AA, CLNO, ECHO, CRWN, SEAC, - CRWESelect.com Stock Report! Alcoa, Cleantech Transit, Echo Global Logistics, Crown Media Holdings
AA, - CRWESelect.com Stock To Watch! Alcoa New Multi-Year Supply Agreement with Airbus "value of approximately one billion"
Metals investors globally were cheered this week by good news from Aluminum Corp. of China (A.K.A. Chalco).
The aluminum giant swung back into profitability for the first time in a year during the first quarter. Chalco enjoyed net income of 627 million yuan ($92 million) for the past quarter, as compared with a loss of 1.9 billion yuan ($280 million) in Q1 2009.
ETF-izing the Market – Are Producers Getting the Wrong Signal?
Reports this morning that Russian aluminum giant Rusal is looking at launching an exchange-traded fund (ETF) back by physical aluminum.
Rusal said the fund could initially be backed with up to 1 million tonnes of aluminum.
This seems to be the way of the world. Investors are increasingly becoming the go-to buyer for a host of metals.