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The Commonwealth Bank of Australia indicated that although Chinese industries are sluggish in the H1 of 2010 the demand for copper and aluminum is still expected booming in the future. The PMI in August was 51.4 higher than the performance in July at 51.2. As a result, CBA pointed out Chinese govern...
Sept. 2 (Bloomberg) -- National Aluminium Co., India’s second-largest producer of the metal, may spend $3.8 billion buying a coal mine in Indonesia to secure fuel for its planned power plant in East Kalimantan province. The company is in talks with Indonesian firms, B.L. Bagra, director ...
Higher inventories levels and slag demand will not be helping Aluminium going forward. The prices have shown promising rise in last one-two days but the fundamental picture is still not positive. Total world reported Aluminium inventories appreciated in July as per International Aluminium Institut...
This morning I added Alumina Ltd. (AWC) to the Barchart Van Meerten Speculative portfolio. AWC's principal activities are mining, processing and marketing of minerals, metals, fertilizers, exploration for minerals, and investments in companies producing metals, minerals and chemicals. They are a ful...
The Commerce Department on Tuesday found that the Chinese government unfairly subsidized $514 million of aluminum exports to the U.S. last year.But the U.S. said it wouldn't investigate allegations that China's currency policies function as export subsidies for Chinese manufacturers of aluminum and ...