Argonaut Securities

South32’s Bottom Line Punished By Weak Aluminium Prices In FY 2019

South32’s Bottom Line Punished By Weak Aluminium Prices In FY 2019

A drop in aluminium prices thanks to the heightening trade war between the United States and the People’s Republic of China took a serious toll on Australian metals miner South32 Limited’s results for the fiscal year of 2019, as the firm reported...

-

Events

Aluminium Price Drop Sinks Chalco Profits by 19.4 Percent in Q1

Aluminium Price Drop Sinks Chalco Profits by 19.4 Percent in Q1

Aluminum Corp of China Ltd (Chalco) released first-quarter results on Monday, turning in a net profit in the quarter lower by 19.4 percent from the previous year. For the just-ended quarter China’s biggest state-run aluminium smelter recorded CNY308.6 million in net profits, off from adjusted net profits of CNY382.9 million in the first quarter of […]

-
Rio Tinto Sweetens Pacific Aluminium Package with Australian Alumina Assets

Rio Tinto Sweetens Pacific Aluminium Package with Australian Alumina Assets

Mining giant Rio Tinto Group is adding two alumina refineries in Australia to the Pacific Aluminium portfolio in an effort at sweetening the deal for potential suitors, according to a trio of sources claiming familiarity with the matter. According to an article run by Reuters earlier this week, Rio Tinto included the QAL and Yarwun […]

-
China’s Aluminium Production Drops for Second Consecutive Month

China’s Aluminium Production Drops for Second Consecutive Month

In a sign that China’s aluminium juggernaut may finally be losing steam, numbers from the Middle Kingdom indicate that the country’s non-ferrous metals output reached a one-year nadir last month. Production of ten non-ferrous metals, namely copper, aluminum, lead, zinc, nickel, tin, antimony, mercury, magnesium, and titanium, dropped by 2.2 percent last month to a […]

-