Before we head into the weekend, let’s look back at some of the top stories on MetalMiner this week.
- Our Stuart Burns wrote about the world’s largest aluminum producer, China Hongqiao Group, and the substantial controversy it has courted on its rise to the top.
- Mining company BHP Billiton announced a $2.46 billion investment this past week, which is much better than “overpriced M&A adventures,” Burns wrote.
- The bell sounded on the first round of North American Free Trade Agreement (NAFTA) negotiations in Washington, D.C. Can the U.S. find a way to tackle its trade deficits? Negotiators have proposed a fairly ambitious schedule for the remainder of the calendar year. The next round of talks was scheduled for Sept. 1-5 in Mexico.
- Money is flowing from different places and to different places, as Burns wrote in his analysis of the changing makeup of global capital flows.
- Indian aluminum production is expected to grow in the next 2-3 years to meet domestic demand, according to a recent report.
- U.S. steel imports are up through the first seven months of the year compared to last year.
- The U.S. seems to be blaming its trade deficits on trade deals — but that might not be accurate.
- On Tuesday, the Department of Commerce issued a preliminary determination on biodiesel imports from Argentina and Indonesia.