|Bid||60.30 x 1100|
|Ask||60.35 x 410000|
|Day's Range||60.25 - 61.10|
|52 Week Range||27.92 - 152.75|
|PE Ratio (TTM)||22.86|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Zacks.com featured highlights include Build-A-Bear Workshop, Kura Oncology, Norsk Hydro, Schnitzer Steel Industries and SYNNEX
Producers of "green" aluminium - made using renewable energy rather than fossil fuels - are starting to charge premium prices thanks to rising demand from industrial customers under pressure to reduce their carbon footprints. Operators of smelters powered by hydro-electricity in the likes of Norway, Russia and Canada are promoting their environmental credentials - and stealing a march on others that rely on coal or gas, notably in China and the Gulf. The competitive edge lies not in the metal itself, but the fact that its production requires far lower total emissions of greenhouse gases including carbon dioxide.
Strong data from China kept world shares near a record high on Monday, sent copper to a 4-1/2 month peak while emerging market stocks have achieved a near a five percent gain over the last five days. Figures from Beijing showed China's economy grew at a faster-than-forecast 6.9 percent year-on-year in the second quarter thanks to a pick-up in industrial output and domestic consumption and as investment remained strong.
European shares were poised for their best week in more than two months as investors piled back into equities on signs that the world's major central banks would likely not tighten monetary policy as quickly as some had feared. The move on indexes on Friday was more muted as investors hunkered down ahead of earnings reports from major US banks including JPMorgan and Citigroup later in the day. The pan-European STOXX 600 index rose 0.1 percent while euro zone bluechips were little changed.
Qatar's Qatalum aluminium plant is now exporting metals via ports in Kuwait and Oman, as well as a Qatari container port, following a diplomatic row with neighbours that had blocked shipments, Norsk Hydro told Reuters on Tuesday. "There's a recently completed container port in Qatar which we've begun using, and we also have shipments through Kuwait and Oman, solving this for the short term," Hydro Chief Executive Svein Richard Brandtzaeg said on the sidelines of a conference.
Qatar's Qatalum aluminium plant has found new sea routes to export its metal following a diplomatic row with neighbours that had blocked shipments, Norway's Norsk Hydro, which owns 50 percent of the facility, ...
SINGAPORE/LONDON, June 6 (Reuters) - A campaign by leading Arab powers to isolate Qatar is disrupting trade in commodities from crude oil to metals and food, and deepening fears of a possible shock to the global gas market, where the tiny Gulf state is a major player. Just a day after Saudi Arabia and its Arab allies severed transport links with Qatar over a diplomatic row, bans on Doha's fleet using regional ports and anchorages threatened to halt some of its exports and disrupt those of liquefied natural gas (LNG).
European shares extended their fall on Tuesday, with healthcare stocks particularly weak, as a diplomatic spat in the Middle East dented appetite for risky assets across the board. The greatest downward pull came from healthcare stocks. Swiss drugmaker Roche fell 4.5 percent after investors were disappointed by findings in its Aphinity study for a key breast cancer treatment.
Qatar's isolation by top Arab nations has already hit aluminium exports from a plant part-owned by Norway's Norsk Hydro which warned on Tuesday it would take time to restart them. Saudi Arabia, Egypt, the United Arab Emirates and Bahrain on Monday cut ties with Qatar which denounced the move as predicated on lies about it supporting militants.
Qatari aluminium firm Qatalum may start direct shipments of metals from its plant to unblock exports halted by a regional diplomatic row, a spokesman for Norway's Norsk Hydro said. Until now, the aluminium has been exported by ships from Qatar to the Jebel Ali port in the United Arab Emirates, where it was transferred to larger vessels for exports to customers in Asia, Europe and the United States.
Exports of aluminium from the Qatalum metals plant in Qatar have been blocked after top Arab nations broke off diplomatic ties with the country, Norway's Norsk Hydro said on Tuesday. Norsk Hydro owns a 50-percent stake on the Qatalum joint venture, which produces more than 600,000 tonnes per year of primary aluminium to customers in Asia, Europe and the United States. "Most Qatalum shipments normally go through the large Jebel Ali port in UAE, but this port looks to be closed for all Qatar shipments from Tuesday morning," Norsk Hydro said in a statement.
Previously, we’ve seen how analysts are rating different copper producers. In this article, we’ll see which aluminum stock analysts are bullish on.
Representatives of the U.S. aluminium industry are speaking to EU counterparts and have written to British Prime Minister Theresa May urging action against what they says are "massive illegal subsidies" in China that threaten Western jobs. Trade lawyers and some governments accuse China of unfairly subsidising major industries in breach of the rules of the World Trade Organization (WTO), which it joined in 2001. Following European and U.S. action to protect their steel industries from China, the U.S. this year has shifted the focus to aluminium.
European shares edged higher on Wednesday as Britain was set to formally trigger divorce proceedings with the European Union it joined in 1973. The pan-European STOXX 600 index was 0.2 percent higher by ...
Rating Action: Moody's affirms Baa2 issuer rating of Norsk Hydro ASA, upgrades the baseline credit assessment to baa2 from baa3, stable outlook. Global Credit Research- 28 Mar 2017. London, 28 March 2017-- ...
For commodity companies like Rio Tinto (RIO), the industry outlook is as important, if not more important, than the company’s position in the industry.