The $787 billion fiscal stimulus plan inched its way through the legislative process and will be ready for presidential sign-off this week but it has already been eclipsed by concern as to what the U.S. government is going to do to recapitaliseits banks. For full story, click here
Aluminum prices are near five-year lows as orders drop from automakers, builders and appliance manufacturers. The global recession, collapsing consumer and corporate confidence and plunging demand for industrial metals have combined to drop the aluminum prices on the LME to their lowest monthly rate since April 2003.
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
International mining group Rio Tinto, one of the world’s largest diversified miners, is decisively increasing its presence in Africa through a series of operational expansions, acquisitions and exploration activities on the continent. For full story, click here
Get our independent commentary on aluminum trends and companies delivered to your inbox.
