Aluminum and Copper

Mining News Pro - Sweden`s Granges put on ice on Friday plans to form an aluminium manufacturing joint venture in the United States with Japan`s Mitsubishi Aluminum Co , saying that the project was less attractive in "current circumstances".

Mining News Pro -Kaz Minerals copper miner on Thursday announced an interim dividend of 6 US cents per share, the first since 2012, in keeping with a growing trend for miners to focus on shareholder returns.

Mining News Pro - The Escondida mine is the world’s largest producer of copper. (Copyright © 2018 Rio Tinto)

Mining News Pro - The production of anode and copper cathodes increased by 65% ​​and 62% during the first four months of the year.

Mining News Pro - Alcoa, an aluminum company in western Australia, has launched strikes since it has not reached a satisfactory deal with employers.

Mining News Pro - Ancient Egyptian copper objects. Photo from Frederik W.Rademakers` research paper.

Mining News Pro - Minerals KAZ announced this week that it is buying a Baimskaya copper project in Russia in order to increase its copper production and reduce production costs.

Mining News Pro - Tramp wrote in a Twitter message saying "the value of the Turkish currency, Lira, falls quickly against our very strong dollar," while declaring a doubled tariff for imports of steel and aluminum from Turkey.

Mining News Pro - Aluminium prices rose strongly for a second day on Thursday, hitting their highest since late June after a strike at Alcoa alumina refineries in Australia and warnings of shutdowns by Rusal revived concerns of supply shortages. Benchmark aluminium on the London Metal Exchange (LME) did not trade in official rings but was bid up 1.4 percent at $2,136 a tonne after rising 3.3 percent on Wednesday. It hit a 15-week low of $2,000.85 in late July on expectations that the United States would allow aluminium made by Rusal, the biggest producer outside China, to keep trading on global markets and trade disputes would weaken metals demand.

Mining News Pro - A representative of Canadian gold giant Barrick Gold (TSX, NYSE:ABX) told the Globe & Mail today that the company’s Saudi operations are not affected by the current diplomatic dispute between Ottawa and Riyadh.

Mining News Pro - Latin America-focused Westminster Resources (TSX.V: WMR) announced today that it has signed a letter of intent to acquire a land package in the La Ronge district of Saskatchewan, central Canada.

Mining News Pro - * China reported to be boosting investment in railways * Planned Escondida strike postponed for mediation

Mining News Pro - WASHINGTON, Aug 6 (Reuters) - Alcoa Corp on Monday asked the U.S. Commerce Department to exclude its purchases of a type of aluminum from Canada that is used to make cans from tariffs the Trump Administration levied on aluminum and steel in June.

Mining News Pro - Copper bulls have been waiting all year for a strike and along come three potential Chilean flashpoints in the space of a week.

Mining News Pro - WASHINGTON – Alcoa Corp on Monday asked the US.Commerce Department to exempt from tariffs its purchases of 40 000 metric tons of Canadian aluminum used to make beverage cans, adding to thousands of requests for such relief.

Mining News Pro - Copper import rights are between 5% and 25%. Ore and concentrates of copper, zinc and nickel include a 25% tariff.

Mining News Pro - Aluminum prices are on the upside, despite the strengthening of the dollar index, and demand growth.

Mining News Pro - Metals X has secured $50 million in institutional funding for the ramp-up of the Nifty copper project in the East Pilbara, Western Australia.

Mining News Pro - Rashtriya Ispat Nigam Limited (RINL) - a state-owned steel maker under the Ministry of Steel, has re-issued tender for export of 10,000 MT Billets and 12,500 MT Wire Rod. As per sources, last export tender of billet and wire rod which was issued for same quantity and specification which was due on 26 Jul`18 was canceled following which company has issued fresh tender.

Mining News Pro - Copper cathode from Aktogay mine. Image courtesy of KAZ Minerals.

In Picture