Aluminum Investing News reports the failed BHP Rio takeover bid.
Last February, Aluminum Corp. of China together with Alcoa, paid $14.1billion for a 12 per cent stake in Rio-Tinto’s London listed shares, giving it a 9 per cent share of the Rio Tinto Group. Aluminum Corp put up most of the money, and many saw the move a tactical [...]
Tin Investing News reports global markets affected by the recent turmoil with tin prices falling as demand for raw materials decreases.
Tin was the best performing metal on the LME this year, but has now dropped 41% from its record high of $25,500/tonne reached in May. Up until last week, the metal was up for the [...]
Zinc Investing News reports the price of zinc recovered over the last week.
BHP Billiton Ltd., which currently sits at around US$58 per pound (NYSE PLC), has been in the news for some time now. The Australian company has a take-over plan for Rio Tinto in the works, in order to create “the world’s premier diversified resources [...]
Wednesday, November 26, 2008
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