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India's Hindalco Looking to Buy Copper Mines-Exec

Chinese Banks' Forex Surplus Tops $92b in Q1

MUMBAI June 8 (Reuters) - India's top aluminium maker Hindalco Industries (HALC.BO) is still looking to acquire copper mines, a top executive said on Tuesday. 
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&quot;Our objective is to have 40 percent of our concentrate requirement coming from our own mines. We are still short of that,&quot; Managing Director Debu Bhattacharya said. He declined to give details.
Hindalco operates copper mines in Australia under its unit, Aditya Birla Minerals.
Hindalco last week reported consolidated 2009/10 results, including those from its Canadian unit Novelis, with net profit more than doubling to 39.26 billion on net sales of 607.22 billion.
Hindalco, which produces aluminium and copper, reported strong growth on a rebound in metals prices and stronger output. 
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India's Hindalco Looking to Buy Copper Mines-Exec_SMM | Shanghai Nonferrous Metals

Exclusive: China's base metals output in August

SMM Morning Comments (Sep 10): Shanghai base metals were mostly lower as investors eye ECB meeting

SMM Evening Comments (Sep 11): Shanghai nonferrous metals declined for the most part, zinc advanced 0.73%

SMM Morning Comments (Sep 8): Shanghai base metals were mostly higher on Tuesday morning  

SMM Morning Comments (Sep 9): Shanghai base metals extended overnight losses amid unfavorable macroeconomic environment  