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Anglo American and Teck Resources Merge: A New Copper Giant Is Born
On September 9, Anglo American and Teck Resources announced they had reached an agreement to merge their assets, creating one of the world's largest copper producers. The new company, called Anglo Teck, will have a combined annual production of approximately 1.2...
Chalco Targets 7.8 Million Tons of Aluminum in 2025
China's largest aluminum producer, Aluminum Corporation of China (Chalco), has set a target of 7.8 million tons of primary aluminum for 2025, representing a 2.5% annual increase. For alumina, the target is 16.81 million tons, in line with 2024 levels. In the first...
The Rise of Artificial Intelligence and Copper: The New Driver of US Data Centers
In the United States, the need for copper has become a central issue not only for industrial operators, but also for large companies, politicians, and the public. Over the next ten years, demand for this metal is set to grow significantly, driven by both the energy...
Gold Hits New All-Time High: Fed Rate Cut Expectations and Weak Dollar Boost Prices
Gold hit a new all-time high on Tuesday morning, supported by a weakening US dollar and falling bond yields, amid growing expectations of an imminent Federal Reserve rate cut. At 9:30 a.m. (Italian time), spot gold was up 0.35% to $3,649/ounce, after hitting an...