Metals
Stelco makes no net profit in Q3 as revenues drop 23%
Revenues were $475 million, down from $619 million in the third quarter of 2018.
Glencore to close Brunswick lead smelter, 420 jobs lost
Losing money since the 2013 closure of the nearby Brunswick Mine, which produced zinc and lead.
China’s Jingye comes to the rescue of British Steel
Rescue deal potentially protects some 4,000 jobs and safeguards a strategic asset as Britain prepares to leave the EU.
BC should demand miners pay cleanup costs up front: Study
Rules review to ensure taxpayers aren’t stuck with the costs of cleaning up or caring for abandoned mines.
Why Trump tariffs haven’t revitalized American steelmakers
Raised costs for steel users and has done little to blunt China’s dominance of global steel production.
US dismisses trade beef against two Quebec steel makers
…but will determined pricing of fabricated steel from China and Mexico to be unfair, tariffs levied.
Heico gets $18M federal funding to diversify product mix
Company is investing $50.7 million in three facilities, creating 86 jobs.
Stelco Holdings Q2 revenue down on lower prices, market challenges
Steelmaker cites destocking, falling market prices and the 232 tariffs imposed by the US.
Chinese billionaire indicted in US aluminum import scheme
Charged with conspiracy, wire fraud and international money laundering.
Sheet metal processor gets $365,000 CED funding for productivity
Repayable loan will be used to purchase and install digitally controlled production equipment.
Alberta government looking to speed up job accreditation for foreign workers
Manitoba, Ontario and Nova Scotia already have similar laws.
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Alcoa gets $10M from feds for a Quebec aluminum plant
Part of an $85 million investment in cutting-edge technology that will increase lower cost aluminum production.
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Burloak Technologies additive centre of excellence is operational
Provides customer projects with a range of capabilities from engineering to production.
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China dangles a new threat in trade war: rare earth minerals
Beijing says it could cut US off from exotic minerals widely used in electric cars and mobile phones.
Canadian retaliatory tariffs lifted as US kills steel-aluminum penalties
More than 70 other US products including licorice, coffee, sleeping bags and ketchup.
