Aluminum News Network BLOG

Aluminum News

2012-01-30T06:47:00.003-08:00

News

8 new results for Aluminum

Retirees Occupy Century Aluminum
Huffington Post
18, a dozen retirees, men and women in their 60s, 70s, even 80s, began occupying a median strip along Route 33 in front of the closed Century Aluminum smelter in Ravenswood, W.Va. In tents and under tarps, a small group stays overnight, ...
See all stories on this topic »

Gulf aluminum output seen rising 10pct
SteelGuru
Trade Arabia reported that aluminum production in the Gulf currently exceeds 7% of the world's total aluminum production and is set to increase to 10% by 2020. Mr Abdulla Kalban chairman of the Gulf Aluminum Council said that “The aluminum industry in ...
See all stories on this topic »

Payouts and Event Information: 3rd Annual USMTS Texas Spring Nationals
USMTS
Weight: 2400 lbs. if using a Flat Tappet/Steel Head Engine with 23-degree valve angle or Brodix Aluminum Spec Head Engine; 2350 lbs. if using Flat Tappet/Brodix Aluminum Spec Head Engine; 2450 lbs. if using steel or aluminum heads with a 23-degree ...
See all stories on this topic »

Solar Outlook Boosts New York Index to Four-Month High: China Overnight
Bloomberg
Enlarge image ADR Rally Swells Chalco Premium During New Year ADR Rally Swells Chalco Premium During New Year Raul Vasquez/Bloomberg Company flags and a Chinese flag fly in front of the Aluminum Corporation of China Ltd. headquarters in Beijing.
See all stories on this topic »

Bloomberg

Alcoa asks federal judge to dismiss bribery suit
SteelGuru
Alcoa Inc asked a federal judge in Pittsburgh to dismiss a bribery lawsuit filed against the company by an aluminum maker controlled by the Bahrain government. Aluminum Bahrain BSC claims New York based Alcoa reaped more than USD 400 million in illegal ...
See all stories on this topic »

Human cost of an iPhone
Bend Bulletin
Aluminum dust was everywhere. Dust is a known safety hazard. In 2003, an aluminum dust explosion in Indiana destroyed a wheel factory and killed a worker. In 2008, agricultural dust inside a sugar factory in Georgia caused an explosion that killed 14.
See all stories on this topic »

Asian Stocks Drop as Exporters Decline Ahead of European Summit
BusinessWeek
The London Metals Exchange Index, which tracks prices of six industrial metals including aluminum and copper, lost 0.6 percent on Jan. 27. Jiangxi Copper Co., China's biggest producer of the metal, declined 4 percent to HK$19.96.
See all stories on this topic »

police crack down on metal thefts
The Augusta Chronicle
Investigator Kendall Brown inspects a pile of aluminum radiator coils brought in to be scrapped at Augusta Steel Metal Inc. As part of the metal theft task force, Brown checks in with local recyclers to find people scrapping stolen metal.
See all stories on this topic »

Aluminium News

2012-01-30T06:47:00.001-08:00

News

8 new results for Aluminium

Sri Lanka Browns buys aluminium unit
Lanka Business Online
Ajax Engineers is a firm installing aluminium curtain walls, doors, windows and glass facades. The company has a workshop in Ragama, a northern suburb of the capital, equipped with German and Austrian machines, the statement said.
See all stories on this topic »

Aluminium Balustrade Panels
Industry Today (press release)
Gooding Aluminium are a national and international supplier of a wide range of high quality aluminium products including. Posted via Industry Today. Are you into it? Follow us on Twitter @IndustryToday Answering the needs of todays fast moving ...
See all stories on this topic »

Frankfurt plays host to lightweight advances
European Plastics News
The Zagato is manually assembled at the Gaydon, UK, headquarters and has a hybrid aluminium and carbon fibre reinforced plastic (CFRP) body construction. The car costs £330000 (€275000) pre-tax and goes into production in mid 2012.
See all stories on this topic »

Commodities markets summary
Sydney Morning Herald
In other metals, aluminium futures shed $US11 to end at $US2,265 a tonne, despite news that the world's largest aluminium producer, Russia's UC RUSAL , said it could cut output by six per cent in the next 18 months.
See all stories on this topic »

