August 29, 2024

LME open-outcry trade lives on as SocGen quit sparks no rush for exits

The future of ring trading on the London Metal Exchange looks assured for now.

August 28, 2024

Rusal’s first-half profit jumps 42% on lower costs

Rusal, which operates in Guinea, Jamaica, Ireland and Sweden apart from Russia, has been under pressure from the fallout of Western sanctions.

August 26, 2024

Canada to hit China with tariffs on electric vehicles, steel

The government announced a 100% levy on electric cars and 25% on steel and aluminum.

August 23, 2024

Traders stuck in LME queue vent fury at warehouse’s fee hike

The company’s warehouses at Port Klang in Malaysia have become the focal point for the aluminum market, holding more than three quarters of LME stocks.

August 22, 2024

Rio Tinto, Teck take steps to minimize Canada rail shutdown impact

Labor dispute at Canada's two biggest rail networks will affect its ability to receive raw materials at several sites.

August 21, 2024

Wild first half for metals drives big jump in LME earnings

HKEX said core earnings from its commodities unit jumped by 82% from a year earlier.

August 20, 2024

Arab Gulf States double down mining efforts

The Arab Gulf states, particularly Saudi Arabia and the UAE, are intensifying their focus on the mining sector to secure their economic futures.

August 13, 2024

Hindalco misses first-quarter profit estimates on higher expenses

The company reported profit below estimates, hurt by a jump in expenses tied to disruptions at its Novelis unit's Switzerland plant.

August 8, 2024

China’s Baosteel, Baowu Aluminum, Japan’s Kobe Steel to form JV

The new company will produce aluminum sheets for China's domestic automobile manufacturers.

August 6, 2024

Vedanta tops Q1 profit estimates on higher aluminum, zinc prices

Consolidated net profit surged 37% to 36.06 billion rupees (around $430 million).