Australia seen remaining world bauxite leader

Australia’s bauxite production is seen growing over the next few years thanks to expansion plans by Rio Tinto and Alcoa, allowing it to remain the world’s largest producer, according to Fitch Solutions. Rio Tinto is the largest bauxite producer in Australia and reported production of 54.3 million tonnes (mnt) from all its mines for 2021, […]

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Industrial metals slip on China Covid surge; aluminium prices shed 2.1%; Russia limits profits of its metallic firms

Industrial metals prices slipped as rising cases of the Omicron variant of Covid-19 dampened the economic outlook for top metals consumer China, but supply concerns underpinned prices. Benchmark prices for aluminium shed 2.1 per cent to $3,252 per tonne in official trading activity, after sinking 4.7 per cent in the previous session. Three-month copper was down […]

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India’s aluminium industry badly hit by coal shortage; urges PMO to ensure coal supply on priority

The Aluminium Association of India (AAI) said that non-power industries, including aluminium companies, has been “plagued” by a protracted coal shortage for the past seven months and urged the Prime Minister’s Office (PMO) to ensure on priority a supply of at least 25-30 coal rakes per day to the sector. The Association warned that disruptions […]

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Subsidies not optimal solution for clean steel, aluminum: OECD panel

Government subsidies in the steel and aluminum industries do not represent the best approach for achieving decarbonization initiatives because they instead pose the risk of counterintuitively contributing to environmental concerns, industry representatives and observers said. “We’re increasingly seeing subsidies claiming to encourage better environmental practices,” Julia Nielson, deputy director of trade and agriculture for the […]

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As Ukraine crisis escalates, watch out for these five commodities

U.S. lawmakers have said they are devising the “mother of all sanctions” against Russia as a method of defending Ukraine that would be “crippling to [the Russian] economy.” The 5 key commodities likely to be hardest hit are: #1. Aluminum Russia accounts for approximately 6% of global aluminum supply. While China is the world’s biggest aluminum producer, […]

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