Daily Archives: July 12, 2010

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Chalco turns to banks

No sooner did I publish my thoughts on Chalco, than I received this piece from Bloomberg, from a friend of mine, Peter. Peter’s comment was “the beginning of the end?”   The article mentions RMB14.6 billion for capital expenditure.   That’s about US$2.1 billion.   They are building 1.7 million tonnes of smelting capacity, all due for completion by Continue Reading