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03/24/2022
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By Kevin Hughes
Aluminum prices soar as Australia hits Russia with alumina export ban
Australia recently hit Russia with alumina export ban. The move by the world’s top alumina exporter immediately sent aluminum spot prices soaring. Following the ban’s announcement on March 21, Australia’s top alumina refineries stopped shipping alumina to Russia’s United Co. Rusal International PJSC, the world’s second-largest aluminum company by production output. Rusal has a 20 percent share […]
03/23/2022
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By Mary Villareal
Aluminum prices soar as Australia bans alumina exports to Russia
The ban on alumina exports to Russia has added more pressure on aluminum giant United Co. Rusal International PJSC. Moscow-based Rusal shares dropped after Australian Prime Minister Scott Morrison announced that the country is immediately banning exports. Australia supplies almost 20 percent of Russia’s alumina, which is a key ingredient for producing aluminum. Its exports of […]
03/22/2022
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By Kevin Hughes
Biden wants Americans to buy electric cars made with Russian aluminum
United States President Joe Biden and Transportation Secretary Pete Buttigieg were recently mocked by conservatives for suggesting that working-class Americans scrambling to pay the soaring oil prices should consider acquiring an electric vehicle (EV) instead. Yet, this easy solution supported by Democratic elites might just be even more unreal considering the current financial situation of many Americans. It turns […]
03/15/2022
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By Ethan Huff
90% of America’s semiconductor-grade neon comes from Ukraine
A gas that is essential to the production of microchips could see supply disruptions amid the ongoing conflict in Ukraine. About 90 percent of the semiconductor-grade neon used by the United States to produce chips comes from Ukraine, it turns out. And with Ukraine already cutting off exports of wheat, some worry that neon could […]
03/14/2022
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By Kevin Hughes
Global markets in state of chaos due to Russia-Ukraine War
Many people thought that the global financial markets would not be affected by the Russia-Ukraine War. They were wrong. Investors have received a harsh warning during the past week with the stock prices plunging, commodity prices going absolutely crazy and a dark cloud of fear blanketing Wall Street. The war in Ukraine has forever transformed economic […]
02/24/2022
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By Mary Villareal
Aluminum and nickel, other commodity prices rise following Russia’s move on Ukraine
Aluminum and nickel prices spiked after Russia moved troops to two areas in Ukraine and declared them as independent regions. Aluminum prices, which were at $3,270 per ton on February 21, jumped 3.67 percent to around $3,390 the following day. Meanwhile, nickel, which was trading at $24.350 per ton, jumped 3.9 percent to $25,300 on […]
02/16/2022
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By Mary Villareal
Baby food companies are exposing your children to heavy metals, warns congressional report and Consumer Reports: Beech-Nut, Gerber and more knowingly keep problematic products on the market
Popular baby food companies like Beech-Nut and Gerber have been selling products with concerning levels of toxic metals. Different baby food products are found to contain toxic heavy metals like cadmium, lead, mercury and arsenic, but the highest amounts are in those that contain sweet potato, rice and juice. Although heavy metals have been found in foods […]
02/10/2022
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By Ramon Tomey
Titanium tires used in spacecraft now being redeveloped for Earth bicycles
Titanium tires purported to be “nearly indestructible” have been attached to rovers bound for the moon and Mars. However, a company is bringing these space-age tires back to Earth for a more everyday purpose – that is, attached to bicycles. The SMART Tire Company is the firm behind this endeavor, partnering with National Aeronautics and […]
11/11/2021
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By Matthew Davis
Woman admits to falsifying strength test results of steel used to make Navy submarines
A Washington metallurgist pleaded guilty to fraud after 30 years of falsifying results of strength tests on steel used to make Navy submarine hulls. Prosecutors said 67-year-old Elaine Marie Thomas, who previously served as director of metallurgy at a foundry in Tacoma that supplied steel castings to Navy contractors, faked the test results of at least […]
10/28/2021
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By Ramon Tomey
Gold prices projected to hit $3K per ounce within a few months – analyst
Market experts have predicted that gold prices will hit the $3,000 mark within a few months. The prediction comes as prices of gold remain stable while prices of other metals soar to highest levels in years. With the projected price hike, gold is set to be impacted by inflationary pressure. Bloomberg reports that two mining bigwigs […]
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