Press Releases
29 April 2025
mirates Global Aluminium (EGA), the biggest industrial company in the United Arab Emirates outside oil and gas, today announced the winners of the EGA Aluminium Design and Innovation Challenge, run in partnership with the Ministry of Education. The challenge aims to inspire school students’ interest in science, technology, engineering, and mathematics. The winning teams were recognised by His Excellency Omar Al Dhaheri, Assistant Undersecretary for the School Operations Sector
Read more...Nucor Corporation announced today the promotion of Thomas J. Batterbee to the position of Executive Vice President of Human Resources and Talent and the appointment of Elizabeth Bledsoe to the newly created position of President of Human Resources and Talent, both effective May 11, 2025. In these roles, Mr. Batterbee and Ms. Bledsoe will focus on Nucor's enterprise talent development and human resources strategy. Mr. Batterbee began his Nucor career in 1989 at Nucor Buildin
Read more...Equity Insider News Commentary – If you thought that gold prices setting new records was enough to keep the bulls happy, think again. Now a gold analyst backed by an endorsement from Canadian billionaire mining investor Eric Sprott is predicting a "once-in-a-generation" bull run for mining stocks. Gold stock analyst Don Durrett believes gold equities are "unbelievably mispriced" in current markets, and is citing his valuation model that projects gold could surg
Read more...Olympic Steel Inc, a leading national metals service center, announced that it has amended and extended the maturity of its existing $625 million, five-year asset-based revolving credit facility through April 17, 2030. The revolving credit facility is secured primarily by the accounts receivable, inventory, property, equipment and select real estate owned by the Company. The revolving credit facility includes an increase option of up to $200 million. After giving effect to
Read more...Rio Tinto and AMG Metals & Materials (AMG M&M), an energy transition solutions provider, have signed a Memorandum of Understanding (MOU) to jointly assess the feasibility of developing an integrated low-carbon aluminium project powered by renewable energy in India. AMG M&M is promoted by the two founders of Greenko and AM Green. Together, the parties will consider the potential development of up to a 1 million tonnes per annum (Mtpa) primary aluminium smelter and 2 Mtpa
Read more...17 April 2025
ABB has won an order to supply its Flow Control Mold (FC Mold G3) electromagnetic stirrer technology for a new thick slab caster at ArcelorMittal Nippon Steel India’s (AM/NS India) flagship steel plant in Hazira, located on the west coast of India in Gujarat state. AM/NS India, a joint venture between ArcelorMittal and Nippon Steel, two of the world’s leading steelmakers is expanding steel capacity at the plant from the current 9 million tons per annum (MTPA) to 15 MTPA.
Read more...16 April 2025
Novelis, a leading sustainable aluminum solutions provider and world leader in aluminum rolling and recycling, announced the opening of the Ulsan Aluminum Recycling Center. Novelis has invested $65 million in Ulsan Aluminum, a joint venture between Novelis and Kobe Steel to build the new recycling center with an annual production capacity of 100,000 tons of low-carbon aluminum sheet ingot. Novelis currently operates Asia’s largest aluminum beverage can recyclin
Read more...Impossible Metals, a pioneering US-based deep-sea mining company, has submitted a request to commence a leasing process for exploration and potential mining of critical minerals in the deep sea off the coast of American Samoa. Impossible Metals is the first company to request a lease of critical minerals under the Outer Continental Shelf Lands Act of 1953, which is regulated by the U.S. Bureau of Ocean Energy Management (BOEM), part of the U.S. Department of the Interior. Impossible
Read more...Metso has officially opened its cutting-edge Dewatering Development Hub in Irapuato, strategically located in the central region of Mexico. The new facility represents a significant enhancement to Metso's competitive positioning and customer service capabilities. It is designed to meet customers’ diverse dewatering solution needs, offering reduced response times, environmental advantages and ensuring delivery reliability. The inauguration was celebrated with customers, stakeholders
Read more...Hydro is presenting the “R100 Project” at Milan Design Week 2025. The project brings five groundbreaking designs to life from locally sourced, post-consumer scrap to finished design objects all within a self-imposed limit of a 100 kilometers radius. Following the launch of the world’s first 100 percent post-consumer aluminium, Hydro CIRCAL 100R in 2024, Hydro is shifting its attention to transportation. By working within very small manufacturing clusters in the Netherlands a
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