BlueScope plays down $8.8B takeover bid
Australia’s BlueScope Steel (ASX: BSL) said Monday it will likely reject an A$13.2 billion (US$8.8 billion) takeover proposal from a consortium led by Kerry Stokes-backed SGH (ASX: SGH) and U.S.-based…
aluminum
Axis sues Guinea for $29B over bauxite permit
United Arab Emirates-based bauxite producer Axis International has filed a $28.9-billion arbitration claim against Guinea at a World Bank tribunal after the government revoked its mining permit in May. Axis…
London Symposium JV Video: Impact Minerals eyes copper find, alumina ramp after BHP grant
Impact Minerals (ASX: IPT) is using BHP’s (ASX, LSE, NYSE: BHP) Xplor grant to accelerate a deep copper hunt at Broken Hill while it advances its Lake Hope high-purity alumina…
Copper’s next shortage is structural, not hype: analyst
Copper is heading into a structural deficit from 2026 as demand from electrification accelerates faster than new supply, according to BloombergNEF, with geopolitical intervention now the single biggest force shaping…
Rio cuts alumina output in Australia
Rio Tinto (NYSE, LSE, ASX: RIO) plans to scale back output at its Yarwun alumina refinery in Queensland by 40% starting in October 2026 to extend the plant’s operating life…
Blast from the Past: US proposes huge mining program
In early 1942, with America newly at war and global supply lines shattered, the U.S. Bureau of Mines unveiled an ambitious plan to secure the raw materials needed to arm…
US, Canada set for trade deal at APEC: report
A U.S.-Canada trade agreement on steel, aluminum and energy is reportedly ready for Canada’s Prime Minister Mark Carney and U.S. President Donald Trump to sign at the Asia-Pacific Economic Cooperation…
Government equity in miners becomes U.S. norm
The Trump administration is ratcheting up government ownership in mining companies that are nominally Canadian, raising questions about whether Ottawa plans similar investments. Trump has ordered his Department of War…
Infographic: US tariffs steer Quebec aluminum to Europe
Quebec is the heart of Canada’s aluminum industry, hosting eight of the country’s nine smelters. The industry exports $10.8 billion worth of the metal annually. After producers such as Rio…
Mining profits face nature-related threats: Barclays
Mining companies could see earnings drop by as much as 25% over five years due to nature degradation, Barclays said in a new report. The bank’s stress test, published in Navigating…
Guinea junta warns Rio of smelter cost whack
Rio Tinto (ASX: RIO) may be forced to make expensive downstream investments in Guinea as the military-led government pushes for local refining tied to the giant Simandou iron ore project….
Rio Tinto overhauls units, axes execs
Rio Tinto’s (ASX, NYSE, LSE: RIO) new CEO Simon Trott has launched a sweeping overhaul of the miner’s structure, consolidating operations into three core divisions while placing several non-core assets…