Month: December 2018

China's Chalco shuts 470,000 tonnes of aluminium capacity as price slump bites

BEIJING – Aluminum Corp of China Ltd, known as Chalco, is cutting output on some of its aluminium production lines in northern China, it said on Friday, as Chinese aluminium prices sank to a fresh two-year low. China’s biggest state-run...

/ December 1, 2018

S.Africa's main iron ore export rail link closed until Dec. 9

CAPE TOWN – South Africa’s main iron ore export railway line has been closed until Dec. 9 after a truck badly damaged a railway bridge, state-owned freight group Transnet said on Friday, sending shares in Kumba Iron Ore lower. The...

/ December 1, 2018

Construction on $4B Indonesia EV battery project begins Jan 2019 – minister

* Indonesia to become “main player” in lithium batteries * Well positioned to meet nickel, cobalt demand for EVs * Minister says Indonesia will “control world market” (Adds quotes, detail) JAKARTA – Developers will begin building a lithium battery project...

/ December 1, 2018