Chinalco could invest $426 million in Suriname bauxite project
If approved by parliament, Chinalco could begin construction by the middle of next year.
Copper futures fell abruptly after the Chinese government ordered 19 producers to cut back copper output, triggering concerns about lower demand from the world’s top consumer of the red metal.
Despite the drop, the industrial metal is still on track for its third weekly increase in four, after hitting a one-month high of $7,119 on Wednesday on European data.
