Aluminum Stockpiles Have Longest Drop in Six Years Led by Asia
Bloomberg reports that aluminum inventories extended their longest decline to six years led by removals in Asia.
Articles Tagged "asia"
$1bn Aluminum Rolling Mill in Abu Dhabi
Abu Dhabi Government’s industrial investment arm, General Holding Corporation (GHC) is using US$1 billion (Dh3.67bn) aluminium mill to employ 3,000 jobs. Aluminium has reached an average of $2,196 a tonne return this 2010 even after the global financial crisis. “The philosophy of GHC is to create industrial projects to attract global players to Abu Dhabi, [...]
Norsk Hydro dipped on rescue bid for Asia Aluminum
Norwegian aluminium producer Norsk Hydro dipped on Monday to comment on reports that it may be interested in purchasing Asia Aluminum Holdings Ltd. For full story, click here
Norsk Hydro scraped Asia Aluminum Bid
Norsk Hydro, Europe’s third- leading aluminum maker, scrapped a plan to bid for Asia Aluminum Holdings Ltd., the failed Chinese metals company, its liquidator said. For full story, click here
Norsk Hydro mum on rescue bid for Asia Aluminum
Norwegian aluminium producer Norsk Hydro dipped on Monday to comment on reports that it may be interested in purchasing Asia Aluminum Holdings Ltd. For full story, click here
Asia’s leading aluminum exhibition will open in Shanghai
Asia’s leading aluminum exhibition, Aluminum China 2009 declared that it will open on June 30 at the Shanghai New International Expo Centre. For full story, click here
Asia Aluminum shareholders stepped up fight for compensation
A group of foreign shareholders is facing heavy losses after a Chinese aluminium company filed for provisional liquidation have hired high-profile financial advisers to represent them, raising the stakes in the battle for the company’s assets. For full story, click here
Flu disrupts mega IPO in Asia
Asia’s leading aluminum products maker had to trim down its IPO scale after the outbreak spooked equity markets. For full story, click here
Asia Aluminum’s bond ratings pitched down
Asia Aluminum’s ratings were pitched down by both Standard & Poor’s and Moody’s Investors Service a day after a court appointed a liquidator for the company and following the withdrawal of a bond buyback offer. S&P analyst Bei Fu, said: We assign a D rating when a company has defaulted or it is in bankruptcy [...]
Asia Aluminum criticised for its bond offers
The results of the ferocious battle between a Chinese aluminum company and foreign investors over the merits of a proposed $1.2bn debt restructuring are set to come out this week. For full story, click here
