Latest Aluminum Corp. Stories

2014-02-24 12:23:21

LONDON, Feb. 24, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report:Global Aluminum Market 2014-2018TechNavio's analysts forecast the Global Aluminum market to grow at a CAGR of 5.90 percent over the period 2013-2018. One of the key factors contributing to this market growth is the use of aluminum in the Automotive industry. The Global Aluminum market has also been witnessing the increase in production capacities by major producers around the world....

2009-06-05 13:14:06

Mining giant Rio Tinto said Friday said it had broken off a politically unpopular $19.5 billion deal with the Chinese government-owned Chinalco. Xiong Weiping, president of Chinalco, the state-owned Aluminum Corp. of China, said we are very disappointed with this outcome, The New York Times reported. The deal would have increased Chinalco's share in the Tinto, an Australian-British company, from 9.3 percent to 18.5 percent. As a consequence, it was sharply criticized in Australia, especially...

2008-09-01 06:00:23

Aluminum Corp. of China said it planned to raise capital in the next two years and diversify overseas after reporting a sharp drop in first-half profit. The top Chinese aluminum maker, known as Chalco, said it would seek shareholders' approval for issuing up to 10 billion yuan worth of 10-year bonds in China in the next 24 months, raising the equivalent of $1.6 billion to restructure its debt and to increase cash flow. Facing fierce competition and scarcer raw materials, Chalco said it...

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