Aluminum firms to receive direct power supply
The Chinese government has chosen 15 aluminum producers to start direct power supply business, in a bid to further cut their costs. For full story, click here
Articles Tagged "power"
Record high LME stocks overwhelm stimulus’ potential
Aluminium for delivery in three months on the London Metal Exchange fell to a low of $1,279 a tonne – the lowest level since November, 2001. Record high stocks were responsible for the overwhelming downward pressure. Aluminium LME warehouse inventories leapt by 13,125 tonnes to stand at 3.17 million tonnes, their highest ever.
Aluminum may gain due to power shortage in China
Barclays capital reported that Aluminum may gain as power shortages force producers in China to cut output. For more information, click here
