Primary aluminium weekly: Chinalco & Rio Tinto CEOs discuss mutual growth strategies focussing on the aluminium industry
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Update time : 2024-04-07 16:02:05
At the Chinalco Group headquarters on March 24, Chairman Duan Xiangdong met with Jakob Stausholm, CEO of the Rio Tinto Group, and his accompanying delegation. The discussions were thorough, emphasising the enhancement of practical collaboration to attain mutually advantageous growth. India's diversified natural resources firm Vedanta Limited disclosed its operational results for Q4 FY2024 and the full year on Thursday, April 4. The company unveiled production figures for both aluminium and alumina. Vedanta reported that its aluminium output volume for Q4 FY2024, concluding on March 31, reached 598,000 tonnes. This marked a 4% year-on-year rise from 574,000 tonnes. Press Metal Aluminium Holdings Berhad, a Malaysian-based integrated aluminium producer, is expected to report a greater net profit for the first quarter (Q1) of 2024, bolstered by the increased spot prices of the metal, despite fluctuating production costs.
