Aluminum edged up after US President Donald Trump suggested the military campaign against Iran could last weeks, raising the risk of deeper disruptions to exports of the metal from the Middle East. Trump said the US had planned for four to five weeks of military action, but could go longer, even as Defense Secretary Pete Hegseth dismissed the idea of an “endless war.” Any prolonged conflict could ...
Aluminum edged up after US President Donald Trump suggested the military campaign against Iran could last weeks, raising the risk of deeper disruptions to exports of the metal from the Middle East. Trump said the US had planned for four to five weeks of military action, but could go longer, even as Defense Secretary Pete Hegseth dismissed the idea of an “endless war.” Any prolonged conflict could leave aluminum smelters in countries like the United Arab Emirates and Saudi Arabia starved of raw materials and unable to export metal. Aluminum rose as much as 1% before pulling back to trade at $3,196.50 a ton by 10:00 a.m. Shanghai time. That came after Monday’s 1.7% advance. The Middle East accounts for 9% of global aluminum output, and about a fifth excluding China. A month of fully lost production — together with spiking energy costs in Europe — could see prices shoot up to $3,600 a ton, according to Goldman Sachs Group Inc. The bank’s base case is still for aluminum to average $3,150 in the first half of the year. There are already signs of how the situation in Iran is shaking up the aluminum sector. Emirates Global Aluminum — the UAE’s top producer — acknowledged delays to its exports and said it may draw on stockpiles outside the region to meet customer demands. Rio Tinto Group withdrew an initial offer to Japanese customers for second-quarter supply, as the hostilities threatened to raise regional premiums. Other metals on the London Metal Exchange also rose in early trading on Tuesday. Copper was up 0.2% to $13,196 a ton, while zinc rose 0.1% to $3,321 a ton.
Richtech Robotics (NasdaqCM:RR) is facing multiple securities class action lawsuits over allegations that it misrepresented the nature of its relationship with Microsoft. Microsoft has reportedly said the engagement is limited to a standard customer program, not a broader commercial partnership. Law firms are seeking shareholders to act as lead plaintiffs, with regulatory attention increasing as k...
Richtech Robotics (NasdaqCM:RR) is facing multiple securities class action lawsuits over allegations that it misrepresented the nature of its relationship with Microsoft. Microsoft has reportedly said the engagement is limited to a standard customer program, not a broader commercial partnership. Law firms are seeking shareholders to act as lead plaintiffs, with regulatory attention increasing as key filing deadlines approach. For investors watching Richtech Robotics at a share price of...
(RTTNews) - The AES Corp. (AES), a supplier of clean energy to corporations, reported that its net income available to common stockholders for fiscal year 2025 dropped to $900 million or $1.26 per share from $1.679 billion or $2.36 per share in the prior year.
(RTTNews) - The AES Corp. (AES), a supplier of clean energy to corporations, reported that its net income available to common stockholders for fiscal year 2025 dropped to $900 million or $1.26 per share from $1.679 billion or $2.36 per share in the prior year.