Commodities
ADM to expand corn processing complex
(Posted on 25/06/20)To help meet continuing high demand for hand sanitizer, ADM has announced it is significantly increasing production of industrial alcohol at its Clinton, Iowa, corn processing complex.“ADM is one of the largest corn processors in the world, and our scale and flexibility give us the capability to substantially scale up production...
Support for U.S. Grains Act
(Posted on 25/06/20)The National Grain and Feed Association (NGFA) in the USA and North American Export Grain Association (NAEGA) have said they strongly support legislation that would reauthorize and improve the U.S. Grain Standards Act.The Senate Agriculture Committee will consider the bill reauthorizing the U.S. Grain Standards Reauthorization Act...
Rio Tinto announces board-led heritage review
(Posted on 19/06/20)Rio Tinto has launched a board-led review of its heritage management processes within Iron Ore following the events at Juukan Gorge, with a focus on recommending improvements to the effectiveness of its internal processes and governance.The review will be conducted by Michael L’Estrange AO, an independent non-executive director...
WCA responds to India coal auctions
(Posted on 19/06/20)Statement from Michelle Manook, World Coal Association Chief Executive:“The World Coal Association acknowledges the significance of India’s coal auctions in what is recognised as a historic moment for the country. We strongly support all countries in their right to choose coal and clean coal technologies, to deliver...
Rusal launches new foundry complex
(Posted on 18/06/20)RUSAL, a leading global aluminium producer, has announced the commissioning of a new foundry complex at the Boguchansky aluminium smelter with a capacity of 120 thousand tonnes of alloys per year.The new foundry by the Italian company Properzi will produce a qualitatively new product - high silicon aluminium alloy with increased...
World steel demand to shrink 6.4%
(Posted on 15/06/20)The World Steel Association (worldsteel) has released its Short Range Outlook (SRO) for 2020 and 2021. In 2020 worldsteel forecasts that steel demand will contract by 6.4%, dropping to 1,654 Mt due to the COVID-19 crisis. In 2021 steel demand is expected to recover to 1,717 Mt, an increase of 3.8 % over 2020.This year’s reduction...
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