ACH News and Press, Aluminum Corporation of China Limited American Depositary Shares From 03/22/22

Aluminum Corp. of China (ACH +2.6%) reports its FY 2021 net income soared more than six-fold to its best performance in 14 years, thanks to rising alumina and aluminum prices as well as higher production. Chalco's full-year net profit totaled 5.08B yuan ($798.6M), the company said in a filing...

Aluminum prices in London jumped following after Australia's announcement that it will ban exports of alumina and aluminum ores to Russia, raising fears of supply disruption of the metal. LME aluminum (LMAHDS03:COM) surged as much as 5.1% to $3,554/metric ton and recently traded +3.7% at $3,5...

The S&P Materials Select Sector Index closed -0.37% for the week, while the Materials Select Sector SPDR Fund (NYSEARCA:XLB) moved -1.24%. Prices for aluminum and other base metals are pulling back, despite continued worries about Russian supply. "There is across commoditie...

The S&P energy sector (NYSEARCA:XLE) rose 2% this week even as U.S. benchmark crude oil posted its first weekly loss since Russia invaded Ukraine, capping a week of volatile trading that isn't likely to let up soon. WTI front-month crude (CL1:COM) closed Friday +3.1% but ended with a 5.5%...

Guinea's government has ordered a halt of all activities at the Simandou iron ore deposit owned by Rio Tinto (NYSE:RIO) and others, saying it had not seen progress towards developing the long-stalled project and it wants more details on how Guinea's interests will be preserved. Simandou is th...

Alcoa (NYSE:AA) +3.1% pre-market, looking to continue its scorching gains with aluminum prices surging to yet another record peak, as the war in Ukraine intensifies the threat of commodity supply disruptions from Russia. According to Reuters, three-month aluminum (LMAHDS03:COM) on the London ...

London aluminum prices jump to another all-time high, reaching as high as $3,525/metric ton before trimming gains to $3,416/ton, +1.7%, amid increased Western sanctions including blocking some Russian banks from the SWIFT international payments system. Century Aluminum (CENX +2.1%) pops to a ...

Prices for aluminum and nickel prices climb to multiyear highs in London, Reuters reports, after Russian President Vladimir Putin recognized breakaway regions in east Ukraine and sent troops into the area as "peacekeepers." Benchmark aluminum (LMAHDS03:COM) on the London Metal Exchange, alrea...

The S&P Materials sector closed this trading week in green at +1.95%, one of the top gainers for the five-day period. The Materials Select Sector SPDR (NYSEARCA:XLB) was also up +1.01%. Copper futures (HG1:COM) closed at the same levels as it did at the start of the week, but su...

Gainers: CONSOL Energy (NYSE:CEIX) +13%. Century Aluminum (NASDAQ:CENX) +11%. Aluminum Corporation of China (NYSE:ACH) +9%. Alcoa (NYSE:AA) +9%. Huadi International Group Co. (NASDAQ:HUDI) +8%. Losers: Battalion Oil (NYSE:BATL) -9%. Whiting Petroleum (NYSE:WLL) -9%. Denbury (NYSE:DE...