Alcoa warns as much as 20% of aluminum capacity is unprofitable
Despite rising worldwide aluminum demand, Alcoa will be pinched by escalating costs for energy and raw materials, CEO Roy Harvey said.
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KWG acquires Fancamp’s chromite claims in Ring of Fire
Fancamp Exploration (TSXV: FNC) has agreed to sell all its rights and interests in the Koper Lake-McFaulds mineral properties, comprising four mining […]
Rio Tinto, Ford to develop battery, low-carbon materials supply chain
The partnership will support the transition toward a net-zero future by supplying Ford with materials including lithium, low-carbon aluminum and copper.
Ford to buy lithium from ioneer for US EV battery plant
ioneer will supply 7,000 tonnes of lithium carbonate annually for five years to BlueOvalSK, Ford's battery joint venture with SK Innovation.
Gold price recovers as European Central Bank raises rates higher than expected
The rate hike was the first by the ECB in over a decade, and its largest since 2000.
Iron ore price back below $100 on clouded China demand outlook
Risks from lockdowns have prompted the Asian Development Bank to lower its economic growth forecast for China this year to 4.0%.
De Beers boosts 2022 guidance despite drop in output
The miner expects to produce 32m-34m carats, up from 30m-33m carats thanks to what it calls “robust demand” from US customers.
Australian iron ore miners cautious on China’s plan to centralize buying
The new company is expected to coordinate procurement of imported iron ore, develop domestic iron ore resources, and oversee development of mines overseas.
Sundance Resources submits claim in iron ore dispute with Congo Republic
Sundance is seeking $8.8 billion in damages over the Mbalam-Nabeba project.