The U.S. dollar index reached an 11-week high on Wednesday, October 16, rising 0.29% to 103.52 as investors dismissed the possibility of a sharp rate cut by the Federal Reserve at its next policy meeting and considered the implications of a potential Donald Trump election victory. The benchmark 10-year U.S. bond yield closed at 4.018%,...
READ MOREHunter Environment Lobby (HEL) is claiming a rare win against mining giant Glencore after the company announced it was withdrawing its HVO Optimisation Project proposal from assessment by the federal environment department. HEL spokesperson Jan Davis expressed satisfaction, stating, “We are delighted that HVO has walked away without a fight, but we know they’ll be...
READ MOREFollowing a meeting involving opposition members and representatives of the associations We Won’t Give Jadar Up and the Alliance of Serbia’s Environmental Organizations (SEOS), Ecological Uprising leader Aleksandar Cuta Jovanovic announced on the evening of October 14 his support for a “nationwide people’s uprising against miner Rio Tinto.” Jovanovic called on citizens to organize blockades...
READ MOREThe European aluminum industry needs urgent support to remain competitive in the face of high energy and raw material prices, according to Paul Voss, CEO of the European Aluminium Association, in an interview with S&P Global Commodity Insights. Voss highlighted that European aluminum producers face significantly higher electricity costs compared to their counterparts in other...
READ MOREA recent study has found that there are approximately 823 million unused or broken electrical goods across the UK, containing up to 38,449 tonnes of copper. This quantity could supply 30% of the copper required to transition the country to a decarbonised electricity grid by 2030. Copper is a vital component for solar and wind...
READ MOREAllies led by the United States are seeking to leverage financial networks to increase investments in mineral projects, with the goal of securing a stable supply of critical resources for clean energy and high-tech industries. Jose Fernandez, U.S. Undersecretary of State for Economic Development, Energy, and the Environment, told Bloomberg that the Minerals Security Partnership...
READ MOREA $1 million grant from the U.S. Department of Energy (DOE) has been awarded to Sougata Roy, an assistant professor of mechanical engineering at Iowa State University, to explore the use of additive manufacturing for producing shields and other components for nuclear reactors. The research aims to leverage 3D printing techniques to create tungsten-based alloys...
READ MOREThe U.S. Department of Commerce has finalized its decision in an anti-dumping investigation regarding aluminium extruded profiles and related products imported from 14 countries. These countries include China, Colombia, Ecuador, India, Indonesia, Italy, Malaysia, Mexico, South Korea, Thailand, Taiwan, Turkey, the UAE, and Vietnam. The investigation has resulted in anti-dumping duties ranging from 2.02% to...
READ MOREAurubis prepares for lower copper demand Next year we should expect a lower level of demand for copper. The metal is used in various industries and construction. This is supported by the fact that the European metallurgical giant Aurubis notified its customers that it will set a $228 per tonne premium for copper in 2024....
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Cameroon’s extractive industry’s governance practices are currently being examined by the Extractive Industries Transparency Initiative (EITI) in a routine procedure referred to as “Itie validation”. However, the shadows cast by the 2021 Glencore scandal, exposing a massive global corruption web implicating two Cameroonian companies, has added more urgency to this examination. Background In 2021, EITI...
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Cagliari, Oct. 6 – Leading alumina company, Eurallumina, has stated its intent to begin collective dismissal procedures if an addendum to an existing memorandum of understanding regarding the activation of an extraordinary redundancy fund isn’t endorsed by the pertinent ministries. This development follows a prolonged 14-year dispute. The information was brought to light by the...
READ MOREAnalysis of Investments and Dividends: Russia’s Ministry of Finance has pointed out financial imbalances within the nation’s mining and metallurgical complex (MMC). Over the last decade, Russian MMC companies have generated an operating cash flow of 25 trillion rubles, yet reinvested only 8.5 trillion. This considerable disparity has led to discussions about financial practices in...
READ MOREFormer head of Rosaviation, Alexander Neradko, intends to take a position at Norilsk Nickel. This information was provided to TASS by a source close to the Ministry of Transport. “He will move to Norilsk Nickel, to the position of vice president. Two possible companies were discussed for his move – Aerodynamics and Norilsk Nickel, he...
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In a significant move, the United States has expanded sanctions on Russia, marking the largest update this year. Key Russian figures, including Iskander Makhmudov and others, face new U.S. sanctions effective September 14. The machine building sector sees several entities added to the sanctions list, such as Transmashholding, AvtoVAZ, Sollers, and more. Further entities affected...
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Indonesia has formally requested trade negotiations with the United States to include critical minerals in a trade deal, enabling exports from the Southeast Asian nation to be eligible for coverage under the U.S. Inflation Reduction Act, according to a statement from the Indonesian Ministry. The request was presented during a meeting between Indonesian President Joko...
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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