Hyundai would secure the right to purchase aluminium produced by Adaro's subsidiary PT Kalimantan Aluminum Industry at an early stage of production.

The metals industry has spent weeks debating what to do about supplies from Russia, which is a major producer of copper, nickel, aluminum and palladium.

Almost all major commodities traded higher following China’s move to reduce the time that travelers and close contacts of infected people must spend in quarantine.

Chinese firms have been involved in 89 announced acquisitions and investments in Canadian metals and mining companies in the past decade, according to Bloomberg data.

GM is investing $35 billion to make its lineup fully electric by 2035, while Ford is plowing $50 billion.

Hindalco’s costs surged 24% during the quarter, with power expenses almost doubling.

Rio has struggled to win investor support for the Turquoise Hill deal, forcing it to offer unusual terms to the most stubborn holdouts which appeared to be enough to close the deal.

The government should raise import taxes to 10%-15% on several aluminum products, including scrap to 10% from 2.5%.