All of Hongqiao's smelting capacity is currently located in the city of Binzhou in Shandong and relies on coal-fired power for the electricity-intensive smelting process.
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Makassau was referring to a smelting plant operated by PT Smelting, a unit of Mitsubishi Materials, located in the regency of Gresik near the city of Surabaya in eastern Java.
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The Caserones project is 13% owned by JX Nippon Mining & Metals, a mining and smelting unit of JXTG, 25.87% by Mitsui Mining and Smelting Co Ltd and 22.63% by Mitsui & Co .
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Mitsubishi Materials and Mitsui Mining & Smelting both gained 1.3%.
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Mitsubishi Materials gained 1.3% and Mitsui Mining & Smelting jumped 1.8%.
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We need to add downstream processing, so that's smelting, refining.
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The latter has excess smelting capacity, the former too little.
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The smelting plant was joined by paint and dye factories.
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Recycling aluminium saves 95% of energy compared with smelting new metal.
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STOCKHOLM (Reuters) - Shares in Swedish mining and smelting company Boliden (BOL.
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Alumina is the key metallic input to the aluminium smelting processing.
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Other economic forces are driving aluminum smelting from the United States.
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The company has about 1.9 million tonnes of smelting capacity in Xinjiang.
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Indonesia's nickel smelting sector is dominated by foreign companies including Chinese players.
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Incoming smelters will add 46.33 million tonnes input capacity to the smelting industry.
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Cadmium is released during the smelting of ores of iron, lead and copper.
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One company kept the Alcoa name and focuses on the traditional smelting business.
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FCX is also owns smelting and refining operations via a 25-percent stake in PT Smelting, a copper smelter in Indonesia, the rod and refining copper conversion segment in North America and Atlantic Copper, which operates a copper smelter in Spain.
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The first, which will retain the name Alcoa, will focus on traditional smelting business.
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The first company, keeping the Alcoa name, will focus on the traditional smelting business.
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It's understood that the ransomware disabled a key part of the company's smelting operations.
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"Flash smelting has never been used in a high-arsenic pyrite ore," Konogdolou said.
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Eldorado declined to comment on flash smelting for this story, citing ongoing arbitration procedures.
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"'The Story of Zinc,' 'Smelting in the Pittsburgh Mill' — we watched them," he said.
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He was due to meet workers at Rio Tinto Ltd's smelting plant in Alma.
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It has annual aluminum smelting capacity of 45 million tonnes, according to consultancy CRU.
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The father of modern mineral smelting, Georgius Agricola, saw this potential 500 years ago.
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TIN CLOSURE: China's Yunnan Tin said its smelting unit will halt production from Oct.
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"Success" would require the restart of just 500,000 tonnes of idled U.S. smelting capacity.
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It belongs to the smelting plant which he blames for bringing pollution into the valley.
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The group has also approached Rio to buy its Australasian aluminium smelting unit, sources say.
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PT Smelting is majority owned by Japan's Mitsubishi Materials Corp and part owned by Freeport.
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The current method of smelting aluminum was discovered by Alcoa founder Charles Hall in 1886.
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Aluminium smelting is a conversion business and "margins have just collapsed overnight," according to Gundersen.
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Concentrate imports are up 16.6% so far this year as smelting capacity in China expands.
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All the camps were within 200 yards of industrial waste from a lead-smelting factory.
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But smelting is still a "good" option, if only because the alternatives are far worse.
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TOKYO, Feb 13 (Reuters) - * Japan's Mitsubishi Materials Corp cut its sales estimate of copper cathode at its Indonesia copper smelting unit, PT Smelting, by 32,000 tonnes from its November forecast to 237,000 tonnes for the year ending March 31, a spokesman said on Wednesday.
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R. Sukhyar of the Indonesia Smelting Association said many aspects of the new rules were confusing.
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New smelting-refining capacity is coming on stream, injecting an extra demand boost for copper concentrates.
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More Chinese smelting capacity will help lift refined production by 2.8% this year, the ICSG forecasts.
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The ovens convert coal into coke, a fuel used in blast furnaces in iron ore smelting.
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Its 10% tariffs on imports of aluminium are also explicitly linked to protecting domestic smelting capacity.
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Jia also suggested that China should suspend imports of sulphuric acid, a byproduct of metal smelting.
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Tin mining and smelting in this southwest corner of rural England dates back thousands of years.
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This Charleston, South Carolina, site of former smelting operations was found to contain cancer-linked chemicals.
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As part of its restructuring plans, Alcoa has divested itself of 40 percent of its smelting capacity.
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Idled smelting capacity has been restarted thanks in part to U.S. tariffs on imports of the metal.
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Xinfa also owns around 2 million tonnes per year of aluminum smelting capacity in China's Xinjiang region.
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On "Closing Bell," he also contended Alcoa has increased competitiveness by cutting smelting capacity at some facilities.
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Once the exposure from open-air lead smelting is stopped, the contaminated sites can be cleaned up.
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The camps were built on land that was affected by waste from a former lead-smelting factory.
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Europe has lost more than 21% of its aluminium smelting capacity since 20.8852, the LUISS report notes.
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The ball fields of Red Hook, Brooklyn, were built on the site of a lead-smelting plant.
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Alcoa, the main aluminum smelting company in the United States, has announced the closing of a series of smelting operations in the United States while relying more on production in Canada, Iceland and Saudi Arabia, as part of what it describes as an effort to improve overall efficiency.
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PT Smelting is 2125 percent owned by Mitsubishi Materials, while Freeport-McMoRan Inc's Indonesian unit holds 2000 percent.
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The state also wants to generate more value and jobs by smelting Acacia's concentrates domestically, rather than abroad.
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At the same time, investment in China's mining and smelting has been moderately weak, suggesting cautious production expansion.
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The smelting process itself isn't entirely new; it's a variant of the electrolytic process used to make aluminum.
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The company reported a quarterly net loss after charges related to shuttering parts of its traditional smelting business.
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Alcoa has been curtailing smelting capacity as the industry endures tumbling prices amid rising trade tensions with China.
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Yet still the expansion continues: China's aluminium-smelting capacity is set to rise by another tenth this year.
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AK Steel and U.S. Steel do so traditionally, buying iron ore and coal and smelting it into steel.
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Twenty-two nickel smelting plants are currently being developed with an estimated 46.33 million tonnes of input capacity.
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Of this, about 36 percent is from renewable sources, mainly hydropower used for highly energy intensive aluminum smelting.
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The company has a lot of skin in the game from mining through smelting to trading the stuff.
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Sulphuric acid, a corrosive byproduct of smelting, is used by fertilizer and chemical companies as a raw material.
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The town's pupils go on to one of two technical colleges, a smelting engineer at the plant explained.
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All three camps were within 200 yards of enormous piles of industrial waste from a lead-smelting factory.
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But the environmental pressure on the aluminium smelting sector shows no signs of letting up any time soon.
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After Alcoa shuttered its aluminum smelting operation there four years ago, the company was looking for a tenant.
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The winter curtailments also apply to key inputs in the smelting process such as alumina and carbon anode.
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Caserones is 77.37 percent-owned by Pan Pacific Copper, a joint venture between JX and Mitsui Mining & Smelting.
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In 1865, a man named Pablo Flores discovered silver and started mining and smelting operations near the town.
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The country's smelting base now totals just eight plants with combined annual production capacity of 1.82 million tonnes.
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Aluminum: In 2018, Apple developed a process for smelting recycled aluminum that produces a much higher quality finish.
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Global smelting activity, however, edged higher, helped by strong activity in Europe, the data released on Tuesday showed.
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PT Smelting is 60.5 percent owned by Mitsubishi Materials, while Freeport-McMoRan Inc's Indonesian unit holds 25 percent.
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According to the Aluminum Association, there are five U.S. smelting facilities that are operating with three partial curtailments.
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Barcelona-based Infun has iron smelting operations in Spain, Italy and China and ironworks in Spain and China.
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Malaysia Smelting Corp Bhd (MSC) is delaying shipments to customers, sources with direct knowledge of the matter said.
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Alcoa's own aluminum smelting operations recorded a net operating loss of $22019 million in the fourth quarter of 21.5.
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Lower minimum charges indicate a tighter copper concentrate market or ample smelting capacity and are good news for miners.
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The company has stakes in Straits Real Estate, Far East Hospitality Holdings, ARA Asset Management and Malaysia Smelting Corporation.
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Growing smelting capacity has increased competition for copper concentrate in China, pushing treatment and refining charges (TC/RCs) lower.
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So enormous has been the growth in smelting capacity that China now produces more than half the world's aluminium.
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The country's nickel smelting capacity is currently 16 million tonnes and may reach 18 million this year, he added.
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Tianshan has annual aluminium smelting capacity of 1.4 million tonnes, according to Zhang Rufeng, a manager at consultancy Baiinfo.
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And here's one very immense pile of coke waiting to be used or sold as fuel for smelting iron.
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Reports have suggested the number of jobs that could be generated by increased smelting would be less than 2,000.
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So enormous has been the growth in smelting capacity that China now produces more than half the world's aluminum.
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Today, "Iron production?" has nothing to do with smelting ore, as fun a phrase as that is to type.
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Lau, however, thinks it is unlikely that Jiangxi Copper's smelting business is in trouble given its low production costs.
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A new smelting facility, operated by Whiting Metals, took over the old site and has since opened for business.
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Alumina, the key metallic input to the smelting process, has jumped by almost 50 percent to about $465 a tonne.
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An indelible aspect of the ancient Greek and Roman economies involved the mining and smelting of lead and silver ores.
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However, some of the 2.57 million tonnes may have been already closed as part of a clampdown on illegal smelting.
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Aluminium smelting requires an uninterrupted flow of power to keep the metal in a molten state as it is purified.
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They also agreed to cut iron smelting capacity by 9.33 million tonnes and shed 1.1 million tonnes of coal capacity.
