Europe Mining News

Rusal's Swedish smelter may be closed if sanctions not lifted

The indirect consequences of the closure are difficult to assess as Rusal is the only aluminium smelter in Sweden.

Slower orders for Atlas Copco spooks industry rivals too

Atlas Copco’s shares fell 9 percent at 1149 GMT, dragging Nordic industrial peers such as Sandvik and SKF lower, and also hitting German vacuum gear rival Pfeiffer Vacuum.

Flow of LME nickel to hidden storage dents bull story

465,000 tonnes of nickel play 'hide and seek'

Alrosa test non-dollar deals to sidestep any US sanctions

Several major Russian companies are exploring ways to do deals abroad without using dollars.

Norway, EU ask WTO to set up panel on US steel, aluminium tariffs

Norway, the European Union and several other countries asked the World Trade Organization to set up a dispute resolution panel to address US tariffs.

Eurasian Resources prevents dumping of over 88 kt of waste in Kazakhstan in the first half of 2018

Company uses up to twenty types of waste – generated from its activities – to manufacture new products, help address environmental issues and strengthen its bottom line. 

Scotland closer to having its first commercial gold mine

Scotgold Resources has submitted the last application to secure planning permits for its Cononish project, near Tyndrum.

Spanish environmentalists demand mine closures

The activists expressed their complaints at the European Parliament.

Hedge funds reeling from gold jump have five charts to watch

Hedge funds that doubled down on bearish gold wagers are facing a gut check.

Alcoa to close two Spanish aluminium plants with job losses

The Aviles and La Coruna plants were two of the least productive due to intrinsic structural problems such as inefficient technology and high fixed costs.

The dirt on clean electric cars is just under the hood

Clean cars, dirty batteries.

Hungary boosts gold reserves 10-fold, citing safety concerns

Hungary’s central bank increased its gold reserves 10-fold, citing the need to improve its holdings’ safety, joining regional peers with relatively high ownership in the European Union’s east.

Copper smelter hits cause physical squeeze in Asia

The copper market is currently experiencing a squeeze on physical metal which is unexpected.

A golden escape  

The oil price is rising due to the upcoming restrictions on the sale of Iranian oil - the second of a two-part set of sanctions imposed on the Middle Eastern power following the Trump Administration’s decision in May to withdraw from the Joint Comprehensive Plan of Action (JCPA).

Dutch battery maker to invest $1.9B in China cell factory

Dutch battery maker Lithium Werks BV, founded earlier this year, is investing 1.6 billion euros ($1.85 billion) in a massive lithium-ion cell factory in China as demand for batteries is surging.

Anglo Asian's Azerbaijan gold output rises 47% in Q3

Azerbaijan's leading gold mining firm said it produced 21,318 ounces of the metal in the last quarter, against 14,468 ounces in the same period of last year.

Alumina wake-up call for the aluminium supply chain

No one will be taking alumina for granted any more.

Europe to spend billions on lithium-ion battery plants

The goal is to reduce reliance on batteries from Asia, particularly China and South Korea.

Top uranium producer Kazatomprom may sell 25% stake in London/Astana float

 Kazatomprom to sell up to 25 pct stake on LSE, AIX whilst the sovereign wealth fund remains 75% owner.

LME Week metals puzzle is how to trade a trade war

Donald Trump didn't make it to LME Week, the annual jamboree of the global metals trading community. But the US president was the hot topic.

ArcelorMittal sells assets to Liberty House to facilitate Ilva deal

ArcelorMittal, the world's largest steel producer, has agreed the sale of plants in the Czech Republic, Romania, Macedonia and Italy.

Trafigura-backed copper miner Atalaya Mining seeks buyer

Atalaya Mining produced 166,000 tonnes of copper concentrate in 2017 and has a market capitalization of 327 million pounds ($433 million).

Australian tungsten producer Wolf Minerals says its British unit has stopped trading

Wolf Minerals said on Thursday that it could not meet its short-term working capital needs after failing to reach a deal with its financial backers.

Top copper miner almost sold out on strong China demand

Chinese copper demand has been so strong in the past few months that top producer Codelco has almost sold out of supplies for next year, well ahead of schedule.

Blockchain tech coming to commodities, Masters tells LME

Blockchain facilitates the exchange of critical trade documents, bills of lading, letters of credit between connected users securely and confidentially.