China data boosts iron ore futures, traders optimistic
NewsTotal shipments from Australia and Brazil – significant iron ore suppliers – decreased by 12.5% week-on-week to 22.08 million tons for the week ending March 18.
Chalco cuts alumina capacity
NewsAluminum Corp of China Ltd (Chalco), the world’s third largest alumina producer, is shutting a further 1 mt of production at its Shandong plant and has also shut aluminium smelters in Shandong and Henan provinces.
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