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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 […]
03/15/2022
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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 […]
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 […]
10/27/2021
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By Zoey Sky
Nickel prices skyrocket to 7-year high amid supply chain crisis
Nickel prices have skyrocketed amid dwindling supply concerns, sending prices in London to a seven-year high. The silvery-white metal is commonly used to make stainless steel and other alloys stronger. It also increases their ability to withstand extreme temperatures and corrosive environments. In 2011, at least 80 percent of the primary (not recycled) nickel consumed in America was used in alloys […]
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