Latest market news

Rio Tinto to supply scandium alloy to Amaero

  • Market: Metals
  • 10/03/21

UK-Australian mining firm Rio Tinto will supply the first scandium-aluminium alloy produced in North America to Australian additive manufacturer and developer Amaero.

Rio Tinto started building a plant to produce critical mineral scandium in Quebec in January, four years after test production at its Sorel Tracy metallurgical plant near Montreal. It expects to deliver the first commercial batch of scandium-aluminium alloy billet to Amaero by the end of this month. Amaero will then process it into 3D printing powder for its high operating temperature (HOT) Amaero Al alloy for lightweight material applications.

"We look forward to working with Rio Tinto to progress the production of the alloy so we can commence the qualification process with key customers in the aerospace sector and other industries," Amaero chief executive Barrie Finnin said.

"Aluminium-scandium alloy is the material of choice where a lightweight, high-strength material with thermal resistance and good welding properties is needed," Rio Tinto Aluminium vice-president for sales and marketing Tolga Egrilmezer said.

Rio Tinto has developed a process to extract scandium oxide from the waste streams from its Sorel Tracy plant which produces titanium dioxide feedstock, pig iron and ferrous powders from ore from the Havre-Saint-Pierre mining complex in eastern Quebec province. The plant under construction in Sorel Tracy will have a production capacity of 3 t/yr of scandium oxide. This would give it a 10-20pc share of total global production, which is currently concentrated in Asia-Pacific and Russia.

Scandium has been used in niche and defence applications for decades and more recently in clean energy production. But alloys represent the largest potential growth area.

By Caroline Messecar


Sharelinkedin-sharetwitter-sharefacebook-shareemail-share

Related news posts

Argus illuminates the markets by putting a lens on the areas that matter most to you. The market news and commentary we publish reveals vital insights that enable you to make stronger, well-informed decisions. Explore a selection of news stories related to this one.

News
03/07/24

Japan’s domestic car output rebounds on year in May

Japan’s domestic car output rebounds on year in May

Tokyo, 3 July (Argus) — Japan's domestic automobile production in May increased on the year for the first time in four months, mostly because of output recovery at manufacturer Daihatsu. Total passenger vehicle output rose to 612,364 units, up by 4.8pc from a year earlier. Production increased, largely because Daihatsu restarted domestic operations in early May. The manufacturer suspended operations in December 2023, when it was accused of tampering with safety test results. Daihatsu's production still fell on the year by 17pc in May, but the year-on-year declines have slowed from 92pc in February, 66pc in March, and 69pc in April. The country's car output could continue to recover. Toyota resumed production of the Prius model on 17 June, after it suspended operations following a recall for a safety check in April, according to a company representative who spoke to Argus . The country's authority in early June ordered Toyota and Mazda to halt some of their car deliveries , following alleged false reporting of safety test results. These disruptions could cut production, but the manufacturers are managing to keep overall output by increasing production of models that are not subject to the order, according to the country's ministry of trade and industry on 2 July. By Yusuke Maekawa Japan's car production (units)* May '24 Apr '24 May '23 y-o-y ± % Toyota 255,314 251,485 248,287 2.8 Daihatsu 38,564 21,317 46,642 -17.3 Mazda 55,523 63,136 51,040 8.8 Subaru 46,400 41,852 49,790 -6.8 Honda 51,125 57,196 44,510 14.9 Suzuki 83,157 86,668 65,332 27.3 Mitsubishi 37,422 34,095 31,538 18.7 Nissan 44,859 48,273 47,197 -5.0 Total 612,364 604,022 584,336 4.8 Source: Japanese car makers * Excludes commercial vehicles Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Find out more
News

S Korea's LGES, Renault sign 39GWh LFP battery deal


02/07/24
News
02/07/24

S Korea's LGES, Renault sign 39GWh LFP battery deal

Singapore, 2 July (Argus) — South Korean battery manufacturer LG Energy Solution (LGES) will supply 39GWh of lithium-iron-phosphate (LFP) batteries to French car manufacturer Renault's electric vehicle (EV) division Ampere from 2025-30. Under the agreement, LGES will provide LFP batteries in pouch form to Ampere from the end of 2025 through to 2030, said LGES on 2 July. The batteries will come from its facility in Poland where it has a 86GWh battery plant, which is the largest in Europe. This marks the firm's first "large-scale" LFP battery supply deal for EVs, said LGES. The firm will continue to expand its supply of LFP batteries for EVs, starting with the European market, said the firm. LFP batteries are typically more cost-competitive compared to nickel-manganese-cobalt (NMC) batteries given the materials used, and LGES sees demand rising for the former as demand for affordable entry-level EVs grows. Ampere earlier said it will be integrating LFP technology alongside the NMC batteries that Renault has been using, because of market volatility and changes in battery technologies. LGES and Chinese battery manufacturer CATL will provide Ampere with LFP batteries and technology, with LGES providing batteries from its Poland facility, and CATL providing the technology until 2030. The three firms will set up an "integrated value chain" in Europe, said Ampere. The decision to integrate LFP and cell-to-pack technologies — which raises the volumetric density of batteries — will help Ampere in cutting 20pc of its battery costs, said the company. This is part of the firm's roadmap to cut 40pc of costs by 2027 or 2028. Ampere targets to sell 1mn units of EVs in 2031 with a goal of reaching €25bn ($26.83bn) in revenue that same year through seven of its EV models, said the firm late last year. Sales of plug-in EVs, which include plug-in hybrid EVs and battery EVs, fell by over 10pc in Europe during May on weak German demand, with sales of hybrid EVs rising by 15pc on the year across the EU, European Free Trade Association and the UK. By Joseph Ho Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

