Defense Department to invest $174 million in Alcoa's gallium plant in Australia
Currently, gallium production is concentrated in China, which introduce market controls in 2023.
Currently, gallium production is concentrated in China, which introduce market controls in 2023.
And there certainly was no shortage of things to talk about. Tariffs, geopolitics, domestic production trends, data center construction, and scrap availability were just some of the topics getting the spotlight.
August survey results showed stronger demand alongside shorter measured lead times, while imports became more competitive and forward expectations moved toward balance.
The project is expected to break ground later this year.
Gränges Americas sales volume rose 7.7% in the second quarter as packaging gains outweighed lower industrial shipments tied to construction demand.
Markets were somewhat adrift this past holiday-shortened week as there was not much meaningful news to go by.
Going into this week, focus will remain on US equity markets as investors wait to see whether Friday's selloff will intensify, in which case we could see knock-on price declines in a number of other complexes—including base and precious metals.
The Lebanon facility will effectively double the company's total annual processing capacity to an estimated 240 million pounds.
Crude oil prices retraced late last week on growing optimism about the Iran war. All this sounds promising. But our sense is this is going to be an intricate sequencing game. And it runs the risk of unraveling if one side or the other seeks to prioritize its concessions over those made to the other. We will have to see what happens.
Construction indicators strengthened entering Q2, though most momentum was concentrated in data centers and infrastructure projects.