RSS News

Australia said March 20 that it’s banning exports of aluminum ores, including bauxite, and alumina to Russia, effective immediately. The ban will limit Russia’s ability to produce aluminum, “a critical export for Russia,” the ministry for foreign affairs said in a statement. Aluminum is widely used in the automobile, aerospace, packaging, machinery and construction sectors, […]

Brazilian niobium miner CBMM is set to raise its sales of ferroniobium to more than 100,000 mt this year as demand from areas including stainless steel grow, especially for less nickel-intensive grades, said Rodrigo Amado, the company’s global head of growth, insights, strategy, new ventures & innovation. The company, the world’s biggest producer, sold around

US domestic HRC mill spreads managed to gain some ground on March 18, even with soaring scrap prices during the March buy week. But service centers that were in the spot market were only buying to fill gaps in inventories to meet demand. The HRC spot market again saw tradable values increasing as mills have

The UK introduced additional 35% tariffs on imports of a few Russian metals March 15, which should remove from its market or replace with other origins 720 mt of Russian copper, 3,900 mt of aluminum, 7,600 mt of lead, just over 700,000 mt of iron ore and 110,000 mt of steel. As the UK’s exposure

Electra Battery Metals is looking to provide sustainable nickel sulfate from Canada to the North American battery value chain, which has become increasingly important as battery makers and automakers look for alternative and domestic sources of the metal. Electra is conducting a $1 million study in partnership with the Government of Ontario, Glencore, and Talon

Most near-term scrap futures contracts on the London Metal Exchange fell over the week to March 17, while trading volumes also decreased. S&P Global Commodity Insights’ Platts assessed the March contract down $25/mt to $624.50/mt on March 17, while the April contract gained $2.50/mt to $637.50/mt. May lost $29.50/mt to $620/mt, while June contract dropped

Germany’s Thyssenkrupp said March 16 it expects an impact on its business development as a result of direct and indirect effects of the war in Ukraine. Moreover, the war’s economic consequences on the group’s business development are also influencing the possible stand-alone solution for its steel business, it said in a statement. “Thyssenkrupp AG remains

Brazil steelmakers are moving to recover lost margins after a rapid rise in the price of raw materials and semi-finished steel seen since Russia’s invasion of Ukraine. According to several sources, mills are pushing a price increase of up to 20% on domestic orders for April, in both flats and long products. The increases are

Venture Global LNG has executed two 20-year sales and purchase agreements with New Fortress Energy for 1 million mt/year from the Plaquemines LNG export terminal and 1 million mt/year from the CP2 LNG export project, Venture Global said March 16. “Our companies share a commitment to keeping energy markets well supplied while also advancing clean

In the face of stiff sanctions, Russian steel companies are capitalizing on experiences gained during the coronavirus pandemic, urgently stepping up their marketing in Turkey and the Middle East, building ties in atypical markets such as Asia and looking for spare parts from outside Europe. Like other Russian companies and entities, the country’s steel industry