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Aluminum is on a roll and it’s taking its makers with it.
Guinean bauxite miner CBG's operations were halted again on Tuesday by protesters who blocked roads and train tracks in the town of Kamsar over power cuts, three sources said. Deadly riots froze mining operations in the town of Boke and surrounding region including Kamsar last week, the latest in a series of protests to grip the West African country this year. CBG's operations resumed Monday afternoon but protesters again erected barricades overnight, stopping a train that runs between its mine and factory and preventing employees from going to work, a company official and agency source said.
Previewing Alcoa Corp (NYSE: AA )'s fiscal year third-quarter results, Morgan Stanley said it expects a beat from the company. As such, the firm has an Overweight rating on the shares of Alcoa and a $47 ...