Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
China’s alumina output rose by 5.4% year-on-year to 6.41 million tonnes in June, its highest in more than two years, according to data released by the National Bureau of Statistics on Tuesday.
Figure is highest monthly total since May 2017, according to records on the bureau’s website, and comes as prices for the aluminium raw material in China have slumped to their lowest since August 2017 on oversupply.
(By Tom Daly; Editing by Christian Schmollinger)
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