Indonesian Govt. Targeting Japanese Aluminum JV For Ownership Divestment
Mineweb reports PIP now has its sights set on Inalum aluminum JV and Nippon Ashan Aluminum.
Articles Tagged "Aluminum Projects"
Aluminum producer’s squeezed
Aluminum producer’s cutbacks have done little to stabilize the metal’s free fall. In London, the price of aluminum fell to $1,321 per tonne from $1,345. In New York, it was selling for 59 cents per pound. Six months ago, the metal’s going rate was $1.50 per pound.
Aluminum’s path to the bottom, are we there yet?
The precipitous drop in commodity prices is putting companies under pressure, particularly feeling the squeeze are oil and metal mining companies. To be optimistic we must note that even though the current conditions are dire, the seeds are being sowed for another big rally in the metals.