News

Tata Steel BF to stay on as Unite suspends strike


01/07/24
News
01/07/24

Tata Steel BF to stay on as Unite suspends strike

London, 1 July (Argus) — Union Unite has agreed to suspend its "indefinite" strike action which was due to start at Tata Steel site on July 8. Tata had said it would need to prematurely close blast furnace four (BF4) this week due to safety and operational concerns if the strike went ahead. Blast furnace five is being taken down, in line with the company's earlier plan. In a note to Unite members seen by Argus today, Unite representatives said they had decided to suspend all action, including "working to rule, overtime ban and strike action" after talks with Tata over the weekend. "We welcome Unite's decision to withdraw their strike action and get back around the table with their sister steel unions", Alun Davies, national officer for Community Union, said. "Tata confirmed that if the strike was called off they are ready to resume discussions on a potential MOU (memorandum of understanding), through the multi-union steel community," he added. Tata has commenced legal action to challenge the validity of Unite's ballot and a court hearing is scheduled for 3 July, Tata Steel UK chief executive officer Rajesh Nair said in a note to Tata employees on 28 June. Tata had met with Unite on 28 June, where the union confirmed it would provide "minimum safety cover" at Port Talbot and Llanwern during the strike, but Nair said this was "not sufficient" to allow safe operations, and the closure of the furnaces and heavy end would start this week. However, sources expect BF4 and the steel plant will continue running now the threat of imminent strike action has been withdrawn. By Colin Richardson Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

News

ASD completes purchase of Atlantic Steel Processing


01/07/24
News
01/07/24

ASD completes purchase of Atlantic Steel Processing

London, 1 July (Argus) — UK general steel distributor ASD has acquired the assets of Birkenhead-based decoiler Atlantic Steel Processing out of administration. The group, now owned by Spain's Hierros Anon, said the acquisition will enhance its presence in the UK's northwest and give it cost-effective access to the Irish markets — previously Ireland was an important region for Atlantic. Atlantic also introduces new products to ASD, in the form of decoiled hot-rolled sheet and reversing mill plate. Atlantic has the widest decoiling line in Europe, Yoder, capable of processing 2.5m-wide material. Hierros Anon has been on something of an acquisition spree of late, recently acquiring four country operations from Kloeckner, including ASD in the UK. Atlantic fell into administration on 3 May , as first reported by Argus . The business was affected by a difficult UK hot-rolled coil (HRC) and sheet market, and had a lack of cash after a management buyout in 2022. Continued difficult market conditions are likely to see more consolidation in the service centre and decoiling markets in the coming weeks, sources said. By Colin Richardson Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

News

Lake Resources to delay Argentinian Kachi Li project


01/07/24
News
01/07/24

Lake Resources to delay Argentinian Kachi Li project

Singapore, 1 July (Argus) — Australian lithium developer Lake Resources expects further delays to its Argentinian Kachi lithium brine project, and will no longer continue with agreements to sell its Kachi supply. The firm's Kachi project previously faced a six-year delay that pushed its first phase production of 25,000 t/yr to 2027. The firm on 1 July said it now believes that this will "take longer than initially expected", citing macro environment conditions. The firm is also now "managing an ongoing process" for the potential sale of its lithium assets in other parts of Argentina, namely its Paso de Jama, Olaroz, Cauchari and Ancasti assets, as it focuses on the Kachi project. Major Chinese lithium-ion battery cathode active material precursor manufacturer CNGR has been looking to invest and potentially acquire significant stakes in some Argentinian lithium projects , including Paso de Jama, a source from CNGR told Argus early last month. Lake Resources will also cut more than 50pc of its global headcount to "right-size" its workforce and expenditure, on top of an earlier announcement in March about cutting 50pc of its "non-core operational and administrative" workforce. The firm will also no longer progress the non-binding offtake agreements signed in 2022 to sell its Kachi output to South Korean battery producer SK On and Netherlands-based commodity trading firm WMC Energy . The firm will rather focus on "competitive strategic partnering process" for equity investment and offtake agreements. Argus- assessed prices for 99.5pc grade lithium carbonate stood at 90,000-95,000 yuan/t ($12,382-13,070/t) ex-works China on 28 June, with recent bearish sentiment in the lithium market. Woes are also mounting for the downstream battery and electric vehicle industry. By Joseph Ho Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Generic Hero Banner

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more