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Topic

Trump metal tariffs send corporate Canada reeling in disbelief

By: Bloomberg     2nd June 2018 To get a sense of the disbelief gripping Canadian manufacturers since the U.S. imposed metal import tariffs, have a chat with Marc Dutil. “I just want to scream,” the CEO of structural-steel maker Canam Group said Friday by phone. “All this is doing is creating uncertainty. It’s the last thing... 

Ford complains rising metals costs hurt profits, rivals unphased

By: Reuters     24th January 2018 When Ford Motor reports fourth-quarter results on Wednesday afternoon, it is expected to fret that rising metals costs have cut into profits, even as rivals say they have the problem under control. Aluminium prices have risen 20% in the last year and nearly 11% since December 11. Steel prices... 

Lithium asset consolidation proceeds unabated

By: Henry Lazenby     20th December 2016 Asset consolidation is continuing in the junior lithium space, with several companies announcing deals in the past week. Wealth Minerals announced Monday that its Chilean subsidiary has entered a letter of intent dated December 12, with arm’s length vendors giving it the exclusive right and... 

Platinum demand remains

5th February 2016 The medium- to long-term outlook for platinum remains positive from a demand point of view, notes integrated business enterprise Mitsubishi Corporation.  

US EPA sues VW, Audi and Porsche for alleged Clean Air Act violations

By: Henry Lazenby     5th January 2016 The US Department of Justice on Monday filed a federal court civil complaint in Detroit, Michigan on behalf of the US Environmental Protection Agency (EPA) against German automotive manufacturers Volkswagen, Audi and Porsche, collectively referred to as Volkswagen. The complaint alleged that... 

Alcoa completes $300m expansion for aluminium-intensive vehicles

By: Henry Lazenby     14th January 2014 US aluminium producer and products manufacturer Alcoa has announced that it has completed a $300-million expansion at its Davenport, Iowa facility dedicated to supplying aluminium sheet products to the automotive industry. NYSE-listed Alcoa’s executives made the announcement at the 2014 North... 

Goldman cautions on London Metal Exchange rule proposals

By: Reuters     4th November 2013 The London Metal Exchange's (LME's) proposals to cut queues to get metal out of the warehouses could increase price volatility and reduce transparency as more metal moves off the exchange, Goldman Sachs said in a research note. The LME, the world's largest metals marketplace, has come under... 

New fronts open in aluminium storage battle

By: Reuters     12th March 2012 New fronts are opening up in Europe and Asia in the battle between banks and trading houses to expand their storage hubs for aluminium, a metal meant for use in manufacturing but increasingly viewed as a store of value. Until recently, the battle was almost exclusively confined to one location,... 

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