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Auto manufacturers, miners join forces over US mining tax incentive | Hotter Commodities
A group of major automotive manufacturers including Tesla and General Motors sent a joint letter with mining companies and electric vehicle (EV) battery companies on Monday February 5 urging the Biden administration to allow a 10% tax credit to apply to both mineral extraction and mineral processing in the US
February 12, 2024
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By Andrea Hotter
Insights
Copper smelters feel pain as treatment and refining charges plummet | Hotter Commodities
The copper concentrate market was already tight, but the addition of major new smelting capacity this year – starting with the expansion of Freeport’s Gresik smelter in Indonesia — will likely mean maintenance breaks, capacity curtailments and potentially even closures while operating costs start to become untenable, Fastmarkets understands.
February 8, 2024
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By Andrea Hotter
Insights
Congress, collusion and can sheet | Hotter Commodities
Major aluminium producers Alcoa, Rio Tinto and Century Aluminum have been accused of pocketing vast sums of money from the sale of aluminium products to the beverage industry in the US at inflated prices – and of potentially colluding to do so
February 8, 2024
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By Andrea Hotter
Insights
US Congressman accuses Alcoa, Century, Rio Tinto of anti-competitive behavior in aluminium market | Hotter Commodities
A US Congressman has alleged that aluminium producers including Alcoa, Century Aluminum and Rio Tinto have engaged in anti-competitive price collusion by not offering duty-free aluminium to buyers in the country’s beverage industry
February 8, 2024
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By Andrea Hotter
Insights
The challenging world of Russian aluminium sanctions | Hotter Commodities
The London Metal Exchange is finding that when it comes to metal of Russian origin, and in particular aluminium, it can't please all of the people all of the time.
January 29, 2024
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By Andrea Hotter
Insights
Norsk Hydro continues to flex portfolio, targets automotive, exec says | Hotter Commodities
Norsk Hydro is continuing to maximize its production of aluminium products for the automotive sector amid ongoing weak demand in end-use markets like construction, according to a senior executive at the Norwegian producer
January 23, 2024
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By Andrea Hotter
Insights
Alcoa in home stretch of 5-year portfolio review: CEO | Hotter Commodities
Alcoa is into the home stretch of its five-year portfolio review, which draws to a close in October, the chief executive officer of the US aluminium producer told Fastmarkets.
January 19, 2024
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By Andrea Hotter
Insights
Stardust Power to build lithium refinery in Oklahoma, US: CEO | Hotter Commodities
Stardust Power Inc is to build a battery-grade lithium refinery in Oklahoma in the United States, with major construction starting later in 2024, the US-based company’s founder and chief executive officer told Fastmarkets
January 16, 2024
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By Andrea Hotter
Insights
FEOC definition leaves most Indonesian nickel outside IRA tax credits | Hotter Commodities
The US Department of Treasury has released its definition of a Foreign Entity of Concern (FEOC) for the purposes of the Inflation Reduction Act (IRA) – and there are big implications for nickel.
December 5, 2023
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By Andrea Hotter
Insights
LME nickel verdict shows the rules matter | Hotter Commodities
Nearly 18 months since the first nickel-related lawsuit was filed against it in the English High Court, the London Metal Exchange has been cleared on all grounds and the charges against it dismissed.
November 29, 2023
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By Andrea Hotter
Insights
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