SYDNEY—The crisis engulfing property developer China Evergrande Group is causing iron-ore prices to buckle, as investors worry that pressure on China’s huge property market will translate into lower appetite for steel.
Evergrande’s difficulties are the most visible sign of the worsening climate for Chinese real-estate companies, and economic data point to a broader malaise in the sector, with home sales by value contracting nearly 20% year-over-year in August, and construction starts down this year.
Alcoa’s San Ciprián smelter streamlines operations, stakeholders unveil strategic roadmap
Viva unveils SOLID X: India's first ready-to-install solid aluminium panels at BAU Expo
December aluminium extrusion exports fell over 40% M-o-M, likely to remain weak in the short term
