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Ferrous scrap: Red Sea disruption displaces trade from the Indian subcontinent
The ferrous scrap market in the Indian subcontinent, comprising India, Pakistan and Bangladesh, is experiencing a major shake-up due to the problems plaguing a vital trade route through the Red Sea. Traditionally, the main sources of scrap imports for the region have...
Vale declares that the operating licence of the Sossego copper mine has been suspended
Brazilian mining company Vale said on Wednesday it had received a letter from Pará State's environment secretary informing it of the suspension of the operating licence for its Sossego mine. The company said in a document that it is evaluating the necessary measures...
Copper: First Quantum signs $500m deal with Jiangxi amid Panama mine woes
First Quantum Minerals said on Wednesday that it will receive a $500m injection from Jiangxi Copper, the Canadian miner's largest shareholder, to help it shore up finances. The three-year prepayment agreement with Jiangxi will see First Quantum deliver 50,000 tonnes...
Aluminium: recycling of beverage cans reaches a new record level of 76%
The latest report from Metal Packaging Europe and European Aluminium shows that the overall recycling rate of aluminium beverage cans in the European Union (EU), the UK, Switzerland, Norway and Iceland increased by 3.2% to a new record level of 76% (76.1%). The total...