that driven or all of it’s driven by the impact of anticipated tariffs.”...
...Rusal is a crucial part of the aluminum supply chain....
...Alcoa, the aluminium producer, was down 5.2 per cent, while Century Aluminum was off 15.5 per cent. The Nasdaq Composite was down 1.5 per cent....
...Tyson Foods Inc fell 3.6 per cent after China announced tariffs of up to 25 per cent on imported US food such as pork, fruit, nuts and wine....
...The US is expected to remain a large aluminium importer, although the tariffs prompted Century Aluminum, a US company, to restart mothballed production — the goal of the Trump White House....
...Shares in Century Aluminum, the company that has been the most vocal advocate of aluminium tariffs, also fell sharply as news of the proposed exemptions started to emerge....
...A version of this article was first published by the Nikkei Asian Review on July 18. ©2018 Nikkei Inc. All rights reserved....
...The hydropower-to-aluminum conglomerate plans to announce pricing on Thursday. Mr Deripaska is seeking to raise $1bn at a valuation of $7bn to $8.5bn....
...suspensions likely to be strictly enforced ahead of a key leadership meeting in Beijing, “demand growth will outpace capacity growth from 2017E onward, resulting in improving utilization rates and higher aluminum...
...The company — which split from Arconic last year and produces commodity aluminium, alumina and bauxite — projected that global aluminum demand will rise between 4.5 to 5 per cent in 2017 from a year ago....
...Alcoa, meanwhile, had operations to produce aluminum, alumina and bauxite....
...central government has acknowledged that overcapacity is a problem and they have announced plans to address it, to date we have not seen any movement,” Charles Johnson, vice-president of policy at the US Aluminum...
...The rise came as the broad S&P 500 index pulled back by 1.2 per cent after Alcoa, the aluminum company, kicked off earnings season on a gloomy note....
...Alcoa, the US aluminum company, on Monday unveiled better-than-expected quarterly results, kicking off earnings season on a high note....
...Goldman, through its control of Metro’s Board of Directors, approved the practices that lengthened the queue, at the same time as the bank was ramping up its own aluminum trading operations, the report said...
...It usurps Aluminum Corporation of China, the country’s largest aluminium producer, which posted an interim loss of Rmb4.2bn in 2014....
...Alcoa, an aluminum company, kicks off US earnings season on Monday afternoon. The big US banks follow later in the week....
...Alcoa’s profits tumbled in the fourth quarter as aluminum prices swooned. However, the aluminum company still beat expectations on the bottom line, sending its shares higher....
...But that is precisely the case when it comes to US aluminum producer Alcoa and Elliott Management....
...In corporate news, aluminum company Alcoa kicked off fourth-quarter earnings season with stronger-than-expected adjusted profits. Several large US banks post their quarterly results later this week....
...Among the companies poised to post results are Alcoa, the aluminum heavyweight, and several of the largest American banks....
...China Hongqiao, the country’s largest aluminium producer, said it will cut 250,000 tonnes of primary aluminum production after a meeting of 14 aluminium smelters in the country.The cuts come as global aluminium...
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