Tag #Metals

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cincodias.elpais.com

🌐 85% Global Worthiness

Mar 31, 10:10

EU's Raw Material Strategy Reshapes Global Markets

The European Union's initiative to decrease dependence on China for critical raw materials, such as rare earths and strategic metals, is causing market shifts, with stock values of related companies rising significantly, despite challenges like oversupply in some sectors.

EU's Raw Material Strategy Reshapes Global Markets

The European Union's initiative to decrease dependence on China for critical raw materials, such as rare earths and strategic metals, is causing market shifts, with stock values of related companies rising significantly, despite challenges like oversupply in some sectors.

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Industry, Innovation, and Infrastructure

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What is the immediate impact of the European Union's plan to secure its supply of rare earths and strategic metals on the global market for these materials?

European Union's plan to reduce reliance on China for critical raw materials like rare earths and strategic metals is driving market changes. Companies in this sector are seeing a rebound after a year of decline, with some stock values rising over 60% in the last three months. This is fueled by the EU's aim for self-sufficiency and increased demand for these materials.

welt.de

🌐 75% Global Worthiness

Dec 5, 13:08

Aurubis Reports 19% Earnings Surge Despite Headwinds

Aurubis, Europe's largest copper processor, announced a 19% rise in its 2023/24 pre-tax earnings to €413 million due to lower energy costs and higher prices, while also facing challenges from a major theft and management changes, and projecting lower profits in 2024/25.

Aurubis Reports 19% Earnings Surge Despite Headwinds

Aurubis, Europe's largest copper processor, announced a 19% rise in its 2023/24 pre-tax earnings to €413 million due to lower energy costs and higher prices, while also facing challenges from a major theft and management changes, and projecting lower profits in 2024/25.

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What were the primary factors contributing to Aurubis's 19% increase in pre-tax earnings in 2023/24?

Aurubis, Europe's largest copper processor, reported a 19% surge in pre-tax earnings (EBT) to €413 million in 2023/24, driven by lower energy costs and higher prices. The company declared a dividend increase of €0.10 to €1.50 per share. This follows an earlier announcement of projected pre-tax profit between €300 and €400 million for 2024/25, anticipating a downturn due to softening market conditions and higher strategic project costs.

bbc.com

🌐 85% Global Worthiness

Mar 7, 07:10

Deep-Sea Mining Tech Advances, But Environmental Concerns Persist

Impossible Metals is developing AI-powered robots for deep-sea mining of polymetallic nodules, aiming to minimize environmental impact by avoiding lifeforms and reducing sediment disturbance; however, critics express concerns about habitat destruction, with past experiments showing long-lasting dama...

Deep-Sea Mining Tech Advances, But Environmental Concerns Persist

Impossible Metals is developing AI-powered robots for deep-sea mining of polymetallic nodules, aiming to minimize environmental impact by avoiding lifeforms and reducing sediment disturbance; however, critics express concerns about habitat destruction, with past experiments showing long-lasting dama...

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Life Below Water

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What are the broader economic and political factors influencing the development and regulation of deep-sea mining?

While Impossible Metals claims its robot minimizes environmental impact by using AI to avoid lifeforms and optimized arms to reduce sediment disturbance, critics argue the fundamental act of mining destroys the deep-sea habitat. Past mining experiments have left lasting scars on the seabed, with wildlife recovery taking decades. The company's assertion that deep-sea mining reduces the need for land-based mining is challenged by the volatile market for the metals sought and uncertainty over supply shortages.

lemonde.fr

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Nov 7, 22:02

Critical Metal Shortages Threaten Energy Transition

The mining industry faces a growing concern about potential shortages of critical metals needed for the energy transition. Rising costs and low commodity prices are hindering the development of new projects, raising fears about meeting future demands.

Critical Metal Shortages Threaten Energy Transition

The mining industry faces a growing concern about potential shortages of critical metals needed for the energy transition. Rising costs and low commodity prices are hindering the development of new projects, raising fears about meeting future demands.

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What is EY's ranking of metal shortage concerns among other industry risks?

EY's study highlights that the fear of metal shortages ranks as the fourth biggest concern for the mining sector, after financing, environmental management, and geopolitics. This is a significant increase in concern compared to previous years.

Showing 1 to 4 of 4 results