Copper Rises for Second Day on U.S. Economy; Aluminum, Zinc Gain
Bloomberg.com reports that Aluminum was trading up today, fueled in part by a positive report on the US economic outlook
Archive for 2010
Power constraints, costs to weigh on Chinese aluminium output
Mining Weekly.com reports that China will soon be required to seek Aluminum abroad, to meet their increasing need.
Sberbank to Place Rusal Russian Depositary Receipts From Dec. 23
Bloomberg.com reports that OAO Sberbank intends to commence placing Russian depositary receipts for shares in United Co. Rusal on Dec. 23.
Rio to Invest $1 Billion in Canadian Aluminum Smelters
Bloomberg.com reports that Rio Tinto (NYSE:RIO) plans to spend $1B to expand aluminum smelters in Quebec and British Colombia.
Fitch Ratings predict stable outlook for global metals in 2011
Mineweb.com reports that Fitch Ratings predicts that metals and steel raw materials will experience growth through to 2012, but notes that aluminum may have trouble due to large inventorie
World aluminum prices expected to average higher in 2011 – ABARE
Steel Guru.com reports that there is expectation that in 2011, globally, Aluminum prices will increase
Novelis Sells Debt in Biggest Junk Offer Since October
Bloomberg.com reports that Novelis Inc has sold $2.5 billion of bonds, due to declining premium investor demand.
BHP South Africa aluminum plant strike yet to impact Japanese buyers
Platts.com reports that the strike at BHP Billiton’s(NYSE:BHP) South African Smelter, has yet to impact their largest buyers, Japan.
Barclays Capital blows cold on base metal ETP’s
Mineweb.com reports that, according to Barclays Capital, base metals ETPs are not likely to appeal to investors in the way that precious metals ETPs do.
Aluminum Stockpiles in Japan Decline for Third Month
Bloomberg.com reports that Japanese Aluminum stockpiles have dropped for the third month in a row.