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Tianshan has annual aluminum smelting capacity of 1.4 million tonnes, according to Zhang Rufeng, a manager at commodities consultancy Baiinfo.
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In March, the first-half quotas were set at 60,000 tonnes for mining and 57,500 tonnes for smelting and separation.
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In March, the first-half quotas were set at 60,000 tonnes for mining and 57,500 tonnes for smelting and separation.
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Alcoa has been smelting metal through the process at a smaller scale in a plant outside of Pittsburgh since 2009.
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Paul Adkins, managing director of consultancy AZ China, said 357,000 tonnes of annual smelting capacity came on line last month.
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It has annual smelting capacity of 400,000 tonnes of lead and 150,000 tonnes of copper in the city of Jiyuan.
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Nyrstar is one of the world's largest zinc smelting companies with plants across Northern Europe, the United States and Australia.
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Miners will argue that will happen next year as Chinese smelting capacity expands and as mine supply growth is limited.
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Business Briefing Alcoa on Monday reported a quarterly net loss after charges related to shuttering parts of its traditional smelting business.
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"The copper concentrate imports, you'd expect that to rise as copper smelting in China rises, so that makes sense," said Dhar.
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China's annual quota for rare earth mining stood at 120,000 tonnes in 2018, with smelting and separation capped at 115,000 tonnes.
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Amid the push to develop such materials, Murayama said mining and smelting will remain core JX business to generate stable income.
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The waste created from copper smelting, known as slag, contaminated the water of this ancient river and leached into the soil.
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Caserones is 77.37 percent-owned by Japan's Pan Pacific Copper, a joint venture of JX and Mitsui Mining & Smelting Co Ltd.
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As society collapsed under the pressure of the disease, industrial processes like mining and smelting were halted, along with their emissions.
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Asked about the memo, a Freeport Indonesia spokesman said Grasberg's "operation and production is reduced to adjust to Smelting Gresik capacity".
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A trade union source at the plant put current smelting production at 600,000 tonnes, with the rest of the plant closed.
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"Basically there are closures and slow ramp-ups, so the consequence is we see some lower daily smelting output," Wang said.
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Kuczynski wants to boost Peru's refining and smelting capacity so the Andean country can wring more value from its mineral exports.
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China will this year bring on line something like three million tonnes of new, state-of-the-art aluminium smelting capacity.
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When they arrested the gang, they found a small smelting machine, diamond-testing equipment, and tools to separate gold from diamonds.
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Martin Briere, who has been president of the aluminum unit focused on smelting since 2014, will leave the company, Alcoa said.
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Four years later, Alcoa's mining and smelting business was spun off, leaving Mr. Kleinfeld in charge of its parts business, Arconic.
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It is looking ever more anomalous as the regional aluminium supply chain continues migrating from upstream smelting to downstream metals formation.
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What if, as a partial substitute to traditional, energy-intensive and environmentally costly mining and smelting, the world harvested nickel plants?
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The boundaries of the towns, Hammond and Whiting, surround an old Federated Metals smelting facility, which operated from 2400 to 28.
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The boundaries of the towns, Hammond and Whiting, surround an old Federated Metals smelting facility, which operated from 193 to 1983.
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The company said it expected an alumina surplus in China in 2019, driven by refinery expansions and lower-than-expected smelting production.
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The New York-based company has been curtailing smelting capacity as the industry endures tumbling prices amid rising trade tensions with China.
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It posted a higher third-quarter profit as cost-cutting offset lower revenue from curtailed or closed smelting operations and falling prices.
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Saefulhak said the government is also reviewing the formula for calculating the bechmark price to account for both mining and smelting costs.
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The suspension of alumina deliveries risked halting Rio Tinto and Trimet's aluminium smelting operations and hitting businesses throughout the metal's supply chain.
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|
Amid that downturn, Alcoa has been reducing its refining and smelting capacity and has focused on more advanced aerospace and automotive products.
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|
In the second half of this year, Alcoa is due to split in two, spinning off smelting operations under the Alcoa name.
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China produces about half of the world's supply; last week Shandong province ordered the closure of 3.2m tonnes of aluminium-smelting capacity.
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|
At current alumina prices, a significant amount of global smelting capacity is losing money - about 40 percent of it, according to CRU.
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|
Given the expansion of smelting capacity in China, however, that may amount to no more than kicking the can down the road.
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Zhang said the shuttered illegal smelting capacity, built without the necessary permits, was not set to come back on line next year.
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This is part of a broader migration of aluminium smelting from northern higher-cost, more polluted provinces to the south of China.
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|
Often a byproduct of copper smelting, molybdenum's powerful anti-corrosive properties are vital for equipment used in the oil and gas sectors.
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"The lead levels found in Brooklyn backyards are often similar to areas where there has been past lead smelting activity," Cheng said.
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SLAG, the crystalline chunks and slabs left over from metal smelting, is what makes a lot of art glass creations so extraordinary.
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Smelters had built up stocks of smelting slag as a replacement feed but "this stock has been greatly reduced," the ITA notes.
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|
In essence, the European Commission has to decide whether the sector's future is one of smelting aluminium or making value-added products.
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Smelters had built up stocks of smelting slag as a replacement feed but "this stock has been greatly reduced", the ITA notes.
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Smelters had built up stocks of smelting slag as a replacement feed but "this stock has been greatly reduced", the ITA notes.
|
|
Bauxite may be mined and refined in Jamaica, shipped to northern Quebec for smelting, then hammered into car parts in Alcoa, Tenn.
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Beryllium is a lightweight metal that's used in foundry and smelting operations, machining, beryllium oxide ceramics, composites manufacturing and dental lab work.
|
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This comes as Indonesia on January 12 introduced rules restricting copper concentrate exports in a bid to boost its domestic downstream smelting industry.
|
|
The company said the shutdown was also causing an increase in the price of sulphuric acid, a smelting byproduct used to make fertilizers.
|
|
The rise in profit at Alcoa came despite lower revenue as it curtailed or closed some traditional smelting operations and confronted falling prices.
|
|
MIT says that the new smelting method "virtually eliminate[s]" the greenhouse gas emissions that come along with traditional means of producing metals.
|
|
The higher quality ore produces more steel for each tonne that is processed and reduces emissions as less coke is used during smelting.
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|
China's Ministry of Industry and Information Technology allows aluminum companies to replace or acquire smelting capacity as long as they stay within quotas.
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Alcoa said it expects to remove about 25 percent operating smelting capacity and about 20 percent of operating refining capacity by mid-2016.
|
|
New Caledonia had until recently resisted selling ore directly to large consuming countries such as China, hoping to protect its local smelting industry.
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Indonesia has 13 existing nickel smelting facilities with a combined input capacity of 24.52 million tonnes, which mostly produce nickel pig iron (NPI).
|
|
Alcoa Inc spun off Alcoa Corp, which houses the company's traditional aluminum smelting and refining businesses, in November and renamed itself as Arconic.
|
|
Norilsk is a heavily polluted industrial city and it's home to Norilsk Nickel, a mining giant that has a nickel smelting plant upstream.
|
|
Jobs in aluminum sectors like metal rolling, foundries and extrusions ticked up even as primary smelting jobs dropped by more than two-thirds.
|
|
Apple has teamed up with aluminum producers Alcoa and Rio Tinto on a joint venture aimed at smelting aluminum without emitting greenhouse gases.
|
|
August production will depend how lasting the impact of flooding caused by Typhoon Lekima in the smelting heartland of Shandong is, she added.
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Analysts say Chinalco's pursuit of aluminium assets in Yunnan was motivated by a desire to acquire environment-friendly smelting capacity that uses hydropower.
|
|
Those southernmost sites, originally tidal marsh, were most likely contaminated from historic fill added in the 1800s, long before the Columbia smelting plant.
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While some smelting projects have been completed, many others have been shelved as the economics deteriorated in the face of weak commodity prices.
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|
The Caserones project is 51.5% owned by JX Nippon Mining & Metals, a mining and smelting unit of JXTG, 25.87% by Mitsui Mining and Smelting Co Ltd and 22.63% by Mitsui & Co. JXTG said that Caserones turned to operating profit in the year to March 31, booking 5.5 billion yen ($50 million) against 13.3 billion yen operating loss from the previous year.
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The companies that have signed up to the ITRI reporting plan are Bluestone Mines Tasmania; Fenix Metals of Poland; Malaysia Smelting Corporation Bhd and its unit Rahman Hydraulic Tin Sdn Bhd; Belgium's Metallo-Chimique; Mineração Taboca S/A of Brazil; Peru's Minsur S.A.; Bolivia's Operaciones Metalúrgicas SA (OMSA); Indonesia's PT Timah; Thailand Smelting & Refining Company Limited and Yunnan Tin Group.
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Such has been the market's fixation on Chinese aluminum production that these equally unstable components of the smelting process have tended to be overlooked.
|
|
It remains to be seen how much more dormant capacity can be coaxed back into life because the economics of smelting aluminum remain challenging.
|
|
If the new smelting process under development proves commercially viable, he said, Rio would retrofit its entire fleet of existing smelters with the technology.
