Loading
Tata Steel’s first quarter profit plummets as expenses rise and prices fall
India's Tata Steel reported a staggering 92 per cent slump in quarterly profits, due to falling alloy prices and expenses related to a pension plan in the UK. Consolidated net profit was 6.34 billion rupees ($77.5 million) for the three months to 30 June, while total...
Rio signs $700 million deal for aluminium recycling
Major Rio Tinto and North American fully integrated metals management company Giampaolo Group have entered into an agreement to form a joint venture (JV) for the production and marketing of recycled aluminium products. Under the terms of the agreement, Rio will...
Nickel: supply boom hits the LME
The nickel market is at a 'tipping point', with a surge in supply of the battery metal about to hit the London Metal Exchange and drive prices down. The nickel market has become increasingly unhinged since the huge inventory squeeze that shook the market last year, as...
Copper: Chile wants to increase smelting capacity to be less dependent on Asian plants
Chile, the leading copper mining nation, is pursuing a strategy to increase local processing capacity in an attempt to reduce dependence on Asian smelters and make transport cleaner. The Ministry of Mines has submitted a plan to Congress to upgrade existing smelters...