Waiting for triggers
Financial Express
Sterlite Industries reported strong Q3FY12 results at the operating level with: (i) a strong copper business, and (ii) a fall in production cost at Balco, Vedanta Aluminium (VAL) and power business. After repeated increase in the cost of production at ...
See all stories on this topic »

APEX FULL YEAR 2011: Citi analysts name their picks for 2012
Metalbulletin.com (subscription)
Aluminium prices are likely to perform relatively well in the coming year, while nickel will be neutral, analysts at Citigroup told Metal Bulletin. “Aluminium prices will be fairly well supported by the rising energy complex. Nickel might have a short ...
See all stories on this topic »

First orders for innovative new Druma-Floor for 100 metre yacht
Superyacht Times
The floor panels are composed of a grooved calcium silicate core to which aluminium plates are bonded with a special sound-insulating glue. Aluminium is much easier to cut than steel and offers obvious benefits in terms of weight.
See all stories on this topic »

Superyacht Times

Unique Window Systems at Ecobuild 2012
Glass on Web
Unique Window Systems will be at Ecobuild 2012 exhibiting its ranges of high-quality, sustainable PVC-U and architectural aluminium windows, doors and shop fronts for the commercial market, including its own Tufacade curtain walling system developed ...
See all stories on this topic »

Glass on Web

Aluminum Prices

2012-01-30T06:24:00.003-08:00

News

2 new results for Aluminum Prices

Rusal May Cut Aluminum Output 6% in Next 18 Months, CEO Says
BusinessWeek
Low prices may force as much as 3 million tons of global capacity to be closed or mothballed, Deripaska said last month. Aluminum traded as high as $2288 a ton on the London Metals Exchange today. The metal has advanced 13 percent since Jan.
See all stories on this topic »

New OceanGuard Aluminum Series From Gulf Coast Supply Is an Ideal Roofing ...
PR Web (press release)
GulfCoastSupply.com) has introduced its new OceanGuard Aluminum Series line of roofing. Architects, contractors and home-builders looking for a high-quality roofing material that can hold up to the often demanding weather conditions associated with ...
See all stories on this topic »

Alcoa News

2012-01-30T06:24:00.001-08:00

News

4 new results for Alcoa News

Alcoa says bribery charges fail to meet legal standards
Pittsburgh Post Gazette
No, it can't, Alcoa argued in a legal filing Friday, seeking dismissal of a lawsuit that conceivably could cost it more than $1 billion. The North Shore-based company has waited nearly four years to make its argument, since Aluminium Bahrain BSC, ...
See all stories on this topic »

U.S. Stock Futures Decline Before EU Summit; Exxon Mobil Falls in Germany
Bloomberg
Alcoa Inc. (AA) and Mosaic Co. (MOS) declined more than 1.4 percent as commodities prices retreated. S&P 500 futures expiring in March fell 0.8 percent to 1301.50 at 8:38 am New York time. Dow Jones Industrial Average futures slid 92 points, ...
See all stories on this topic »

Bloomberg

Massena man uncovers old photos of workers honored at Alcoa, power house in 1950s
North Country Now
By CRAIG FREILICH MASSENA – A Massena man has uncovered some half-century-old photographs about his father's life and work at Alcoa and at the power station the aluminum company ran on the St. Lawrence River. One photograph is of an award “Presented to ...
See all stories on this topic »

Equities Research Analysts' Ratings Reiterations for January, 29th (AA, AAP ...
LocalizedUSA
Alcoa Inc. (NYSE: AA) had its “neutral” rating re-affirmed by analysts at Zacks Investment Research. They now have a $10.00 price target on the stock. Advance Auto Parts, Inc. (NYSE: AAP) had its “neutral” rating re-affirmed by analysts at Zacks ...
See all stories on this topic »

Aluminum Bankruptcies

2012-01-30T06:23:00.002-08:00

News

1 new result for Aluminum Bankruptcies

Electric-Car Battery Maker Ener1 Files For Bankruptcy, But Isn't Dead
Green Car Reports
... battery specialists Ener1 made an official filing for Chapter 11 bankruptcy. ... highly temperamental Zebra molten sodium aluminum chloride batteries.

