Japan’s refined copper production is expected to increase by 5.5% in the second half of fiscal 2025 compared to the same period a year earlier, according to Reuters calculations based on smelter plans. This increase is primarily attributed to reduced maintenance activities and solid demand. The financial second half covers the period from October to...
READ MORERio Tinto and Arcadium Lithium plc have announced a definitive agreement in which Rio Tinto will acquire Arcadium in an all-cash transaction valued at $5.85 per share. The deal values Arcadium’s share capital at approximately $6.7 billion. Arcadium is a vertically integrated producer of lithium chemicals, with an annual production capacity of 75,000 tonnes of...
READ MOREUS aluminium products producer Novelis, a subsidiary of India’s Hindalco Industries (Aditya Birla Group), has commissioned Italian equipment supplier Danieli to build a flat-rolled sheet production facility at its Bay Minette plant, currently under construction in Alabama. The facility will have an annual capacity of 1 million tonnes, focusing on aluminium scrap recycling and aluminium...
READ MORESual Partners, controlled by Viktor Vekselberg and his partners, is seeking to prevent the proposed buyback of UC Rusal shares. According to Vedomosti, UC Rusal is pursuing the buyback to capitalize on its share of the asset in the absence of dividend payments. UC Rusal’s main shareholder, En+, founded by Oleg Deripaska, holds a 56.9%...
READ MOREA team of Russian researchers has synthesized unique ferromagnetic films made of palladium and iron using the molecular beam epitaxy (MBE) method, according to the Institute of Physics and Technology (ITF). “We have adapted molecular beam epitaxy technology to synthesize gradient magnetic thin films based on a ferromagnetic alloy of palladium and iron. The resulting...
READ MOREThe premium for aluminium shipments to Japanese buyers for the October to December period has been set at $175 per metric ton, reflecting a 1.7% increase from the previous quarter, according to four individuals directly involved in pricing talks. This rise aligns with higher premiums seen in Europe. The new figure surpasses the $172 per...
READ MORERusal’s aluminium exports fell by 4% year-on-year to 2.19 million tonnes in the first nine months of 2024, according to company data reviewed by Interfax. During the same period, the total volume of aluminium transported by Rusal, including domestic shipments, decreased by 1% to 2.69 million tonnes, based on information from Russian Railways. Notably, aluminium...
READ MORENorwegian aluminium producer Norsk Hydro has completed a capacity expansion project at its Cressona smelter in Pennsylvania, USA, with an investment of approximately NOK 1 billion ($94 million). The expansion includes the installation of a new extrusion press with a force of 3,000 tonnes, enabling the production of aluminium profiles up to 12 inches (305...
READ MOREAurubis, one of the world’s leading multi-metal producers and a major copper recycler, has announced a EUR 16 million investment in its Stolberg copper rolling mill in the Rhineland, Germany. The investment includes two new core units—a hood annealing line and a stretch-bending line—to enhance the competitiveness, energy efficiency, and safety of the site. The...
READ MOREStatistics from the Mercantile Exchange of Vietnam (MXV) indicate a significant increase in trading activity last quarter, with precious metals emerging as the most actively traded asset in Vietnam, accounting for 21.5% of the trading volume on MXV. Other metals, such as copper and silver, also showed notable trading activity, ranking seventh and ninth with...
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