India has asked the United States for an exemption from U.S. steel and aluminium tariffs, in exchange for removing some tariffs on U.S. agricultural goods but Washington is not seriously considering the offer, sources familiar with the discussions said.

Reuters

India unlikely to get U.S. exemption on steel, aluminium tariffs

According to a 2017 World Bank report, ‘The Growing Role of Minerals and Metals for a Low Carbon Future’, aluminium is one among a select group of metals that will lead the global transition to a low-carbon future.

The Hindu Business Line

Aluminium will fast-track journey to net zero

early March, the Canadian government announced during the 2023 Canadian International Mining Conference that it will invest nearly CAD 360 million (about $260 million) to promote research, development and expansion in key mineral fields.

Shanghai Metals Market 

Canada Strengthens Support for 31 Key Minerals Including Copper, Aluminium, Lithium, 

he CBAM is set to complement the EU’s Emission Trading System (ETS), in order to help hit the bloc’s ‘Fit for 55’ target of reducing carbon emissions by 55% by 2030 compared to 1990 levels and eventually achieving net zero by 2050.

Hellenic Shipping News

How the EU’s carbon border tax will affect the global metals trade

An initial agreement between the European Parliament and Council on a Carbon Border Adjustment Mechanism (CBAM) to crack down on carbon leakage will have ramifications for aluminium trade, and possibly before the end of the year. While the agreement still needs to be confirmed and adopted by EU member states and the European Parliament, the provisional agreement of a transitional phase could be in place by October.

EU carbon levy pressurises metal

A machine that moulds scrap aluminium into automotive parts could help speed up production of electric vehicles while cutting down the industry's dependence on aluminium mining and extraction



New Scientist

Machine recycles scrap aluminium directly into vehicle parts

The machine learning indicates that the most-traded SHFE aluminium contract will fluctuate downwards or rangebound this week.

SMM Aluminium Price Forecast Based On Machine Learning In Week Ending April 28, 2023

Aluminium yesterday settled down by -0.84% at 212.95 on concern over global economic growth and demand in China. Global primary aluminium output rose 0.5% year on year in March to 5.772 million tonnes, data from the International Aluminium Institute (IAI) showed. 

Investing.com

Aluminum dropped on concern over global economic growth and demand in China.

Researchers have presented an effective and environmentally friendly process for transforming leftover aluminium from automotive manufacturing into new vehicle components.

E&T Magazine

Aluminium scrap suitable for making new car parts, saving energy, scientists suggest

Aluminium yesterday settled up by 0.49% at 205.1 as China’s aluminum ingots inventory continues to decline. Support is also seen as aluminum capacity in Yunnan that was previously curtailed has not yet resumed production.

Aluminum gains as China’s aluminium ingots inventory continues to decline

The global High Purity Aluminum Market size was USD 1.85 Billion in 2021 and is expected to register a revenue CAGR of 20.7% over the forecast period, according to the latest report by Reports and Data.


Digital Journal 

High Purity Aluminum Market Size to Reach USD 9.92 Billion at a CAGR of 20.7% by 2030 | Reports and Data  Read more: https://www.digitaljournal.com/pr/news/high-purity-aluminum-market-size-to-reach-usd-9-92-billion-at-a-cagr-of-20-7-by-2030

Today, aluminium is emerging as a preferred metal for auto manufacturers, owing to its rare features. It has a high strength-to-weight ratio, is light weight, offers high resistance to corrosion, is highly recyclable, malleable and ductile.

The Times of India

Aluminium can help green mobility get moving

China’s aluminium imports from Russia more than tripled in the first two months this year with a 266.2% surge, customs data showed on Monday, as buyers eyed rising Chinese demand and after Western firms shied away from trading Russian metals.

China Jan-Feb aluminium imports from Russia more than triple on-year

Surefire Resources hopes what it says is a “unique” high-purity alumina (HPA) deposit will lead to lucrative value-adding rewards from its flagship Victory Bore vanadium project, 400km inland from the WA port city of Geraldton.

The West Australian

Surefire buzzing over “unique” aluminium oxide deposit

The new subsidiary will consolidate IOC's low-carbon and green energy businesses to meet the requirements of its 2046 net zero target, the refiner said in a stock exchange filing on March 15.

Argus Media

India’s IOC plans subsidiary for green energy business

The ban covers unwrought aluminium, finished products, including containers, and other household items made from aluminium.

Mining Technology

Canada prohibits import of Russian aluminium and steel

Emirates Global Aluminium (EGA), one of the world's largest aluminium producers, said on Tuesday its annual net profit for 2022 surged 34% to a record 7.4 billion dirhams ($2.01 billion) on higher prices for the metal.

