Crazy metal prices inflate miners’ capex conundrum

Exploration Orbite (TSX VENTURE:ORT.A) is pleased to announce the presence of high-value by-products such as scandium, gallium and other important rare earth elements in its Grande-Vallée deposit, all of which offer strong economic potential for the company and for Canada. The Company is also pleased to announce its filing of a provisional U.S. patent application that extends protection for its existing patented technology to the extraction of scandium, gallium and other rare earth elements from aluminous clay.

Indian-focused miner Vedanta Plc (VED.L: Quote) saw record aluminium production in its fourth quarter and a 29 percent jump in refined zinc from its Indian operations, helping it take advantage of rising metal prices.

As copper prices reach greater highs, Forbes says that manufacturers are looking at substitutes and choosing aluminum. After the financial crisis in […]

In its latest Commodity Companion publication, RBS explains why it prefers aluminium, copper, platinum and palladium to bulk commodities and silver on […]

Kazakh mining group ENRC (ENRC.L) said underlying profit more than doubled, on record production and demand recovery for its products, and that the global economic outlook is still improving. Underlying EBITDA jumped 118 percent to $3.19 billion, in line with the consensus, as revenue rose 72 percent to $6.60 billion.

Reuters reported that China’s aluminum alloy exports may fall in the coming two to three months as top buyer Japan cuts imports […]

Exploration Orbite (TSX VENTURE:ORT.A) is pleased to announce that it has successfully produced its first ton of high purity alumina and has done so ahead of schedule and on budget. This first ton was produced at the company's pilot facility in Cap-Chat, QC, using the company's patented process that marks an important technological quantum step forward. "Producing our first ton of high purity alumina is a major breakthrough for Orbite because it proves definitely that the innovative process we have developed is viable and suited to large scale production. It brings us that much closer to a new metallurgical alumina production facility and a high purity alumina production facility with very high added value"

AMG Advanced Metallurgical Group N.V. (“AMG,” EURONEXT AMSTERDAM: “AMG”) through its Advanced Materials Division, entered into supply agreements with traditional customers for […]

Bloomberg News reports: United Co. Rusal, the biggest aluminum producer, is trailing Alcoa Inc. and all other peers as billionaire founder Oleg Deripaska snubs […]