Rio Tinto Group recently agreed to sell a 55% majority stake in its La Granja copper project in Peru to First Quantum Minerals Ltd. The deal involves the First Quantum paying U.S. $105 million. The hope is that the sale will allow the project to progress even faster. It should also allow the Rio team […]
Category: Manufacturing
India to Heavily Increase Steel Production
The latest steel news reports that Indian steel production is expected to increase throughout 2023. The information comes directly from sector experts and the head honchos of steel companies themselves. So, aside from being welcome, it is an opinion with a fair amount of clout behind it. According to research agency ICRA, steel demand in […]
Southern China’s Power Crisis Impacting Aluminum Production
China’s aluminum production faces a “touch and go” situation once again. In this case, the problem is mainly due to a power supply crisis in the southwest area of the country. The Yunnan province, the aluminum manufacturing hub of southern China, is reducing production of the metal due to a severe water shortage. This shortage has, […]
ThyssenKrupp to Construct a Fresh Annealing Line in Bochum
German steel-making group ThyssenKrupp has started construction on a new annealing line at its Bochum works. The project aims to produce steel for electricity generators and electric vehicles. Annealing is a heat-treating process of rolled steel, which changes its mechanical and electrical properties. The process is either done by coil, known as batch annealing, or […]
Cornish Metals to Mine Tin at its South Crofty Site
Cornish Metals plans to begin tin mining at its wholly-owned South Crofty site by 2026. According to the Vancouver-headquartered company, the start of mining will also coincide with an expected deficit in tin. Indeed, market analysts predict that there will be a significant shortfall in the global tin supply by the same year, which could […]
Iron Ore Prices Increase as Chinese Government Prohibits Stockpiling
Iron ore futures continue to climb steadily. The Singapore benchmark for iron ore futures exceeded U.S. $130 a ton on Monday. The increase was largely due to improved steel plant profitability and a positive demand forecast in China, the world’s largest steel producer. However, these increases in the price of iron ore remained restrained by […]
GFG Alliance to Fight Aartee Bright Bar’s Bankruptcy Filing
On March 15, a UK court will hear a challenge by GFG Alliance against Aartee Bright Bar’s (ABB) entrance into administration, the UK equivalent of bankruptcy. The move comes shortly after the business group’s mid-February acquisition of the specialty bar producer and its steel production facilities. According to a source close to MetalMiner, the decision […]
Lithium Ion Battery Use Could be “Playing with Fire”
Lithium-ion is having a bad day – or year. In fact, depending on the source, “years” might be more appropriate. Lithium-ion (Li-ion) has powered batteries for portable consumable electronics, electric vehicles (EVs), and other products for over two decades. But now, with Tesla cars and millions of other products using the technology, the potential hazards […]
Sibanye-Stillwater Bids for Aussie Zinc Mining Firm, Zinc Prices Weaken
Johannesburg-listed metals and mining multinational Sibanye-Stillwater recently launched a bid to acquire all shares in Australian zinc miner New Century Resources. Sibanye-Stillwater currently holds a 19.9% stake in NCR. Meanwhile, zinc price movements continue to ebb and flow between the A$4400 ($3,000) and A$5200 ($3,500) range per ton. “The proposed takeover is in line with […]
Turkey’s MMK Metalurji Resumes Steel Production After Earthquake
Turkey’s MMK Metalurji is resuming steel production following several major earthquakes that rocked the country’s southern and central regions. The first two earthquakes occurred on February 6th, while another smaller quake occurred on February 20th. That same day, Russian parent company Magnitogorsk Iron & Steel (MMK) declared that specialists inspected the production site and units […]