The Trump administration has confirmed that a 25% tariff on all foreign aluminum imports to the United States will take effect on March 4. The announcement followed President Donald Trump’s signing of the order, which he said aims to simplify tariffs on metals and ensure clarity in their application. “This is 25 percent with no...
READ MOREBritish Columbia officials are optimistic about securing alternative markets for aluminum produced at the BC Works smelter in Kitimat, following tariff threats from the United States. Ravi Kahlon, the minister coordinating the province’s response, stated that Rio Tinto, the operator of the smelter, is confident it will quickly find non-U.S. buyers. Premier David Eby recently...
READ MORECentury Aluminum Company has voiced strong support for President Donald Trump’s executive order to enhance Section 232 tariffs, aimed at combating unfair trade practices that have impacted the U.S. primary aluminum industry. The order imposes a 25% tariff on all primary aluminum imports into the U.S. and closes loopholes that previously allowed nearly 75% of...
READ MOREChinese companies now control approximately 75% of Indonesia’s nickel refining capacity, according to a report by Washington-based global security nonprofit C4ADS. The report highlights concerns over supply chain dominance and environmental risks associated with this foreign influence. Indonesia’s total nickel refining capacity stands at 8 million metric tons, spread across 33 companies. However, ownership tracing...
READ MOREeports that the US administration is considering a uniform 25 percent tariff on all aluminium imports highlight the volatility in global trade. Although these tariffs are not yet confirmed, their potential implementation could have significant implications for Australian industries. The Minerals Council of Australia is collaborating with the Department of Foreign Affairs and Trade and...
READ MOREA New York judge has authorized Trafigura to subpoena records from major banks to trace the whereabouts of funds linked to a $600 million fraud the company alleges was orchestrated by metals trader Prateek Gupta. Trafigura filed a request in New York last month seeking access to bank records related to transfers made by companies...
READ MOREThe Aluminium Association of Canada has expressed strong opposition to the 25% tariffs announced by the U.S. administration, calling them disruptive and damaging to both Canadian and American economies. Jean Simard, President and CEO of the association, stated, “We are disappointed, but we were expecting this and are ready for it.” He emphasized that the...
READ MOREChina announced new export restrictions on five critical metals on Tuesday, shortly after U.S. President Donald Trump imposed an additional 10% tariff on Chinese goods. The restrictions apply to tungsten, tellurium, bismuth, indium, molybdenum, and related products, which are essential in defense, clean energy, and various industrial sectors. The Chinese Commerce Ministry stated that the...
READ MOREU.S. President Donald Trump’s decision to revoke electric vehicle (EV) incentives has sparked concerns about its potential impact on Indonesia’s nickel industry and the growing dominance of Chinese firms in the Southeast Asian nation’s EV supply chain. Trump targeted EVs immediately after taking office on January 20, overturning a 2021 executive order by former President...
READ MOREEmployees of the Zangezur Copper and Molybdenum Combine (ZCMC) who have been on strike since January 31 may face disciplinary action, according to a company statement released on Saturday. Over 700 workers have walked off the job, demanding wage increases. ZCMC management stated that some employees failed to report to work, while others left their...
READ MORERohit Pathak, CEO of Copper Business at Hindalco Industries, has been appointed to the Board of Directors at the International Copper Association (ICA), recognizing his leadership and contributions to the global copper industry. In this role, Pathak will help shape international strategies, focusing on sustainability, industry growth, and best practices in copper production. His expertise...
READ MOREDonald Trump’s proposed import tariffs on aluminium and copper have sparked concerns over potential price increases for consumer goods. Industry analysts fear that restricting imports could reduce metal availability, impacting production and raising costs for end-use manufacturers. Trump announced his intent to impose tariffs on key metals, including those used in US military hardware, during...