Base Metals Prices

2012-01-30T06:23:00.000-08:00

News

8 new results for Base Metals Prices

Base metals fall on weak global cues
Indian Express
Base metal prices fell by up to Rs 5 per kg in the local non-ferrous metal market today on stockists selling in tandem with a weakening global trend. Trading sentiment in base metal turned bearish after copper declined in global markets on concerns ...
See all stories on this topic »

BASE METALS - European Opening View - Metals fall as China returns to the market
FXstreet.com
Spot copper in Changjiang was up 0.2 percent at Rmb 60050-60300 so is level with the futures, while the LME/Shanghai arb window remains firmly shut with imported metal some $295 above Shanghai futures and spot prices. Equities – the Euro Stoxx 50 ...
See all stories on this topic »

Gold, Silver may come under pressure today: Angel
Moneycontrol.com
Taking cues from fall in gold prices and downside in base metals, spot silver also traded lower by more than 2 percent today. In addition to this, dollar strength also acted as a negative factor for the white metal prices.
See all stories on this topic »

Moneycontrol.com

LME MORNING - Metals easier, correction unfolds as wider markets slacken
Fastmarkets
By Martin Hayes, Chief Correspondent martin.hayes@fastmarkets.com +44(0)20 7929 6339 London 30/01/2012 - Base metals fell across the complex during Monday LME pre-market trading, when the retracement and profit-taking reaction sparked by recent ...
See all stories on this topic »

Commodities surge on US Federal Reserve statement on interest rates
Economic Times
The dollar lost value and precious metals rallied. Gold has gained over 9% in January. Any price correction would be a good entry point given expectations of a strong rally. Base metals gained the most in four weeks as investors bet the expected ...
See all stories on this topic »

APEX FULL YEAR 2011: Base metal forecasts: astounding accuracy
Metalbulletin.com (subscription)
Astounding upon astounding: that is how the 2011 leaderboard for Apex, the Metal Bulletin service that tracks the performance of over twenty top base metal price forecasters, appears when you consider it coldly. Astounding first, because the top five ...
See all stories on this topic »

Gold on the upsurge, silver bullish
Hindu Business Line
While oil prices buoyed on strong US manufacturing data, base metals gained on encouraging fundamental data trends. The base metals complex has rallied since the beginning of the year smartly, but whether it is sustainable is open to question.
See all stories on this topic »

Hindu Business Line

Global recession fears overstated in commodity markets
FXstreet.com
Hence, if our global macro forecast, which implies global growth of 4% over the next two years materialises, it should support global commodity markets, not least business-cycle sensitive base metals and energy. Most speculative long positions in ...
See all stories on this topic »

Web

1 new result for Base Metals Prices

Base metals prices at the overbought face correction - Finance News
[Dow Jones] Kuala Lumpur, a supplier believes that the current overbought base metals prices, facing correction, and the stronger U.S. dollar on profit-taking ...
www.agile-news.com/news-589499-Base-metals-prices-at-the-...

2012 US Presidential Election

2012-01-30T06:22:00.003-08:00

News

10 new results for 2012 US Presidential Election

US election 2012: Mitt Romney surges to double-digit lead in Florida
Telegraph.co.uk
Despite the polls, Gingrich said he expected a close race in Florida, which will be a key battleground in the November election, pitting President Barack Obama, a Democrat, against the eventual Republican nominee. After attending church services in the ...
See all stories on this topic »

Telegraph.co.uk

When it comes to elections, it really is the economy, stupid
USA TODAY
By Adam Shell, USA TODAY NEW YORK – No endorsement on the campaign trail is more powerful for a president seeking re-election than a rising stock market, a declining unemployment rate and a feeling on Main Street that things are getting better.
See all stories on this topic »

USA TODAY

Issue of the week: The GOP presidential race
Sacramento Bee
I believe that true citizens of the United States will elect him as president in November 2012. As a half-century Republican, I am disgusted how the GOP has become the Dixiecrats of today. Where are leaders like Dwight "Ike" Eisenhower, Richard Nixon ...
See all stories on this topic »

Right vs. Left from UVU students
UVU Review
With the US Presidential Elections coming up this year, talk of candidates and political issues can be heard buzzing on Twitter feeds, TV stations, news headlines and even the lips of college students. Using an informal poll of 42 students in the ...
See all stories on this topic »

