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…
aluminum
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…
Feds prep $1.5B tariff aid for metal producers
Canada’s federal government rolled out $1.5 billion in loans this week for companies grappling with new U.S. tariffs on steel, aluminum and copper products, a move that could adjust how…
Brazil’s largest bauxite producer nets licence to extend Glencore, Rio Tinto-backed project
Mineracao Rio do Norte (MRN), Brazil’s largest bauxite producer, has secured a key installation licence for its Novas Minas project, which seeks to extend operations in Pará state to 2041….
Morgan Stanley flags five miners in space value chain
With a potential initial public offering (IPO) of SpaceX drawing closer, investors are increasingly turning their attention to the broader space economy and the companies positioned to benefit from its…
Rio Tinto copper surge offsets iron ore disruption
Rio Tinto (ASX, LSE: RIO), the world’s second-largest miner, reported stronger first-quarter output as copper gains from its Mongolia copper mine offset weather-driven iron ore disruptions and mounting geopolitical risks….
Prolonged Hormuz Strait closure would have ‘profound’ impact on mining: Friedland
Ivanhoe Mines (TSX: IVN) founder and co-chairman Robert Friedland is warning that a prolonged closure Strait of Hormuz would have a “profound” effect on global supply chains, hobbling copper producers…
Iran war threatens aluminium supply as outages deepen, prices surge
The Middle East conflict could remove up to 3–3.5 million tonnes of aluminium output, about 5% of global supply, and put nearly another 7 million tonnes at risk, tightening a…