Loading
Aluminium: Alcoa to resume operations at San Ciprián smelter by 2024
The world leader in aluminium, alumina and bauxite Alcoa, plans to reactivate the aluminium smelter at its complex in San Ciprián, Spain, by 2024. In December 2021, Alcoa had announced a two-year pause to focus on developing ideas for a more robust smelter operation,...
Copper: Aurubis’ Q1 profit falls due to high energy prices
Aurubis AG, Europe's largest copper producer, reported Q1 profit falls (around 24)%, due to high energy prices and inflation that weighed on it despite strong demand, but maintained optimistic estimates for full-year profits. In the first quarter to end-December of...
Copper: Glencore’s production fell
Glencore's copper production fell 12% in 2022 due to problems at its Katanga open-pit mine in the Democratic Republic of Congo (DRC). The London-listed company said it produced 1.06 million tonnes of copper last year and kept its forecast for 2023 unchanged at 1.04...
Industrial metals: the sector follows the trend of the Chinese stock market
The Chinese stock market reacted to Beijing's turnaround on COVID infections with a surge in prices, particularly for technology stocks. Due to the strong correlation with the stock market, metal prices have continued to rise since December. The expectation is that...