American aluminium producer Century Aluminum released results for the first quarter of 2023 this week. Though production fell in the quarter, the financial results were better in the opening three months. In the first three months of 2023, Century shipped 169,471 metric tons, down on the quarter from 181,165 metric tons last year. Net sales...
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The raised funds will be used by Group 6 Metals to start operations at the Dolphin tungsten mine in Tasmania. Australian miner Group 6 Metals has unveiled plans to raise A$30m through a share placement and share purchase plan (SPP) to begin operations at its Dolphin tungsten mine on King Island, Tasmania. It secured commitments...
READ MOREEmpty factories and warehouses haunt and remind small communities daily of Pennsylvania’s past contributions. Now, a global company hopes to bring back some of that economic vitality to Williamsport. On Wednesday, Pennsylvania Industrial Development Authority (PIDA) approved a $3 million loan for Chance Aluminum Corporation in Williamsport. Chance Aluminum, branch of AA Metals is expected...
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Tool company works with researchers to use scrap metal in small-scale forging process. Sheffield, United Kingdom-based Footprint Tools has been engaged with regional researchers on a project it says could spark a recycling revolution in industrial forging that “unlocks a step change in the manufacture of safety critical components for the aerospace, defense and energy...
READ MOREConstellium SE (NYSE: CSTM) announced today that its Aheadd® CP1 aluminium additive manufacturing powder was approved for use in Formula 1 cars beginning in the 2024 season. Constellium has partnered with Velo3D and PWR Advanced Cooling Technology to start providing highly efficient, compact, and lightweight heat exchangers for Formula 1 vehicles along with a variety...
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Russian top miner Nornickel’s board recommended not to pay dividends for the previous year — for the first time in 14 years — due to growing geopolitical risks, which had a negative impact on the company’s finances. The company recently faced a perfect storm of looming sanctions, external uncertainty, the upcoming payment of windfall tax...
READ MORECentury Aluminum Company (NASDAQ: CENX) today announced that it has entered into an agreement with Noble Group Holdings Limited (“Noble”) to acquire Noble’s 55% ownership interest in Jamalco, a bauxite mining and alumina production joint venture in Jamaica. Jamalco has annual alumina production capacity of approximately 1.4 million tonnes and employs over 900 people. Pursuant...
READ MOREThe Russian company Rusal plans to build a plant for the production of car wheels in Uzbekistan, Vladislav Vasilyev, director of the department of metallurgy and materials of the Ministry of Industry and Trade of the Russian Federation, said at a panel session of the Innoprom. Central Asia in Tashkent. According to Vasiliev, Rusal Group...
READ MOREThe European Commission’s exclusion of aluminium from the EU’s list of strategic raw materials is unacceptable because of the metal’s importance to key industries of the future, writes Anna-Michelle Asimakopoulou. Anna-Michelle Asimakopoulou is vice-chair of the European Parliament’s committee on international trade. She is affiliated with Greece’s New Democracy party and the European People’s Party...
READ MORENorsk Hydro (NHY.OL) will supply Porsche AG (P911_p.DE) with low-carbon aluminium and eventually recycle its battery materials as the luxury carmaker moves to decarbonise its supply chain, the companies said on Wednesday. Makers of electric cars are looking to replace steel with aluminium to make car bodies and batteries lighter to increase mileage. Hydro signed...
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Global primary aluminium output rose 0.5% year on year in March to 5.772 million tonnes, data from the International Aluminium Institute (IAI) showed on Thursday. Estimated Chinese production was 3.387 million tonnes in March, the IAI said. Learn more: Nasdaq
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Rio Tinto plc (RTPPF.PK, RIO.L, RIO, RTNTF.PK), on Thursday, reported Q1 Bauxite production of 12.1 million tonnes was 11% lower than the first quarter of 2022 as the company’s Weipa operations were affected by higher-than-average rainfall during the annual wet season. First-quarter Aluminium production was 0.8 million tonnes, 7% higher than the first quarter of...
