This morning in metals news: Brazilian miner Vale reached a $7 billion settlement with the state of Minas Gerais two years after a fatal dam collapse; the US goods and services deficit decreased in December; and Ford Motor Co. announced an increase in its planned investment in electric and autonomous vehicles. Vale reaches $7B settlement Approximately […]
Category: Green
Week in Review: General Motors shoots for carbon neutrality by 2040; copper price cools; December US steel imports rise
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner. In sustainability news, Big 3 automaker General Motors said it intends to be carbon neutral in its operations by 2040. The automaker has also indicated it will offer 30 new all-electric models […]
Week in Review: LME steel contracts; Thyssenkrupp’s spinoff effort; ‘green’ aluminum
Before we head into the weekend, let’s take a look back at the week that was in metals storylines here on MetalMiner, including Stuart Burns on LME steel contracts, the green revolution in aluminum and much more. Regarding the LME steel contracts, Burns noted, “For over 200 years, the London Metal Exchange (LME) has provided […]
‘Green’ aluminum gains momentum
Greg Barker, the executive chairman of En+ Group — owner of Rusal — had free rein in the Financial Times this week to promote the Russian aluminum producer’s green credentials. That is not to say there was not a valid underlying point to his article, namely that the aluminum and steel industries are heavy polluters […]
French firm Total to acquire 20% stake in Adani Green Energy
In the third partnership of its kind between Total SE and the Adani Group, Total will take a 20% stake in renewable power company Adani Green Energy Ltd (AGEL) — the world’s largest solar developer — by way of acquiring shares held by the promoter group. Last year, we reported on Adani Green Energy’s announcement […]
Germany’s thyssenkrupp wins contract to build 88 MW water electrolysis plant in Quebec
German steelmaker thyssenkrupp has won a contract to build an 88 megawatt (MW) water electrolysis plant for Canadian energy company Hydro-Québec, the firm announced Monday. “This project is an excellent illustration of how important the interaction of secure access to competitive renewable energy and the use of scaled technology for hydrogen production is,” said Sami […]
Week in Review: January 2021 MMI is out; what’s in store for iron ore?; Oyu Tolgoi expansion faces pushback
Before we head into the weekend, let’s take a quick look back at the week that was and the metals storylines here on MetalMiner, including the release of the January 2021 MMI, a look at what might happen to the iron ore price and much more. Inauguration Day draws near for President-elect Joe Biden, leaving […]
This Morning in Metals: Rio Tinto, Meridian Energy reach deal on Tiwai Point aluminum smelter
This morning in metals news: Rio Tinto and Meridian Energy have reached a deal that will allow New Zealand’s Aluminum Smelter to continue operating the Tiwai Point aluminum smelter; BHP unveiled plans to build a new wind fence; and the Energy Information Administration (EIA) forecasts U.S. oil and natural gas production will fall this year. […]
This Morning in Metals: Industry groups urge Biden to keep steel tariffs
This morning in metals news: several industry groups urged President-elect Joe Biden to continue existing steel tariffs and quotas; Germany’s OGE and Thyssenkrupp and Norwegian energy company Equinor are collaborating to mitigate emissions; and Norsk Hydro and Nuvosil are working on aluminum and silicon recycling technology. Industry groups urge Biden to keep steel tariffs President […]
Renewables/GOES MMI: First Cobalt inks refinery feedstock deals with Glencore, IXM SA
The Renewables Monthly Metals Index (MMI) rose 2.7% this month, as Toronto-based First Cobalt signed multiple refinery feedstock agreements. (Editor’s note: This report also includes coverage of grain-oriented electrical steel, or GOES.) First Cobalt signs refinery feedstock agreements Toronto-based First Cobalt announced Tuesday it has achieved a “key milestone” with new refinery feedstock agreements reached […]