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Aluminum: automaker Hyundai Motor signs supply agreement with Indonesia’s Adaro
Nov. 13, 2022 PT Adaro Minerals Indonesia Tbk signed a memorandum of understanding with South Korean automotive giant Hyundai Motor Company to supply aluminum for automobile production. The MOU was signed in Bali, Indonesia, on the sidelines of the G20 summit. The MoU...
Lithium-nickel-cobalt: Canada bans Chinese investment
Canada has introduced a new rule on foreign investment that is sure to cause discussion in the mining and metals sector. In fact, the country recently required China to immediately sell its holdings in three Canadian mining companies. According to media reports,...
HRC steel: European producers struggle to fill order books
European hot-rolled coil producers are struggling to fill their order books as buyers are delaying purchases due to depleted inventories and negative weather. HRC Northwest European hot rolled coils settled at 619 euros/mt, down 14 euros/mt from 633 euros/mt on...
Alumina: price in China continues to fall causing losses to refineries
The average spot alumina price has continued to fall across China, where refineries, particularly in Shanxi and Henan, are making heavy losses. Zhongmei Aluminum, Taixing Aluminium and Magnesium and Xiaoyi Huaqing, each with 400,000 tons, have already collectively...