South32 sells aluminum businesses to Alcoa for $5.6B
Australia’s South32 (ASX: S32) has agreed to sell nearly its entire aluminum portfolio to Alcoa (NYSE: AA; ASX: AAI) in a deal valued at up to $5.6 billion (C$7.9 billion)….
aluminum
The metals AI data centres need most aren’t inside them
The power grid, not the server room, is where the global data centre boom is driving metals demand, according to Wood Mackenzie. Grid reinforcement, transmission networks and on-site power systems…
Canada risks losing critical minerals infrastructure race, PwC warns
Canada risks losing its competitive edge in critical minerals, energy and other strategic sectors unless it accelerates infrastructure investment and project approvals, according to a new PwC Canada report. Canada…
Metals retreat amid Iran conflict and rate-hike concerns
Metals prices fell Wednesday as Middle East tensions and concerns over higher-for-longer U.S. interest rates weighed on sentiment, though softer-than-expected inflation data later helped limit losses. Base metals including copper,…
Canada bets on workforce alliance to fill mining jobs
Canada has launched a new industry-led alliance to address labour shortages in mining and minerals as the sector faces rising demand for critical minerals, new technologies and major infrastructure projects….
Aluminum prices hit 4-year high on Hormuz supply woes
Aluminum prices surged to their highest level in more than four years on Tuesday, hitting $3,707.50 per ton, as a collapse in negotiations between the United States and Iran raised…
Rio starts $1.5B expansion of Quebec aluminium smelter
Rio Tinto (NYSE, LSE, ASX: RIO) has begun a $1.5 billion (C$2.1 billion) expansion of its AP60 low-carbon aluminium smelter in Quebec. The project advances the company’s push to supply…
Iran war squeezes acid, aluminium, miners’ margins: WoodMac report
The Iran war around the Strait of Hormuz is starting to hit miners far from the Persian Gulf, Wood Mackenzie warned on Wednesday. The conflict is choking sulphur shipments that…
BC miners wary of First Nation court rulings
British Columbia’s mining industry says the province is gaining momentum on major projects, but warned that regulatory uncertainty linked to Indigenous rights court rulings and rising costs could jeopardize future…
Honda drops $15B Ont. EV plant: reports
Honda is indefinitely shelving its planned $15-billion (US$11-billion) electric-vehicle and battery complex in Ontario, a setback for Canada’s ambitions to build a domestic EV supply chain as demand cools and…
Rio Tinto boss pushes cost cuts with jobs in focus
Rio Tinto (ASX, NYSE, LSE: RIO) CEO Simon Trott said on Wednesday he will continue to streamline the company’s global operations with the goal of reaching billions of dollars in…
Trafigura in talks to build aluminum smelter in Egypt
Commodity trading giant Trafigura says it’s begun talks with the Egyptian Aluminium Company (Egyptalum) and the Metallurgical Industries Holding Company (MIH) to build a new aluminum smelter in Egypt. The…