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Brazil - US$60mn iron ore project in Brazil receives permits to start construction
Herculano Mineração obtained two licenses required for its iron ore project in the state of Minas Gerais, in Brazil, with estimated investments of 300 million reais (US$60 million).The State Environmental Policy Council (Copam) simultaneously granted the Preliminary License (LP), which... Read more
Iron Ore › The real iron ore story isn’t the price, but who sets it
For more than a decade, a single benchmark (Platts 62% Fe) priced the trillion-dollar iron ore market. That is no longer the case. Prices now increasingly reflect a basket of indexes rather than one reference point, a shift that built... Read more
Iron Ore,Brazil › Vale and ABB sign partnership to accelerate digital transformation in iron ore operations in Brazil
ABB and Vale to develop advanced automation, digitalization and integrated IT/OT technology solutions for iron ore processing across multiple Vale operations in BrazilA first project by the two companies increased productivity by 25 percent at Vale's first high-tech and AI-enabled... Read more
China,GIFA › China Speed vs. European Engineering: How Global Competition Is Reshaping Mechanical Engineering
For decades, European mechanical engineering represented technological excellence, reliability and precision. Companies across Germany and Europe built their global leadership on high-quality production standards and long innovation cycles.Today, however, the industry is undergoing a fundamental transformation. Increasingly, competitiveness is no... Read more
Scrap,USA › US to halt key metal waste exports in push to break China reliance
The U.S. is banning the export of lithium-ion battery and tungsten waste in an effort to curb its reliance on China and secure more of the critical materials its defense industry needs.Beginning later this month, certain battery scrap and tungsten... Read more
Aluminum,Automotive › Revolutionizing Automotive Lightweighting with Data-Driven Aluminum Casting
A U.K. metalcaster deployed an array of AI-based evaluation tools and digital simulation processes to define lightweight automotive structures, and envisions more reality-based results in the future..Key HighlightsThe PIVOT project achieved up to 35% weight reduction in aluminum vehicle subframes... Read more
Iron ore,China,Brazil › China’s CMOC is entering the iron ore market through a deal with a Brazilian partner
The mechanism provides for advance payments for long-term future deliveriesThe trading division of Chinese copper giant CMOC Group Ltd. is expanding into the iron ore market. IXM SA, a subsidiary of CMOC, has signed a prepayment agreement with Brazilian mining... Read more
Vale,Iron Ore › Vale posts largest second-quarter iron-ore output since 2018
Brazilian miner Vale posted on Tuesday its largest second-quarter output figure since 2018, with production of the steelmaking material rising 0.8% from a year earlier and coming above analysts' estimates.Vale, one of the world's largest iron-ore producers, reported iron-ore output... Read more
Aluminium › Case study: How metal 3D printing is reshaping aluminium engine manufacturing
The automotive industry has relied on aluminium casting for decades to manufacture engine blocks, cylinder heads and structural components at scale. Its ability to deliver lightweight, durable and cost-effective parts has made it the backbone of modern vehicle production.However, evolving... Read more
Italy,Amafond › Italy - AMAFOND Turns 80: Leonardo Turini on the Future Direction of Italy’s Foundry Supply Sector
AMAFOND’s New Secretary General Discusses the Future of the Foundry Industry in Exclusive InterviewLeonardo Turini has taken over the role of Secretary General at AMAFOND, the Italian Association of Foundry Suppliers, succeeding Fabrizio Carmagnini. In an exclusive interview, Turini reflects... Read more
