Glencore buys stakes in Norsk Hydro and Vale’s assets in Brazil
Glencore (LSE: GLEN) said on Thursday is buying a 30% stake in Brazil’s alumina refinery Alunorte from Norwegian aluminum producer Norsk Hydro and a 5% stake in Mineracao Rio do…
aluminum
Video: Patricia Mohr outlines Canada’s key advantages in the critical minerals space
Canadian Mining Journal Editor-in-Chief Tamer Elbokl spoke with economist, founder of the publication Critical Metals for a Sustainable World, and former vice-president with Scotiabank, Patricia Mohr at PDAC 2023 in…
WoodMac expects steel, aluminum and copper to benefit most from renewed Chinese growth
A new report by market analyst Wood Mackenzie argues that steel, aluminum, and copper stand to benefit most from an uptick in China’s gross domestic product growth this year. WoodMac…
PDAC: Energy transition presents Canada with mining windfall, says McKinsey’s Hoffman
The shift to green energy will demand the use of all metals, not just critical in a multi-trillion dollar industrial transition, said McKinsey’s Ken Hoffman at PDAC in Toronto on…
‘Trudeau-pian’ policy drives mining investment away, says Poilievre
The opening day of the Association of Mineral Exploration (AME) Roundup conference in Vancouver saw some political sparks fly as natural resources minister, Jonathan Wilkinson and Conservative Party firebrand Pierre…
Spac started by ex-Rusal M&A wiz hunts for green metals giant
ACG Acquisition (LSE: ACG), a new company founded by a mining executive who helped create aluminum giant Rusal, says it plans to buy a critical minerals producer valued at several…
USGS, NASA to map southwestern United States for critical mineral potential
The U.S. Geological Survey (USGS) and NASA are teaming up to map portions of California, Colorado, Nevada, Arizona, New Mexico and Utah for critical mineral potential. The US$16-million, five-year, government-funded…
Moody’s downgrades mining sector outlook to negative
Credit rating firm Moody’s Investors Service said on Thursday it had changed its outlook for the global metals and mining industry from stable to negative as a global economic slowdown…
Mining industry on track to meet decarbonization targets, say analysts
The availability of risk capital for miners is biased towards those with concrete plans for achieving net-zero emissions targets by 2030, says Keith Russell, global director for energy transition, purpose…
Rio Tinto invests $35M in new aluminum recycling centre in Quebec
Rio Tinto (NYSE: RIO, ASX: RIO) announced Friday it is investing $35 million to build a new aluminum recycling facility at its Arvida Plant in Saguenay-Lac-Saint-Jean, Que. The investment will…
Rio Tinto invests US$188M to upgrade aluminum smelter in Quebec
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is investing US$188 million to increase the production capacity for low-carbon, high-value aluminum billets at its Alma smelter in Lac-Saint-Jean, Que., by…
BofA identifies the prime causes of violent metal short squeezes
New analysis published by Bank of America Global Research has found on-warrant metal inventories and net non-commercial positions as the leading metrics that could signal the risk of violent short…