Last week Rio Tinto announced a new 50-50 joint venture with Beijing-based Minmetals, a partnership that will seek to explore “world-class mineral deposits” in China. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook According to a Rio Tinto release, the registered capital of the joint venture amounts to $31.3 million, plus initial contributions […]
Tag: Rio Tinto
This Morning in Metals: E.U. Expresses Pessimism About Section 232 Exemption
This morning in metals news, the E.U. is reportedly getting ready for the U.S. Section 232 tariffs to go into effect, U.S. raw steel production was up last week and Rio Tinto asked the Mongolian government to fulfill contract stipulations related to the firm’s copper mining project in the country. Need buying strategies for steel? […]
How ‘Green’ Will the Elysis JV’s Aluminum Really Be?
Full disclosure – I am an owner of an iPhone, iPad and Macbook — and I don’t mind admitting it, a longtime fan of Apple’s products — but even I cringe when the firm claims to have “worked with other metal companies to develop the proprietary technique, which allows for the generation of ‘green’ aluminium […]
Alcoa, Rio Tinto Announce New Carbon-Free Aluminum Smelting Process
Major metals industry players Alcoa and Rio Tinto last week announced the world’s first carbon-free aluminum smelting process, which the firms billed as “the most significant innovation in the aluminium industry in more than a century.” Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook The firms announced the innovation, which is the development of […]
This Morning in Metals: DOC Announces Exclusion Process for New Tariffs
This morning in metals news, the U.S. Department of Commerce announced its tariff exclusion process for steel and aluminum, world leaders announce the intention to work together on steel overcapacity, and bank accounts have been seized in connection to a corruption probe involving Rio Tinto’s Mongolia mine. Need buying strategies for steel? Try two free months […]
Norsk Hydro Bids for Rio Tinto’s Iceland Aluminum Plant
Norwegian firm Norsk Hydro announced Monday that it had put in a bid for Rio Tinto‘s aluminum plant in Iceland, according to a company release. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook “We see great potential in exchanging competence and technology elements between our aluminium plants,” said Hilde Merete Aasheim, head of […]
This Morning in Metals: Rio Tinto Finds Copper at Grasberg for First Time Since 2014
This morning in metals news, Rio Tinto made a copper discovery at its Grasberg mine for the first time since 2014, automakers urge Trump not to withdraw from the North American Free Trade Agreement (NAFTA) and copper hits a 3 1/2-week low. MetalMiner’s Annual Outlook provides 2018 buying strategies for carbon steel Rio Makes Copper […]
Rio’s Massive Dunkerque Aluminum Smelter to Change Hands
Sanjeev Gupta, the industrial buyer of distressed steel, aluminum and coal assets (to name just a few of the areas he has expanded into in recent years), has so far managed an uncanny knack of good timing. Need buying strategies for steel in 2018? MetalMiner’s Annual Outlook has what you need Buying steel assets just […]
