1 Chinese aluminium production hits a fresh all-time high in June
Chinese aluminium production hits a fresh all-time high in JuneChinese aluminium production hits a fresh all-time high in June Source: The Economic Times
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2 India May Allow National Aluminium to Split its Shares, Chronicle Reports
India’s government may allow National Aluminium Co. to issue free shares and split the stock to boost liquidity, the Financial Chronicle reported, citing a mines ministry official it didn’t identify. The state-owned metals producer prefers a stock split to selling a stake in the company, the newspaper said. Source: Bloomberg
02:20:14
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3 BSE 17976.92 +19.55
Aluminium traded a shade lower by Rs 0.25, or 0.26 per cent, at Rs 96.65 per kg in futures trade today after speculators booked profits amid approaching monthly expiry. Source: Business Standard India
09:39:11
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4 17,938.35
Shanghai Aluminium on-warrants were down by 770 tonnes to 364239 tonnes on 28July 2010. Source: India Infoline
04:20:42
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5 Nalco to relocate its second aluminium plant to Sundergarh
The state-run National Aluminium Company (Nalco) has zeroed in on Sundergarh in western Orissa to relocate its second aluminium cum power complex, estimated to cost about Rs 16,000 crore, after the originally selected site of the project in Jharsuguda district ran into problem on environment grounds. Source: Business Standard India
03:23:45
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6 Two killed, four hurt in blast
Two kids were killed and four others injured when an aluminium can they found in a vat off Dum Dum Road, near Hanuman Mandir, exploded on Thursday afternoon. Source: The Telegraph
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7 Chinalco expected to sign iron ore deal with Rio Tinto today
Trading in the shares of Aluminium Corporation of China (Chalco) were suspended yesterday in both Shanghai and Hong Kong, ahead of a signing ceremony in Beijing later today where a joint venture with Rio Tinto is expected to be formalised. Source: Daily Telegraph
05:38:36
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8 Smelter workers fear job cuts impact
The Australian Workers Union (AWU) says moves to slash 100 jobs at the Kurri Kurri aluminium smelter in the New South Wales Hunter Valley have created a climate of fear and uncertainty amongst workers. Source: Yahoo!7 Finance
23:41:46
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9 Rio, Chalco sign $1.5b venture
Rio Tinto and the Chinese aluminium firm Chalco have signed a $1.5 billion binding agreement to jointly develop the Simandou iron ore project in Guinea. Source: Australian Broadcasting Corporation
08:57:39
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10 17,950.83
Aluminium is moving higher in Indian futures markets on the back of declines in the inventories data yet again. The prices have moved higher by almost a percent in the mid-day trades. Source: India Infoline
09:04:13
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