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It is developing a smelting process that emits oxygen instead of greenhouse gases, using a ceramic anode instead of a carbon anode during electrolysis.
|
|
Adding to pressure on manufacturers, factory-gate prices fell sharply amid softer demand, hurting profitability for sectors from petroleum processing to ferrous metal smelting.
|
|
After the restart, Alcoa will have about 886,000 metric tons idled of its total smelting capacity of 3.4 million metric tons, the company said.
|
|
It remains to be seen how much more dormant capacity can be coaxed back into life because the economics of smelting aluminium remain challenging.
|
|
Goals are to football what flour is to cake, what milk is to butter, what what ore bauxite is to the aluminium smelting process.
|
|
The mining and smelting industry is one of Eskom's top customers, accounting for around 30 percent of electricity demand in Africa's most industrialised economy.
|
|
Still in the sector Swedish mining and smelting firm Boliden surged 2.5 percent, buoyed by broker upgrades following stronger than expected results last week.
|
|
They represent the first stage of an obscure company's plan to convert the 60-year-old smelting works into the world's biggest cryptocurrency mine.
|
|
Smelting, both primary and from scrap, now represents just 30% of turnover and 7% of jobs in the aluminium supply chain, according to FACE.
|
|
Another factor is the changing nature of China's copper imports, with ores and concentrates playing a more vital role as domestic smelting capacity increases.
|
|
Chinese smelters are set to add another 950,000 tonnes of copper smelting capacity this year, according to a 2018 forecast by research house Antaike.
|
|
Smelting and welding, for example, are typically seen as masculine pursuits, whereas the delicate metalwork involved in jewelry-making is typically seen as feminine.
|
|
A byproduct of copper and nickel smelting, cobalt extends the life of rechargeable lithium-ion batteries, which automakers typically guarantee for eight to 10 years.
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A byproduct of copper and nickel smelting, cobalt extends the life of rechargeable lithium-ion batteries, which automakers typically guarantee for 210 to 10 years.
|
|
In investor presentations there is as much talk of data analytics and the internet of things as there is of ore grades and smelting capacity.
|
|
After the partial restart, Alcoa will have about 886,000 metric tons idled of its total smelting capacity of 3.4 million metric tons, the company said.
|
|
Nchanga operations have been "rationalised" because the new import duty makes smelting Congolese concentrates "commercially unviable", according to local operating unit Konkola Copper Mines (KCM).
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UL to explore a possible public listing of its Pacific Aluminium smelting business on the Australian Stock Exchange (ASX), two industry sources said on Friday.
|
|
World top copper miner Codelco said the $260 million contract with SNC-Lavalin had included engineering, supply and construction operations at its copper smelting plant.
|
|
The two companies share a manganese mining and smelting business located in Australia and South Africa, with Anglo American owning 40 percent of the division.
|
|
Nchanga operations have been "rationalized" because the new import duty makes smelting Congolese concentrates "commercially unviable", according to local operating unit Konkola Copper Mines (KCM).
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In the meantime, we must avoid unintended consequences for the 97 percent of U.S. aluminum workers engaged in value-added manufacturing rather than primary smelting.
|
|
Most of the "meteorwrongs" are actually masses of iron, glassy byproducts from smelting ore called slags, or igneous rocks with small cavities called vesicular rocks.
|
|
Climate campaigners, however, say there should be more emphasis on recycling, and coal can be substituted with gas as the energy source for smelting steel.
|
|
China Hongqiao Group, the world's biggest aluminum producer, is already looking into the possibility of moving recently shuttered illegal smelting capacity overseas, mainly to Indonesia.
|
|
As well potential slavery, other risks range from corruption associated with overland transport to east African ports to potential natural hazards disrupting smelting in Indonesia.
|
|
This reflects a structural shift caused by China's build-out of smelting and refining capacity, albeit one accelerated by the cyclical abundance of scrap metal.
|
|
Kuczynski wants to ramp up Peru's smelting capacity to wring more value from the country's minerals, which make up more than half of overall exports.
|
|
The bleak camps were built in 1999 near piles of waste from a former lead-smelting factory, and residents had raised health concerns for years.
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|
And the smelting process that separates pure aluminum from the ore emits carbon through smokestacks, and waste water from the process is tainted with pollutants.
|
|
Earlier this month Samancor notified trade unions about 599 potential job cuts at its smelting operations and corporate offices, in a separate letter to unions.
|
|
The new rules also mandate the development of smelting facilities, as part of a broader push by Indonesia to boost returns from its natural resources.
|
|
Glencore and Anglo American each own 44 percent of Collahuasi, while 12 percent is held by Japanese companies including Mitsui Mining and Smelting Co Ltd.
|
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After a smelting process that extracts the metals from ore, they'll mold 2,500 Olympic medals in a design that will be released later this year.
|
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The soil in two small, Indiana towns is seeped with lead, but the smelting facilities that caused the problem are still operating along the border.
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ALUMINIUM SMELTER: China's Henan Shenhuo Group commenced construction of an aluminium smelting project with an annual capacity of 900,000 tonnes in the southwestern province of Yunnan.
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The price (of aluminium) has gone up and therefore I think global smelting volumes will increase, there will be fresh demand and we will find something.
|
|
Jackie Wang, an aluminum analyst at CRU in Beijing, estimates 4.43 million tons of annual smelting capacity has been shut because of the slump in prices.
|
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The filing by creditor Alashan Jinzhen Smelting Co Ltd includes Dongbei subsidiaries Dalian Special Steel Co Ltd and Dalian Gaohe Jinbang Xiancun Co Ltd, Xinhua said.
|
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The real sting in this anti-pollution tale, however, may be the hit on producers of the carbon anode that also goes into the smelting process.
|
|
On November 1, the 128-year-old company will split into two entities, one retaining the Alcoa name that will focus on the traditional smelting business.
|
|
In May, Rio Tinto announced a venture with aluminum maker Alcoa and Apple on technology to eliminate direct greenhouse gas emissions from the aluminum smelting process.
|
|
By 22015, Yang sees refined copper imports slipping another 22020 percent to 3 million tonnes as Chinese smelting capacity continues to expand this year and next.
|
|
Jiaozuo Wanfang has aluminum smelting capacity of 420,000 tonnes per year, while Zhongzhou Aluminum has alumina production capacity of 2.81 million tonnes, according to their websites.
|
|
Eldorado convinced the then-in-power PASOK government that flash smelting, typically used for copper, was "standard technology" and could be used to produce pure gold.
|
|
As stipulated in the contract, the company was to build a flash smelting facility to test the procedure using soil and minerals from the Skouries region.
|
|
The same argument could be made for aluminum and copper smelting, which also stand to benefit from lower overall production costs, rather than lower actual supply.
|
|
Seed funding of $200 million for the healthcare fund has been agreed with a private Chinese group involved in aluminum smelting and property, the executives said.
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They aim to establish nickel smelting capacity of at least 50,1.853 tonnes per year at Tsingshan's industrial park in Morowali on the Indonesian island of Sulawesi.
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He plans to hire 300 people this year on top of the 1,850 he already employs and invest more than $100 million in the smelting operation.
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"New smelting capacity [in China] will come online but mine production will remain more or less flat, which will put pressure on TC/RC," Targhetta said.
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The notice made no mention of the smelting and separation quota for the processing of rare earth ore into material that can be used by manufacturers.
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HK known as Chalco, said late on Wednesday it had stopped production at an aluminium smelting plant in eastern China's Shandong province, citing high electricity costs.
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The shifting dynamics of smelting have seen primary metal production go into what appears a terminal decline in countries such as Brazil and the United States.
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Indonesia introduced new rules on Jan 12 that require miners including Freeport to develop additional smelting capacity and halt their exports until they obtain new permits.
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Spot TC/RCs have fallen sharply in 2019 as smelting capacity grows in China, the world's biggest copper consumer, and competition for copper concentrate supply increases.
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MINE SUPPLY SQUEEZE The benchmark smelter terms for 2020 have just been set at $62 per tonne for smelting and 6.2 cents per lb for refining.
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MINE SUPPLY SQUEEZE The benchmark smelter terms for 2020 have just been set at $62 per tonne for smelting and 6.2 cents per lb for refining.
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The companies hail from China's eastern Jiangsu province and will boost industries such as pharmaceuticals, electronics and aluminium smelting, Al Shamisi told CNBC's Street Signs Monday.
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Suppliers of carbon products to the smelting sector have to cut by 214 percent if they meet all environmental standards or fully if they do not.
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" The industry has found a sympathetic audience in Mr. Trump, who has described the decline of domestic smelting as a "disaster" caused by "unfair foreign trade.
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JOHANNESBURG, June 26 (Reuters) - Glencore said on Tuesday that eight people were injured at its South African smelting operations in the North West province during a protest.
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The mine is majority owned by Pan Pacific Copper Co Ltd, a partnership between JX Holding Inc and Mitsui Mining & Smelting Co Ltd, and Mitsui & Co Ltd.
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As important, it has emerged recently as the world's leading producer of cobalt, a by-product of copper smelting that is used in batteries for electric cars.
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The share of primary aluminium (the kind smelted from ore, rather than recycled metal) that is imported is 91%, and 61% of local smelting capacity lies cold.
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Earlier on Thursday, Swedish mining and smelting group Boliden struck a deal to buy the Kevitsa mine in northern Finland for a cash consideration of $22 million.
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JOHANNESBURG (Reuters) - Glencore said on Tuesday that eight people were injured during a protest at its South African chrome smelting operations in the country's North West province.
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Under the GFG Alliance, Gupta owns assets around the world that span steelmaking, aluminium smelting, engineering, renewable and non-renewable energy, commodities trading, shipping, property and finance.
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Fuelled by a jump in gold jewellery for smelting, imports surged even more to surpass 200 billion francs, reducing the annual trade surplus to 31.3 billion francs.
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The company, which is developing the massive Cobre Panama project, sold in March its Finnish mine Kevitsa to Swedish mining and smelting group Boliden for $123 million.
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To encourage smelting investments, the government needs to provide incentives to investors and subsidize power costs, which are high in the Philippines, mining industry executives have said.
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Tongling Nonferrous Metals currently has 2.05 million tonnes of copper resources, 1.35 million tonnes of annual copper smelting capacity and 380,000 tonnes of comprehensive copper processing capacity.
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Appearing to report on a separate incident, the Weiqiao Wechat post also said a subsidiary had quickly moved to suspend production in order to protect smelting facilities.
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In 2016, the Syriza government agreed with the environmental assessments that found inconsistencies in Eldorado's usage of flash smelting in Halkidiki, thereby violating the project's environmental terms.
