Ian Levy is betting that the loss of China’s largest bauxite supplier will mean big gains for Australian producers of the ore used to produce aluminum. China, the biggest base-metals user, saw bauxite imports plummet after a January ban on shipments by Indonesia, which sought to limit ore sales to spark investment in higher-value domestic […]
Aluminum factories in China are rolling more metal into shapes for beer cans and cigarette packaging, maintaining an eighth year of surplus even as producers from Alcoa Inc. to United Co. Rusal curb output.
Aluminium rallied to the highest level in more than two months amid signs that smelters were finally beginning to respond to low prices by…
A legal challenge by the United States to Chinese export subsidies that takes aim at aluminium products is set to revive industry concerns that China could cut a sales tax refund that has boosted exports and eased a supply shortfall in Asia. The U.S. on Wednesday launched a legal challenge to Chinese subsidies supporting billions […]
As depressed light metal prices continue to batter the global aluminium industry, China’s State Reserves Bureau, Beijing’s stockpiling agency, plans to buy up to 300kt of aluminium for delivery between April 1 and May 31.