Aluminum price to average 6% higher in 2024 on strong demand: Fitch
Analysts also raised its 2024 aluminum price forecast from $2,400/tonne to $2,450/tonne to reflect these expectations.
A joint venture between Indonesian state miners Aneka Tambang (Antam) and Inalum could terminate a contract to build an alumina smelter with its engineering, procurement and construction contractor, an official said on Tuesday, due to lack of progress.
The contract for its $831.5 million smelter could be scrapped if the contractor had no agreement by October, the director of state mining holding firm Mining Industry Indonesia (MIND ID), Danny Praditya, told a parliamentary hearing.
(By Bernadette Christina; Editing by Martin Petty)
Comments