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Chinese
Aluminum Imports in 11 Months Up by 9.11% YoY
China's imports of primary aluminum between January and
November grew by 9.11% in 2008 over 2007, despite November imports
tumbling when compared to that of October (Interfax China via
Steel Guru, January 6, 2009).
Will
China's Demand for Aluminum Help U.S. Recycling?
With U.S. recycling markets showing signs of economic
stress, a recent report on the future of aluminum in China brings
positive news (Earth911.com, January 2, 2009).
Homemade
Bullet Trains Set to Run
Starting this year, Koreans will be able to travel across
the country on a high-speed train made with aluminum technology
(JoonAng Daily, January 1, 2009).
Rio's
China Aluminum Stake Sale Seen in Jan-Feb
Rio Tinto has agreed to sell its half in a Chinese
aluminum smelting joint venture to its partner Qingtongxia Aluminium,
and the deal is expected to be completed early next year
(Reuters, December 31, 2008).
Ingolstadt
Readies Next-Gen Flagship, and You're Going to Want One
Audi is charging ahead with its third-generation A8, set
to be unveiled at the Frankfurt auto show in the fall of 2009(Car
and Driver, December 2008).
China
Reserve Agency Stockpile to Buoy Aluminum Sector
China's State Reserve Bureau will buy 300,000 tons of
aluminum at 12,300 yuan (about $1,750) per ton in January 2009 to push
up prices and support producers (Rednet.Cn, December 27,
2008).
Coke
CEO Talks About Sustainability Efforts
Admitting that “sustainability is critical,”
Coca-Cola's CEO, John Brock, told Wharton’s business journal about
some of the company’s environmentally and socially responsible
decisions over
the past few years (Environmental Leader, December 26,
2008).
RSB
Group to Build Aluminum Complex in Orissa
RSB Metaltech has signed an MOU with the Orissa
government in India to build an INR 6,800 core integrated
light metal aluminum complex (YIEH.com via Steel Guru,
December 26, 2008).
Excellence
Award for Alba Smelter
Aluminium Bahrain (Alba), the largest modern aluminum
smelter in the world,
has received the GCC Excellence Award in nationalisation
(TradeArabia News Service, December 26, 2008).
Alcoa
Says Swap Will Make It Biggest Aluminum Producer
Alcoa says it has agreed to an asset swap that will give it full
control of the Elkem Aluminum ANS smelting business, once again making
Alcoa the world's largest primary aluminum producer. (Pittsburgh
Tribune-Review, December 23, 2008).
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