NALCO cuts aluminium price by 4 pc
State-run National Aluminium Co Ltd (NALCO) has cut its aluminium price by 4,000 rupees ($79.4) per tonne effective Thursday, its chairman said. For full story, click here
Archive for November, 2008
Minera Chinalco Peru Selects Global Crossing for its Megaproject
Minera Chinalco Peru has acquired an extensive portfolio of technology and telecommunications solutions for the development of its copper megaproject Toromocho. For full story, click here
Speculators in retreat as conditions test their mettle
This comes as former local market darlings – like Alumina and reputation-scarred OZ Minerals- keep hitting historic, and frankly puzzling, trading lows. For full story, click here
Aluminum was down 1.1 percent at $1,765.25 a ton
The LME-traded metals, aluminum was down 1.1 percent at $1,765.25 a ton. For full story, click here
Ess Dee Aluminium has takes over India Foils
Ess Dee Aluminium has taken over the Kolkata-based aluminium foils maker India Foils from the Vedanta group, controlled by Anil Agarwal. For full story, click here
ESS DEE Aluminium surged over 9%
ESS DEE Aluminium surged over 9% in today’s trade, as the company bought 90% stake in India Foils for Rs 120 crore. For full story, click here
Birla Minerals halts Aussie project
Aditya Birla Minerals, a subsidiary of aluminium giant Hindalco Industries Ltd, has suspended work on the Ezperanza South Project at its Mount Gordon operations in Australia. For full story, click here
Aluminium reaches 3-year low before turning higher
Aluminium touched a 3-year low, before tracking equities higher, while a poor demand outlook for metals continued to dampen sentiment. For full story, click here
Jindal South’s aluminium refinery plan hits hurdle
Jindal South West Aluminium’s investment plan of Rs 9,000 crore to establish 1.4 million tonne alumina refinery and 0.25 million tonne aluminum smelter has run into rough weather. For full story, click here
Aluminum’s low price forces smelters to operate at a loss
At aluminum’s current price around 90% of the world’s smelting capacity is operating at a loss, and this is forcing producers to revise production programs to cope with aluminum’s current price point.
