Hindalco Industries Limited plans to raise up to INR5,000 crore ($1.2 billion) through a rights issue to existing shareholders, in a bid to retire loans taken to acquire Canadian firm, Novelis, last year. For full story, click here
Read the full article: "Hindalco Industries Limited To Raise..."
Tuesday, December 30, 2008
London aluminium dropped to a five-year low on Tuesday as worries about slow demand overcame support from a soft dollar and plans to boost China’s economy. For full story, click here
Read the full article: "LME Aluminium hits 5-yr low"
Monday, December 29, 2008
National Aluminium Company Ltd has signed a strategic alliance agreement with Rio Tinto Alcan, a Canadian company and global supplier of bauxite, alumina and aluminum, for increasing its presence in India and abroad. For full story, click here
Read the full article: "Nalco signs deal with Rio Tinto Alcan"
Friday, December 26, 2008
Shanghai aluminium fell by 4 percent limit on Tuesday as worries about slow demand overcame support from a soft dollar and plans to boost China’s economy. For full story, click here
Read the full article: "Shanghai Aluminium prices recorded to be down"
Thursday, December 25, 2008
China’s minerals-rich border region of Guangxi will consider purchasing metals to help support prices, but has not yet decided. For full story, click here
Read the full article: "China’s Guangxi mulls metal purchase..."
Wednesday, December 24, 2008
If BHP Billiton versus Rio Tinto had been a boxing match, it would have got top billing. BHP’s Marius Kloppers and Rio’s Tom Albanese are heavyweight titans of mining. For full story, click here
Read the full article: "How a $130bn mining mega-merger vanished..."
Tuesday, December 23, 2008
According to a government website, Yunnan will buy 300,000 tonnes of aluminium. For full story, click here
Read the full article: "Yunnan will buy 300,000 tonnes of aluminium"
Tuesday, December 23, 2008
Three-month aluminium dipped to $1,755 a tonne from $1,803. For full story, click here
Read the full article: "Three-month aluminium dips"
Monday, December 22, 2008
California based Kaiser Aluminum Corporation plans to close its Tulsa in Okla, plant and scale back operations at its facility at Bellwood in Virginia affecting a combined 170 employees. For full story, click here
Read the full article: "Downsizing deal – Kaiser Aluminum..."
Thursday, December 18, 2008
Aluminum pared declines in LME after China, the world’s largest producer, decided not to lower export taxes that may have boosted supplies. Aluminium declined to $1,478 a tonne. For full story, click here
Read the full article: "Aluminum pared declines in LME"
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Wednesday, December 31, 2008