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The production of primary aluminum in Asian countries without China, which did not publish data for the last two months, in the first quarter increased by more than 15% compared to the same period last year to 1 million 84 thousand tons, according to the International Aluminum Institute. At the same time, the reduction in metal production was registered in North America - by 5.2%, in South America - by 4.4%. In March, the volume of aluminum production in the world without China accounted for 2 million 232 thousand tons. According to the IAI, the average daily output of aluminum in the world increased to 176 thousand 800 tons in March compared to 172 thousand 900 tons a year earlier.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Asian stocks advanced on the prospect of ultra-easy monetary policy as the U.S. Federal Reserve kept interest rates near zero. Fed deemed it necessary to salvage the ailing economy, dragging the dollar down to a two-year low. The target range ...
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