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Sims Metal gets new Chicago shredder permit

  • Spanish Market: Metals
  • 17/12/24

Chicago's health department has issued Sims Metal a new permit for it shredder after determining the recycler has kept air pollution below levels that could harm public health.

The lower west side Chicago scrap yard faced community backlash throughout the review process because of potential effects the shredder's air emissions could have on the surrounding community.

The Chicago Department of Public Health (CDPH) said it will allow Sims to continue operating the shredder because the US Environmental Protection Agency (EPA) found that the company for more than a year kept air pollution from the shredder below levels that could harm human health.

The permit is retroactive and covers 2021 to November 2024. Sims, a bulk scrap exporter and metal recycler based in Australia, had been operating on an expired permit while the EPA and Chicago government considered a renewal. CDPH said Sims has already applied for another three-year shredder term while it continues operating on the permit issued on Monday.

Dozens of community members opposed Sims' permit application in public comments. Some noted that the state of Illinois sued Sims in 2021 over air pollution at the scrap yard.

Southside Recycling, which has failed to obtain a shredder permit in Chicago, said in public comments last month that the Chicago government has held it to a higher standard than Sims.

Sims said the EPA "has delivered our Pilsen facility a clean bill of health after extensive air monitoring, and we remain fully committed to continuing to achieve the City's operational expectations".


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18/12/24

Australia's BHP, Rio Tinto in electric smelter tie-up

Australia's BHP, Rio Tinto in electric smelter tie-up

Sydney, 18 December (Argus) — The Australian NeoSmelt resource consortium will build a major pilot electric iron smelter in Kwinana, Western Australia, supporting a broader push towards low-emissions steel. The consortium is led by the country's largest iron miners, BHP and Rio Tinto and steel producer BlueScope. Western Australia's government has agreed to support the project through a A$75mn ($47.5mn) investment, it said on 17 December. NeoSmelt expects the site to produce between 30,000-40,000t of molten iron at the site once it is operational by 2028. The site will use natural gas to process ore. The group will also look at moving towards hydrogen-based production processes over time. But the NeoSmelt development is still at an early stage. The consortium will make a final investment decision on the plant sometime in 2026. Other firms are also currently working on low-carbon smelting projects in the state. Global mineral firm Fortescue plans to house an electric furnace at its green iron plant at its Christmas Creek mine. The company hopes to produce 1,500t/yr of iron at the facility, beginning in 2025. Another younger metals firm Green Steel of WA (GSWA) is developing a similar smelter in the state's Mid-West region. GSWA is scheduled to start producing 2.5mn t/yr of iron at the plant, using natural gas and hydrogen, in 2028. The company will make a final decision on the project next year. The recent push towards green steel production comes after federal government initiatives designed to support sustainable production across the country. The Australian government announced in its most recent budget that it will focus on supporting aluminium and steel decarbonisation efforts over the next decade. By Avinash Govind Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Argentina touts quarterly economic growth


17/12/24
17/12/24

Argentina touts quarterly economic growth

Montevideo, 17 December (Argus) — Argentina's macroeconomic conditions continue to stabilize, with growth picking up and inflation trending down. The economy expanded by 3.9pc in the third quarter of the year compared to the previous three months, according to preliminary data from the statistics agency (Indec). It was the first quarter-on-quarter growth since President Javier Milei took office a year ago during a deep recession with a promise to overhaul the long-struggling economy. The economy contracted by 1.9pc in the fourth quarter of 2023, by 2.1pc in the first quarter of 2024 and by 1.7pc in the second quarter. While the economy is still down by 2.1pc compared to a year earlier, the government presented the data, together with falling inflation, as evidence that Milei's strategy to deregulate and shrink the state is working. Inflation in November was 2.4pc, a huge decline from the 25pc when Milei took office in December 2023. Accumulated inflation through November was 112pc. According to Indec, private consumption was up by 4.6pc from quarter to quarter and investment by 12pc. The country has had a fiscal surplus for nine months. The currency has stabilized after a brutal devaluation early in 2024 of more than 50pc. Exports grew by 3.2pc from the second quarter and are the most positive economic indicator so far this year. Exports in the first three quarters of 2024 were up by 20pc compared to a year earlier. The energy sector in the GDP calculation increased by only 0.4pc in third quarter, but it plays an important role in the trade balance. The country will have a trade surplus this year close $20bn compared with a $6.9bn deficit in 2023, according to the central bank. Argentina registered its first energy surplus in 15 years in the first half of 2024, exporting $4.81bn and importing $3.79bn. Crude exports were up by 60pc compared to 2023. Oil and gas trade organization Ceph forecasts an energy surplus of $25bn by 2030, based on projections of crude output of 1.5mn b/d and natural gas at 230mn m³/d. The government has reduced from 18 to eight the number of cabinet ministries and eliminated hundreds of regulations. Deregulation and transformation minister Federico Sturzeneggar announced in early December that approximately 4,500 regulations would be eliminated in 2025. But the austerity measures have caused a spike in poverty, with more than 50pc of the population living below the poverty line, up from 41.7pc in December 2023. By Lucien Chauvin Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Alabama lock to remain closed until spring


