Emirates Global Aluminium has completed construction of the calcination process facility at its Al Taweelah alumina refinery in Abu Dhabi. The Al Taweelah refinery is expected to produce its first alumina in the first half of 2019. At full capacity, it will produce 2 million tonnes of alumina per year, meeting 40% of EGA's alumina requirements. After the completion of the calcination process facil...Read More
A new permitting issue has emerged at copper producer Freeport-McMoRan's unit in Indonesia following the introduction of new environmental requirements in April, the United States-based firm said on Tuesday April 24.[Adds details about tailings management, comments from Freeport chief executive officer.]A new permitting issue has emerged at copper producer Freeport-McMoRan's unit in Indonesia foll...Read More
Alumina prices set a fresh multi-year high on Tuesday April 24, consolidating above $700 per tonne with no immediate respite in supply restrictions on the cards. Metal Bulletin's benchmark daily fob Australia alumina index set a fresh high on Tuesday, calculated at $707.75 per tonne, up from $703.75 per tonne the previous day. The index had dipped to $661.32 per tonne late last week after a c...Read More
Emirates Global Aluminium has completed construction of the calcination process facility at its Al Taweelah alumina refinery in Abu Dhabi. The Al Taweelah refinery is expected to produce its first alumina in the first half of 2019. At full capacity, it will produce 2 million tonnes of alumina per year, meeting 40% of EGA's alumina requirements. After the completion of the calcination process facil...Read More
Australian miner New Century Resources signed a second offtake deal in a week after agreeing to supply trader Concord Resources with 5% of annual output from its Century Mine tailings reprocessing project.The north-west Queensland project, which has a targeted output of up to 507,000 tonnes per year of 51-54.5% zinc content concentrates over an initial 6.3-year mine...Read More
In light of feedback received as part of the consultation on its international cobalt price specifications, Metal Bulletin is seeking additional input from those active in the cobalt market. Have your say by taking part in the review by Friday April 27. Initial feedback was sought between Monday November 27, 2017, and Friday January 12, 2018. Full details of the November 2017 cobalt pricing consul...Read More
Here are 10 key takeaways from Metal Bulletin's and Industrial Minerals' first Battery Materials conference in Shanghai on April 18-19. Bringing online new lithium supply remains a painful process: Bringing new capacity on stream is not easy and it is still difficult to bring new lithium projects online due technical and weather-related issues, as well as lack of investment and know-how, according...Read More
Turkish domestic prices for ferrous scrap from shipbreaking went up slightly during the week that ended on April 23, while domestic auto bundle scrap prices were largely stable, sources said on Tuesday April 24.Metal Bulletin's weekly price assessment for melting scrap from shipbreaking in the Turkish domestic market was $348-355 per tonne delivered, up from last week's $341-352...Read More
A new permitting issue has emerged at copper producer Freeport-McMoRan's unit in Indonesia following the introduction of new environmental requirements in April, the United States-based firm said on Tuesday April 24.[Adds details about tailings management, comments from Freeport chief executive officer.]A new permitting issue has emerged at copper producer Freeport-McMoRan's unit in Indonesia foll...Read More
Base metals prices on the London Metal Exchange are for the most part firmer this morning, Tuesday April 24. The exceptions are aluminium (-0.8%) and tin (-0.1%), while the rest are up by an average of 0.4%, with three-month copper prices up by 0.5% at $6,963 per tonne.On Monday, the United States Treasury's decision that it will not impose secondary sanctions on non-US market participants for doi...Read More
Summary of Anglo American's production results for the three months ended March 31, 2018.(First-quarter total, % change year-on-year) Copper 155,000 tonnes, +9%...Read More
Here are 10 key takeaways from Metal Bulletin's and Industrial Minerals' first Battery Materials conference in Shanghai on April 18-19. Bringing online new lithium supply remains a painful process: Bringing new capacity on stream is not easy and it is still difficult to bring new lithium projects online due technical and weather-related issues, as well as lack of investment and know-how, according...Read More
The demand for graphite in China will rise alongside growth in the new energy vehicles (NEVs) market due to its importance as an anode material in batteries, the chairman of Matrass c-Graphene Science Technology Group said at Industrial Minerals' and Metal Bulletin's inaugural Battery Materials conference in Shanghai on Thursday April 19. The rapid development of NEVs will drive graphite demand in...Read More
China will lead the electric vehicle (EV) battery chemistry evolution - moving from popularized nickel-cobalt-manganese (NCM)523 and NCM622 batteries to the NCM811 battery, while the West would keep NCM622 for longer, according to speakers at Metal Bulletin's Battery Materials Conference, held in Shanghai from April 18-19.The adoption of high nickel-content EV batteries will happen much faster in...Read More
Russian producers of hot-rolled (HR) and cold-rolled (CR) steel sheet have increased their offer prices for May-rolled products to keep domestic market profitability high while the rouble is weak.Normally, Russian steelmakers export around 35% of their steel products output, according to Metal Bulletin estimates. But in the first quarter of this year, Severstal increased the export share of its to...Read More
China's domestic hot-rolled coil prices continued to rise on Tuesday April 24 following early gains in the futures market.Domestic Eastern China (Shanghai): 4,080-4,120 yuan ($647-653) per tonne, up 20-30 yuan per tonne Northern China (Tianjin): 3,990-4,020 yuan per tonne, up 40-50 yuan per tonne HRC futures rose to a high of 3,708 yuan per tonne during the day - 1.7% higher than the Monday's sett...Read More
China's ferrous futures continued to edge up during morning trading on Tuesday April 24, with strengthening domestic demand supporting the physical steel market. Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,584 yuan ($568) per tonne, up 27 yuan per tonne October hot-rolled coil: 3,701 yuan per tonne, up 5 yuan per tonne Dalian Commodity Exchange September iro...Read More
Gerdau has appointed Chia Yuan Wang president of its North American long steel division, with immediate effect, the Brazil-based steel producer said on Tuesday April 24.Wang takes over from Gerdau's chief executive officer, Gustavo Werneck, who took an interim role as president of the North American business after Peter Campo left the firm at the end of January, when a change in the mill's...Read More
Russian steelmaker Severstal, one of two major rebar suppliers in the central region around Moscow, has increased the offer price on its May-rolled rebar because of lower material availability and the weaker rouble, sources told Metal Bulletin this week.Novolipetsk Steel (NLMK), another rebar supplier in the region, had not set its offers for May-rolled rebar at the time of publication.Metal Bulle...Read More
Earnings at Russia's largest steelmaker, Novolipetsk Steel (NLMK), soared by 31% year-on-year in the first quarter of 2018 on favorable pricing conditions and higher export volumes.NLMK's earnings before interest, taxes, depreciation and amortization (Ebitda) for the three months totaled $812 million, against $618 million in the corresponding period last year, according to its latest financial sta...Read More