Commodities
Australia’s biggest renewables deal to repower Gladstone aluminium operations
(Posted on 22/02/24)Rio Tinto has signed Australia’s largest renewable power purchase agreement (PPA) to date to supply its Gladstone operations in Queensland, agreeing to buy the majority of electricity from Windlab’s planned 1.4GW Bungaban wind energy project.The agreement, which follows the announcement last month of a PPA for the Upper...
BHP half year results released
(Posted on 22/02/24)Mike Henry, Chief Executive Officer, reviewed the Company's operating and financial performance:“We are saddened by the loss of one of our sub-contractors who was fatally injured at BMA’s Saraji mine in January. An investigation is underway into the circumstances of this tragic incident and we are resolute in our commitment...
Titan Lithium to set up AED 5 Billion processing plant in KEZAD
(Posted on 14/02/24)Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones, and UAE-based Titan Lithium have announced the signing of a 50-year land lease agreement for the establishment of a state-of-the-art lithium processing plant in Khalifa Industrial Area (KEZAD Al Ma’mourah...
Australia’s iron ore leaders partner for steel decarbonisation
(Posted on 11/02/24)Australia’s two largest iron ore producers and its biggest steelmaker have partnered in their efforts to accelerate the decarbonisation of steelmaking by agreeing to jointly investigate the development of the country’s first ironmaking Electric Smelting Furnace1 (ESF) pilot plant.Under a new framework agreement, Rio...
Lithium market to face transition as demand growth slows
(Posted on 02/02/24)The lithium market is experiencing a period of transition as demand growth slows and the industry adjusts to changing dynamics, according to Wood Mackenzie’s ‘Lithium: Five things to watch in 2024’ report. While lithium remains a crucial raw material for batteries, its growth rate is decelerating due to a maturing...
Top US construction economist anticipates weak first half of 2024
(Posted on 31/01/24)The top economist for the cement, concrete, and construction industries anticipates the U.S. economy will gradually weaken during the first half of 2024 but will likely slowly recover in the second half. Ed Sullivan, Portland Cement Association’s (PCA) Chief Economist and Senior Vice President of Market Intelligence, made...
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