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The 1 million tonnes of smelting capacity in the first phase of the Yunnan project is expected to start in the third or fourth quarter of 2020.
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But profit growth in textile, non-ferrous metal smelting and processing, and telecommunications and electronic equipment manufacturing profits fell during the same period from a year earlier.
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Although Rusal, as the name suggests, is a Russian company with most of its smelting capacity sitting in the Siberian heartland, its raw materials operations are global.
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It promised to find ways to further process copper-gold ores in Tanzania, instead of exporting them for smelting, and it made a number of pecuniary concessions.
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COPPER CHILE: Copper miners in top producer Chile are implementing measures to contain an eventual spread of the virus, while global copper smelting activities declined in February.
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Through the illegal subsidization of its primary aluminum producers, China now accounts for approximately 22019 percent of global smelting capacity, or nearly 31 million tons per year.
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The policy change was a blow to Indonesia's smelting industry which took off after the country banned mineral ore exports in 2014 to spur higher-value processing.
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Yunnan Aluminium, which uses Southwest China's hydropower resources for the energy-intensive smelting process, has 2.1 million tonnes of annual primary aluminum capacity, according to company filings.
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Petroleum coke, of which needle coke is a variety, is also widely used in the aluminum industry to manufacture the cathodes that are key to the smelting process.
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Vincent Christ, the boss of Elysis, says that in China, which uses coal for the smelting process, 16 tonnes of CO2 are produced for each tonne of aluminium.
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Later this year, Alcoa plans to separate into two publicly traded companies, one housing its legacy aluminum and smelting operations and the other its higher-growth materials segment.
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China's forced environmental cutbacks on zinc slag, or waste from the zinc smelting process, and falling refined prices in the second quarter, prompted many smelters to cut production.
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While mine supply growth is on pause, China's collective appetite for concentrates is still growing at a healthy clip thanks to continued expansion of the country's smelting capacity.
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The three big state firms that are leading candidates for privatization or downsizing are Telekom, the RTB Bor copper mining and smelting complex and the Resavica coal mine.
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The ban on raw mineral exports was imposed in 2014 to encourage investment in value-added smelting projects but the restriction hurt miners like Antam and government revenues.
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So I had him put a big smelting pot pouring molten steel out of it and as it's pouring out the molten steel it becomes the Steelers logo.
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Despite bitcoin's price decline this year, a cryptocurrency "mining" company is moving ahead with plans to repurpose a 1,300 acre plot once used by Alcoa for aluminum smelting.
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Players grapple with the selfish pursuit of smelting ores for their own material gain and trying to resist climate change by working to reduce emissions with other players.
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The aluminum smelting, cast products and rolled products businesses, along with the majority of its energy business assets, will be combined into the new aluminum unit, Alcoa said.
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Yunnan Aluminium has a smelting capacity of around 1.6 million tonnes per year, versus around 4 million tonnes per year for Chinalco, China's biggest state-owned aluminium firm.
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How do you eliminate emissions from huge industries like steel making or aluminum smelting, or limit oil use in a country of 1.4 billion people pining for cars?
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"We have applied for an export permit with Indonesian government and we hope to resume exports of slime when PT Smelting restarts operations in March," the spokesman said.
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Riding around the vicinity of the above-mentioned Thai smelting yard — the one with the tall, ugly smokestack — I find plenty of farmers irate about the sickening fumes.
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Even the oldest iPhones still have utility around the world, whereas breaking down and smelting old TVs is probably the best thing we can still do with them.
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And two, they end their speech with "follow your passion," which is usually being preached to by a guy who's onstage who made billions in iron or smelting.
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Scotting will be replaced by Hilmar Rode, a German engineer who worked for BHP Billiton and Glencore and has experience in the smelting and zinc businesses, the group added.
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Facilities belonging to China Hongqiao Group were damaged by flooding after Typhoon Lekima wreaked havoc in the smelting heartland of Shandong, according to a statement from an affiliate firm.
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Nyrstar, the Belgian zinc smelting giant, issued a profit warning in September as it got squeezed between a falling metal price and stubbornly high charges for its raw materials.
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The first is the bewildering number of products that can be made from lithium, ranging from lithium stearate (industrial grease) to lithium fluoride (aluminium smelting) to butyllithium (organic compounds).
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The settlement created a $99 million trust fund to cover Asarco's liabilities under the Comprehensive Environmental Response Compensation and Liability Act (CERCLA) for a former smelting plant in Montana.
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The first is the bewildering number of products that can be made from lithium, ranging from lithium stearate (industrial grease) to lithium fluoride (aluminum smelting) to butyllithium (organic compounds).
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Until recently it was openly pursuing the remaining 40 percent of a manganese mining and smelting business located in Australia and South Africa it jointly owns with Anglo American.
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Instead, the U.S. smelting industry is hit by downstream products as China currently offers a 13 percent rebate on exports such as flat-rolled products and tube and pipe.
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The demonstrations by local residents and activists have been underway for several months at the Sterlite Copper smelting plant in the port city of Tuticorin in Tamil Nadu state.
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In a filing, the Hong Kong-listed company also said the market for alumina, an oxide key to the aluminium smelting process, may be expected to be more balanced.
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On Wednesday he visited East Chicago, Indiana, where the EPA has secured $42 million from chemical companies to remove contaminated soil from neighborhoods near a former lead-smelting plant.
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After the split, Alcoa retained the company's legacy aluminum, alumina and bauxite smelting business, while Arconic focused on higher-end aluminum and titanium alloys used in planes and cars.
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CHARGES: Freeport McMoRan Inc expects treatment and refining charges for copper concentrates in 2020 to be well below last year's levels as Chinese smelting capacity is expected to rise.
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The company's move underscores a geographical shift in China's aluminum sector to more remote areas such as Yunnan from the heavily industrialized smelting heartland of Shandong in the east.
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Hongqiao, which has an annual smelting capacity of almost 6.5 million tonnes of aluminum, all in Shandong, shut 2.68 million tonnes in 2017 amid a crackdown on unlicensed facilities.
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The long smelting sheds are bound together by large, colorful pipes, and, because this is Scandinavia, the company held an architectural competition for the design of the administrative wing.
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However, Peru's standard for sulfur dioxide emissions, a byproduct of the smelting copper and other base metals, has in the past been criticized as too strict by the mining industry.
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China added 3.8 million tonnes of aluminum smelting capacity in 2018, according to consultancy AZ China, while about 2.8 million tonnes was shut due to a slump in aluminum prices.
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However, attention is now turning to the knock-on impacts of the winter industrial capacity cuts on key raw materials in the aluminum smelting process, particularly alumina and carbon anode.
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The city of Norilsk, located in Russia's Krasnoyarsk Krai, is home to the world's largest heavy metals smelting complex and known to be one of the world's most polluted places.
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That of course is a reflection of the oversupply in the raw materials market and the subsequent flow of concentrates into what is the world's largest smelting and refining base.
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In September, Alcoa announced it would split in two, spinning off its value-added aerospace and car parts business from its traditional aluminum smelting business that includes bauxite and alumina.
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STOCKHOLM, July 20 (Reuters) - Swedish mining and smelting company Boliden's second-quarter adjusted operating profit missed expectations, as costs rose and production decreased due to lower grades across its mines.
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Also this week, the mining and industry minister said Mongolia aimed to double the amount of land available for exploration and the country hoped to build a copper smelting plant.
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Finding and digging up all the metals that stand to benefit, plus new smelting and refining capacity, could require up to $1trn in new investment by mining companies, it says.
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A ban on unprocessed ore exports was imposed in 2014 to encourage investment in value-added smelting projects but this restriction hit government revenues, contributing to a hefty budget deficit.
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IndustriALL said in its statement that actions by both Freeport and PT Smelting were "clear violations" of workers' rights to organise, bargain collectively, and strike, established in international labour law.
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Dr. Jeanne Conry, past president of the American Congress of Obstetricians and Gynecologists, said research of smelting workers with high levels of chemical exposure shows a clear association with miscarriages.
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The company is said to bet on rising aluminum prices, as China is expected to cut production due to environment concerns (almost all aluminium smelting in China is coal-powered).
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The Philippines became the world's top nickel ore exporter after Indonesia banned exports of unprocessed ore in 2014, a move meant to spur the development of higher value smelting industries.
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Smelters and alumina refineries will all be forced to curtail output by at least 30 percent and plants producing the carbon anode used in the smelting process by 50 percent.
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An alternative metal-production option, flash smelting, was introduced and stipulated in the 2011 contract, after the Greek government rejected large-scale mining processing methods that have traditionally used cyanide.
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Operations at Freeport's sole domestic buyer of copper concentrate, PT Smelting in Gresik, East Java, resumed briefly on Wednesday after a six-week halt that has limited Grasberg's output options.
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The project will also have 4,000 tonnes of cobalt smelting capacity, as well as churning out a range of battery chemicals, including 50,000 tonnes per year of nickel hydroxide intermediates.
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CLSA's Victor You estimates another 3.6 million tonnes of new aluminum smelting capacity could come on stream in China in 2018, equivalent to over 11 percent of last year's production.
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Which is why other major net importers such as Japan, which exited the aluminium smelting business in the last century, don't have any import duties on primary metal and alloys.
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Chalco, which said in a filing on Thursday that it shuttered two "non-competitive" smelting subsidiaries in 27.0633, made no mention of taking similar measures due to the virus crisis.
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Several Chinese aluminum companies, including Aluminum Corp of China, or Chinalco, and Henan Shenhuo, have been drawn to Yunnan, coveting access to cleaner hydropower for the energy-intensive smelting process.
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FUNDAMENTALS * COPPER SMELTING: Chinese refined copper production touched a 20-month low in January, output slowdown due to the outbreak was not as severe as expected, a satellite surveillance showed.
