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Codelco unions ready for strike after closure of Chilean foundry
Workers at Chile's state-owned mining company Codelco, the world's largest copper producer, said Saturday they would begin preparations for a nationwide strike after the company announced the closure of its Ventanas smelter. The unions had threatened to strike last...
Aluminium: yesterday’s rebound supported by low stocks and Chinese data
Aluminium prices rose on Wednesday from seven-month lows, supported by falling inventories and strong industrial production data from China, as traders wait to see how aggressively the US central bank will raise rates. The strengthening Chinese data took the market by...
Aluminum: metal extends losses as recession outlook weighs on demand
Aluminum prices accentuated losses Tuesday as investors fear that new closures in major consumer China and a potential global recession could reduce demand for the metal. The most-traded July aluminum contract in Shanghai closed daytime trading down 1 percent at...
Aluminum: Ghana wants to become an integrated producer
Ghana, known for its abundant bauxite reserves, is now aiming to create an integrated aluminum industry in the country. With this goal in mind, Ghana is campaigning and doing its best to find a strategic partner to help improve the state-owned Volta Aluminium...