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The Baltic Dry Index rose 2.44% to 2,562 points.
2026-07-01
The Baltic Dry Index rose 2.44% to 2,562 points.
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Other News
2026-07-01
South32 has agreed to sell most of its aluminum assets to Alcoa in a cash-and-stock deal implying enterprise value up to $5.6 bln. The package includes Worsley aluminum (Australia), Hillside aluminum (South Africa), MRN bauxite mines (Brazil) and equ
South32 has agreed to sell most of its aluminum assets to Alcoa in a cash-and-stock deal implying enterprise value up to $5.6 bln. The package includes Worsley aluminum (Australia), Hillside aluminum (South Africa), MRN bauxite mines (Brazil) and equity in a Brazilian aluminum refinery and aluminum smelter. Alcoa will assume about $1.2 bln of remediation and closure liabilities. The transaction is expected to close in H2 2027; South32 plans an approximately $500 mln tax-free special dividend thereafter. Alcoa says the deal should deliver roughly $900 mln NPV of synergies from optimizing complementary assets.
2026-07-01
China Baowu Taigang Steel Technology Co. said it completed a single-run trial production of T1100S-grade ultra-high-strength carbon fiber, with key performance metrics described as domestic-leading and internationally advanced. Carbon fiber is a stra
China Baowu Taigang Steel Technology Co. said it completed a single-run trial production of T1100S-grade ultra-high-strength carbon fiber, with key performance metrics described as domestic-leading and internationally advanced. Carbon fiber is a strategic material for aerospace and high-end equipment manufacturing; T1100S is a top-tier, high-modulus ultra-high-strength grade with high technical barriers and has been a long-standing focus of domestic new-material R&D.
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