Shanghai aluminium rose by 1.8 per cent
Shanghai aluminium rose by 1.8 per cent to 10,585 yuan after it too slid by its 4 per cent maximum in the previous session. For full story, click here
Archive for December, 2008
LME aluminium rose $15 to $1,485
LME aluminium rose $15 to $1,485 while Shanghai aluminium rose by 1.8 per cent to 10,585 yuan. For full story, click here
Aluminium has fallen more than 20% since beginning of the year
Aluminium currently at $1,820 per tonne on LME, have fallen just 22% since the first week of January ‘08. For full story, click here
Nalco signs deal with Canadian co
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
Shanghai Aluminium limit down
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
Malco to gain from Vedanta recast
The big restructuring plan from Vedanta shook the prices of both Madras Aluminium (Malco) and Sterlite Industries.The share of Madras Aluminium gained close to 18%. For full story, click here
Three-month aluminium dips
Three-month aluminium dipped to $1,755 a tonne from $1,803. For full story, click here
Will infrastructure spending rebound aluminum?
World aluminum prices recorded a marginal gain on Monday on the back of news that the incoming US administration will be unveiling a major stimulus package. US President-Elect Barrack Obama announced plans for the biggest infrastructure investment since the creation of an interstate highway in the 1950’s.
Vedanta launches share buyback
Mining group Vedanta launches $250 mln share buyback. For full story, click here
Vedanta company suspends mining
The Madras Aluminium Company (Malco) mines bauxite in the Kolli hills some 400km (250 miles) from Madras (Chennai), the capital of Tamil Nadu. For full story, click here
