Aluminum Mining News

Sprott monthly market update with Rick Rule: Cobalt bubble coming; Kaminak & The Yukon; streaming & royalties

In the current bull market, with more equity available, streaming and royalty companies continue to provide much needed revenue in the base metals and industrial materials sectors.

CHARTS: The May mining and metals meltdown

Seven trading days in and already global mining investors are nursing double digit declines as everything from copper to met coal to silver take a beating.

Apple got $40 million in gold from recycled iPhones last year

Thanks to its innovative program that uses robots to recover the valuable parts from the millions of Apple devices discarded every year.

Malaysia extends bauxite mining ban until July to fight pollution

The issuing of export permits, however, will resume as soon as existing stockpiles shrink.

INFOGRAPHIC: The extraordinary metals in an iPhone 6s

Today, we open up one of the world's most popular mobile handsets - the iPhone - to see what metals and materials make it all possible!

South32 looking for assets despite $1.75bn loss, massive layoffs

Despite the loss and a 94% drop in earnings, analysts believe the company's modest debt of $116 million makes it well-positioned to act on opportunities.

South32 in talks with Anglo American to buy manganese unit

The spin-out from BHP Billiton says it is willing to take on the manganese ore venture if the price is right.

EPA says Colorado mine spill dumped 880,000 pounds of metals into river

The report didn’t identify the metals but said researchers were looking at cadmium, copper, lead, mercury, nickel and zinc.

India mulls key investment to set iron ore plants in Iran

According to official figures, Iran has now more than $10 billion of investment pledges under its belt.

Current mining downturn not a ‘normal’ one — Moody’s

The ratings agency expects physical supply/demand imbalance to widen further, leaving miners in extremely weak conditions.

Calcined bauxite poised for proppants recovery

Demand for calcined bauxite in production of ceramic proppants is expected to grow by more than 5%py out to 2021 as North America and China target greater exploitation of unconventional oil and gas reservoirs, according to Roskill's new Non-Metallurgical Bauxite & Alumina report.

Moody's puts 175 energy and mining firms on review as low prices bite

Top miners BHP Billiton, Rio Tinto, Vale and Anglo American are among the firms at risk of rating downgrade.

EPA faces first lawsuit over Colorado mine spill

The state of New Mexico also plans to sue the owners of two Colorado mines that were the source of the massive spill.

South32 mulls acquisition of Anglo’s $1bn business in Brazil

Company is said to have sent out requests to investment banks as it seeks to hire an adviser to assist in the bidding process for Anglo American's niobium and phosphate business in Brazil.

Malaysia imposes three-month ban on bauxite exports to fight pollution

The country, the biggest supplier of bauxite to China, said the ban takes takes effect from Jan. 15.

Malaysia may suspend bauxite mining

Malaysia is pushing to suspend bauxite mining due to concerns about its impact on the environment, a cabinet source said on Saturday, threatening to interrupt supplies of the aluminium-making material to China.

More than 400 jobs to go at South32 manganese mine in South Africa

The country's largest mining union said it had received notice from South32 about the planned cuts and wants the government to intervene.

Rio Tinto to go ahead with $1.9 billion bauxite project in Australia

The Amrun mine is expected to open in 2019 and initially produce 22.8 million metric tons of bauxite a yera.

The collapse of commodities in one simple chart

Year to date gold is one of the better performers, but rhodium comes off worst.

Weak metal prices to hit miners through 2016 — Moody’s

The situation, says the ratings agency, won’t change over the next 12 to 18 months, and metal prices may fall even further.

US aluminum producers say Chinese firm evading import duties

The case, filed with the U.S. Commerce Department late last week, is considered the first formal move to curb China's aluminum exports.

The most bullish mining chart you'll see all day

Commodity Sentiment Index shows it's always coldest before the dawn.

Cleaner water and stronger aluminum drive clean TeQ's future

Australia's Clean TeQ Holdings Limited, a long-time industry leader in environmental remediation, has recently partnered with China's largest power generator to treat waste water with its unique continuous-ion technology.

Miners need to invest $150bn to avoid looming supply shortages

According to research house Wood Mackenzie, the need for investment is becoming desperate in zinc and lead and will be a major issue in the copper sector in the next few years.

Zinc price rally has further to go

Zinc is the top pick at LME Week, the metal world's largest annual gathering, amid speculation that as with zinc Glencore could ride to rescue of nickel.