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Alf Barrios, chief executive Rio Tinto Aluminium, in an interview with Bloomberg, said that in the next 2-3 years, aluminum reserves would drop sharply, and advised the producers of this metal to create additional capacities outside of China. According to him, the growth in demand for aluminum is increasing, and there is no reason to hope for the growth of its exports to the PRC. According to the London Metal Exchange, aluminum stocks in September have fallen to their lowest level since 2007. Their decrease is observed two quarters in a row. Barrios said that Rio Tinto had already begun to expand its smelting capacity in Quebec.
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen South Korea slipping into recession. This came to be the country’s sharpest economic downturn in more than two decades as the novel coronavirus crisis weighed on exports and social distancing measures halted ...
The second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...
The Bank of Thailand chief on Monday said that it could take several years for the country’s foreign tourism industry to recover as the economy continues to take a beating from the COVID-19 pandemic. The central bank expects foreign ...
After a steep decline at the start of the year, China’s economy showed vast recovery in the second quarter despite still getting plagued with major economic debacles in weak domestic consumption and investment amid the unrelenting coronavirus ...
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