Oregon Race Previews Medicare as Sleeper Issue in Campaign
BusinessWeek
It's an attack similar to those used in Republicans' successful 2010 campaign to regain control of the US House, and it's a line Republican presidential candidate Mitt Romney is testing in the run-up to the general election. “Let's not forget, only one ...
See all stories on this topic »

Obama thinks revenge-onomics will re-elect him
Washington Examiner
President Barack Obama speaks at UPS, Thursday, Jan. 26, 2012, in Las Vegas. (AP Photo/Haraz N. Ghanbari) There are 1.1 million more unemployed Americans today than when President Obama was sworn into office in 2009. The number of Americans in poverty ...
See all stories on this topic »

Washington Examiner

Obama uses tax proposals for his political message By The Associated Press ...
Laramie Boomerang
Aiming tax increases at millionaires and companies that ship jobs abroad may help frame the fairness theme of President Barack Obama's re-election campaign, but it's a plan that stands virtually no chance of passing Congress.
See all stories on this topic »

Corporate spending and US elections: counteracting the super PACs
The Seattle Times
A vigilant Washington citizenry must brace for an onslaught of super-PAC-driven attack ads as voters choose a president, governor and other elected officials in 2012, warns Congressman Jim McDermott. By Jim McDermott Elections are becoming mud slinging ...
See all stories on this topic »

The Problem With the 2012 Elections
Cornell University The Cornell Daily Sun
By Tony Montgomery Four years ago, I (like many other overzealous Democrats) thought that the 2008 election sounded the death knell for the Republican Party as we once knew it. With their demographics ever shrinking and the American voting public ...
See all stories on this topic »

Why New York could matter in the GOP presidential primary
Syracuse.com
But in a presidential election year that has defied convention, New York Republican leaders and some of those vying for the nomination say New York could be relevant again. For the first time since George W. Bush and John McCain battled in New York for ...
See all stories on this topic »

Syracuse.com

US Job Creations

2012-01-30T06:22:00.001-08:00

News

9 new results for US Job Creations

David Yosifon: Discouraging job creation overseas could backfire on the US
San Jose Mercury News
By David Yosifon President Barack Obama wants to give a tax benefit to companies that keep jobs in the United States rather than moving them abroad. This is a bad idea economically and morally -- which makes it especially scary that it appears to be so ...
See all stories on this topic »

Obama bests Bush on job creation; trickle down failed
Bradenton Herald
15 letter, D. Merrill Adams blames the current joblessness in the US on the “ineffective policies of our socialist-minded political leadership,” namely President Obama. However, let's look at the total picture. According to Politifact.com, ...
See all stories on this topic »

Economic Outlook: focus falls on US jobs data
Financial Times
By Neil Dennis For any guide to the future course of the new year rally, much will depend on this week's US data releases, particularly Friday's non-farm payrolls data. The monthly report on job creation and unemployment in the world's largest economy ...
See all stories on this topic »

Obama tax plan indicates theme of re-election campaign, despite improbability ...
Fox News
They say his ideas would discourage investment and job creation and further hurt an already ailing economy. "He's got to know that none of those things he proposed really have much of a chance of going through both houses of Congress," said Sen.
See all stories on this topic »

Fox News

Irish Jobs: Big indigenous firms internationlise; Young high tech firms with ...
FinFacts Ireland
... but policy-makers face a problem - - big indigenous firms when they expand overseas tend to internationalise both in terms of share ownership and job creation while young high tech firms with potential are invariably sold to bigger American firms.
See all stories on this topic »

FinFacts Ireland

Main Street CEOs Hiring Marks Davos Divergence as Banks Shrink
BusinessWeek
He joined CEOs from Humana Inc. to Tibco Software Inc. in outlining plans for job growth at the same time Wall Street executives including Morgan Stanley CEO James Gorman discussed ways to cope with a shrinking industry. In a twist on US job creation, ...
See all stories on this topic »

Mayor Jackson outlines vision for Savannah
Savannah Morning News
“Poverty is still facing us today,” Jackson said from the pulpit of the Alice Street church. “This is a national problem, but we must continue to work on its reduction in our community. We must focus on job creation. We cannot reduce poverty in our ...
See all stories on this topic »

