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Aluminium: Novelis will face margin pressure in the short term due to weaker demand, destocking and lower prices
Novelis, a US-based independent subsidiary of Hindalco Industries and a leading aluminium producer, is expected to face margin pressures for at least the next two to three quarters due to weakening demand in the building and construction sector, lower aluminium...
Boliden partially restarts Ronnskar production after fire
Boliden partially restarted copper production at its Ronnskar smelter after production was halted following a fire in mid-June. As a result of the fire, consultations had to be initiated to lay off 190 people. The company added that it expects that all production...
Copper: accident in Chile’s El Teniente mine results in one death
An electrical accident at Codelco's El Teniente copper mine in central Chile, the company's largest copper mine, has claimed one life. Codelco said the accident occurred at the mine's Andes Norte expansion project around 15:00 (1900 GMT) when Osvaldo Bustamante Frias,...
Mopani Copper Mines’ losses in Zambia worsen
Zambia's Mopani Copper Mines recorded a further financial loss last year and lower production. Financial losses increased to $298 million from $74.2 million in 2021, ZCCM said in a financial report released on Thursday. The operations' copper production fell to 72,694...