Trinidad got Chinese funds for Aluminum Smelter
A deal signed on Tuesday with the government of China has cleared the way for Trinidad and Tobago to move ahead with construction of its first aluminum smelter plant. For full story, click here
A deal signed on Tuesday with the government of China has cleared the way for Trinidad and Tobago to move ahead with construction of its first aluminum smelter plant. For full story, click here
Alcoa announced that it will suspend production at its East Plant and cut 170 jobs there. For full story, click here
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.
A top Bahrain business group has formed a joint venture with an Indian industrial house to set up a $100 million company for the manufacture of aluminium fluoride. For full story, click here
Norsk Hydro to permanently shut 120,000 tonnes of aluminium capacity at its Karmoy smelter in Q1 2009. For full story, click here
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