Short range outlook for steel industry of advanced economies
Steel demand in the developed economies suffered a sizable contraction in 2022 because of monetary tightening and high energy costs.
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USA
Jervois suspends construction at Cobalt Operations due to low cobalt prices
Battery metals producer and developer Jervois Global has announced its decision to suspend final construction and full concentrator commissioning at
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Albemarle invests $1.3B in new lithium hydroxide facility
Lithium producer Albemarle has announced plans to locate its previously announced lithium hydroxide Mega-Flex facility in Chester County, South Carolina.
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Aurubis forges ahead with the first multimetal recycling plant
Bundling know-how, fully exploiting synergies, and entering a new market: Multimetal producer and copper recycler Aurubis AG and Düsseldorf-based plant
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White House’s 200% tariffs imposed on Russian aluminium
The American president has declared 200% tariffs on aluminium and derivative aluminium from Russia, starting on the 10th March 2023.
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Li-Cycle to get $375M loan from the US Department of Energy
Li-Cycle has announced that the company and the U.S. Department of Energy (DOE) Loan Programs Office, through its Advanced Technology
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US’s Finished Steel Imports market share in 2022 was 24%
Washington, D.C. – Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron
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Russia’s gold reserves a target in U.S. defense spending bill
The U.S. continues to target Russia’s massive gold reserves in an effort to sanction the country for its nearly year-long
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Piedmont picks Tennessee for its $600M lithium hydroxide project
Piedmont Lithium has announced the selection of Etowah, Tennessee in McMinn County as the location of the company’s planned 30,000
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Electra Battery Materials advances refinery for EV market
In Ontario Electra is restarting a refinery named Battery Metals Park. The operation is 350 miles (600 kilometres) from the
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O-I Glass to build new glass plant in Bowling Green, KY
Perrysburg, Ohio – O-I Glass, Inc. will build a new greenfield glass plant in Bowling Green, KY. In line with
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Idaho cobalt project on track for commissioning in Q3 2022
Jervois Global said today that its Idaho Cobalt Operations (“ICO”) capital project schedule and costing review has led to Jervois
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Sibanye Stillwater updates on the impact of flooding on the PGM operations
Johannesburg – Sibanye-Stillwater has updated on the impact of the regional floods which, on Monday 13 June 2022, affected a
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New sanctions on ‘barbaric’ Russia include a ban on importing coal
EU Commission President Ursula von der Leyen new sanctions on Russia – including a ban on importing coal, vodka and
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Nevada Copper reports record monthly production at Pumpkin Hollow
Nevada Copper has announced positive operations advances at its Pumpkin Hollow project, including record monthly production and continued expectation of
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Georgia to retire all its coal-fired power plants by 2035
Tom Fanning, chief executive of Georgia-based utility group Southern Company, has been a long-standing defender of coal. “We must place
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US steel imports in 2021 surging by unprecedented 47%
Economy Rebounds from COVID – No one could have predicted when the virus crippled commerce in spring 2020 that the
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US emerges as important gas supplier to the world
About 20 cargoes of US LNG are currently on their way to Europe, responding to soaring natural gas prices in
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Tapping a new market in multimetal recycling in the US
With the construction of Aurubis Richmond, Aurubis is tapping a market with strong growth potential and expanding its international integrated
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Recycler of aluminium announces $10 million in plant upgrades
ROSEMOUNT, Minn. – September 14, 2021 – Spectro Alloys, the leading Midwest-based recycler of aluminum, has announced approximately $10 million
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US adds nickel and zinc to the critical minerals list
RESTON, Va. – The U.S. Geological Survey has announced it is seeking public comment by December 9, on a draft revised list of
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Coal thrives under Biden as it never did with Trump
While Donald Trump vowed to revive the coal industry, it’s President Joe Biden who’s seeing a big comeback of the
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ECA calls for the US to curb energy exports
Gas buyers in the US have been looking nervously at rising domestic prices. As gas prices have soared in Europe
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US steel production capacity utilization stays at 84.9%
American Iron & Steel Institute announced that in the week ending on August 28, 2021, US domestic raw steel production
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Sibanye Stillwater delivers another record financial performance
Sibanye Stillwater operational performance for H1 2021 was significantly better than for the comparable period in 2020, reflecting the resumption
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US senators introduce steel emissions reduction act
US Representatives Anthony Gonzalez (OH) and Conor Lamb (PA) introduced last week the Steel Upgrading Partnerships and Emissions Reduction Act
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Rio Tinto to go underground at Kennecott Copper
Rio Tinto has permitted a USD 108 million investment in underground development to enable early orebody access and undertake orebody
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Optimus Steel modernizes its complete rolling process
Optimus Steel Inc has selected Danieli to modernize the complete rolling process for its 1 million ton per year minimill
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Befesa SA will acquire 100% of American Zinc Recycling
American Zinc Recycling LLC, a leading provider of environmental services to the US steel industry, announced that Luxembourg based Befesa
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US Steel joins ResponsibleSteel for sustainable future
United States Steel Corporation announced its membership in ResponsibleSteel, a global not-for-profit forum for all members of the steel supply
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