Futures market: Overnight, the most-traded alumina 2509 futures contract opened at RMB 3,149 per tonne, with a high of RMB 3,202 per tonne, a low of RMB 3,118 per tonne, and closed at RMB 3,128 per tonne, up RMB 33 per tonne or 1.07 per cent. Open interest stood at 347,000 lots.
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In a week of proud announcements, Emirates Global Aluminium (EGA) has unveiled two noteworthy investment decisions with an intent of sweeping diversification and localisation strategy, while simultaneously contending with mounting geopolitical pressure in its upstream supply chain.
On May 16, EGA ...
Canyon Resources Limited has secured a substantial USD 24.5 million investment from its major shareholder, Eagle Eye Asset Holdings, following the exercise of 350 million options. This move will raise Eagle Eye’s ownership in Canyon to 54.7 per cent and strengthen the company’s cash position, enabli ...
