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Copper and cobalt: KoBold Metals will build a mine in Zambia
KoBold Metals, a start-up backed by a coalition of billionaires including Bill Gates and Jeff Bezos, has earmarked $150 million for the development of the Mingomba copper-cobalt mine in Zambia, arguably the world's largest undeveloped high-grade deposit of the red...
Aluminum: Australian giants support federal energy price cap law
Australian aluminum bigwigs have reportedly backed a federal plan to cap coal and gas prices to curb energy bills, arguing that energy-intensive industries are at risk if immediate relief on prices is not provided. The proposed cap is $12 per gigajoule, which gas...
HRC steel: NLMK USA raises prices
Steel producer NLMK USA has raised prices for flat-rolled products by $50/mt. The price increase announced Dec. 13 by the U.S. subsidiary of Russian steelmaker NLMK came shortly after U.S. integrated steelmaker Cleveland-Cliffs raised flat steel prices by $50/mt with...
Aluminum: producers offer Japanese buyers premiums for the first quarter between $95 and $105/mt
Global aluminum producers offered Japanese buyers premiums between $95 and $105/ton for primary metal shipments in the January-March period, down between 4 percent and 6 percent from the current quarter. Japan is Asia's largest importer of metal, and the premiums for...