MX Holdings, Century Aluminum Form JV To Manufacture And Market Low-carbon Secondary Billet

RTTNews | 538 hari yang lalu
MX Holdings, Century Aluminum Form JV To Manufacture And Market Low-carbon Secondary Billet

(RTTNews) - MX Holdings and aluminum producer Century Aluminum Co. (CENX), on Wednesday have entered a Memorandum of Understanding to establish a new joint venture focusing on the manufacture and marketing of low-carbon secondary billet.

This JV will deliver expertly engineered and technically advanced alloys, composed of increasingly high levels of recycled content produced with low-carbon processes.

In addition to the joint venture's offering, the companies plan to continue to produce billet at its existing, wholly owned Pennex facilities. Each company will produce various alloys to meet specific customer needs.

The JV expects to begin initial production in 2026, ultimately scaling output to 250 million pounds per year. This new venture will be the largest American-owned secondary billet supplier, worldwide.

The leadership team is currently considering several locations for the facility in the Ohio Valley region.

read more
Australia GDP Growth Accelerates In Q2

Australia GDP Growth Accelerates In Q2

The Australian economy expanded at a faster pace in the second quarter after severe weather events damped activity in the preceding quarter, data from the Australian Bureau of Statistics revealed on Wednesday. Gross domestic product growth doubled to 0.6 percent in the June quarter from 0.3 percent in the March period. The rate also exceeded economists' forecast of 0.5 percent.
RTTNews | 36 minit yang lalu
China Service Sector Growth Improves In August

China Service Sector Growth Improves In August

China's service sector growth accelerated in August driven by the strong upturn in new orders, survey data from S&P Global showed on Wednesday. The headline RatingDog services Purchasing Managers' Index rose unexpectedly to 53.0 in August from 52.6 in July. Economists expect the indicator to fall to 52.4. The rate of increase was the fastest seen since May 2024.
RTTNews | 44 minit yang lalu
European Economic News Preview: Eurozone Final Composite PMI Data Due

European Economic News Preview: Eurozone Final Composite PMI Data Due

Final composite purchasing managers' survey results from the euro area and the UK are due on Wednesday, headlining a light day for the European economic news. At 3.15 am ET, S&P Global publishes Spain's composite and services PMI survey data. The services PMI is expected to fall to 54.4 in August from 55.1 in the previous month.
RTTNews | 1j 14min yang lalu
European Shares Seen Up In Cautious Trade

European Shares Seen Up In Cautious Trade

European stocks are seen opening slightly higher on Wednesday as bond yields stabilized after a spike overnight and a federal judge ruled against breaking up Google, fueling optimism that tech giants will be able to weather regulatory threats.
RTTNews | 1j 51min yang lalu
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Wednesday, adding to the losses in the previous three sessions, with the benchmark S&P/ASX 200 falling well below the 8,900 level, following the broadly negative cues from Wall Street overnight, with weakness in financial and technology stocks partially offset by gains in mining stocks.
RTTNews | 3j 31min yang lalu
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Wednesday, following the negative cues from Wall Street overnight, as traders remain cautious amid renewed uncertainty among various nations trading with the US, many of which have concluded tariff deals, after a US Appeals Court ruled that US President Donald Trump's "reciprocal tariffs" are illegal. Asian markets closed mixed on Tuesday.
RTTNews | 3j 34min yang lalu