Alcoa Inc

Rapidly, market consensus seems to have shifted to a view that base metal prices have peaked. The firm uptrend of earlier this year has been interrupted, and market participants have become increasingly worried over growth prospects.

U.S. stock markets rose slightly over the period Aug. 25-31. The S&P 500 index was up eight points, or 0.73%, and the Dow Jones Industrial Average gained 0.74%, or 75.29 points, to close at 10,173.92 points.

Pittsburgh-based Alcoa (AA-N) will shed 140 jobs by year-end by closing an automotive parts plant in Northwood, Ohio. The aluminum giant cited “excess capacity” at the facility as the reason for the closure.

Two majors, Alcoa (AA-N) and Newmont Mining (NEM-N), are engaged in grassroots exploration for gold in Suriname.

The period ended July 20 was punctuated by a hefty second-quarter loss by Freeport-McMoRan Copper & Gold, which stemmed primarily from a major rockslide last October at its giant Grasberg mine in Indonesia.

The world’s two largest aluminum producers — Alcoa (AA-N) and Alcan (AL-T), of Pittsburgh, Pa., and Montreal, Que., respectively — are considering joining forces to build an alumina refinery in Guinea, West…

Over the period ended April 20, America’s big coal producers dominated the greatest-value-change list, with Peabody Energy leading the way by rising US$1.35, to US$48.

A forecast for a continued decline in the greenback, outlined in the research booklet Focus 2004: Outperformers and Underperformers for 2004, underpins much of Scotia Capital’s predictions for the glo…

Alcoa kicked off earnings season by tallying fourth-quarter net income of US$291 million, or US33 per share, on US$5.5 billion in sales, compared to a loss of US$223 million on sales of US$5.1 billio…

With base metal prices rising across the board in response to a weakening U.S. dollar, U.S.-listed base metal majors basked in new multi-year highs during the 4-day period ended Dec. 22.Alcoa led the …