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Democratic Republic of Congo (DRC) Set to Review Cobalt Export Ban
The Democratic Republic of Congo (DRC), the world’s largest cobalt producer, has announced its intention to review the temporary ban on cobalt exports, introduced on February 22 for an initial duration of four months. This was confirmed by Mines Minister Kizito...
Rio Tinto Sets Focus on Quebec Hydro to Secure Future of Low-Carbon Aluminum
Rio Tinto announced on May 15 a massive investment of $1.7 billion Canadian (about $1.2 billion US) to upgrade one of its historic hydroelectric plants in Quebec: the Isle-Maligne plant, located in Alma in the Saguenay–Lac-Saint-Jean region. This is the company’s...
Ega Selects Oklahoma For Its New US Primary Aluminum Plant
Emirates Global Aluminum (EGA), the UAE’s largest industrial producer outside of the oil sector, announced on Friday, May 16, that it will build the first primary aluminum production plant in the United States in more than four decades. The site is located in Inola,...
Nonferrous Metals See Divergent Trends at SHFE: Copper Down, Tin, Lead Steady
The morning session on Monday, May 19 on the Shanghai Futures Exchange (SHFE) showed mixed trends for base metals. Copper led the decline among major industrial commodities, while tin and lead were slightly up. Here are the prices of the most traded contracts (at...