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Apr 26, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

aluminium production

China aluminium output up
Markets

China aluminium output up

BEIJING: China’s primary aluminium production rose 3.2% to 3.39 million tonnes in June from a year earlier,...
Published 17 Jul, 2022 05:19am
Copper retreats on fears over Chinese price crackdown
Markets

Copper retreats on fears over Chinese price crackdown

  • Copper on the London Metal Exchange (LME) was set for its biggest weekly drop since September 2020 after a sizzling rally with near 40% gains since the start of the year to a record peak of $10,747.50 last week.
  • Three-month LME copper had slid 1.6% to a two-week low of $9,884 a tonne, down 3.5% on the week.
Published 21 May, 2021 08:20pm
Russia's Rusal to upgrade technology for 35pc of smelter capacity to cut emissions
Markets

Russia's Rusal to upgrade technology for 35pc of smelter capacity to cut emissions

  • The new cells will have the same total annual production capacity - of 1.4 million tonnes of aluminium. These four smelters in total produced 2.7 million tonnes of aluminium in 2020, or 71% of the company's output.
  • The 10-year project will start this year, and investments, which the Hong Kong-listed Rusal is yet to disclose, will peak in 2022-2027.
Published 14 Apr, 2021 08:41pm
China Hongqiao profit hits record on high aluminium prices; output falls for 3rd year
Markets

China Hongqiao profit hits record on high aluminium prices; output falls for 3rd year

  • Shandong-based Hongqiao posted annual net income of 10.5 billion yuan ($1.62 billion) last year, according to a filing to the Hong Kong stock exchange on Friday.
  • Revenues were up only 2.3% year-on-year to 86.14 billion yuan, however, with Hongqiao also attributing its bumper earnings to lower production costs and lower impairment losses compared with a year earlier.
Published 05 Mar, 2021 06:05pm
Aluminium gains on concern about Chinese supply
Markets

Aluminium gains on concern about Chinese supply

  • Three-month aluminium on the London Metal Exchange was up 0.3% at $2,219 a tonne.
  • Decarbonisation and moving to the carbon neutral target will be a key focus at the two sessions in Beijing this week so that's why aluminium and steel would be in the spotlight because they are energy intensive industries.
Published 03 Mar, 2021 06:00pm