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Aluminum: energy crisis forces Slovenian producer Talum to cut production
On Sept. 29, 2022, Slovenian aluminum producer Talum, also a major energy consumer in the country, said it has decided to cut primary aluminum production as of Oct. 1, 2022 due to the energy crisis. Europe is facing a serious energy crisis as a result of the...
Nickel Industries sees lower quarterly earnings due to weakening prices
Australia's Nickel Industries Ltd has forecast a slump in quarterly operating profits due to weakening pig iron prices and said it plans to convert one of its Indonesian projects to low-grade battery metal ore. Nickel Industries said it expects third-quarter earnings...
Copper: Chinese premium will remain high due to improving demand
The spot premium for copper in China, the main consumer, may remain high in the coming months, according to analysts and traders, as demand for the metal has improved due to government stimulus. The spot premium for refined copper was $85.25 a ton Thursday, up from...
Aluminum: sheet metal capacity coming to the U.S. will require more scrap recycling
Consumer container recycling programs in the United States will need to expand in the coming years to ensure that large volumes of scrap are available to supply the wave of domestic secondary aluminum sheet production capacity that will come on line by 2026. "Today,...