The following article is courtesy of Reuters. As we have stated many times, the situation in China in regards to the global economic crisis is somewhat different to the rest of the world. The Chinese Government is better placed than probably any other government in the world to take action and to steer the ship […]
The following article appeared in the China Daily recently. (Xinhua) Aluminum Corp of China Ltd (Chalco), the country’s largest producer of the metal, said Friday its 2008 unaudited net profit may fall more than 50 percent from a year earlier. The profit slump reflected large increases in raw materials costs in […]
This news item has flashed around the aluminium world this morning. Here’s the official announcement from the Rio Tinto web site. 02 February 2009 Rio Tinto response to press speculation Rio Tinto notes the recent press speculation regarding discussions with Chinalco, an existing shareholder. As previously announced, the Boards of Rio Tinto are continuing to […]
There is no excerpt because this is a protected post.
China’s National Bureau of Statistics this morning released the figures for Q4 and the full 2008 year. The world’s press will surely report this in full, but here is the view from within China, as given by the China Daily. China’s economy is sending out mixed signals, a raft of figures showed on Thursday, with […]
Recently I posted an article relating to the announcement about Alcoa signing a letter of intent with Weifang Lianxing Carbon. In that post, I mentioned that Alcoa would take control of the sales or Lianxing’s coke, including coke from future expansions. Alcoa has contacted me and advised that the correct wording is that “Alcoa will […]