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JOHANNESBURG, Jan 20 (Reuters) - South Africa's Samancor Chrome has notified trade unions about 599 potential job cuts at its smelting operations and corporate offices, a letter to trade unions said.
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Smelting aluminium is hugely electricity-intensive but the generous power subsidies it received from Croatia and Mostar's predominantly Croat energy company Elektroprivreda HZHB made it look like a viable producer.
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COPPER WEEK: Freeport McMoRan Inc expects treatment and refining charges for copper concentrates in 2020 to be "well below" last year's levels as Chinese smelting capacity is expected to rise.
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The top 10 industries affected by higher prices: Aluminum sheet, steel products, boilers, forging, primary aluminum production, secondary aluminum smelting, architectural metals, transportation equipment, general purpose machinery and household appliances.
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VICE takes viewers inside a depot where Chinese traders buy minerals from artisanal miners, and to a Chinese-owned smelting factory that employees Kenyan workers to melt ore into steel.
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The company runs metals group Liberty House and energy and commodities group SIMEC, with assets spanning steelmaking, aluminum smelting, engineering, renewable and non-renewable energy, commodities trading, shipping, property and finance.
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Indonesia's ban of exports of unprocessed nickel was brought forward from the earlier schedule of January 2022 as part of the government's push to develop and expand the onshore smelting industry.
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Since alumina is the key metallic input to the aluminium smelting process, bombed-out alumina prices are bad news for an aluminium market that is itself treading heavy water right now.
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CHINESE APPETITE GROWING While mine supply growth is on pause, China's collective appetite for concentrates is still growing at a healthy clip thanks to continued expansion of the country's smelting capacity.
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ALUMINIUM CUTS: Xinfa Group, one of China's top aluminium producers, will have to close 193,900 tonnes per year of smelting capacity this winter, its home city of Liaocheng confirmed on Friday.
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ERG produces 1.5 million tonnes of alumina a year, selling two-thirds to Rusal and smelting the rest into aluminum at its smelter in the city of Pavlodar in northeast Kazakhstan.
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Kuczynski wants Peru, the world's third biggest copper producer and sixth largest gold producer, to squeeze more value out of its mineral exports by ramping up its refining and smelting capacity.
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The aluminum sector in particular has become bloated in the past few years as smelting output in the world's top producer has surged, forcing Beijing to take measures to curb excess.
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Exposure to dust particles from the lightweight metal — which is used in foundry and smelting operations, machining, beryllium oxide ceramics, composites manufacturing and dental lab work — can bring severe health risks.
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Zhang said Hongqiao was also still studying building smelting capacity in Southeast Asia, after floating the idea of moving capacity to Indonesia, where Hongqiao produces raw material alumina, two years ago.
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"We can't comment on the report as that is not something that we have decided," said a spokesman at JX Nippon Mining & Metals, a mining and smelting unit of JXTG Holdings.
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It vowed to cut another 14 million tonnes of steel smelting capacity and 9 million tonnes of coal production, after shutting 12.3 million tonnes and 13 million tonnes respectively in 2018.
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In contrast, Chinese rivals have suffered far less as China accounts for half of the world's cobalt smelting capacity and has been increasing its clout in the global cobalt supply chain.
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The tech company said Thursday that "revolutionary" new technology created by the project replaces the use of carbon, which is normally used in the smelting process, with an advanced conductive material.
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That is about enough energy to run a single aluminum smelting plant, or a fraction of the 17,000 megawatts in capacity requested so far by miners looking to operate in Quebec.
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Western Mining, an integrated metals producer that operates both mines and smelters, has 160,000 tonnes of annual copper smelting capacity, the first 100,000 tonnes of which were only launched in 2018.
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Almost 1 million tonnes of annual aluminium smelting capacity restarted in December, mostly in western regions such as Qinghai and Xinjiang, said Lu Chen, a Beijing-based analyst for CM Group.
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Nor is there much in the way of support from the production cost curve since the price of alumina, the key metallic input into the aluminum smelting process, is also falling.
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LIMA, June 13 (Reuters) - Grupo Mexico SAB de CV could double its metals smelting capacity in Peru because environmental regulations have been loosened, Peruvian President Pedro Pablo Kuczynski said on Tuesday.
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But heavy industry and mining continued to struggle, with ferrous metal smelting and rolling firms seeing profits fall 15.8 percent in the quarter and profits for coal miners slumping 92.6 percent.
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Strict environmental rules and inspections to ensure standards are being met has meant cutbacks and shutdowns in high-polluting industries such as mining, smelting and recycling, hitting China's output of metal.
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A pair of psychologists approached him for his data from the 1979 study, as part of a court case in which they were testifying on behalf of a lead smelting company.
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The Syncrude Mildred Lake tailings dam in Canada and the American Smelting and Refining Company's Missions Mine in Tucson, for example, are some of the largest earth structures in the world.
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The permit will be valid for the next six months, during which the two sides will aim to finalize agreements on investment stability, divestment and domestic smelting, among other issues, Pamuji said.
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It currently has just under 6.5 million tonnes of smelting capacity, but has found further expansion in China restricted in recent years due to supply-side reform and an environmental protection campaign.
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In Europe, the main concern is how to maintain smelting capacity as part of a strong value chain, creating thousands of indirect jobs, rather than security, European Aluminium said in an email.
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In the United States, metals company Alcoa unofficially started the earnings season late on Monday and reported a quarterly net loss after charges related to shuttering parts of its traditional smelting business.
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The hearing, part of an investigation requested by the House of Representatives Ways and Means Committee, heard from U.S., Canadian, European and Russian groups and companies involved in smelting, extruding and recycling.
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Alcoa expects the aluminum smelting capacity from the restart to supply its rolling mill at Warrick ahead of an expected increase in production, said Tim Reyes, the president of Alcoa's aluminum business.
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About 2503 million tonnes per year of aluminum smelting capacity may come back in 2250, mainly in the second half of the year, said Wan Ling, an analyst at metals consultancy CRU.
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The statement also identified seven companies in the coke, cement, non-ferrous smelting and stone-mining sectors that must shut during the winter, including projects at two subsidiaries of Tongling Nonferrous Metals.
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But a shift away from coal-fired power plants to meet a national 20 percent renewable energy target by 2020 has wreaked havoc on smelting and refining businesses caught in the transition.
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All of Hongqiao's nearly 13 million tonnes a year of smelting capacity is in Binzhou, one of 28 northern Chinese industrial cities that face stringent production restrictions over the next four months.
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The GFG Alliance runs metals group Liberty House and energy and commodities group SIMEC, with assets spanning steelmaking, aluminum smelting, engineering, renewable and non-renewable energy, commodities trading, shipping, property and finance.
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But a strike at Freeport's sole domestic offtaker of copper concentrate, PT Smelting, expected to last at least until March, has limited Freeport's output options, and Grasberg's storage sites are now full.
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Smelting capacity additions this year will put further pressure on prices, the brokerage said, adding that a rebound may only occur if there are enough production shutdowns to leave the market short.
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China's primary aluminum production fell for a second successive month in August to its lowest level since April 2016, as the government's effort to curb excess smelting capacity starts to bring results.
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China, the world's biggest copper consumer, is purchasing more copper concentrate, or partially processed ore, and churning out more metal itself as its smelting capacity grows, reducing its reliance on imported metal.
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The shutdown, which involves the venture's steel smelting, hot-rolled and cold-rolled production, is expected to reduce the company's monthly steel output by 21,000 tonnes, a spokesman from the company said.
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Speaking to investors in April, Alcoa CEO Roy Harvey said tariffs have not solved the industrys challenges, which stem from high subsidized smelting capacity in China that has resulted in surplus production.
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"We want to stabilize our income by nurturing our materials operation into our third business pillar [along with mining and smelting]," Yoshiaki Nakazato, President at Sumitomo Metal Mining told an analyst meeting.
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New smelting and refining capacity continues to be built and there was no shortage of mined concentrates to feed it last year thanks to a robust performance by the world's copper mines.
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According to an article published by the Hebei provincial environmental bureau, the province will aim to cut a total of around 40 million tonnes of steel smelting capacity from 2018 to 2020.
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Kuczynski, a 77-year-old former investment banker who will take office on July 28, said the value of Peru's mining exports could rise 25 percent solely through greater smelting and refining capacity.
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Aluminum smelting is an energy-intensive business and the market is starting to differentiate between "green" low-carbon metal, powered by hydro, and "black" high-carbon metal powered by fossil fuels, particularly coal.
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One of the companies exploring potentially lucrative opportunities is Elysis, a joint venture between Alcoa and Rio Tinto which could revolutionise aluminium smelting for the first time since it was invented in 1886.
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While this silver was crossing palms across Europe, lead fumes from the smelting rose into atmospheric currents that carried them over Greenland, where they settled onto glaciers and were trapped in the ice.
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Aluminium smelting is an energy-intensive business and the market is starting to differentiate between "green" low-carbon metal, powered by hydro, and "black" high-carbon metal powered by fossil fuels, particularly coal.
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"Large smelting capacity for copper, zinc and lead is located in the target area and will need to either upgrade to meet new emission norms or face production curbs," Wood Mackenzie analysts said.
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In violation of Kenyan environmental and human rights law, the factory's smelting process would emit fumes, dust, and effluent laden with lead particles, according to a 22012 report by the Ministry of Health.
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SUPPLY: China Hongqiao Group, the world's biggest aluminium producer, will this year restart some of the smelting facilities it was forced to shut in 2240, two sources with knowledge of the matter said.
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Yuguang on Wednesday closed half of its 300,000 tonnes per year zinc smelting capacity, mostly because the company is unable to shift high inventories of byproduct sulphuric acid, sales director Li Xiaodong said.
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Vedanta said on Tuesday its application for renewal of consent to operate its copper smelting plant, one of India's biggest, in the state of Tamil Nadu, was rejected by the state pollution control board.
