Two major dam disasters in three years are enough to put the frighteners on investors and get the media abuzz with talk of supply-side shortages. Yet as small as Vale’s production loss is, the fact remains the market is relatively tight, and supply is becoming an issue again after many years of plenty. Need buying […]
Tag: Rio Tinto
This Morning in Metals: China’s Daily Crude Steel Output Fell in December
This morning in metals news, China’s daily crude steel output slipped in December, miner Rio Tinto reported its fourth-quarter production results and Luxembourg-based Tenaris purchased a large stake in the Saudi Steel Pipe Company. Steel Output Slides China’s daily steel output for December fell to its lowest level since March, according to Reuters. Need buying […]
Rio Tinto Deploys Autonomous Train Network at Iron Ore Operations
Miner Rio Tinto has deployed what it hails as the “first automated heavy-haul, long distance rail network.” Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The rail network is guided by what is billed as the world’s largest robot, called AutoHaul. “The safe and successful deployment of AutoHaul™ across our […]
This Morning in Metals: London Copper Jumps 1%
This morning in metals news, LME copper jumped 1% Thursday, China Minmetals Corporation will buy over 2 million tons of iron ore from miner Rio Tinto next year and India is challenging a World Trade Organization (WTO) ruling on its steel safeguard against Japan. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME […]
This Morning in Metals: Shanghai Copper Prices Flatten After Earlier Declines
This morning in metals news, Chinese copper prices held flat Wednesday after drops earlier in the week, Novelis says it sees limited impact from the U.S.’s Section 232 tariff on aluminum and miner Rio Tinto is looking to take its Iron Ore Company of Canada public in early 2019. Need buying strategies for steel? Request […]
Rio Tinto Completes Dunkerque Smelter Sale
Miner Rio Tinto announced late last week that it had completed the $500 million sale of its Dunkerque aluminum smelter. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook Liberty House, part of steel tycoon Sanjeev Gupta’s GFG Alliance, purchased the aluminum smelter. The smelter in northern France began operation in 1991 and has […]
Rio Tinto Makes First Bauxite Shipment From Amrun Mine
On Monday, miner Rio Tinto announced it had made the first shipment of bauxite from its Amrun mine in Australia, six weeks ahead of schedule. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook According to a company announcement, the $1.9 billion investment in the Amrun mine serves to replace production from the depleting […]
This Morning in Metals: Chinese Steel Market Slides
This morning in metals news, Chinese steel prices are dropping, Rio Tinto is leading the copper charge in Australia’s Great Sandy Desert and Asian aluminum prices are coming down. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Chinese Steel Market Chinese steel prices are entering a bear market, according to […]
This Morning in Metals: Tokyo Steel Announces Plate Price Increase
This morning in metals news, Tokyo Steel plans to raise plate prices, Rio Tinto says new aluminum capacity is needed outside of China and copper prices tick upward. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Plate Prices Rise Tokyo Steel plans to raise heavy plate prices by 2.5% in […]
Liberty Group Seals Financing to Acquire Rio Tinto’s Dunkerque Aluminum Smelter
A financing deal was recently struck between steel tycoon Sanjeev Gupta’s GFG Alliance with international banks for the purchase of Rio Tinto’s Dunkerque aluminum smelter in France, one of Europe’s largest smelters. The Liberty House Group is a part of the GFG Alliance. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
