Rusal’s first-half profit jumps 42% on lower costs Rusal, which operates in Guinea, Jamaica, Ireland and Sweden apart from Russia, has been under pressure from the fallout of Western sanctions. Reuters | August 28, 2024 | 5:32 pm
Canada to hit China with tariffs on electric vehicles, steel The government announced a 100% levy on electric cars and 25% on steel and aluminum. Bloomberg News | August 26, 2024 | 6:46 am
Traders stuck in LME queue vent fury at warehouse’s fee hike The company’s warehouses at Port Klang in Malaysia have become the focal point for the aluminum market, holding more than three quarters of LME stocks. Bloomberg News | August 23, 2024 | 10:19 am
Rio Tinto, Teck take steps to minimize Canada rail shutdown impact Labor dispute at Canada's two biggest rail networks will affect its ability to receive raw materials at several sites. Reuters | August 22, 2024 | 9:10 am
Wild first half for metals drives big jump in LME earnings HKEX said core earnings from its commodities unit jumped by 82% from a year earlier. Bloomberg News | August 21, 2024 | 2:19 pm
Arab Gulf States double down mining efforts The Arab Gulf states, particularly Saudi Arabia and the UAE, are intensifying their focus on the mining sector to secure their economic futures. Jamil Hijazi | August 20, 2024 | 5:36 am
Hindalco misses first-quarter profit estimates on higher expenses The company reported profit below estimates, hurt by a jump in expenses tied to disruptions at its Novelis unit's Switzerland plant. Reuters | August 13, 2024 | 7:06 am
China’s Baosteel, Baowu Aluminum, Japan’s Kobe Steel to form JV The new company will produce aluminum sheets for China's domestic automobile manufacturers. Reuters | August 8, 2024 | 6:46 am
Vedanta tops Q1 profit estimates on higher aluminum, zinc prices Consolidated net profit surged 37% to 36.06 billion rupees (around $430 million). Reuters | August 6, 2024 | 9:21 am
