LKAB plots carbon-free pathway with direct reduced iron switch
LKAB has presented its new strategy for the future, setting out a path to achieve net-zero carbon emissions from its own processes and products by 2045, while securing the company’s operations with expanded mining beyond 2060. Jan Moström, President and CEO of LKAB, said the plan represented the biggest transformation in the company’s 130-year history, […]
Aluminium to underperform against the rest of the base metals sector in coming months – ANZ
Aluminium has been one of the best performers in the base metals sector as the Chinese stimulus has boosted demand. And while the outlook remains positive, there are signs things are abating. More importantly, there is a wave of supply threatening to overwhelm the market, strategists at ANZ brief. Key quotes “Demand has been supported by strong […]
Tata Steel to sell Dutch unit, cutting back on European operations
– India’s Tata Steel is in talks to sell its 7.5 million-ton-per-annum plant in the Netherlands to Sweden’s SSAB, cutting back on its European operations even as it expects the U.K. government to dole out long-term support for its loss-making facility at Port Talbot in Wales. The due diligence for the sale is expected to be completed in […]
Nickel hits 1-week low, tracking Shanghai stainless steel losses
Nickel prices hit a one-week low on Tuesday after the benchmark Chinese futures contract for stainless steel slumped to the weakest in five months as producers faced high input costs and sluggish demand. Three-month nickel on the London Metal Exchange dropped as much as 1.5% to $15,655 a tonne, its lowest since Nov. 10. Tech, […]
Aluminium at highest in nearly two years on China demand
Aluminum prices advanced to their highest in nearly two years on Tuesday as speculators bought on expectations of further tightness in China, which would be only partly offset by higher output in the top producer and consumer. Benchmark aluminum on the London Metal Exchange (LME) climbed 1.5% to $1,980 a tonne by 1700 GMT, its […]
Pebble submits final piece for fed permit
Pebble Limited Partnership has submitted a compensatory mitigation plan for Pebble, which is the final piece needed for the U.S. Army Corps of Engineers to finalize a record of decision for the world-class copper-gold-molybdenum-silver-rhenium mine project in Southwest Alaska. Following publication of a Final Environmental Impact Statement for Pebble in July, the Army Corps sent […]
‘Mining at any cost’: Yukoners say territory needs major mineral development overhaul
Outdated mining legislation, “token” consultation with First Nations, violence against Indigenous women at mine sites and a reclamation system that falls flat — these are just a few concerns that Yukoners raised during a public engagement process about the territory’s mining regime. From a collection of 3,000 survey comments, 90 interviews, 63 written submissions and […]
US Steel Stock Staring At A 45% Drop?
After rising almost 120% from its March lows of this year, at the current price of almost $11, US Steel Corp stock (NYSE: X) looks highly overvalued. US Steel stock rallied from $5 to $11 off its recent bottom, compared to the S&P 500 which increased 60% from its recent lows. The stock has been able to […]
Post Brexit, UK government more likely to support Port Talbot plant: Tata Steel
NEW DELHI: Tata Steel will focus on making its operations in the UK self-sustaining post Brexit, the company’s management said, even as it is in negotiations with SSAB Sweden to divest the rest of its European business in the Netherlands. The company has said that it is in talks with the UK government to support loss-making operations at its […]
Global and United States Steel Rebar Market 2020 Upcoming Trends, Growth Drivers and Challenges, Forecast to 2026 by Commercial Metals Company, Essar Steel, Evraz plc
Global and United States Steel Rebar Market Research 2020-2026 may be a historical summary and in-depth study on the present & future market of the Steel Rebar industry. The report represents a basic summary of the Steel Rebar market share, competition section with a basic introduction of key vendors, prime regions, product varieties and finish industries. This […]