查看更多>>摘要：At the end of the week ending Friday March 8, nickel and zinc hit fresh highs at the London Metal Exchange Friday on follow-through buying, as funds and speculators continued buying spree after breaking key resistance levels. "Both metals were looking fairly confident after yesterday's rally and people seemed happy to back it just on the technicals," said an LME dealer. "The question now is whether these levels can be sustained."
查看更多>>摘要：The mines ministry has favoured an American Depository Receipt issue for diluting government stake in National Aluminium Company. Cabinet Committee on Disinvestment had earlier cleared disinvestment of 30 per cent stake in the aluminium major through ADR/GDR issue along with domestic float. However, it had left open the percentage of stake to be offered through various routes. ADR issue is being favoured because the department felt that the company can withstand the pressure of gong for the issue.
查看更多>>摘要：France firm Pechiney SA is planning to set up a 700 million dollars Greenfield alumina project in Orissa. According to the chairman of Pechiney Jean-Pierre Rodier, the company has already sent an application to the Orissa government for bauxite mining rights as soon as they get government's permission, the company will start exploration work. The unit will be built and operated by Pechiney. Rodier also added that Pechiney is interested in picking up a state in Nalco as and when the government decides to put the public sector unit on the block. It is worth noting that a couple of years back, Pechiney has approached Nalco with a proposal to jointly develop a Greenfield alumina project. According to Rodier, Pechiney is still waiting for a reply from Nalco regarding that proposal. He did not rule out the possibility of integrating the operations of Nalco and the greenfield alumina project if Pechiney manages to get on the driving seat at Nalco.
查看更多>>摘要：On March 4,2001 Balco went into the hands of Sterltie Industries to be greeted only by a prolonged strike which lasted over two months causing large losses. Later on Supreme Court upheld the sell off and work has resumed, pots have been repaired and the plant is said to be back to normal.Chairman Anil Aggarwal is talking of increasing the smelter capacity to 250,000 to 350,000 tons with matching alumina refinery and the current year would see whether any definite action is being taken on this.
查看更多>>摘要：Australian aluminium producer Comalco Ltd. will export some aluminium to the U.S. but is likely to shift some output back to Asia, Sam Walsh, the company's chief executive, said. "Certainly Asia is a natural market" and the company would like to think the majority of Comalco output goes into its natural market, Walsh said. But "we're keen to actually keep that foot in the U.S. and European market," he added.
查看更多>>摘要：Japan's 2002 nickel metal imports are likely to stay low, little changed from an estimated 24, 139 metric tons last year, in line with Japan's slowdown in manufacturing activity, according to forecasts by two major international trading companies in Tokyo. Nickel metal has the highest purity, and doesn't include ferro nickel. Imports in 2001 were down 50 percent from 57,859 tons in 2000 due to Japan's recession.Japan is the world's biggest nickel user. Weak demand in Japan and other countries pulled the London Metal Exchange benchmark nickel contract down to a 33- month low of dollar 4,290/ton in early November.
NSTL