Aluminum Mining News

LME to launch monthly 'implied pricing' for base metals

Starting on July 30, the LME will start providing a set of synthetic monthly prices for the six main base metals —  copper, aluminum, zinc, lead, nickel and tin.

Pain for aluminium shorts as LME gets squeezed again: Andy Home

The London Metal Exchange aluminium price has on Friday morning touched $2,021.50 per tonne.

Metal markets are preparing for a new world disorder

Donald Trump’s attempts to re-balance global trade have already sent the metals world into a tizzy and as countries respond to U.S. tariffs and sanctions, the disarray is set to increase.

Copper price takes another huge hit

Bears ignore soothing words about US-China trade war dropping copper to near 1-year low in frenzied trade.

EU warns US of boomerang effect if Trump imposes car levies

Europe warns Trump vehicle tariffs likely lead to counter-measures by its trading partners on $294 billion of US exports.

Tenaris laying off Canada workers as Trump's steel tariffs bite

Teneris will lay off 40 workers at its TenarisAlgomaTubes plant in Ontario and adjust output there because of the U.S. tariffs on steel and aluminum imports.

Canada hits back on US tariffs; Mnuchin denies Trump wants to quit WTO

Canada struck back at the Trump administration on Friday over U.S. steel and aluminum tariffs, vowing to impose punitive measures on C$16.6 billion ($12.63 billion) worth of American goods until Washington relents.

US steel users challenge Trump's authority to impose tariffs in court

In a lawsuit filed Wednesday the American Institute for International Steel and two of its member companies argue that the US president’s tariffs on steel and aluminum imports are unconstitutional.

Trade worries aside, copper price has further to fall

"Metals markets are well supplied and weaker demand from China will prove too strong a headwind for prices," says new report.

BHP steps up efforts to sell Nickel West business in Australia — report

The world's top miner is said to have hired Goldman Sachs to assist with the sale of the Western Australia-based nickel operation.

EPA to clean up wastewater at 26 Colorado mines

The selected areas are known for presenting high levels of aluminum, cadmium, copper, iron, lead and/or zinc.

Wall Street builds immunity to trade war rhetoric

So far, Trump has taken little action beyond tariffs of 25 percent on steel and 10 percent on aluminum on imports from China, the European Union and other countries.

China's Tsinghua University unit to buy aluminium firm for $3.7bn

Tianshan has annual aluminium smelting capacity of 1.4 million tonnes.

Billionaire schools teacher in NAFTA talks

How did we get here and what does this ratcheted-up trade war mean for Canada, the United States and investors?

LME says plans to launch about 15 contracts from January 2019

The exchange said in March that any launch of a new cobalt contract would not be until the end of 2018 or early 2019.

LME says looking at expanding eligibility for Rusal metal

The London Metal Exchange (LME) is working to see if it can expand access to Rusal’s aluminum, which is under suspension due to U.S. sanctions.

US lawmakers set bill seeking to control Trump on tariffs – key lawmaker

Some Republican lawmakers warn that Trump could trigger a trade war that would destabilize the economy and ultimately hurt American workers.

Canada vows to protect metals sector but resists call for quick action

Canada retaliated against the latest punitive measures last week by proposing levies on C$16.6 billion worth of U.S. exports.

Mexico hits back on US steel, slaps tariffs on pork, bourbon

As of Tuesday, Mexico will impose tariffs of 15 percent to 25 percent on U.S. steel products.

U.S. tariffs "unjustified", Britain's May tells Trump on call

The leaders spoke for the first time since the announcement in a 30-minute call and agreed to discuss the issue further at the G7 summit in Canada later this week.

GO GOLD! Inflationary tariffs could supercharge the yellow metal

"What I can say with full confidence, though, is that prices will rise—for producers and consumers alike—which is good for gold but a headwind for continued economic growth."

US-China need new trade framework, says former negotiator

The world’s two biggest economies need to agree on a new framework that will allow both of their economic systems to co-exist.

Directors at Russia’s En+ working with Rothschild to get firm off US blacklist -source

U.S. banks worked on the En+ initial public offering in November, but some have taken a step back since the sanctions.

Canada mulls aid for steel, aluminum industry after US tariffs

Canada's cabinet on Monday discussed how to protect the domestic steel and aluminum industry from U.S. tariffs.

Trump aide: Canada trade row a "family quarrel", Trudeau overreacting

The United States said it was moving ahead with tariffs on aluminum and steel imports from Canada, Mexico and the European Union.