Saudi Arabia ups mineral resource estimates to $2.5 trillion

About 10% of the increase in estimate comes from the addition of rare earths minerals.

Reuters | January 9, 2024 | 11:11 am

Alcoa to cut Kwinana refinery production in phased-out shutdown

It will begin curtailment of the Western Australia refinery in the second quarter, and cease all output of alumina by the third.

Cecilia Jamasmie | January 9, 2024 | 3:29 am

Alcoa set to announce Kwinana refinery closure

The plant, one of Alcoa’s first three Western Australia alumina refineries, has been operating below nameplate capacity for the past year.

Cecilia Jamasmie | January 8, 2024 | 7:37 am

Vedanta faces investor reckoning over $3.2 billion of bonds

Bondholders have until Jan. 2 to give an early consent on a plan to push out due dates on $3.2 billion in bond repayments.

Bloomberg News | January 2, 2024 | 1:42 am

Biden extends EU steel, aluminum tariff exemption for 2 years

The Biden administration wants to continue negotiations on measures to address overcapacity and low-carbon production.

Reuters | December 28, 2023 | 11:09 am

Some Japan buyers agree to pay Q1 aluminum premium of $90/t, down 7% Q/Q

Some Japanese aluminium buyers have agreed to pay global producers a premium of $90 per metric ton over the benchmark price for shipments from January to March, down 7% from the current quarter.

Reuters | December 28, 2023 | 8:33 am

The biggest global mining news of 2023

A tumultuous year for the global mining industry: collapse of lithium prices, furious M&A activity, gold’s new record and state intervention in mining on a scale not seen in decades.

Frik Els | December 27, 2023 | 10:01 am