December 22, 2023

Sumitomo names Ueno as next CEO, promising reform

Shingo Ueno, 64, has played a pivotal role in leading Sumitomo's metals, resources and chemicals businesses.

December 22, 2023

Kloeckner to divest business in four European countries

German metal trader Kloeckner plans to sell off parts of its European commodity distribution business to Spain's Hierros Anon.

December 21, 2023

Norsk Hydro takes $571 million hit in weak alumina market

Hydro completed the sale of a 30% stake in Alunorte to Glencore Plc earlier this month.

December 19, 2023

EU, US extend steel tariff detente until end-March 2025

The US quota system allows up to 3.3 million metric tons of EU steel and 384,000 tons of aluminum into the United States tariff-free.

December 18, 2023

Russia considering waiving export duties for two Rusal smelters

Russia imposed export duties linked to the rouble-dollar exchange rate until the end of 2024 on a wide range of goods.

December 18, 2023

EU sets critical mineral goals, but faces struggle to hit them

The Critical Raw Materials Act, due to enter force in early 2024, says the bloc should mine 10% of its annual needs by 2030.

December 15, 2023

LME faces fresh worries about Russian metal after UK sanctions

Any move by the US or EU to follow the UK’s sanctions on metals trading would likely force the LME’s hand.

December 15, 2023

China Nov aluminum output boosted by growing demand

The world's biggest producer churned out 3.54 million metric tons of primary aluminum last month.

December 15, 2023

New sanctions bar UK entities from trading most Russian metals

Prices of metals produced by Russia surged as panicky traders struggled to understand how widespread the impact of the measures would be.

December 11, 2023

Aluminum price weakest in more than three months on fund selling

Aluminum has slid 10% on the LME since touching a five-month peak in early October.