Aluminum, steel most exposed metals to Trump tariffs, Citi says
A 25% tariff as announced by Trump on Monday would likely cause steel prices to rise by $100 to $150 a short ton, the analysts said.
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BHP Billiton has approved development of its Yarnima Power Station to secure future power supply for its Western Australia Iron Ore mining operations in the Pilbara. BHP Billiton will build, own, and operate the combined cycle gas turbine (CCGT) power station, to be located in Newman, which will deliver 190 MW to replace supply from the existing Newman Power Station. The capital cost of the project is expected to be $597 million (BHP Billiton share $507 million). The power station will include gas turbines equipped with heat recovery steam generators to
capture waste heat for the generation of additional power. This will minimise gas usage while increasing thermal efficiency and reducing carbon emissions. (more…)
