This morning in metals news: Sweden’s SSAB has hailed the delivery this week of its first shipment of fossil-free steel; copper prices have been sliding; and, lastly, electricity demand soared last week. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying […]
Category: Green
Bangkok-based Banpu to buy Texas power plant
Continuing with its acquisition of the U.S. natural gas assets, the Bangkok-based Banpu has now agreed to purchase a combined cycle gas-fired power plant in Texas. According to Forbes , Banpu, controlled by billionaire Isara Vongkusolkit, will buy the power plant for U.S. $430 million. More MetalMiner is available on LinkedIn. Banpu looks to the […]
This Morning in Metals: Steel capacity utilization dips to 84.7%
This morning in metals news: U.S. steel capacity utilization fell to 84.7% last week, the American Iron and Steel Institute reported; meanwhile, Glencore signed a cobalt supply deal with Britishvolt; and, lastly, the Department of Energy released a brief on investment in solar energy. Do you know which market conditions are best with different steel […]
Week in Review: IPCC report takeaways; copper market trends; tax credits for rare earth magnet production?
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner: The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Week of Aug. 9-13, 2021 (copper […]
Renewables/GOES MMI: Re|Source, Tesla partner on cobalt supply chain pilot
The Renewables Monthly Metals Index (MMI) jumped by 6.7% for this month’s reading. (Editor’s note: This report also includes the MMI for grain-oriented electrical steel, or GOES.) The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Re|Source, Tesla team up on […]
What does the IPCC report mean for metals markets, industries?
The media has been buzzing with various interpretations of the UN Intergovernmental Panel on Climate Change (IPCC) report on rising greenhouse gas emissions and the likely scenarios before us for the next decade (and through to the end of the century). Interpretations vary between “the end of the world is nigh” and “this is getting […]
Salzgitter-Flachstahl and Anglo American to cooperate on decarbonizing steel operations
German flats producer Salzgitter-Flachstahl, part of the Salzgitter group, and Anglo American have signed a memorandum of understanding (MoU) to cooperate on decarbonizing steel production, the London-headquartered company announced. The work will include methods to reduce carbon emissions by researching iron ore pellets and lump ores that would be suitable for use in direct reduction […]
This Morning in Metals: Rio Tinto, Komatsu collaborate on zero-emission mining haulage solutions
This morning in metals news: Rio Tinto announced it is working with Komatsu to develop zero-emission mining haulage solutions; meanwhile, Norsk Hydro announced new investments in North America; and, lastly, U.S. steel prices continue to rise, although the pace of gains has slowed somewhat. You want more MetalMiner on your terms. Sign up for weekly […]
ArcelorMittal announces $1.4B investment to slash carbon emissions at Ontario plant
ArcelorMittal plans to invest C$1.77 billion ($1.42 billion) into installation of new technology at its Dofasco plant in Ontario. The investments will cut carbon emissions by 60%, or 3 million metric tons, over the next seven years, the steelmaker said. With volatile steel markets, knowing which strategy to execute and when can make all the […]
Tata Steel to raise carbon surcharge on new contracts beginning Sept. 1
Tata Steel Europe (TSE) plans to raise from Sept. 1 its carbon surcharge on new contracts concluded for flat rolled steel products, an official with the company said. “The surcharge is in line with the [European Union’s] Emissions Trading Scheme” for carbon regulation, the official told MetalMiner late last week. You want more MetalMiner on […]
