September 9, 2011

China to be net aluminum importer – Rio Tinto Alcan CEO

China will eventually become a net importer of aluminum but the timing of this shift is uncertain, the chief executive of Rio Tinto Alcan said Thursday.

September 4, 2011

Shanghai to expand copper, aluminum bonded storage fivefold to boost trade volumes

Increased bonded warehousing space in China, the largest consumer of copper and aluminum, may facilitate larger trade volumes as importers benefit from lower costs. Increased bonded warehousing space in China,…

August 29, 2011

Rusal’s profitability drops 20.5% due to increased debt charges and decrease in net share

UC Rusal, the world's largest aluminum producer, said on Monday that it had net profit of US$1.085 million for the first half of 2011, a decrease of 20.5% compared to…

August 29, 2011

Shares of Aluminum Corporation of China (ACH) are down 4.4 pct after the firm reports a 22 pct drop in H1 net profit. The company says losses from hedging activity and rising sales costs socked profits.

Shares of Aluminum Corporation of China ( ACH ) are down 4.4% after the firm reports a 22% drop in H1 net profit. The company says losses from hedging activity…

August 28, 2011

Two RUSAL partners seek to sell out

Two partners in the world's top aluminium producer, UC RUSAL , want to sell their stake to a third tycoon, Alisher Usmanov, owner of an iron ore miner and shareholder…

August 26, 2011

Guinea and China in talks over bauxite mine, alumina refinery

Guinea is in advanced talks with state-owned China Power Investment to develop a bauxite mine and build an alumina refinery, deep water port and a power plant in the West…

August 21, 2011

Production milestone at Sohar Aluminium

Industry in Omani port city celebrates one millionth tonne of aluminium from $2.4b smelter.

August 21, 2011

China to invest $6 billion in Guinea bauxite

Chinese state-owned energy giant China Power Investment Corporation plans to invest six billion dollars to develop bauxite production in Guinea, the world's largest exporter of the main source of aluminium,…

August 19, 2011

Norilsk Nickel Offers $8.75 Bln To Buy Back 15 pct Stake Held By UC Rusal – Update

OJSC Norilsk Nickel Mining and Metallurgical Co. (NILSY.PK: News ) Friday said it has proposed to buy back 15 percent of its stake held by Russian aluminium firm UC Rusal…

August 17, 2011

Funds slash commodity bets

Funds reduced bets on rising commodity prices by the most in any week since February 2010 on mounting concern that a weakening global economy will slow demand for raw materials.…