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The S&P 500 Materials sector closed this trading week in red, down 3.83%. The Materials Select Sector SPDR (XLB) also registered a 3.66% dip. Most industrial metals stumbled on Friday amid concerns that Chinese COVID lockdowns and rapid monetary tightening will suppress met...
Crude oil futures fell for the third week out of the last four, as investors worried that weaker global growth, higher interest rates and COVID-19 lockdowns in China will hurt demand. WTI crude for June delivery (CL1:COM) closed -4.1% for the week to settle at $102.07/bbl, while June Brent (C...
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CHICAGO, April 05, 2022 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) will report first quarter 2022 earnings on Thursday, April 28, 2022 after the close of market trading. The news release will be issued through GlobeNewswire. The company will hold a follow-up conferenc...
Century Aluminum Company is in the Aluminum Market. The market is expected to see significant growth over the next several years. After a tumultuous 2020, company revenue saw a massive rebound in 2021, posting record totals. A partnership with Ocean GeoLoop has seen the company ma...
Aluminum and steel stocks are surging as Australia banned alumina exports to Russia and Europe considers prohibiting Russian steel. Among major movers: NASDAQ:CENX +10.6%, NYSE:AA +10%, NYSE:X +5.7%, TMST +5%, NUE +4.7%, CLF +4.5%, KALU +4.1%. Australia said its ban on exports of alumina and ...
Century Aluminum (NASDAQ: CENX) stock shot up Monday morning and was trading up 10.1% as of 1:55 p.m. ET. Shares of a rival company just received a massive price target upgrade from an analyst, and some of the reasons behind it are applicable to Century Aluminum as well. On Mond...
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...
Aluminum prices rise for a second straight day on hopes of economic stimulus in China, the biggest consumer, but the London Metal Exchange's attempt to reopen trading in the nickel market was delayed for hours due to problems with the LME's electronic system. According to Reuters, LME benchma...
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...
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CHICAGO, July 12, 2024 (GLOBE NEWSWIRE) -- Century Aluminum today announced that its Jamalco bauxite mining and alumina production joint venture has returned to full production following the impact of the recent Hurricane Beryl in Jamaica. No injuries to employees nor significant damage occurred ...
CHICAGO, July 10, 2024 (GLOBE NEWSWIRE) -- Century Aluminum applauds the Administration’s decision to toughen the rules on aluminum imports from Mexico. The introduction of the “smelted and cast” provision is an important first step in curbing aluminum transshipments and unfa...
CHICAGO, May 14, 2024 (GLOBE NEWSWIRE) -- President Biden today announced that his administration would triple existing tariffs on Chinese aluminum imports pursuant to Section 301 of the Trade Act of 1974. Today’s action provides a clear and strong response to China’s unfair tr...