Week-in-review: Smelters, scrap, and a squeeze play
Terminal markets firmed up amid new smelting announcements, tightening bauxite expectations, and jittery macro signals.
Tag: Mining
Can copper smelters survive shrinking margins?
Smelters may choose to increase their use of secondary materials, including scrap, to mitigate their losses.
UPDATED- Recycled aluminum prices at risk of volatility and US mining industry faces talent squeeze
Aluminum market rattled and US mines face a harsh reality
ICSG revises 2024 copper forecast
Production growth had been forecasted at 3.7% by the group in October 2023.
Exploring copper market dynamics: Insights from industry expert Edward Meir
The global copper market is still tight due to situations like the shut down of First Quantum’s Cobre Panama mine, taking production off the market.
Final Thoughts: A non-ferrous supply slump drags on
Non-ferrous recycled metals supply slump continues, but for how long? And ferrous recycled metals forecast to be cloudy for May.
Alcoa makes $2.2 billion bid for Australian partner Alumina
Pittsburgh-based aluminum company Alcoa wants to acquire its Australian partner, Alumina Limited, in an all-stock deal valued at $2.2 billion.