Emirates Global Aluminium's 2022 profit surges to a record $2 bln

SMM believes that the demand for aluminium from the Chinese PV sector will spike 30% year-on-year in 2023.

Aluminium demand in Chinese photovoltaic sector to soar 30% in 2023

Aluminium futures on the Chicago Mercantile Exchange (CME.O) hit record average daily volumes in February, a four-fold jump compared to a year ago, and open interest also reached historic highs

Aluminium open interest, volume on CME hit record high in February

The United States has extended its punitive economic measures against Russia into the metals and mining sector.

United States targets Russian aluminium and other metals

Industrial Metals | Aluminium

While a common goal of a net zero future is shared within the region, implementation pathways will vary, as demonstrated by three unique approaches in theUS, Canada, a...

Forbes

Unlocking The Energy Transition In The Americas: Three Regional Perspectives

Copper isn’t the only critical metal of which we may not have enough. The European Commission noted in a 2020 white paper the growing list of critical minerals, the supply of which may not be adequate. Some are in demand because they are important to an increasingly electrified transportation system and the renewable energy industry.

Resilience

On the emerging copper shortfall, mainstream media notices

While they are being promoted around the world as a crucial weapon in reducing carbon emissions, solar panels only have a lifespan of up to 25 years

Solar panels - an eco-disaster waiting to happen?

Peru is bullish about holding on as the world's No. 2 copper producer with key projects set to move forward

Peru bullish about copper No. 2 spot as Congo closes gap

Weaker-than-expected demand for copper from China dampened the sentiment for the base metals


Economic Times

How copper prices are getting affected by complex interplay of supply and demand

A group of companies that are part of the Argentinian Chamber of Mining Entrepreneurs have launched a “Copper Board” to push for $22 billion in investments that would benefit copper projects in the western provinces of Catamarca, Salta and San Juan.



Mining.com

New ‘Copper Board’ aims to boost Argentina’s copper projects

Electric vehicle advocates say the cars ultimately have a smaller carbon footprint than their fossil-fueled counterparts and could resolve our energy concerns for good

Tech Xplore

Batteries are the environmental Achilles heel of electric vehicles—unless we repair, reuse and recycle them

Panama is sitting on massive reserves of copper and other minerals crucial to the energy transition. Now it – and other Latin American nations – are wringing massive concessions from mining companies like Vancouver’s First Quantum Minerals

The Globe And Maill

Panama is ready to cash in on its copper boom

Australia's Sandfire Resources said on Thursday that it has produced the first copper concentrate at its new Motheo mine in Botswana’s Kalahari Copper Belt, becoming the second producing mine in the emerging copper hotspot.

Australia’s Sandfire produces first copper at new Botswana mine

BHP Group Ltd. is confident China’s troubled property market will turn around in coming months, despite gloomy economic signals pushing iron ore and copper prices back to levels last seen during the Covid Zero era. 

Bloomberg

BHP Confident China Property Recovery Will Boost Metals Demand

Copper prices rebounded on Friday on hopes that U.S. politicians will seal a deal to avert a debt default and as investors adjusted positions ahead of the weekend

Zawya

Copper rebounds on optimism over U.S. debt talks

Newmont’s $17.5 billion recommended takeover of Australia’s Newcrest boosts its exposure to key metal in energy transition


The Wall Street Journal

The World’s Biggest Gold Miner Bets Big on Copper

Copper prices hit their lowest in more than five months on Friday as fears of slowing demand in top consumer China, rising inventories and a stronger dollar reinforced negative sentiment

Finimize

Copper's Price Hit Its Lowest Level In More Than Five Months

A transition to net zero would thus require much more copper than we are producing now on a global scale.

Oil Price

The Energy Transition Has A Metals Problem

Copper prices rose on Friday after strong US jobs data brightened the near-term economic outlook, but the gains only offset losses suffered earlier in the week due to lacklustre demand in China and rising inventories.

Business Recorder

Jobs data staunches copper’s losses

Copper prices headed for a third consecutive weekly decline on Friday amid lacklustre demand in China, rising inventories and expectations of weak growth in the United States and elsewhere

Weak demand pushes copper towards third straight weekly loss

As demand for copper surges, supply is increasingly likely to come from mines like this one on the arid steppe: expensive, technically complex, outside traditional copper jurisdictions and operating under the eye of governments jealously guarding their natural resources.

Japan Times

Copper mine flashes warning of ‘huge crisis’ for world supply

There’s a global race for ‘green’ metals used in electric vehicle (EV) manufacturing, such as copper, cobalt, lithium and manganese – commodities that are abundant in Africa.


Moneyweb

A peek into Africa’s mining future

The rapid development of technology that had begun in the 1850s continued on into the 20th century. Mining companies working low-grade copper deposits were quick to adopt machinery that, although not intended for mine work, were of immeasurable benefit to the Lake Superior mines.

