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Nigeria and Germany sign memorandum of understanding for renewable projects and gas exports
According to a statement released by the Nigerian government, Nigerian and German companies have signed two memorandums of understanding (MoU) on gas supplies from Nigeria to Germany and renewable energy projects in Nigeria. According to the agreement between Nigerian...
Aluminium: Henan Yongheng starts green project with an annual capacity of 500,000 tonnes
On 17 November, China's Henan Yongheng Technology Co. Ltd. launched an ambitious project to create a new green aluminium alloy with an annual output of 500,000 tonnes. The project, which requires a total investment of RMB 3.5 billion, will be developed on a vast...
Aluminium: Goldman predicts higher prices in the face of higher deficits
Aluminium rose as Goldman Sachs Group remained bullish on the metal, predicting a growing global shortage in 2024 due to constraints on Chinese supplies. The tightening outlook mainly reflects the impact of China's supply constraint, where the combination of reaching...
Thyssenkrupp to close Galmed plant in Spain
Germany's Thyssenkrupp will close its Spanish Galmed plant (FBA9), located near Valencia. The Sagunto plant can produce 450,000 tonnes per year of hot-dip galvanised coils. The material is mainly supplied to the automotive sector. The German steel company says it took...