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Metal News

Alcoa reports loss as it shutters capacity

New York - Aluminum giant Alcoa Tuesday reported a quarterly loss due to heavy restructuring expenses after it shut smelters and rolling mills in response to low aluminum prices.
In the Media by AFP

Copper hits near 4-year bottom over China slowdown fears

London - Copper prices hit Tuesday their lowest in nearly four years on the London Metals Exchange over fears of a slowdown in growth in China, the world's top consumer of industrial metals.The price of a tonne of copper hit $6,469.75 at 1700 GMT, its lowest le...
In the Media by AFP

Activists criticise EU 'blood metals' initiative

Brussels - Human rights activists on Wednesday said European efforts to stop the trade in so-called "blood metals" were a "step backwards" that would not prevent profits from minerals being used to fund conflicts.
In the Media by AFP

Apple watches for conflict metal in supply chain

San Francisco - Apple on Thursday said it has verified that an essential metal used in its mobile devices is not coming from sources that help finance violent groups in Africa.The California-based maker of iPhones, iPads, iPods, and Macintosh computers said it confirm...
In the Media by AFP

Mining giant Glencore Xstrata says copper output rises 26%

Z - Mining giant Glencore Xstrata said on Tuesday that its copper production rose by 26 percent in 2013 from output the previous year, reaching 1.5 million tonnes.Copper is a key measure of the health of the commodities sector, and the Swiss-based group sa...
In the Media by AFP

Glencore Xstrata 'to pull out' of Philippine mining project

Manila - Swiss mining giant Glencore Xstrata is expected to pull out of a $5.9 billion gold-copper mining project in the Philippines, its Australian partner Indophil said.
In the Media by AFP

Montenegro launches tender for bankrupt aluminium plant

Podgorica - Montenegro on Saturday launched a tender to sell the partially state-owned KAP aluminium plant, its biggest industrial employer, which has been declared bankrupt, an official said.
In the Media by AFP

Indonesia mineral row heightens business uncertainty

Jakarta - A drawn-out row between the Indonesian government and the mining industry over a mineral export ban has added to growing uncertainty in Southeast Asia's top economy ahead of elections, observers warn.
In the Media by Olivia Rondonuwu (AFP)

Indonesia eases mineral export ban after opposition

Bogor - Indonesia's president signed off on a controversial mineral ore export ban Saturday after an 11th-hour easing of the policy following opposition from miners and warnings it would hit state coffers, cabinet ministers said.
In the Media by AFP

High tungsten levels double stroke risk

High levels of tungsten in the body could double the risk of suffering a stroke, a new study suggests. The concern is with tungsten released into the environment.
In the Media by Tim Sandle - 1 comment
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