Alcoa to sell its 25.1% stake in Ma’aden joint venture for $1.1 billion After completing the transaction, Alcoa would own approximately 2% of Ma’aden’s current shares outstanding. Reuters | September 15, 2024 | 8:17 am
Vedanta Resources raises $900 million via dollar bonds The proceeds will be used to repay Vedanta's existing bonds and related transaction costs. Reuters | September 11, 2024 | 6:12 am
Net zero needs more metals, but less extraction from the Earth All the refined metals needed to reach net zero by 2050 will add up to less than the amount of coal mined in 2023 alone, according to Energy Transitions Commission. Bloomberg News | September 10, 2024 | 11:09 am
China plans to include steel, cement and aluminum in its carbon market Starting from 2026, importers of steel, fertilizer, cement and chemicals will pay levies based on the carbon footprint of the products they buy. Reuters | September 9, 2024 | 6:50 am
China lodges WTO complaint over Canada’s EV and metal tariffs Canada announced last week it would impose 100% tariffs on Chinese-made EVs effective October 1. Bloomberg News | September 6, 2024 | 7:05 am
Rusal says board recommends not paying H1 dividend The company decided not to pay a final dividend for 2022 and did not pay for 2023. Reuters | September 6, 2024 | 6:52 am
Citi says US election risk to contain metals prices for now Uncertainty around the US presidential election in November will prevent meaningful gains for metals, the bank says. Bloomberg News | September 6, 2024 | 3:02 am
Column: West plugs defences as China cranks up aluminum output China's primary aluminum smelters are producing record amounts of metal and the domestic market surplus is spilling out of the country. Reuters | September 4, 2024 | 2:50 pm
LME open-outcry trade lives on as SocGen quit sparks no rush for exits The future of ring trading on the London Metal Exchange looks assured for now. Reuters | August 29, 2024 | 8:02 am
