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Trading Ideas

RPT-COLUMN-Sustainability the new battleground for aluminium producers: Andy Home

The U.S. aluminium producer has just announced a five-year review of around 4.0 million tonnes of alumina capacity and 1.5 million tonnes of smelter capacity. It’s not quite an annual event but Alcoa shareholders have been here many times before as the company keeps trying to move down the cost curve in the face of chronically depressed prices. On the London Metal Exchange (LME) three-month aluminium has ground steadily lower over the course of 2019 and at a current $1,720 per tonne is close to the near three-year low of $1,705 recorded earlier this month. …read more […]

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Trading Ideas

Tesla’s Futuristic Door Handles Blamed for Death in Fiery Wreck

(Bloomberg) — The futuristic door handles on Tesla Inc.’s Model S are being blamed for a fatal crash in which a police officer was unable to pull a man to safety from his burning car.Omar Awan, a 48-year-old anesthesiologist, was driving his leased Tesla in February when he lost control on a south Florida parkway and the car slammed into a palm tree, according to a wrongful death lawsuit filed in state court in Broward County.A police officer couldn’t open the doors because the handles were retracted and bystanders watched helplessly as the car filled with smoke and flames, according …read more […]

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Business News

Exclusive: Trump’s G7 and trade adviser Kelly Ann Shaw to leave White House – officials

President Donald Trump’s G7 and trade adviser, Kelly Ann Shaw, is leaving his administration for a position in the private sector, White House officials said on Tuesday, marking the departure of one of the most senior women on the president’s economic team.

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