Sentences with phrase «aluminum prices»

Profit was hit by a $ 30 million accounting charge stemming from a spike in aluminum prices and $ 13 million in special charges related mostly to restructuring.

However, there are challenges, like low aluminum prices, which have weighed on business and caused plant closings.

The Futures Now team discusses why aluminum prices are falling, and where the commodity may head next.

Eventually, supplies fell enough to stabilize aluminum prices.

Australian - British multinational Rio Tinto and Melbourne - based BHP, two of the world's top aluminum producers, were both upgraded to «BUY» this week by CLSA, partly in response to rising aluminum prices but also because they maintain strong balance sheets and are expected to generate favorable free cash flow (FCF) this year.

LONDON, April 20 - Aluminum prices fell for a second day on Friday as a rally sparked by U.S. sanctions against Russia's Rusal, the world's second - biggest producer, appeared to stall.

«If it doesn't (start to fall), that could be a big problem for the smelters,» which are waiting for aluminum prices to recover before increasing production, the trader added.

Cy Twombly Portrait - Rome 1966 Untitled # 20 Edition of 2 Image size 59.4 x 59.4 inches No Borders Archival pigment print mounted on aluminum Price increment according to edition.

The London Metal Exchange (LME) three - month aluminum price hit a seven - year high of $ 2,718 per tonne on April 19 but is now trading back down around the $ 2,250 level.

The London Metal Exchange three - month aluminum price hit a seven - year high of $ 2,718 per tonne on April 19 but is now trading back down around the $ 2,250 level.

Rising costs, including electricity, and «challenging global market conditions,» as aluminum prices reached a four - year low in February, prompted New York - based Alcoa to shutter 147,000 metric tons of capacity in Brazil this year, the company said in an e-mailed response to questions.

The aluminum producer continued to suffer from declining aluminum pricing during the quarter ended in September, and it is expected to post a year - over-year profit decline for the first time in six quarters.

Alcan says higher aluminum prices and the benefits of integrating Europe's Pechiney group helped the company more than double its first - quarter net profit to $ 218 million.

«Investments earmarked for new products and plants will instead be funneled to pay for rising steel and aluminum prices used in existing products and facilities,» Bozzella said in a statement released Wednesday.

Cy Twombly - Rome 1966 Untitled # 26 Edition 2 Image size 59.4 x 59.4 inches No borders Archival Pigment Print mounted on Aluminum Price increment according to edition Limited editio...

The updated forecast assumes current aluminum prices will hold at these elevated levels, Chief Financial Officer Kenneth Giacobbe said on a post-earnings call with analysts.

The combination of a high alumina price and low aluminum price crushes operating margins for those smelters which do not enjoy their own vertically - integrated feed.

Alcoa, in particular, likely suffered from plummeting aluminum prices due to huge supply in China last quarter and is expected to report profit declines from a year earlier.

Arconic: «Alcoa ran a great deal because aluminum prices are up.

LONDON, April 20 - Aluminum prices steadied near seven - year highs on Friday, set for a 9 percent gain on the week after several days of volatile trading as the market digested the impact of U.S. sanctions on Russia's Rusal, the world's second - biggest producer.

Alcoa is targeting the reductions to reduce excess supply in the market and boost margins, after aluminum prices slumped 27 % from highs in 2011.

Aluminum prices surged to their highest level in six years, extending a recent rally that follows the U.S. sanctioning of Russian aluminum giant Rusal.

Russian stocks crashed on Monday, and aluminum prices spiked, after the U.S. levied new sanctions against Russia.

Even if steel and aluminum prices go up due to trade war, Mark Reuss, who oversees product development of purchasing for GM, is not sure it would lead to higher prices in the showroom.

Aluminum prices also fell on the temporary reprieve.

Like most brewers, we are selling an increasing amount of our beers in aluminum cans, and this action will cause aluminum prices to rise.

But new boss Chip Blankenship faces the same old production snafus and aluminum price hikes.

Trump's tariff threats caused short - term aluminum prices to jump by 40 percent, and steel prices by about 33 percent.

The prolonged inventory build has weighed on Shanghai aluminum prices in recent months.

Nearly $ 3 billion is attributable to damage to furnaces at one of VALE's mines, while a further $ 1 billion is attributable to declining aluminum prices decreasing the value of VALE's investment in Norsk Hydro.

Though the market thought the deal was expensive for AA, clearly the company has realized that with aluminum prices under pressure, focusing on building a higher margin value chain in a growth industry (aerospace) is a sound strategic move.

Aluminum prices shook off the proposed 10 % tariff on aluminum imports that the U.S. administration announced in March.

He pointed to the steep drop in aluminum prices this past week, since the U.S. sanctioned Russian oligarchs and companies for meddling in the election.

There is some hope that the company could provide upbeat outlook, as aluminum prices have held above the August lows.

There «s also a concern that higher aluminum prices will cost U.S. jobs as companies that use the product will need to adjust expenses.

Investments earmarked for new products and plants will instead be funneled to pay for rising steel and aluminum prices used in existing products and facilities,» said Bozzella.

Chip Blankenship, who took over as chief executive in January, said the changes were made «due to rising aluminum prices and my deeper understanding of our operations.»

Aluminum prices fell sharply during the third quarter, with cash prices closing at $ 1,562 a ton on Sept. 30, according to FactSet, down 5.1 % during the quarter and 15 % on the year.

The unit's sales (14 % of 2011 totals) typically fluctuate sharply in tandem with aluminum prices.

BEIJING Aluminum Corp of China Ltd, known as Chalco, said on Monday that first - quarter net profits fell by 19.4 percent from a year ago due to lower aluminum prices but one - off gains helped it avoid a much worse result.

Aluminum soars 13 % this week as Russian producer gets hit with sanctions London Metals Exchange, in rare move, echoes U.S. sanctionsIt has been up and away for aluminum prices this week, as traders react to U.S. sanctions on Russia that extend to country's aluminum giant — United Company Rusal PLC..

When the news of sanctions against Rusal broke on April 6, the initial reaction was registered in the aluminum price, both the LME basis price and U.S. physical premiums.

In 2017, the company's income in North America fell 17 percent, in part because of rising steel and aluminum prices.

Their main reasons for panic were that the Chinese government could retaliate with its own tariffs on U.S. goods; that steel and aluminum prices would rise, causing a ripple of inflation; and that Trump's move would spur a full - blown trade war, slowing the economy and potentially even sparking a recession or depression.

Higher steel and aluminum prices would also reduce profit margins for machinery manufacturers.

Aluminum prices have been fluctuating wildly on all this news, up last week on supply concerns then down today after Treasury granted more time for companies to wind down their business with RUSAL.