Today, the spot price of #1 copper cathode in Guangdong reported discounts of 260-200 yuan/mt against the SHFE front-month contract, and the average discount was 230 yuan/mt, up 20 yuan/mt compared with the previous trading day.
Weekly decline in HRC social inventory narrowed
HRC production at 41 steel mills surveyed by SMM reached 3.4447 million mt in the week ending Apr 25, down 24,100 mt.
Nigeria's $3.2 billion aluminium smelter faces another setback
Nigeria's aspiration for a domestically-produced aluminium industry seems increasingly distant as the $3.2 billion Aluminium Smelter Company of Nigeria (ALSCON) in Ikot Abasi, Akwa Ibom State, once again fails to meet its long-awaited revival deadline.
Alba ignites first Mitsubishi gas turbine in Power Station 5 (PS 5) Block 4 Project
Aluminium Bahrain B.S.C. (Alba), a prominent player in the global aluminium smelting industry, reached a significant milestone in its Power Station 5 (PS 5) Block 4 Project with the First Fire of the Mitsubishi Power M701JAC Gas Turbine (GT) on April 23, 2024.
South32 reports strong operational performance and strategic milestones in Q1 2024
South32, the diversified mining company, has released its operational results for the first quarter of the 2024 financial year, showcasing notable advancements across various sectors.