Commodities
Commodity prices driven higher say IMF-World Bank
(Posted on 06/03/22)International Monetary Fund (IMF) Managing Director Kristalina Georgieva and World Bank Group President David Malpass have issued the following statement on the war in Ukraine. “We are deeply shocked and saddened by the devastating human and economic toll brought by the war in Ukraine. People are being killed, injured...
ArcelorMittal halts Ukrainian steelmaking operations
(Posted on 04/03/22)ArcelorMittal has confirmed it has taken the decision to idle its steelmaking operations in Kryvyi Rih, Ukraine in order to ensure the safety and security of its people and assets.The Company has been evaluating the situation on a daily basis and production had previously been reduced with the plant operating at a technical minimum...
Invasion impacts global commodities trade
(Posted on 28/02/22)The geopolitical tensions caused by Russia’s invasion of Ukraine have had an immediate effect on the global economy and markets. The Ukraine government has suspended commercial shipping from its ports and many privately owned grain storage and processing facilities in Ukraine also chose to suspend operations for the safety...
Partnership for sustainablity at Tasmanian Aluminium smelter
(Posted on 21/02/22)The Tasmanian Government and Rio Tinto will work together to ensure a strong and sustainable future economy for George Town, the Tamar Valley region and Tasmania, in a new partnership signed at the Bell Bay Aluminium smelter.The partnership will seek to drive economic growth and employment outcomes in the State and support the Tasmanian...
Yinhawangka people and Rio Tinto agree new cultural heritage plan
(Posted on 15/02/22)Yinhawangka Aboriginal Corporation (YAC) and Rio Tinto have agreed on a new co-designed management plan to ensure the protection of significant social and cultural heritage values as part of Rio Tinto’s proposed development of the Western Range iron ore project in the Pilbara region of Western Australia.The Social, Cultural...
Rusal introduces a new aluminium alloy for anodizing
(Posted on 11/02/22)RUSAL , a leading global aluminium producer, has developed an optimized 5xxx series aluminuim alloy for further anodizing. Production has now started at the Bratsk Aluminium Smelter (BrAZ).RUSAL's Technical Directorate conducted a general assessment of this alloy and organized its mass production. Furthermore, the production of...
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