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Australia’s Nickel Industry Faces Severe Downturn Amid Global Supply Glut

Australia’s nickel sector is teetering on the edge of financial distress, with the mining behemoth BHP revealing a significant $2.47 billion asset write-down, primarily linked to its Nickel West division. The Australian government, recognizing the severity of the situation, has classified nickel as a critical metal, enabling the industry to tap into a nearly $4 billion support fund. The precipitous…

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    Century Aluminum Company to Acquire 55% Interest in Jamalco Alumina Refinery

    Century Aluminum Company to Acquire 55% Interest in Jamalco Alumina Refinery

    Century 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 to the terms of the...

    Rusal intends to build a plant for the production of auto disks in Uzbekistan

    Rusal intends to build a plant for the production of auto disks in Uzbekistan

    The 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 of Companies is currently discussing...

    Axing aluminium from the Critical Raw Materials list was a mistake

    Axing aluminium from the Critical Raw Materials list was a mistake

    The 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 (EPP). Since 2010, the Commission...

    Norsk Hydro to supply Porsche with low-carbon aluminium

    Norsk Hydro to supply Porsche with low-carbon aluminium

    Norsk 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 a similar deal late last...

    Rio Tinto Q1 Bauxite Production Down 11%, Aluminium Production Up 7%

    Rio Tinto Q1 Bauxite Production Down 11%, Aluminium Production Up 7%

    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 2022, driven by the continued...

    Drought in China’s Yunnan set to cap province’s aluminium output

    Drought in China’s Yunnan set to cap province’s aluminium output

    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 after unusually low rainfall reduced...

    Palladium: A story of ups and downs

    Palladium: A story of ups and downs

    The global palladium market is at a turning point: it’s becoming cheaper, but there are also conditions that point to a possible increase in its price. The structure of palladium consumption is changing, preparing the market for a significant transformation. Unnecessary negativity The price of palladium is dropping, which is making investors nervous. In January this year, the price of...

    Rio Tinto begins construction of its new billet casting centre in Quebec

    Rio Tinto begins construction of its new billet casting centre in Quebec

    Rio 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. The CAN$240 million investment will...

    Alcoa Expands its EcoSource™ Low-Carbon Alumina Brand to Include Non-metallurgical Grade Alumina

    Alcoa Expands its EcoSource™ Low-Carbon Alumina Brand to Include Non-metallurgical Grade Alumina

    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 primarily used in municipal water...

    Japan’s ban on aluminium exports to Russia makes no sense

    Japan’s ban on aluminium exports to Russia makes no sense

    A new package of sanctions adopted by the Japanese government against Russia is due to come into force on 7 April. The measures it envisages include, among other things, a ban on aluminium shipments. To all appearances, the Japanese government expects it to deal a devastating blow to consumption of the winged metal in Russia. In reality, there would hardly...

    Russian tycoon Deripaska cleared of contempt of court in London

    Russian tycoon Deripaska cleared of contempt of court in London

    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 over a joint venture to...

    MMK’S Turkish plant launches hot rolling complex

    MMK’S Turkish plant launches hot rolling complex

    MMK 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 on March 31 and produced...

    Nornickel completing last stage of Taimyrsky mine rehaul to extend production capacity, lifespan

    Nornickel completing last stage of Taimyrsky mine rehaul to extend production capacity, lifespan

    Russian 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 completion. The cost of the...

    France sets sights on ‘lithium club’

    France sets sights on ‘lithium club’

    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 and gas corporation Equinor, which...

    Top miner vows to use sulfur neutralization byproduct as construction material

    Top miner vows to use sulfur neutralization byproduct as construction material

    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 is required for Nornickel and...

    Steel Dynamics bets on aluminium

    Steel Dynamics bets on aluminium

    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 in the US aluminium industry...

    Global aluminium producers offer Q2 premiums of $125-$145/T

    Global aluminium producers offer Q2 premiums of $125-$145/T

    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, reflecting a view from producers...

    US slaps new tariffs on over 100 Russian commodities, including aluminum

    US slaps new tariffs on over 100 Russian commodities, including aluminum

    The 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 increase costs for aluminum that...

    Russian scientists develop multilayer material for parts’ impact resistance

    Russian scientists develop multilayer material for parts’ impact resistance

    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 will be useful in the...