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Facilities belonging to China Hongqiao Group, the world's top aluminum producer, were damaged by flooding after Typhoon Lekima wreaked havoc in the smelting heartland of Shandong, according to a statement from an affiliate firm.
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The smelter delay will also affect the output of molybdenum, a byproduct of copper smelting and used to make stainless steel, where Codelco is the world's second-largest producer in the 265,000-tonne market.
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Shanxi Huasheng has 240,000 tonnes per year of aluminum smelting capacity, according to Chalco's latest annual report, although some production was shut down in November as Chinese aluminum prices slumped to two-year lows.
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SMM, together with nickel miner PT Vale Indonesia, are conducting a feasibility study on a nickel smelting project in Pomalaa, Southeast Sulawesi, using high pressure acid leaching (HPAL) technology in which SMM has expertise.
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Shanxi Huasheng has 240,000 tonnes per year of aluminium smelting capacity, according to Chalco's latest annual report, although some production was shut down in November as Chinese aluminium prices slumped to two-year lows.
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Anhui, a key non-ferrous smelting province, took the initiative to curb output even though it has been excluded from Beijing's winter smog "battleplan" applying to 543 cities in the smog-prone northern region.
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The recent round of heavy rains has prompted Peruvian miners Milpo and Volcan to declare force majeure and led Brazil's Votorantim to halt zinc smelting at its Cajamarquilla plant on the outskirts of Lima.
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Full-year profit was up 5.4 percent despite lower revenues as Hongqiao avoided a repeat of steep impairment charges in 2017, when it had to close 2.68 million tonnes of illegally built smelting capacity.
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The largest percentage losses were Mitsui Mining and Smelting Co Ltd, down 13.2%, followed by commercial bank operator Concordia Financial Group Ltd losing 3.4% and processed food maker Ajinomoto Co Inc down by 3.28%.
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The smelter, which has been shut for about three months, annually produces about a million tonnes of sulphuric acid, a corrosive byproduct of copper smelting used as a raw material by the fertiliser industry.
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As of the middle of June, when the LME nickel price dropped to its year's low of $8,680, around half of Indonesia's 93 processing plants had stopped operating, according to the Indonesian Smelting Association.
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The rare earth mining quota accounts for 50% of last year's allocation of 132,000 tonnes, the Ministry of Natural Resources said in a notice on its website, without giving any smelting and separation quotas.
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CHINA SUPPLY: Closures of polluting smelters have supported prices, with cities in Anhui province the latest to issue plans to curb production in the steelmaking, non-ferrous smelting, cement and coal-fired power sectors.
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"PT Smelting has sent notice of dismissal to its about 300 workers late last month and is now hiring new workers with an aim to resume operations as early as March," the spokesman said.
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He also rather likes the valley the cavemen are living in, and before the tribe can do much about it, the Bronze Age men have taken over their ancestral home for mining and smelting.
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The IAI's version of Chinese smelting reality is more internally consistent and tallies better with the accumulating evidence of smelter curtailments towards the end of last year as Shanghai prices sank to two-year lows.
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Argonaut Securities analyst Helen Lau said in a note that China's rising smelting capacity "and more cuts in imports of copper scrap will further weigh" on TCs, as consumers seek more copper in other forms.
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The aluminum producer had said it would change its name to Arconic and focus on engineering products for aerospace and automotive businesses, and spin off its smelting and refining divisions into a new company, Alcoa.
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Jiangsu Huada Steel Co Ltd was found to be making steel using outdated equipment and failing to meet quality standards, while Hebei Anfeng Steel Co Ltd had built new steel smelting projects without proper approvals.
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This suggests rising smelting activity in China, which may be a positive sign for demand, but only if the metal is being consumed rather than warehoused, and it isn't certain that this is the case.
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Many of the problems have arisen as a result of abandoned mines and smelting plants, with scientists estimating that more than 100,000 firms have relocated since 2001 and left behind huge amounts of dangerous waste.
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Last May, Rio and Alcoa announced a joint venture, backed by Apple, to commercialize by 2024 a process that emits oxygen and replaces all direct greenhouse gas emissions from the traditional smelting process for aluminum.
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OUTPUT: China Hongqiao, the world's biggest aluminium producer, on Monday confirmed it had closed 2.68 million tonnes of smelting capacity after being ordered to do so by the government of its home province of Shandong.
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In the banks of what's now a dried up riverbed the researchers found sediments contaminated with copper dated to around 7,000 years ago, indicating that people were smelting copper around this waterway at some point.
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The steel, copper, lithium, cobalt, rare earth elements, fiberglass and other raw materials to build all these turbines, batteries and transmission lines would require mind-numbing quantities of earth removal, mining, processing, smelting and manufacturing.
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NICKEL STUDY: Indonesia's anti-monopoly agency has begun a preliminary study of the country's nickel smelting sector, an agency official said on Monday, after a miners' association accused big nickel smelters of conducting a cartel.
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Crude oil does more than deliver billions of dollars in profits to Saudi Aramco, the state oil company, and Sabic, the chemical giant; it also buttresses energy-intensive sectors like cement production and aluminum smelting.
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Different elements of gameplay affect the carbon dioxide levels in the game world's atmosphere: Smelting ores or cooking using a furnace causes a contribution to in-game emissions, and have numerical values associated with them.
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Today, there are 2,300 workers, separated by just a few miles, involved in mining or smelting or trucking miles-long rolls of finished steel to a nearby company-owned seaport in the Gulf of Bothnia.
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EARNINGS SLUMP: Aurubis AG, Europe's largest copper producer, posted a 133% slump in its annual earnings following scheduled maintenance shutdowns at major smelting plants, but said it expects the new fiscal year to be stable.
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EARNINGS SLUMP: Aurubis AG, Europe's largest copper producer, posted a 42% slump in its annual earnings following scheduled maintenance shutdowns at major smelting plants, but said it expects the new fiscal year to be stable.
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Wenshan, which has abundant hydropower resources for the energy-intensive smelting process, is emerging as a major centre for China's aluminium industry, with top producers China Hongqiao Group and state-owned Chinalco building projects there.
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More than half of the increase in profits in Jan-Nov came from coal mining and washing, iron and steel smelting and processing, chemicals, and oil and natural gas extraction, the statistic bureau's He said.
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Known for their fierce independence and closely guarded metal-smelting skills before the Spanish conquest of 1521, they were one of the few kingdoms in central Mexico that Aztec armies never subdued, despite repeated attempts.
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World top copper miner Codelco said the Canadian builder had not met obligations written into a $260 million contract that included engineering, supply and construction of sulphuric acid plants critical to the mine's copper smelting operation.
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At the event organized by business group Sofafa in downtown Santiago, center-left candidate Alejandro Guillier struck a pro-business tone but said he would consider modifying free trade accords to promote the local smelting industry.
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YTC is by far the world's biggest producer of refined tin, with some 21,26.8148 tonnes of output last year, around three times the amount of No.2 producer, Malaysia Smelting Corp, according to data from ITRI.
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Alcoa said last year it would break itself in two, separating a faster growing plane and car parts business from the traditional aluminum smelting and refining operations, as shareholders sought higher returns amid a commodity slump.
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Measures implemented by the government include forcing foreign mine owners to divest a majority stake to local investors, and banning, or limiting, the export of mineral ores to ensure investment in downstream processing, such as smelting.
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The new aluminum smelting arm will sell metal to the downstream business for an initial three years as part of the deal, although Arconic will also have the right to buy from other suppliers, it said.
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ALUMINIUM: Aluminum Corp of China Ltd, , known as Chalco, said it had proposed selling 26.7216,000 tonnes of annual aluminium smelting capacity to a Yunnan-based unit of its parent, Chinalco, for 950 million yuan ($141 million).
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UL) plans to invest 10 billion yuan ($1.50 billion) to upgrade its copper, lead and zinc smelting facilities Hunan province, a spokesman confirmed on Monday, after a recent rebuke from the Ministry of Environmental Protection (MEP).
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With so much momentum behind electricity decarbonization, foresight suggests shifting at least a little of that focus to the thorny problems of driving, flying, trucking, heating, smelting, coking, and other less sexy, more stubborn energy applications.
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Jewellery imports rose by two-fifths over the course of the year to 16 billion francs, as more gold jewellery — mainly heading for smelting, or refining — poured into the country, primarily from the United Arab Emirates.
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However, Hongqiao's output of aluminium alloy products in the first half fell 20.2 percent year-on-year to 3.187 million tonnes after it was forced to close 2.68 million tonnes of smelting capacity in mid-2017.
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New Caledonia has long resisted selling ore directly to large consuming countries such as China in order to preserve its domestic smelting and refining industry, a main source of revenue for the South Pacific French Territory.
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More than three-quarters of the United States aluminum smelting industry that existed five years ago will have been idled or shut down by this summer as imports have surged, according to the union's legal petition.
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Traders and analysts in China say slowing building construction and electronics manufacturing has stifled demand for refined copper from the nation's massive smelting sector at a time when the country is already swimming in the metal.
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Hongqiao, whose current annual aluminum capacity of around 6.5 million tonnes is all in industrial heartland Shandong, has traditionally relied on captured, or on-site coal-fired power plants for the energy-intensive aluminum smelting process.
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Targhetta said new smelting capacity expected to come online in China next year will treat an additional 3-4 million tonnes of copper concentrates, which means an additional refined copper capacity of around 1 million tonnes.
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China's Henan Shenhuo Group at the end of this month will start production at the first 150,000-tonne-per-year line of its aluminum smelting project in Wenshan prefecture, Yunnan province, company officials said on Thursday.
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China is set to add 2.25 million tonnes of annual aluminium smelting capacity this year, with about three quarters - or 1.7 million tonnes - to come in the new hub of Yunnan in Southwest China, Wang added.
