-
Japan's Mitsubishi Corporation has reached a Heads of Agreement with multinational miner Anglo American to buy a 21.9% equity interest in Anglo American Quellaveco SA (AAQSA).
-
Beijing-based CITIC Metal Co has reached a strategic cooperation and investment agreement with Canadian miner Ivanhoe Mines to acquire a 19.9% stake in Ivanhoe, according to CITIC Metal's announcement released on June 13.
-
Tesla, the Palo Alto California-headquartered maker of electric vehicles, plans to build its next Gigafactory - a combination of car- and battery-making plant - in Shanghai, East China, which Chinese metal market sources suggest may increase demand for materials used in electric vehicles including aluminum, auto grade steel sheet, cobalt, nickel and lithium.
-
Baoshan Iron & Steel (Baoshan Steel), China's largest flat steelmaker headquartered in Shanghai, is adding Yuan 1,000/tonne ($156/t) to the list prices of its stainless plate for July sales from its Baoshan and Dongshan bases, largely to offset its higher input costs, according to the steel company's latest pricing policy tabled Monday.
-
Brazilian miner Vale has agreed to sell future cobalt output from its Voisey's Bay mine in Canada for $690 million so as to allow the company to make further investments in precious metals related to battery materials for electric vehicles, Vale said on June 12.
-
China Minmetals Corporation, China's biggest metal ore mining company, signed an agreement on June 7 with Australian-British miner Rio Tinto to establish a 50:50 joint venture for mineral exploration, a Minmetals official confirmed on Friday.
-
Chinese stainless steel maker Taiyuan Iron & Steel Group (TISCO) signed a cooperative structure agreement with Xishan Coal Electricity Group (Xishan Group) on June 1 to enhance their cooperation in aluminum, officials from both companies confirmed on June 5.
-
Aluminum Corporation of China (Chinalco), China's top alumina and aluminum producer headquartered in Beijing, has commenced the works on expanding its Toromocho copper mine in Central Peru, according to a company statement on June 2.
-
Aluminum Corporation of China (Chalco), the state-own aluminum producer, has inked an agreement with the government of South China's Yunnan province to join a strategic restructuring plan which could see Beijing-headquartered Chalco become an even larger force in global aluminum.
-
China mulls differentiating curbing measures among Chinese steel mills during the 2018 winter months depending on their individual waste emission situation, Wang Libin, President of Shijiazhuang Municipal Research Academy of Environmental Science, shared at a panel discussion at the Singapore Iron Ore Forum on May 24.
-
India's high court has ordered multinational metals and mining company Vedanta Resources to cease all activity at its Indian copper operation, namely Tuticorin Copper Smelter plant II, over environmental protection issues, according to a company update on May 23.
-
London-based global miner Rio Tinto confirmed on May 23 that it was in discussions to unwind its entire 40% interest in the Grasberg copper and gold mine in Indonesia for $3.5 billion.
-
China's Henan Shenhuo Coal Industry and Electricity Power Co (Shenhuo) will list its wholly-owned Henan Shenhuo Aluminum Co on Henan Property Rights Trading Center for sale, which is expected to complete by June, a company official disclosed on May 22.
-
China's power consumption by the secondary industry including heavy and light rose 6.9% on year to 1.42 trillion kWh over January-April, compared with a general 9.3% in the country's total power consumption, indicating that the sector has been growing healthily.
-
Shanxi Taigang Stainless Steel (TISCO), the listed arm of Taiyuan Iron & Steel Group Co, says the suspension of trading in its shares on the Shenzhen Stock Exchange which took effect from mid-April will be extended for another month while it finalizes an acquisition, according to a company report on May 16.
-
Rusal, a leading aluminum producer in the world, posted its recurring profit up 22.4% on year to $531 million for the first quarter of 2018, though it warned of the possible affection in its performance due to the US sanction for the rest of the year.
-
Louis Dreyfus Company (LDC), a world's leading trading company headquartered in Rotterdam, West Europe's Netherlands, completed selling off its global metals business LDC Metals to a Chinese fund - NCCL Natural Resources Investment Fund, according to a LDC statement on May 11.
-
The world largest aluminum producers Rio Tinto and Alcoa Corporation are introducing what they claim to be a "revolutionary" process for smelting primary aluminum which produces oxygen and replaces greenhouse gas emissions, according to an announcement from Rio Tinto on Thursday.
-
Diversified materials and heavy industry firm Zhenshi Holding Group, headquartered in Jiaxing in East China's Zhejiang province, plans to build a nickel pig iron smelter on Gebei Island in East Indonesia's Maluku province which will be three times larger than its existing smelter there, a company official confirmed on May 10.
-
Minerals and Metals Group (MMG), a nonferrous mining subsidiary of China Minmetals Corporation (CMC) in Australia, recently announced that its Dugald River zinc operation in Queensland began commercial production on May 1.
