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-0.0018412415008522 -0.000881179318067251 -0.00703789071067689 -0.00646069901761972 -0.003959535014372 0.000657998530085262 8.08068370280866E-05 0.00375559394949188
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Aluminum price action calms down after recent tumult [Seeking Alpha]

ALCOA (AA)  More Company Research Source: Seeking Alpha
Last alcoa earnings: 4/18 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.alcoa.com
PDF Aluminum price action calms down after recent tumultAluminum prices are stabilizing today following three weeks off frenzied trading, with the price for three-month delivery on the LME rising $22.50/metric ton to $2,229 after several days of sharp losses.The U.S. Treasury Department yesterday moved to loosen sanctions that forced companies around the world to stop doing business with Russian producer Rusal, ending a rally that had spiked the metal from $2K/metric ton to a seven-year high above $2,700.“There is not that sense of urgency any more" following the U.S. action, Erik Bay Gundersen, head of aluminum trading at Mercuria Erik, tellsFinancial Times.Aluminum names including Alcoa (AA+2%), Century Aluminum (CENX+3.7%) and Kaiser Aluminum (KALU+1.2%) are recouping a slice of their recent losses in today's trade.ETFs:JJU,FOILSee all stocks on the move »Now read:Aluminum Prices Drop Sharply This Week After Announcement On Potential Easing Of Sanctions » [Read more]

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