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Severe power shortages in China’s southwestern Yunnan province are likely to cut aluminium production in the country’s fourth-largest producing province, analysts and producers said, but weak demand will cap price rises. Yunnan, which accounts for about 12% of China’s aluminium capacity, has forced electrolytic aluminium producers to reduce their power usage since September last year...
READ MORERio Tinto has begun construction to increase its capacity to cast low-carbon, high-value aluminium billets by 202 000 t at its Alma, Quebec smelter. The existing casting centre will be expanded to include new state-of-the-art equipment such as furnaces, a casting pit, coolers, handling, inspection, sawing and packaging systems. Commissioning is scheduled for the 1H25....
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Alcoa has announced the expansion of the Company’s EcoSource™ low-carbon alumina brand to now include certain grades of non-metallurgical alumina. First launched in 2020 for smelter-grade applications (SGA), EcoSource is the world’s first and only low-carbon alumina brand. Now, it is also being offered in non-metallurgical (NMA) grades, including hydrates and calcined materials. Hydrates are...
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Russian aluminium tycoon Oleg Deripaska was cleared of contempt of court by London’s High Court on Wednesday in a long-running legal battle with his former business partner. The founder of aluminium giant Rusal (RUAL.MM) was alleged to have breached an undertaking to the court in a lawsuit brought by former Russian finance minister Vladimir Chernukhin...
READ MOREMMK Metalurji, part of MMK Group, has resumed operation of its hot rolling production complex. The plant was forced to suspend operations for several months due to the earthquakes in southeast Turkey and unfavourable economic conditions. The plant’s specialists launched an electric steelmaking shop with a casting and rolling module at the Dörtyol production site...
READ MORERussian diversified metals producer Nornickel is rehauling its Taimyrsky mine, and the upcoming completion of the Bolshoi Gorst area project is set to increase its production capacity, the company announced. Nornickel launched the investment project targeting the Bolshoi Gorst area in 2009. The project was divided into five parts, and the final one is nearing...
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Lithium de France has successfully completed its latest funding round, raising EUR 44 million after equity was allotted to institutional buyers including Arverne Group, Equinor Ventures and Hydro. It is worth nothing that Arverne Group, the main investor in Lithium de France, implements geothermal projects in France, Equinor Ventures is a subsidiary of Norwegian oil...
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Russian diversified metals producer Nornickel announced on Tuesday it had successfully tested gypsum — a byproduct of its flagship environmental project, the Sulfur Programme — for its use in making construction materials. To conduct lab tests, the miner joined forces with Russian producer of mortars and drywall materials Volma. Now, only formal environmental impact assessment...
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US-based Steel Dynamics has begun construction on a flat-rolled aluminium plant in Mississippi. The project cost is estimated at USD 2.2 billion, with operations expected to get underway in Q1 2025. The site will have an output of 650,000 tons of low-carbon aluminium sheets per year. The move has been received as an extraordinary event...
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Global aluminium producers have offered Japanese buyers premiums of $125-$145 per tonne for April-June primary metal shipments, up 45%-71% from this quarter, five sources directly involved in quarterly pricing talks said. The offers, if agreed by buyers, would mark the first increase in six quarters and the highest level since the October-December quarter in 2022,...
READ MOREThe White House announced on Friday a new round of Russia sanctions, which included tariffs on imports of more than 100 commodities from Russia to the United States. “Today’s action will result in increased tariffs on more than 100 Russian metals, minerals, and chemical products worth approximately $2.8 billion to Russia. It will also significantly...
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Scientists from the Institute of Laser and Welding Technologies of the St. Petersburg State Marine Technical University (SMTU, or ‘Korabelka’) developed a multilayer material using direct laser growth, which will allow parts to withstand dynamic loads longer. The study was published in the International Journal of Advanced Manufacturing Technology. Why it matters The new material...
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