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South32 Threatens to Shut Down Mozambique’s Mozal Smelter
Australian mining group South32 announced on Thursday, August 14, that it may suspend operations at its Mozal aluminum smelter in Mozambique due to uncertainties surrounding the supply of competitively priced electricity. The current supply agreement expires in March...
European Hot-Rolled Coil Prices Decline Slightly
The European hot-rolled coil (HRC) market saw a slight decline in prices on Wednesday, August 13, but remained below the target levels set by steel producers. According to Commodity Evolution sources, steel plants are attempting to increase offers for October...
DOE Announces Nearly $1 Billion to Strengthen America’s Critical Minerals Supply Chain
The U.S. Department of Energy (DOE) has announced a package of new funding opportunities worth nearly $1 billion to develop and scale extraction, processing, and manufacturing technologies across the entire supply chain of critical minerals and materials. The...
LME Metal Inventories Rise Sharply in July, Driven by Asian Flows
Total base metal inventories in warehouses registered on the London Metal Exchange (LME) reached 1,037,258 tonnes as of July 31, up from 885,386 tonnes at the end of June, according to data released on August 11. The increase was primarily driven by metal inflows from...