Prices of non-ferrous metals are likely to remain range-bound in the near term despite an improvement in demand conditions, rating agency ICRA on Sep 8th said.
China will allow overseas investors to establish and own shipping enterprises, according to new guidelines that aim to boost the deficit-plagued sector.
The Aluminum Corporation of China Ltd. (Chalco), the country's largest smelter of the industrial metal, posted a first-half net loss of 4.123 billion yuan (669 million U.S. dollars), a staggering increase of 3.53 billion yuan from a year earlier.
Winter for China's coal mine industry may be longer and more severe than expected as a third coal mine behemoth announced plans on Monday to reduce production amid plunging prices.
South Korea may have the reputation as the world's largest manufacturer of offshore engineering equipment, but its earning ability is no longer as strong as it used to be.