READ MOREFormer U.S. President Donald Trump stated that he wants Ukraine to supply the United States with rare earth minerals as a form of repayment for financial support provided during its conflict with Russia. Speaking at the White House, Trump said Ukraine was open to the proposal and emphasized the need for “equalization” in return for...
READ MOREACG has announced the appointment of Michael R. Pompeo, former U.S. Secretary of State, as a Non-Executive Director. Pompeo, who served as the 70th U.S. Secretary of State from 2018 to 2021 and as the Director of the Central Intelligence Agency from 2017 to 2018, brings extensive geopolitical expertise and a strong global network to...
READ MOREMinera Ojos del Salado, a subsidiary of Lundin Mining, has been fined $3.3 million by Chile’s Superintendencia del Medio Ambiente (SMA) following an investigation into the 2022 sinkhole at the Alcaparrosa mine. The ruling also mandates the continued closure of the mine due to four environmental violations. Mining operations at Alcaparrosa have been suspended since...
READ MORETanzania has signed a $2.15 billion agreement with two Chinese firms to build a railway connecting its main port of Dar es Salaam to a nickel mine in Burundi. Tanzania Railways Corp. awarded the contracts to China Railway Engineering Group Ltd. and China Railway Engineering Design and Consulting Group Co. Transport Minister Makame Mbarawa stated...
READ MOREThe European Union is reportedly discussing new import restrictions on Russian aluminium as part of its 16th sanctions package against Moscow for the invasion of Ukraine. However, the impact is expected to be limited, as Russian metal continues to find alternative buyers outside sanctioning countries. LME aluminium prices briefly rose above $2,600 per tonne in...
READ MOREIndia has allocated 163 billion rupees ($1.88 billion) to advance its critical minerals sector, aiming to secure essential raw materials such as lithium. The federal Ministry of Mines confirmed the funding, which will support domestic exploration and offshore mineral projects. The government expects an additional 180 billion rupees in public sector investment for critical minerals,...
READ MOREThe Canadian federal government has announced a $41 million investment in Foran Mining Corporation’s Saskatoon office to support the development of emissions-free copper production. The funding will be used to expand Foran’s McIlvenna Bay plant in Saskatchewan, creating 400 new jobs and advancing the country’s transition to a net-zero carbon economy. James Steels, Chief Financial...
READ MOREThe bipartisan Congressional Aluminum Caucus has been re-launched, spearheaded by Congresswoman Carol Miller and Representatives Glenn Grothman, Haley Stevens, and Morgan McGarvey. The caucus aims to promote awareness of the U.S. aluminum industry, address key challenges, and highlight the metal’s essential role in modern manufacturing. Congresswoman Miller emphasized the economic and industrial significance of aluminum,...
READ MORECentury Aluminum has entered Phase One of a four-phase agreement under the U.S. Department of Energy’s (DOE) grant initiative, first extended in March 2024. The project aims to strengthen domestic aluminum manufacturing capacity, reduce reliance on imports, and secure critical supply chains vital to national security and economic growth. In March 2024, Century was chosen...
READ MOREAn expert panel of senior civil servants, industry specialists, and media professionals has called for immediate policy measures to support domestic aluminium manufacturers and encourage investment in India’s aluminium industry. The discussion, organized by Bureaucrats India, focused on the challenges faced by the sector, including increasing import reliance and substandard aluminium flooding the domestic market....
READ MOREThe European Commission is preparing to propose a ban on imports of Russian primary aluminum as part of its 16th sanctions package against Russia, EU diplomats revealed on Tuesday. The proposed measures aim to increase economic pressure on Russia following its invasion of Ukraine. Informal discussions were held among EU member states to finalize the...
READ MOREThe European Recycling Industries’ Confederation (EuRIC) has cautioned the European Commission against imposing restrictions on scrap exports, emphasizing that such exports are essential to sustaining recycling businesses within the European Union. EuRIC’s statement comes in response to a December 2024 letter from Eurofer and European Aluminium advocating for stricter controls on the export of ferrous...
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