Citi’s mega metals trade shows global markets turning to glut

In the last few months, Citi requested delivery of about 100,000 tons of aluminum and 40,000 tons of zinc — worth over $300 million.

Bloomberg News | October 10, 2023 | 10:24 am

Metal trader misery undercuts supercycle hype as losses pile up

The world’s metal traders are enduring one of their toughest periods in years.

Bloomberg News | October 8, 2023 | 11:35 am

Spotlight still on Vedanta $3 billion debt despite spinoff plan

While equity investors gave the demerger plan a thumbs up, Vedanta’s dollar bonds have tumbled.

Bloomberg News | October 4, 2023 | 5:48 pm

Big Oil, heavy industry discuss emission curbs ahead of COP28

The gathering brought together CEOs from more than 50 companies from the oil and gas sector and the aluminum, steel and cement industries.

Reuters | October 1, 2023 | 8:25 am

Vedanta to split business into six listed companies

The metals-to-oil Indian conglomerate seeks to boost growth amid a financial performance decline by parent company Vedanta Group.

Cecilia Jamasmie | September 29, 2023 | 6:53 am

Chinese and Russian aluminum groups sign deal to deepen ties

The MoU comes ahead of a visit by President Vladimir Putin to China next month.

Bloomberg News | September 28, 2023 | 10:05 am

Vedanta preparing to de-merge sprawling operations

Shares in Vedanta Ltd. have fallen by more than a fifth over the past 12 month.

Bloomberg News | September 27, 2023 | 11:49 am

Alcoa names new CEO in abrupt change as Harvey exits

William Oplinger, chief operations officer, is the natural successor.

Bloomberg News | September 25, 2023 | 4:02 pm

Rio Tinto planning more investments in Canada, but rules out bid for Teck

CEO praised Teck as a “mining champion in Canada” that has attracted the interest of other multinational miners but said that Rio is not looking to make a major acquisition at the moment.

Niall McGee - The Globe and Mail | September 21, 2023 | 4:55 pm

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