This morning in metals news: aluminum prices have rallied to close the year; Rio Tinto is acquiring a lithium mining project; and, lastly, the American Iron and Steel Institute commented on the president’s proclamation this week adjusting steel imports. See why technical analysis is a superior forecasting methodology over fundamental analysis and why it matters […]
Tag: Rio Tinto
This Morning in Metals: Rio Tinto invests to increase low-carbon aluminum production
This morning in metals news: Rio Tinto said it is investing US$87 million to increase its low-carbon aluminum production in Canada; new natural gas pipeline capacity came on stream in Q3 2021; and, lastly, the U.S., E.U. and Japan released a joint statement affirming their trilateral trade partnership. Stay up to date on MetalMiner with […]
This Morning in Metals: US trade deficit jumps 9.2% in September
This morning in metals news: the U.S. trade deficit in September jumped 9.2% from the previous month; meanwhile, Rio Tinto is partnering with Carbfix on carbon capture and storage technology; and, lastly, Norsk Hydro is investing in a new automotive extrusion press in China. Each month, MetalMiner hosts a webinar on a specific metals topic. […]
This Morning in Metals: Steel capacity utilization hits 85.3%
This morning in metals news: U.S. steel capacity utilization reached 85.3% last week; meanwhile, Lightsource bp touted the launch of a Colorado solar project and the world’s “first steel mill to be powered largely by solar energy”; and, lastly, Rio Tinto announced new decarbonization targets. We’re offering timely emails with exclusive analyst commentary and some […]
This Morning in Metals: Natural gas prices to remain elevated this winter
This morning in metals news: the Energy Information Administration forecasts natural gas prices will remain elevated this winter; meanwhile, Rio Tinto said it is working on new technology for the production of low-carbon steel; and, lastly, miner BHP and South Korean steelmaker POSCO signed a memorandum of understanding to explore the reduction of greenhouse gas […]
This Morning in Metals: Cleveland-Cliffs, Rockport Works employees ratify three-year labor deal
This morning in metals news: Cleveland-Cliffs and workers at its Rockport Works have agreed on a new three-year labor deal; the U.S. goods and services deficit increased in August; and, lastly, Rio Tinto reached a new collective labor agreement with workers at its BC Works. We’re offering timely emails with exclusive analyst commentary and some […]
This Morning in Metals: Rio Tinto, BC Works union reach agreement in principle
This morning in metals news: Rio Tinto said it had reached an agreement with the union representing workers at its BC Works; the Census Bureau reported new orders for manufactured durable goods increased in August; and, lastly, oil prices rose last week. More MetalMiner is available on LinkedIn. Rio Tinto, BC Works union reach deal […]
This Morning in Metals: Rio Tinto to triple solar capacity at Weipa mine
This morning in metals news: Rio Tinto said it plans to triple solar capacity at its Weipa bauxite mine in Australia; meanwhile, the Aluminum Association said the Department of Commerce had issued final affirmative determinations regarding imports of aluminum foil; and, lastly, U.S. Steel is reportedly looking for a site to build a $3 billion […]
Oak Flat copper mine project in Arizona stalled amid tribal, public opposition
A deal is not a deal until it is done, goes the old adage. Mining projects are notorious for falling afoul due to presuming agreed terms will be played out as expected. The Financial Times reports on the conundrum BHP and Rio Tinto face in developing the Oak Flat copper ore body in Arizona. Stay […]
This Morning in Metals: Rio Tinto, union resume negotiations at BC Works
This morning in metals news: Rio Tinto this week returning to the negotiating table with the union representing workers at the BC Works aluminum smelter; meanwhile, the Bureau of Labor Statistics reported multifactor productivity fell in 61 of the 84 manufacturing industries in 2019; and, lastly, miner BHP earlier this month reported its financial results […]
