Indian-focused mining group Vedanta (VED.L) reported that the company is planning to spin off its aluminium division with an announcement regarding a demerger due as early as this week.
UC RUSAL (0486.HK), the world's largest aluminum producer, is reported to have plans to secure between five and eight major Chinese buyers on long-term contracts to carve a larger share of the world's biggest market for the metal.
Timminco Limited (TSX:TIM) reported that the company will host a conference call on Tuesday, March 16, 2010 at 5:00 pm ET to discuss its financial results for the fourth quarter and year ended December 31, 2009.
Aluminum Investing News reports aluminum demand has improved in Japan.
Aluminum stockpiles in Japan dropped by 15 per cent in June from a month earlier to the lowest level since July last year. Inventories in Yokohama, Nagoya and Osaka ports fell to 207,600 metric tonnes at the end of last month compared with 243,300 tonens on [...]
Aluminum Investing News reports aluminum industry faces tough times in the coming months.
Despite the recent recovery in LME aluminum prices; demand for the stainless steel component remains in the dumps. Without any idea of when demand may stage a comeback, aluminum miners are bracing for more tough times.
For complete story, click this link. Follow developments [...]
Aluminum Investing News reports despite increases in China’s aluminum imports, aluminum fundamentals look bleak.
Imports in the country are rising due to an arbitrage opportunity as Shanghai Futures Exchange aluminum is selling at a premium of $400-$500 per tonne on the London Metal Exchange. The price differential has been created as China’s State Reserve Bureau stockpiling has [...]
Monday, March 15, 2010
0 Comments