The Mining Gazette

In comparison, one stamp mill is as good as the next

Industrial Metals | Copper

Against the backdrop of the European Union’s impending Carbon Border Adjustment Mechanism scheme and decarbonization efforts accelerating around the globe, many steelmakers in the region have invested in new equipment and less carbon-intensive production routes to cut emissions. Now, many are looking for a return on their investments in the form of premiums for certified carbon-accounted steel over standard material.

Europe’s decarbonization focus sets region’s steel sector in motion

India's Minister for Steel, Jyotiraditya Scindia, has stated that India must increase the amount of vehicle scrap used in steelmaking to reduce carbon emissions. Additionally, Scindia noted concerns about injuries to the Indian domestic steel industry due to imports. However, he highlighted that India is still a net exporter of steel, and the country needs to increase its volume of steel scrap recycling to meet the challenging goal of decarbonising while also expanding steel capacity.

Need to use more scrap for steel making in decarbonization push: Scindia

In an indistinct office park in the suburban outskirts of Boston, a ten-year-old startup is trying to reinvent a process at the core of the $1.6 trillion steel industry to reduce carbon emissions and fight climate change.

CNBC

The World Bank is betting on this company to 'green' the $1.6 trillion steel industry — take a look inside

After a meeting of the presidents of Brazil and Argentina this week in Brasilia, the Brazilian ministry of foreign relations (MRE) issued a statement describing advances in negotiations about the financial support of projects of the interest of both countries. The statement has focused on the progress of conversations about the financing by the Brazilian official development bank BNDES of exports of Brazilian steel plate and pipe to Argentina, to be used in the second phase of the Nestor Kirchner pipeline.

Steel Orbis

Brazil will finance steel plate and pipe exports to Argentina

The United States will extend by another year the temporary suspension of tariffs on Ukrainian steel, the Commerce Department said on Wednesday, citing the Russian invasion of Ukraine.

US extends by another year temporary suspension of tariffs on Ukrainian steel

India's steel consumption is expected to grow by 7.5% during the current fiscal year to March 2024, boosted by rising demand from the domestic construction, railways and capital goods sectors

India's steel demand to grow 7.5% in 2023-24, industry body says

India’s steel consumption is bucking the global trend and is estimated to grow 7-8% on rising government spending and signs of a resurgence in private sector investments, said Jayant Acharya, joint managing director and chief executive of JSW Steel. 

India’s steel consumption to grow 7-8% on govt spending’

India’s steel consumption is bucking the global trend and is estimated to grow 7-8% on rising government spending and signs of a resurgence in private sector investments, said Jayant Acharya, joint managing director and chief executive of JSW Steel.

Mint

India’s steel consumption to grow 7-8% on govt spending

Using hydrogen generated with renewable energy, steelmaking could have an American revival. 



Building Design + Construction

New manufacturing processes can make steel construction a greener option and add U.S. jobs

The government-backed China Iron and Steel Association (CISA) on Tuesday debated how to speed up the revision of standards for steel scrap to boost imports.

China steel body seeks speedy change to scrap standards

A new study shows the potential for clean energy and hydrogen-based steel production to slash carbon emissions and put Americans to work.

Canary Media

Green steel could help rebuild America’s Rust Belt

Data adds to growing sense that Chinese economy has failed to fully recover after removal of zero-Covid policies 

Financial Times

China’s economic recovery in doubt as industrial output falls short

Yuriy Ryzhenkov, the chief executive officer of Metinvest Group, addressed Ukraine’s role in the future of the European steel industry, indicating that the country has the potential to become a primary supplier of direct-reduced iron (DRI) to Europe.

Fastmarkets

Ukraine has potential to become primary DRI supplier to Europe, Metinvest CEO says

The export of iron ore has been a key pillar of Australian prosperity for the last half century. In a shock announcement during the visit of Trade Minister Don Farrell to China, the largest Chinese steelmaker, Baowu, announced it was looking to make “green” iron and steel in Australia, Brazil or ­Canada.

The Australian

The race to keep up as China accelerates ‘green’ steel

Thyssenkrupp has urged Berlin to move quickly to approve hundreds of millions in subsidies for a landmark carbon-neutral steel site, with one of the company's labour bosses saying workers' patience had run out

Thyssenkrupp workers urge Berlin to move quickly on steel subsidies

Steel has long been the backbone of construction, but with prices rising and embodied carbon targets pressing, basalt rebar could become an alternative.



New Civil Engineer

Could basalt reinforcement replace steel in infrastructure construction?

Steelmaking is an energy intensive business, and accounts for among the highest carbon emissions globally. Production of green steel basically means doing so without the usage of fossil fuels in order to cut down on carbon emissions.

