International mining group Rio Tinto, one of the world’s largest diversified miners, is decisively increasing its presence in Africa through a series of operational expansions, acquisitions and exploration activities on the continent. For full story, click here
Read the full article: "Enlarged African footprint for diversified..."
Friday, November 28, 2008
Base metals continued feebling, as industrial production data from Japan highlighted bleak prospects for demand in an oversupplied market. Aluminium stocks fell 1 percent. For full story, click here
Read the full article: "Aluminium stocks fell 1 percent"
Thursday, November 27, 2008
Nalco, India’s biggest state-run producer of the metal, rose 6.2 per cent to Rs 188.10. For full story, click here
Read the full article: "Share prices of Nalco rose 6.2 per cent"
Thursday, November 27, 2008
Aluminum for delivery in three months rose $1 to $1,811 a metric tonne on the London Metal Exchange (LME). Aluminum earlier dropped $15.25. For full story, click here
Read the full article: "Aluminum rose $1 to $1,811 a metric tonne"
Wednesday, November 26, 2008
The Aditya Birla group hasn’t exercised its right to convert warrants of Hindalco Industries that were issued earlier, thereby prompting the warrants to lapse. In the process, the Birla group forfeits Rs 139 crore. For full story, click here
Read the full article: "AV Birla group lets Hindalco warrants lapse"
Wednesday, November 26, 2008
Aluminium prices hit 3-year low of at $1,911 per tonne intra-day on the LME. This should have a negative effect on leading domestic non-ferrous players like Hindalco Industries. For full story, click here
Read the full article: "Hindalco could feel negative effects of..."
Tuesday, November 25, 2008
Among the LME-traded metals, aluminum added 0.2 percent to $1,804.25 a ton. Aluminum for immediate delivery traded between 13,100 yuan to 13,140 yuan a ton at Changjiang, Shanghai’s biggest cash market. For full story, click here
Read the full article: "Aluminum added 0.2 % to $1,804.25"
Tuesday, November 25, 2008
Ess Dee Aluminium on Wednesday informed BSE that it has acquired the Kolkata-based India Foils from Madras Aluminium (Malco). For full story, click here
Read the full article: "Ess Dee acquires India Foils"
Tuesday, November 25, 2008
If there was anyone who had reason to celebrate the failed BHP takeover of Rio Tinto, it would be China, and more specifically Chinese smelters. Last February, Aluminum Corp. of China together with Alcoa, paid $14.1billion for a 12% stake in Rio-Tinto’s London listed shares. Conspiracy theorists said the move was engineered by Beijing.
Read the full article: "Did Beijing foil the BHP Rio takeover?"
Monday, November 24, 2008
Aluminium prices matched a three-year low and copper shed nearly 4 percent as hefty builds in warehouse stocks reinforced concerns about weaker demand, particularly from the auto industry. For full story, click here
Read the full article: "Aluminium hits 3-year low"
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Friday, November 28, 2008