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The largest percentage losers in the index were apparel retailer Fast Retailing Co Ltd, down 2.98%, followed by Mitsui Mining and Smelting Co Ltd, which lost 1.97% and Chubu Electric Power Co Inc, trading 1.96% lower.
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Shenhuo is moving around 450,000 tonnes of annual aluminium smelting capacity from Henan, in central China, to the southwestern province of Yunnan for the first phase of what it planned to be a 13,000 tonnes project.
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More than half of the increase in profits in October came from mining, iron and steel smelting and processing, chemicals, and oil and natural gas extraction, He Ping of the statistics bureau said in an accompanying statement.
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The minimum smelting charge of $1.63 per tonne and refining charge of 21.6 cents a pound is the lowest quarterly outcome since at least 21.7 and below the annual 22020 benchmark terms of $80.8 and 8.08 respectively.
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ERG, which was preparing to gradually boost its own smelting capacity in anticipation of the Rusal contract expiring at the end of 2019, has not replied to questions regarding the impact of Rusal sanctions on its operations.
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The aluminum producer had said it would change its name to Arconic Inc and focus on engineering products for aerospace and automotive businesses, and spin off its smelting and refining divisions into a new company, Alcoa Corp.
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The joint venture will have two units - one in Houston and the other in Geneva - with a focus on bulk liquid chemicals such as sulphur byproducts from smelting rather than typical petrochemicals that are used in plastics.
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The 16 banned products include steel smelting slag that contains more than 25 percent of the metal manganese and ethylene polymer waste, the Ministry of Ecology and Environment (MEE) said in a document published on its website.
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On May 22nd in Tuticorin, a coastal town near the southern tip of India, police indiscriminately fired live rounds into a crowd of several thousand demonstrators who were opposing the planned expansion of a copper-smelting facility.
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"Overall, we expect China's copper imports to ease further in June as rising treatment and refining charges (TC/RCs) and domestic smelting production will increase domestic supply and reduce import demand," Argonaut Securities said in a note.
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They are expected to rise late in the commodity cycle when other raw materials fall as China, for instance, switches from smelting new metal, which uses high volumes of coking coal and iron ore, to recycling scrap.
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The joint venture will have two units - one in Houston and the other in Geneva - with a focus on bulk liquid chemicals such as sulfur byproducts from smelting rather than typical petrochemicals that are used in plastics.
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In that context, one would imagine the DPRK will struggle to produce the next Messi, given that one bad game is likely to see him sent to work in an aluminium smelting plant for an indefinite period.
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Canadian Prime Minister Justin Trudeau and Quebec Premier Philippe Couillard joined key execs from Apple and industrial manufacturers Alcoa and Rio Tinto to announce a new process for smelting aluminum that removes greenhouse gases from the equation.
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TOKYO (Reuters) - Stung by years of falling base metals prices, Japanese mining and smelting firms are investing hundreds of millions of dollars in specialized materials used in electric vehicles, smartphones and a host of everyday electronic devices.
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JAKARTA, Nov 18 (Reuters) - Indonesia's anti-monopoly agency has begun a preliminary study of the country's nickel smelting sector, an agency official said on Monday, after a miners' association accused big nickel smelters of conducting a cartel.
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LA OROYA, Peru (Reuters) - Peruvian President Pedro Pablo Kuczynski's efforts to revive a nearly 100-year-old smelting complex could overcome a crucial hurdle at a coming auction where five companies have shown interest in placing bids.
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HAMBURG (Reuters) - Aurubis AG, Europe's largest copper producer, on Wednesday posted a 22020% slump in its annual earnings following scheduled maintenance shutdowns at major smelting plants, but said it expects the new fiscal year to be stable.
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Results of a new ice core analysis, published last week in the journal GeoHealth, support the idea that in Western Europe at least, mining and smelting activity has tainted the air with lead for at least 2,000 years.
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China is expected to be a major beneficiary of increased demand because of its massive copper smelting capacity, but Binns said BHP was also well-placed because it can develop its own capacity and work with junior players.
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NEW DELHI (Reuters) - A fire on Tuesday in a natural gas pipeline at a smelting plant owned by Steel Authority of India Ltd (SAIL) in the central state of Chhattisgarh killed at least nine people, the company said.
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Cochrane expects stocks to fall towards the critical four and a half week level of consumption early next year as seasonal tightness is made worse by a crackdown on polluting industries, including zinc smelting, in top consumer China.
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Chief Executive Maxim Sokov said En+ is billing itself as a Russian aluminum and hydropower conglomerate similar to Norway's Norsk Hydro but with the benefit of lower-cost Siberian power, a boon for highly energy-intensive aluminum smelting.
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The planned Huayue project on the island of Sulawesi is one of a series of Chinese-invested nickel smelting projects in Indonesia, which banned nickel ore exports from 2020 as it seeks to process more resources at home.
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Producers and warehouse owners argued that there was more than just queues in the mix, pointing to both shifts in the physical market, such as the steady contraction of U.S. smelting capacity, and rampant demand for financing aluminum.
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Spot TCs, or fees that miners pay smelters to process zinc ore into refined metal, have climbed relentlessly in 203 to an 220-year high of $22 a tonne, as fast-rising mine supply overwhelms limited smelting capacity.
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Companies such as Sumitomo Metal Mining and JX Nippon Mining & Metals, a unit of JX Holdings, are seeking a steady revenue stream in the face of narrow smelting margins and recent heavy write-offs on base metals mines.
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Producers and warehouse owners argued that there was more than just queues in the mix, pointing to both shifts in the physical market, such as the steady contraction of U.S. smelting capacity, and rampant demand for financing aluminium.
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China as a whole is aiming to cut steel capacity by 100 million to 150 million tonnes over 2016-2020, although another 64 million tonnes of new smelting capacity is currently under construction, according to industry consultancy Taike Steel.
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JAKARTA (Reuters) - Indonesian nickel smelter investors fear the government of President Joko Widodo will change rules that have supported prices of the metal, and put up to $12 billion in its budding smelting and mineral processing industry at risk.
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A ban on unprocessed ore exports was imposed in 230 to spur higher value smelting industries, but the government of Southeast Asia's biggest economy has faced a hefty budget deficit and missed its 29.36 revenue target by $17.6 billion.
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Jackie Wang, an analyst at CRU in Beijing, said the consultancy estimates close to 2.7 million tonnes of annual smelting capacity in China has been closed since a slump in aluminum prices began in the second quarter of 2018.
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For the second half of 22.2, China's quota for rare earth separation and smelting has been cut 36 percent, an attempt to better control the market, according to Adamas, a research firm that closely tracks the rare earths industry.
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Jackie Wang, an analyst at CRU in Beijing, said the consultancy estimates close to 2.7 million tonnes of annual smelting capacity in China has been closed since a slump in aluminium prices began in the second quarter of 2018.
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CHICAGO (Reuters) - Alcoa Inc on Monday reported a lower quarterly net profit, with falling aluminum and alumina prices pressuring revenue while plant operations have been scaled back ahead of a spinoff of its traditional smelting business later this year.
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The largest percentage gainers in the index were Sumitomo Metal Mining Co Ltd, which was 7.8 percent higher, followed by Pacific Metals Co Ltd, which gained 5.5 percent and Mitsui Mining and Smelting Co Ltd, up by 4.6 percent.
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Subsidiaries of Xinfa, which has around 1.4 million tonnes of smelting capacity in Liaocheng, were included on a list of exemptions for the winter heating season published by the Liaocheng Economic and Information Technology Committee and reviewed by Reuters.
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For the second half of 13, China's quota for rare earth separation and smelting has been cut 36 percent, an attempt to better control the market, according to Adamas, a research firm that closely tracks the rare earths industry.
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Evidence of copper smelting has been uncovered in Bolivia dating to between 3,160 and 2,200 years ago, and fragments of laminated copper were found in Mina Perdida, Valle del Lurín dating back to around 3,000 to 3,120 years ago.
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"The environmental standards were unrealistic for smelters and processing plants, and with the new standards Grupo Mexico is thinking of doubling its smelting in Peru," Kuczynski said during a meeting with businesses in Spain broadcast by Peruvian state television.
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The Gresik smelter, owned by PT Smelting, produced about 190,000 tonnes of copper cathode in the year to March 2016 and had planned to produce 260,000 tonnes this financial year through March 31, before accounting for the strike's impact.
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BEIJING (Reuters) - China's aluminum producers are set to cut at least another 21,09393 tonnes per year of smelting capacity in coming months, according to an official at the industry body that organized a rare meeting of smelters on Friday.
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"(Aluminium) prices are up on talk of further (smelting) capacity cuts in China ... We really will not know whether or not these cuts will materialize until later this year when they are supposed to start," INTL FCStone said in a report.
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Mining, smelting, manufacturing and recycling activities utilize lead, which is also used in many products, including paints, solder, stained glass, lead crystal glassware, ammunition, ceramic glazes, jewelery, toys and in some cosmetics and traditional medicines, according to the World Health Organization.
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LONDON/KUALA LUMPUR (Reuters) - Malaysia Smelting Corp Bhd (MSC), one of the world's largest producers of refined tin, is delaying shipments to customers around the world due to a shortage of concentrate, sources with direct knowledge of the matter said.
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Because of the uranium, BHP has to process all the ore at the site, from grinding to smelting and refining to produce sheets of copper and containers full of uranium yellow cake, instead of just shipping out copper in concentrate.
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The company's traditional smelting business will retain the Alcoa name, while a new firm named Arconic will retain the added-value aerospace and automotive business involving strong, light alloys that the company has worked hard to build in recent years.
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BEIJING, Feb 20 (Reuters) - Aluminum Corp of China Ltd , known as Chalco, said on Wednesday it had proposed selling 190,000 tonnes of annual aluminum smelting capacity to a Yunnan-based unit of its parent, Chinalco, for 950 million yuan ($141 million).
