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China demand to drive 15 year-long Bauxite boom, says Rio Tinto

  Bloomberg China’s quest for raw materials for its aluminum smelters and alumina refineries promises to deliver a 15-year boom for exporters of bauxite, according to Rio Tinto Group, which is spending $1.9 billion to raise output. Global demand is already growing rapidly and will outpace the 4 percent-a-year lift London-based Rio forecasts for aluminum in the medium-to-longer term, Alf ...

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Artisan chocolates from Vietnam fetch $72 a pound in Japan

  Bloomberg Naoko Otsuka didn’t think twice about paying the equivalent of $23 for 5 ounces of chocolate. The dark-brown slivers of sweetness weren’t just a treat, the Japanese homemaker said, but an opportunity to learn more about a superfood. The six bars Otsuka bought from a store in Tokyo’s bustling Shibuya shopping district were made by an artisan manufacturer ...

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USA, China are making great progress in currency talks

  Bloomberg The U.S. and China have made progress on their exchange-rate debate over the years while the Asian nation’s ability to control excess capacity will be central for expanding its economy, Treasury Secretary Jacob J. Lew said on Sunday in Beijing. Lew, speaking to students at Tsinghua University, said China’s government is moving in the right direction on its ...

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