Aluminum Mining News

This Rio sale may be more than Australia can swallow: Gadfly

Rio Tinto has hired UBS AG to explore a possible initial public offering on the Australian Securities Exchange after planned trade sales came up short.

Trudeau dodged steel tariffs. Now he's angling to save NAFTA

Donald Trump is already taking up a lot of Justin Trudeau’s bandwidth. Steel tariffs sent it to another level.

Germany's Merkel still hopes for talks on U.S. tariffs

German Chancellor Angela Merkel said Europe must be ready to respond to the unilateral imposition of trade tariffs by the United States but she first hoped for talks on the issue.

Trump sets steel and aluminum tariffs; Mexico, Canada exempted

Trump has also demanded concessions from the European Union and has threatened to hike tariffs on auto imports from Europe.

Gold slips after hitting 1-week high on trade war fears

Fall followed news that a top economic advisor to the Trump administration had resigned, stoking fears of a trade war and knocking down the dollar.

EU warns Trump of trade war, China raises concerns at WTO

Europe and the IMF urged Donald Trump on Wednesday to step back from the brink of a trade war, after the resignation of his economic adviser emboldened those encouraging him to push ahead with tariffs on imported steel and aluminium.

Brazil court denies Norsk Hydro request to resume production

Norsk Hydro ASA to resume full operations at its unit Hydro Alunorte, a court said, in the latest setback after allegations it had contaminated water in the area.

US steel and aluminum tariffs a ‘black day for the world’ — BHP

BHP chief executive officer Andrew Mackenzie believes US President Donald Trump’s plans for steel and aluminum tariffs will harm the global economy.

Trump ups trade pressure on Canada, Mexico; senior Republicans urge rethink

Trump said Canada and Mexico could avoid planned steel and aluminum tariffs if they ceded ground in talks on a new NAFTA trade deal.

Canada retaliation in US tariff row 'like grabbing your own throat'

Crops, meat and energy trade in both directions across the Canada-US border, making it difficult to retaliate against US products in those industries.

China’s staggering demand for commodities

It’s said that in China, a new skyscraper is built every five days.

Trump sours flagging NAFTA talks with steel trade war threats

Canada, the biggest foreign supplier of steel and aluminum to the United States, quickly pledged to retaliate if necessary.

Trump defiant after criticism of steel and aluminium tariffs

U.S. President Donald Trump struck a defiant tone on Friday, saying trade wars were good and easy to win, after his plan to put tariffs on imports of steel and aluminium triggered global criticism and a slide in world stock markets.

Trump says US to impose tariffs on steel, aluminum imports

China has indicated it could retaliate against US steel tariffs by targeting imports of US agricultural commodities.

Norsk Hydro buys Rio Tinto aluminum assets for $345 million

The proposed acquisition also includes an offer for Rio’s 53% stake in the Aluchemie anode plant in the Netherlands and its 50% share in the Alufluor aluminum fluoride plant in Sweden.

Century Aluminum CEO: will recall workers if Trump imposes tariffs

The Commerce Department last week revealed its import restriction options for Trump, including a 7.7% global aluminum tariff on products from all countries.

Toyota to make cheaper electric motors by halving use of rare earths

Asia’s No.1 carmaker has developed a magnet that reduces dependence on neodymium, a key rare earth metal used in the world’s most powerful batteries for electric vehicles.

Moody's bullish on base metals, US steel

Base metals should continue to do well in 2018 along with the US steel industry, though American coal will continue to lose ground to natural gas. 

US Commerce Department proposes hefty import curbs on steel, aluminum

Some U.S. lawmakers and steel and aluminum users have urged caution in any restrictions to avoid disruptions or price spikes in the raw materials.

US seeks to boost output of 35 minerals, reduce import reliance

The administration wants to identify new domestic sources of critical minerals and increase domestic exploration, mining and recycling.

Trump weighs tariffs, quotas on U.S. steel, aluminum imports

Some lawmakers urged him to save steel and aluminum producers in their states, but others urged caution because higher prices would hurt manufacturers.

South32 prepares to spin off South African coal assets within six months

President and chief operating officer Mike Frasersaid company has received a number of offers for the assets, which it up for sale in November last year as part of a shift away from coal.

U.S. Commerce Dept confirms sent Trump aluminum probe results

The Commerce Department confirmed it submitted results of national security investigation into aluminum imports that could lead to broad import restrictions.

Chinalco sees tenfold surge in profits

Aluminum Corp of China, the country's biggest state-run aluminium firm, says 2017 profits rise more than tenfold, without providing a profit figure.

Trump trade talk helping convince China on aluminum, Alcoa says

The Trump administration’s condemnation of cheap Chinese aluminum is helping resolve overcapacity in China even before any measures are implemented.