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China’s Chalco shuts Shandong aluminium plant amid rising power costs

China’s Chalco shuts Shandong aluminium plant amid rising power costs

* Chalco says Shandong unit subject to ‘flexible production’ * Says is considering transformation, upgrade of plant * Company has closed 850kt of capacity since 2018 – consultancy Aluminum Corp of China , known as Chalco, said late on...

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Flagship Volkswagen plant transforms for EV era

Flagship Volkswagen plant transforms for EV era

German auto maker giant Volkswagen has just upped its bet on electric vehicles (EVs) by overhauling its Salzitter plant to focus on production processes for battery cells for the new generation of cars, which the company plans to also start...

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Global aluminium production growth brakes sharply in 2018

Global aluminium production growth brakes sharply in 2018

Global aluminium production grew at its slowest pace in a decade in 2018, and most of that was in the first half of the year. Output totalled 64.34 million tonnes, according to the International Aluminium Institute (IAI), up by just 1.5 percent...

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China’s top aluminum firms gather to address price slump – sources

China’s top aluminum firms gather to address price slump – sources

Representatives from China’s biggest aluminum producers will hold a meeting in the southern region of Guangxi to discuss slumping demand and falling prices, three sources familiar with the matter said on Wednesday. The producers held a...

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China News Weekly 89 – Tencent Music presses play on $1.2 billion U.S. IPO

China News Weekly 89 – Tencent Music presses play on $1.2 billion U.S. IPO

Click here to find more details This is NAI’s new China News Weekly. We will be covering the latest Chinese foreign investment trends every week. To continue to receive our China News Weekly, please click Here to subscribe.

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QME plans to extend spot-trading commodity platform

QME plans to extend spot-trading commodity platform

China’s Qianhai Mercantile Exchange (QME) plans to add more commodities to its spot trading platform, possibly including metals needed for electric vehicles. The QME, owned by Hong Kong Exchanges and Clearing (HKEX) (0388.HK), launched spot...

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Copper price to spring back in 2019, zinc seen flat: Reuters poll

Copper price to spring back in 2019, zinc seen flat: Reuters poll

Copper prices are due to rebound next year as healthy supply/demand fundamentals overcome macro-economic worries, but zinc will be held back by rising output, a Reuters poll showed. The London Metal Exchange index of industrial metals has shed 13...

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HKEX’s commodity trading platform QME starts trading on Friday

HKEX’s commodity trading platform QME starts trading on Friday

Qianhai Mercantile Exchange (QME), a Shenzhen-based commodity trading platform controlled by Hongkong Exchange (HKEX) Group, began trading on Friday, the bourse said in a statement. QME, which so far is only trading physical alumina, said it...

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LME launches new contracts with steel, alumina best placed to succeed

LME launches new contracts with steel, alumina best placed to succeed

New steel and alumina contracts have the best chance of succeeding as the London Metal Exchange (LME) unleashes 10 new products early next year in an attempt to compete more effectively with rival exchanges, industry sources said. The new...

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China’s aluminum smelters cut output in August as costs mount

China’s aluminum smelters cut output in August as costs mount

China’s aluminum producers cut output by 3 percent in August from the month before, government data showed on Friday, as high raw material costs squeeze their profit margins. China, the world’s biggest aluminum producer, churned out 2.84 million...

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Resource Weekly 303 – Canada pushes Trans Mountain pipeline to sell oil to China far beyond US shores

Resource Weekly 303 – Canada pushes Trans Mountain pipeline to sell oil to China far beyond US shores

Click here to find more details This is NAI’s new Resource Weekly. We will be covering the latest news in Mining, and Oil and Gas sectors every week. To continue to receive NAI’s Resource Weekly, please click Here to subscribe.

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