Large steelmakers look for government support on path to green steel

Australia is at risk of over-mining key transition minerals by relying on “overblown” demand assumptions, according to a new report which warns policy steps to encourage responsible and sustainable use of critical minerals, such as improved battery recycling, are being ignored.



PV Magazine

Australia warned of over-mining risk in rush to secure critical minerals

Tata Steel has warned that the finances of its UK business face "material uncertainty" given market conditions and the level of government support

BBC News

Tata Steel warns of uncertainty over future of UK business

Industrial Metals | Steel

Rising industrial demand comes as South African supply hit by electricity shortages

Platinum market expected to enter record deficit this year

Aramco, Baoshan Iron & Steel Co., and the Public Investment Fund (PIF) have signed an agreement to establish an integrated steel plate manufacturing complex in Saudi Arabia. 

Oil and Gas Middle East

Aramco, PIF to build first steel plate manufacturing complex in Saudi Arabia

Berlin wants to reduce its dependence on China by extracting more critical raw materials, such as fluorspar, at home

The Big Dig: Germany reopens its mines in quest for mineral self-sufficiency

Africa contributes significantly to the world's annual production of key minerals and must leverage this to finance its sustainable development ambitions

ESI Africa

Africa should leverage key minerals to spur investments and SGDs

Deal between Chinese group and Gécamines threatens to add downward pressure on cobalt prices

Shares in China metals miner CMOC surge as Congo impasse clears 

U.S. companies are seeking Chinese partners for Indonesian nickel.


Foreign Policy

China Has Sewn Up a Critical Metals Market

Australia is seeing early success in attracting investment from key diplomatic allies in its nascent critical minerals industry amid a global push to reduce reliance on dominant producer China, the country’s resources minister said on Thursday.

Australia forging ahead on critical minerals accords with allies-minister

It’s no secret that climate change is one of the most pressing issues of our time, and its impact on our planet and our communities can be devastating. As we continue to grapple with this global crisis, it’s important for all industries, including mining, to do their part to mitigate their impact on the environment.



Mining Review Africa

Digging for change: South African industry addresses climate change

Italy will present its plan to help improve export logistics for Ukrainian companies, including steel mills

Italy to help Ukraine unblock its steel exports amid limited seaport access

China can transfer its technology and equipment to Pakistan to promote the upgrading of Pakistan’s steel industry, highlighted Li Sheng, General Manager of the Pakistani Branch of China First Metallurgical Group Co., Ltd.

Daily Times

Pak-China cooperation to help upgrade steel industry: experts

The copper price fell on Thursday as traders and investors were cautious ahead of a key meeting in China that will set the economic agenda in the country.



Copper price falls ahead of China’s annual parliament meeting

Britain said on Wednesday it would extend anti-dumping measures on Chinese reinforcement steel after its Trade Remedies Authority (TRA) reversed an earlier recommendation to drop the duties.

Britain extends anti-dumping measures on Chinese steel after advice reversal

In 2021, steel exports from the two countries stood at about 48 million tonnes, accounting for around 10% of global steel trade

Business Standard

One year of Ukraine war: A roller-coaster ride for steel companies

Industrial Metals | Geopolitics

Iron Ore Company of Canada, which is majority owned by Rio Tinto, said on Tuesday that it had temporarily halted operations at its Qubec mine following wildfires.


Canada's Iron Ore Company halt operations at Qubec mine following wildfires

Investors have started plans to construct a multi-billion iron ore smelting plant in Rubanda District. The factory which was a 2016 presidential pledge has remained unfulfilled up to date. In 2019, the Devki Group of Companies from India led by its chairman Raval Guru Narendra, expressed interest in establishing the plant on a 250-acre piece of land located in Kabirizi, Kanyamatembe, and Kishaki villages in Rubanda town council.

The Independent

Investors to construct Iron Ore plant in Rubanda

After a quarter of a century of one of the most prolonged booms in history, Australia’s great iron age is beginning to fade. The industry’s best days appear to be behind it, with iron ore prices in retreat for months and barely managing to stay above $US100 ($152) a tonne, a 30 per cent decline since March.

Global Village Space

Australia’s Iron Ore Boom Fades: What’s Next?

The commencement of drilling at the Simandou Iron Project is a major milestone for Arrow as we continue to work towards discovering high-grade iron ore resources in the Simandou range at a time where major infrastructural developments to service the area are underway.

Diamond drilling begins at Arrow Minerals’ Simandou iron project

Vale's new iron ore briquettes, along with high-grade lump ores from Canada, South Africa and Brazil, as well as biomass-based direct-reduced iron and steel production may offer alternative feedstocks and renewable processes easing constraints for steel decarbonization.

You can’t miss it!

Industrial Metals

Latest on Industrial Metals