Russia’s Ukraine invasion to fuel reorientation of commodity markets: BMO
Russia’s invasion of Ukraine, already pushing up prices for an array of commodities rapidly higher since it began on Feb. 24 – including adding a record 250% to the price…
aluminum
Decarbonization plays the metals fiddle in 2022
The recent 26th edition of the Conference of the Parties (COP26) brought about renewed vigour to phase down carbon dioxide emissions across the globe. Still, to get there, the mining…
Guinea junta names AngloGold executive as mines minister
Guinea’s junta has appointed Moussa Magassouba, the director general of AngloGold Ashanti’s (NYSE: AU; JSE: ANG) local subsidiary as the country’s mines and geology minister, two months after the elite…
US markets pick up steam, Oct. 11-15
The Dow Jones Industrial Average rose 548.51 points or 1.58% to 35,294.76 and the S&P 500 climbed 80.03 points or 1.82% to 4,471.37 in the Oct. 11-15 trading week. Spot…
What the energy transition may bring for five battery metals – report
ING Economics has published a new report in which its experts predict what the energy transition might bring for five key metals: copper, aluminum, nickel, cobalt, and lithium. Taking into…
Rio Tinto hit with fresh tax bill in Australia
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has been hit with a A$379 million (US$277.7 million) bill as part of an ongoing dispute with the Australian Taxation Office (ATO) dating…
Robust metals price outlook softens in 2022 – reports
The global metals and mining industry outlook has changed from ‘positive’ to ‘stable’ with a new Moody’s Investors Service report finding that despite most metals prices exceeding historical marks, that…
US markets mixed, Aug. 30-Sept. 3
The Dow Jones Industrial Average dropped 86.71 points or 0.25% to finish the August 30 to September 3 trading week at 35,369.09 and the S&P 500 climbed 26.06 points or…
LME launches digital sustainability passport for aluminum and other metals
The digital credential, known as the LMEpassport, stores electronic Certificates of Analysis (CoAs) or quality assurance documents based on a metal’s size, shape, purity and other characteristics.
Rio Tinto, Sumitomo to assess hydrogen plant at Yarwun refinery
They will jointly study the feasibility of a hydrogen pilot plant at Rio’s alumina refinery in Gladstone, Queensland.
Aluminum, copper, zinc usage from solar energy sector expected to double by 2040 – report
A new report by Wood Mackenzie predicts that the usage of aluminum, copper, and zinc in the solar power sector will double by 2040, thus prompting an increase in demand. …
Glencore paid $5.8B to governments in 2020
Swiss-based multinational miner Glencore (LSE: GLEN) has disclosed US$5.7 billion in taxes, royalties and other government payments in 2020. The diversified mining house says the Covid-19 pandemic caused major production…