EU leaders to agree on permanent bailout fund |
Reuters
The summit is expected to announce that up to 20 billion euros ($26.4 billion) of unused funds from the EU's 2007-2013 budget will be redirected toward job creation, especially among the young, and will commit to freeing up bank lending to small- and ...
See all stories on this topic »

Worn-out machines as leading indicator
Reuters
Now small businesses, which drive about half of US economic growth and a big chunk of job creation, are increasing their spending on equipment, too, an important precursor to stronger hiring. But the US jobs report for January, due on Friday, ...
See all stories on this topic »

Oil Prices

2012-01-30T06:21:00.001-08:00

News

10 new results for oil prices

Oil Prices May Rise on Optimism Over Greece Debt Deal: Survey
CNBC.com
Exactly half, or fifty percent of this week's sample group, or five out of ten respondents, expect oil prices The Federal Reserve's pledge to keep interest rates at a record low of zero to 0.25 percent until late 2014 boosted risk appetite across the ...
See all stories on this topic »

CNBC.com

1/30 Business briefs: Oil prices, State Bar and pesticides
Farmington Daily Times
TEHRAN, Iran — The head of Iran's state oil company said Sunday that the price of crude will reach $120 to $150 per barrel, as officials in Tehran prepare to discuss a ban on crude sales to European Union countries in retaliation for an EU embargo.
See all stories on this topic »

VEGOILS-Palm oil hits five-week low on slowing demand, EU summit
Reuters
* Investors eye EU summit for Greece debt swap deal * Palm oil down 3 pct this month, touches new low of 3079 ringgit * Malaysia delays issuing CPO export quotas for 2012-sources (Updates prices, adds details) By Chew Yee Kiat SINGAPORE, ...
See all stories on this topic »

Concern over oil prices
Mid-Day
The fuel price index climbed an annual 14.45 percent, the same as the week before. Onion prices fell steeply by 79.10 per cent, year-on-year, for the week under review, while potato prices were down 22.46 per cent. Prices of wheat also fell by 3.37 per ...
See all stories on this topic »

Mid-Day

Oil product consumption highest-ever despite record oil prices
The Korea Herald
Korea's consumption of petroleum products soared to its highest ever last year despite record-breaking oil prices. Last year's average price of Dubai oil, which accounts for 80 percent of Korea's crude oil imports, jumped 35.6 percent from a year ago ...
See all stories on this topic »

Gas & crude oil price inch upward
WGMD Radio
Gas continues to inch higher and crude oil prices remain changeable thanks to the volatility in the Middle East. The national price for gas increased a penny last week to $3.39 a gallon on Friday and $3.42 on Sunday. However in Delaware the price at ...
See all stories on this topic »

China fuel prices hit trigger point for a hike
Reuters
| BEIJING (Reuters) - The increase in crude oil prices that China's gasoline and diesel prices are based on has topped a trigger point of 4 percent, an industry estimate showed, suggesting Beijing may consider raising fuel prices after its last hike in ...
See all stories on this topic »

Gas Prices On Rise; Crude Oil Price per barrel; Gas Price Per Gallon; Oil and ...
Learning and Finance
Iran does not appreciate imposed sanctions from the West and has threatened more than once to take action to reduce oil exports. Iran has threatened to close the Strait of Hormuz if imposed sanctions are lifted. In the meantime, prices are fluctuating ...
See all stories on this topic »

Oil Declines; Soybeans Fall for Second Day: Commodities at Close
Bloomberg
Prices are 0.1 percent lower this month. NATURAL GAS OIL PRODUCTS Naphtha's premium to London-traded Brent crude futures climbed $5.19 to $138.45 a metric ton at 12:28 pm Singapore time, according to data compiled by Bloomberg.
See all stories on this topic »

Midstaters increasingly switch from oil to gas, spurred by low prices and fall ...
PennLive.com
Right now, you have a situation where there is just a tremendous price disparity.” UGI estimates that the average family of four will save $1000 to $1500 a year at current prices by switching from oil to gas. But it's not just today's prices that ...
See all stories on this topic »

PennLive.com