17/12/24
17/12/24

Alabama lock to remain closed until spring

Houston, 17 December (Argus) — The US Army Corps of Engineers (Corps) has determined that the main chamber of the Wilson Lock on the Tennessee River near Florence, Alabama, will remain closed until spring 2025 as repairs continue. The Wilson Lock, the first lock on the Tennessee River, closed on 25 September after cracks in the lock gates on both the land and river sides were discovered. The main lock was closed to prevent further damage in the main chamber, although the auxiliary chamber was kept open for navigation. The Corps had been eyeing an earlier opening date for the main chamber since the start of November. Although months of repairs have taken place, the Corps resolved to keep the main chamber closed to preserve the lock and maintain personnel safety. The Corps, in partnership with the Tennessee Valley Authority (TVA), is still assessing the root cause of the cracking. A second de-watering of the gate is scheduled for the first three months of 2025 to repairs. No official date has been set for the lock reopening, although some barge carriers have heard of a late April opening date. A regular 15 barge tow has endured 5-6 days of delay through the lock on average, according to carriers. The Corps' Lock Status Report on the Wilson Lock reported a nearly two-week delay for tows navigating through the lock. This has been costly for shippers by forcing them to pay delay fees. Wilson Lock is the second lock in Alabama to undergo a lengthy closure this year. Most lock and dams along the US river system are over 70 years old, likely resulting in more closures in the coming year. By Meghan Yoyotte Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Nato targets stronger supply chains for critical metals


17/12/24
17/12/24

Nato targets stronger supply chains for critical metals

London, 17 December (Argus) — Nato has identified 12 critical raw materials essential for producing advanced defence systems and equipment with a view to helping strengthen supply chains. The metals named in the list are aluminium, beryllium, cobalt, gallium, germanium, graphite, lithium, manganese, platinum, rare earth elements, titanium, and tungsten. "The availability and secure supply of these materials are vital to maintaining Nato's technological edge and operational readiness. Disruptions in their supply could impact the production of essential defence equipment," the US-led transatlantic alliance said. Aluminium is used in military aircraft and missiles, while graphite is used in producing main battle tanks and corvettes due to its high strength and thermal stability, as well as in submarines. Cobalt is essential for producing superalloys used in jet engines, missiles and submarines, which can withstand extreme temperatures. Identifying these key materials marks Nato's first step toward building more resilient supply chains and is part of the alliance's defence-critical supply chain security roadmap. The roadmap has five lines of action and includes strategic stockpiling, recycling and substituting materials for defence applications. Defence supply chains are becoming increasingly complex, mainly due to trade tensions and geopolitical issues surrounding several critical metals. Speaking in Brussels last week, recently-appointed Nato secretary-general Mark Rutte highlighted the need to increase defence spending and manufacturing in an increasingly turbulent security environment. "On defence production, I am absolutely convinced that ramping it up is a top priority," he said. By Cristina Belda Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Workers strike at Australia's Gladstone port


17/12/24
17/12/24

Workers strike at Australia's Gladstone port

Sydney, 17 December (Argus) — Union members are engaging in a day-long work stoppage at Queensland's Port of Gladstone today, as port strikes spread across Australia. Gladstone Ports is "experiencing impact to some Port operations due to union-led protected industrial action," a company spokesperson confirmed to Argus . "GPC has been engaged in contingency planning and is liaising with customers to minimise operational impacts while prioritising safety," the representative said. Five unions, representing hundreds of GPC workers, voted to authorise a range of strike actions, including unlimited work stoppages, last week. The current day-long stoppage does not involve all five of those unions, although the non-participating unions may engage in industrial actions over the coming days. The port of Gladstone is a major coal and LNG hub. Queensland exporters shipped 63.7mn t of coal and 23mn t of LNG out of the port in 2023, supporting the state's resource sectors. The Gladstone stoppage comes alongside day-long work stoppages at operator Qube's ports across Australia that began on 16 December. Maritime Union of Australia (MUA) workers last week decided that they would launch 24-hour stoppages at the ports of Kembla, Brisbane, and Darwin, on 16 December. These ports tend to handle grains, livestock, petroleum, and coal shipments. Qube is also expecting the MUA to shortly launch industrial actions at the ports of Dampier, Freemantle, Port Hedland, Bunbury, Geraldton, and Whyalla. The company's Port Hedland and Dampier facilities play a major role in supporting Western Australia's mineral sector, handling iron mined by most of the state's major miners. Union and GPC negotiators have been locked in discussions over the GPC Enterprise Agreement for months, unable to agree on wage and rostering proposals. Qube and the MUA similarly disagree over wage and employment condition proposals. By Avinash Govind Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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