Alcoa Corporation (NYSE: AA) has announced an agreement to acquire South32’s (ASX: S32) aluminium business in a transaction valued at approximately $4.7 billion, representing one of the largest strategic acquisitions in the sector in recent years. The announcement, released alongside the company’s quarterly earnings, …
Dallas Fed President Lorie Logan called for another rate hike, a notably hawkish position at a moment when markets had been leaning toward the idea that the Fed's tightening cycle was largely complete. Vice Chair Philip Jefferson reinforced that tone, saying he would support …
On the surface, both rebar and iron ore futures look bullish. Rebar climbed above CNY 3,120 per ton, a one-month high. Iron ore held above CNY 760 per ton, also near a one-month high. If you only looked at these two futures prices, you'd …
In Chile, the world's largest copper-producing nation, a powerful storm struck this week, causing widespread power outages and significant damage to mining infrastructure. The immediate operational impact of a storm this severe in a country responsible for such an outsized share of global copper …
The Chinese yuan-denominated iron ore futures contract is trading near one-month highs, above CNY 760 per ton. That strength is being driven by a cluster of acute, recent supply disruptions concentrated in and around China's steel supply chain: BHP's strategic decision to prioritize copper …
Titanium traded flat on the day, showing no meaningful daily reaction to a week that's rattled nearly everything else in the metals space. But that flatness sits on top of a sustained, quiet decline — down 4.12% over the past month and 7.92% year-over-year. …
That flatness on the day sits on top of a genuinely persistent downtrend that's easy to miss precisely because it isn't generating dramatic headlines. Titanium is down 4.12% over the past month and 7.92% compared to the same time last year — a sustained, …
Gold, silver, and platinum are all trading near multi-month lows, and in each case the primary transmission channel is the same: rising oil prices from the conflict are fueling inflation concerns, which are pushing the Federal Reserve toward a more hawkish stance. Dallas Fed …
The starting point is BHP's own production numbers. The mining giant reported a 3% year-on-year decline in iron ore output, to 68.1 million tons in the three months to June. Notably, this isn't a story about BHP struggling operationally — it's a deliberate strategic …
The near-term pressure is coming from the same source rattling every other market this week: escalating Middle East conflict. The US launched multiple strikes against Iran and reinstated a naval blockade on the Strait of Hormuz, while Tehran retaliated with attacks on US bases …