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Century Aluminum reports power outage at Jamalco refinery
Century Aluminum Company, owner of Jamalco, said on Wednesday, 8 November, that a power generation unit malfunction at its Clarendon refinery caused a loss of about $22 million. Explaining the incident, Century Aluminum president and CEO Jesse Gary said that a power...
Palladium: price accelerates downward on surplus prospects for next year
Palladium prices fell to five-year lows below $1,000 an ounce this week (currently trading at $964 an ounce at 3pm Italian time), accelerating a retreat triggered by expectations of surpluses due to the rapid spread of electric vehicles and automakers choosing cheaper...
Copper: Jiangxi Copper increases stake in First Quantum
Jiangxi Copper, First Quantum's largest shareholder, has increased its stake in the Canadian company, which is still reeling from heavy losses caused by uncertainty over the future of its flagship copper mine in Panama. The Chinese mining group increased its stake in...
Steel: Outokumpu restructures operations in Germany to improve competitiveness
Finnish stainless steel producer Outokumpu announced plans to restructure its operations in Germany to increase its competitiveness in Europe. According to the restructuring, the precision strip production activities in Dahlerbrück will be transferred to Dillenburg...