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The strength of SMM, founded as a copper smelter in 1590, lies in its integrated production from raw nickel up to electronic components including battery materials, unlike global resource majors, who tend to focus on mining or smelting, Nozaki said.
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BEIJING, Feb 20 (Reuters) - Aluminum Corp of China Ltd , known as Chalco, said on Wednesday it had proposed selling 190,000 tonnes of annual aluminium smelting capacity to a Yunnan-based unit of its parent, Chinalco, for 950 million yuan ($141 million).
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Every component of the upstream company was profitable last year with the single exception of smelting, which was hit by the continued slide in the London Metal Exchange (LME) aluminium price to a six-year low of $29,2510 in November.
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Prices of ferrous metal smelting and rolling processing industries jumped 29.1 percent in August on-year while prices of non-ferrous metal sectors grew 16.3 percent, and prices of the oil processing sector rose 16.8 percent, the latest data showed.
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Output at the Caserones project - 77.37-percent owned by a joint venture between JXTG and Japan's Mitsui Mining and Smelting Co Ltd - has been behind schedule since it started producing in May 2014 in the arid mountains of northern Chile.
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Yet they also had to keep their nations' home fronts running, moving into "men's" jobs, from smelting iron, to driving streetcars, to plowing fields -- as well as working to administer new public and private organizations in support of the war.
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Flash smelting in Halkidiki would require the "feed" to come from both the Olympia and Skouries mines; 103 percent of the feed is expected to come from the Olympia fields, which have between 9 and 12 percent concentration of arsenic.
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For the company as a whole, core profit in the first quarter increased by about a third from last year to 55 million euros, boosted by its zinc smelting business which benefited from higher commodity prices and a stronger dollar.
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The spinoff came at a time when aluminum prices were near historic lows, which forced Alcoa to reduce its refining and smelting capacity and sharpen its focus on the fast-growing aerospace and automotive products businesses now part of Arconic.
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By comparison, last year visitors to France outnumbered the French by two to one Tourism is now the island's biggest industry, taking over from fishing and aluminum smelting, much as the financial sector did in the years before the crash.
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"The national proven reserve for nickel is only 698 million tonnes, which can only supply smelting facilities for 2000 years," he told reporters, adding that Indonesia currently has 24 working smelters with input capacity of 2000 million tonnes of ore.
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"The national proven reserve for nickel is only 698 million tonnes, which can only supply smelting facilities for 7.3 years," he told reporters, adding that Indonesia currently has 11 working smelters with input capacity of 24 million tonnes of ore.
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"The national proven reserve for nickel is only 24 million tonnes, which can only supply smelting facilities for 2000 years," he told reporters, adding that Indonesia currently has 210.6 working smelters with input capacity of 28.3 million tonnes of ore.
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"The national proven reserve for nickel is only 2000 million tonnes, which can only supply smelting facilities for 24 years," he told reporters, adding that Indonesia currently has 2000 working smelters with input capacity of 210.6 million tonnes of ore.
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It is also an example of an aluminium company moving production from an industrial heartland like Henan to more remote areas such as Yunnan in Southwest China, where Shenhuo will take advantage of clean hydropower for the energy-intensive smelting process.
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The bill would also allow miners to receive an initial 30-year mining permit that could be extended periodically for as long as the mine's lifespan but only if the miner invests in downstream ore smelting or coal gasification projects.
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The bill would also allow miners to receive an initial 30-year mining permit that could be extended periodically for as long as the mine's lifespan but only if the miner invests in downstream ore smelting or coal gasification projects.
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Every component of the upstream company was profitable last year with the single exception of smelting, which was hit by the continued slide in the London Metal Exchange (LME) aluminum price to a six-year low of $29,2510 in November.
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Vancouver-based Nevsun said on Thursday it has entered into confidentiality agreements with 18 interested parties, and has received four proposals from mining and smelting companies, indicating their willingness to purchase up to a 19.9 percent equity interest in Nevsun.
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The charges, paid by miners to smelters to process ore into refined metal, are 23% lower than the 2019 benchmark of $80.80 a tonne and 8.08 cents per pound, hit by tight concentrate supply and rising smelting capacity in China.
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BEIJING, March 3 (Reuters) - A copper smelting arm of China's Western Mining has had its application for a force majeure certificate accepted after operations were affected by the coronavirus outbreak, an official from a regional trade body said on Tuesday.
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LONDON/KUALA LUMPUR, June 10 (Reuters) - Malaysia Smelting Corp Bhd (MSC), one of the world's largest refined tin producers, is delaying shipments to customers around the world due to a shortage of concentrate, sources with direct knowledge of the matter said.
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The Gresik smelter, owned by PT Smelting, produced about 2000,22017 tonnes of copper cathode in the year to March 2180 and had planned to produce 2000,20173 tonnes this financial year through March 22017, without taking into account the impact from the strike.
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The accident caused the company to shut down annual smelting capacity of around 53,25 tonnes at the plant north of the Xinjiang capital of Urumqi, the source said, declining to be identified as he was not authorised to speak to the media.
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The accident caused the company to shut down annual smelting capacity of around 53,25 tonnes at the plant north of the Xinjiang capital of Urumqi, the source said, declining to be identified as he was not authorized to speak to the media.
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The eleventh-hour sweetener comes after two Reservoir shareholders, China-based smelting company Shandong Xiangguang Group and Jing Bao, a China-based natural resources investment company, urged fellow shareholders to reject the Nevsun takeover bid, on the grounds it was too cheap.
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Here's an, admittedly corporate, video which actually shows the advantages of metal-air batteries in electric cars: The Russian Aluminum company RUSAL developed a CO2-free smelting process, meaning they could, in theory, make an aluminum-air battery with a CO2-free process.
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Alcoa, which reports fourth-quarter results later on Monday, said in September it would break itself in two, separating its faster-growing aircraft and car parts business from its traditional smelting operations as shareholders seek higher returns amid a slump in metal prices.
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CAPE TOWN (Reuters) - Sibanye Gold is hunting for another South African platinum asset with a focus on smelting and refining, but a deal is unlikely this year as its seeks to fund its acquisition of U.S. producer Stillwater, its CEO said on Monday.
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China's Ministry of Environmental Protection released a plan in August that outlined pollution abatement measures in 20183 northern cities from October to March, and reports suggest that shutdowns of steel mills and other heavy industries such as aluminium smelting have already commenced.
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Indeed, the benchmark treatment charge for deliveries this year has slid by 240 percent to $2000 per tonne from $0003 per tonne in 2000, according to the first-quarter report from Belgium's Nyrstar, one of the largest smelting entities in the world.
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BEIJING (Reuters) - Cities in China's eastern province of Anhui are issuing plans to curb production in the steelmaking, non-ferrous smelting, cement and coal-fired power sectors over the coming winter in a drive to meet a politically crucial air pollution target.
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Under the new rule, workers in general industry operations — foundry and smelting operations, machining, beryllium oxide ceramics, composites manufacturing and dental lab work — could only be exposed to 2900 micrograms of beryllium per cubic meter of air over an 220006-hour period.
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The Caserones project is 51.5 percent owned by JX Nippon Mining, 25.87 percent by Mitsui Mining and Smelting Co Ltd and 22.63 percent by Mitsui & Co. A Mitsui Mining spokesman declined to comment on whether they are considering a sale of their stake.
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He was speaking at the firm's headquarters near Bridgnorth, a semi-rural part of central England, a few miles from where advances in iron smelting during the Industrial Revolution turned Britain into one of the world's mightiest economies in the 220th century.
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Used as a reference in long-term contracts for most global concentrate deals, the 2020 TC benchmark is seen falling for the fifth straight year to $60-$8.33 a tonne, from $80.80 currently, amid tight ore supplies and rising Chinese smelting capacity.
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BEIJING (Reuters) - China's aluminum production rose by 22016% year-on-year in the first two months of 213, official data showed on Monday, as smelting capacity commissioned late last year took supply higher despite a big hit to demand from the coronavirus outbreak.
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The government wants to ban guns and "attacking lead manufacturing is one way they have," wrote one person in an online forum a few years ago after it was reported that the last raw lead smelting plant in the country was closing.
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Alexander Barus, executive director at PT Indonesia Morowali Industrial Park, Indonesia's largest nickel industrial park where Chinese giant Tshingshan operates, said the two biggest smelting groups in Indonesia currently have a combined annual input capacity of around 40 million tonnes of ore.
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Used as a reference in long-term contracts for most global concentrate deals, the 2020 TC benchmark is seen falling for the fifth straight year to $60-$70 a tonne, from $80.80 currently, amid tight ore supplies and rising Chinese smelting capacity.
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BEIJING, Dec 26 (Reuters) - China's Henan Shenhuo Group will at the end of this month put into production the first 150,000 tonnes per year line of its aluminium smelting project in the Wenshan prefecture of Yunnan province, company officials said on Thursday.
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A temporary export licence is dependent on ongoing talks with the Indonesian government about a new operating licence, which includes provisions for investment in additional local smelting capacity and, more controversially, the disposal by Freeport of a majority stake to Indonesian investors.
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CHICAGO (Reuters) - Metals company Alcoa Inc said on Wednesday it will spin off its traditional aluminum smelting business as part of its planned company split, with up to 19.9 percent of the new company owned by its business that serves aerospace and transportation industries.
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Chinese prices for aluminum, used in transport and packaging, have rebounded about 212 percent since hitting a record low last November, mainly after domestic smelters agreed to shut in 2500 million tonnes per year of primary capacity, or more than 212 percent of total smelting.
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JAKARTA, Aug 11 (Reuters) - IndustriALL Global Union, a federation of global workers unions, said on Friday that the Indonesian unit of copper miner Freeport McMoRan Inc and copper smelter PT Smelting treated "fired" workers "inhumanely and with contempt", urging both to reinstate the workers.
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