Ivanhoe Electric’s High Profile at Minerals Forum
Ivanhoe Electric, an advanced mineral and electric metals exploration company, is making waves with its presence at the Future Minerals Forum. The company’s Executive Chairman, Robert Friedland, is set to deliver a keynote presentation at the forum, scheduled to take place on Jan.10 at the King Abdulaziz International Conference Center in Riyadh, Saudi Arabia. Moreover, President and CEO Taylor Melvin will contribute to a panel discussion focusing on building a robust and resilient mineral supply roadmap. Ivanhoe Electric’s Typhoon geophysical surveying system will also be showcased and utilized to support its joint venture with Saudi Arabian Mining Company Ma’aden.
Cleveland-Cliffs’ Strong Market Stand
Cleveland-Cliffs Inc., the largest flat-rolled steel producer in North America, is flexing its market muscle by announcing an increase in spot market base prices for all of its carbon hot-rolled, cold-rolled, and coated steel products. With the minimum price for hot-rolled steel now set at $1,150 per net ton, the company’s competitive spirit is evident in its pricing strategy.
Olympic Steel’s Strategic Leadership Move
The national metals service center, Olympic Steel Inc., is experiencing a strategic change in leadership as it promotes Zachary J. Siegal to the newly-created role of president of Manufactured Metal Products. In this capacity, Siegal will lead Olympic Steel’s Manufactured Metal Products business group. The company’s President and Chief Operating Officer Andrew S. Greiff sees this promotion as a significant milestone in Olympic Steel’s history, marking a period of growth and diversification into manufactured end-use products.
TMC’s Support for Exploration Act
The Metals Company Inc. (TMC), involved in exploring undeveloped sources of critical battery metals, has welcomed the 2024 National Defense Authorization Act signed into law by President Joe Biden. The act mandates the Department of Defense to evaluate the processing of seafloor polymetallic nodules as a potential source of essential battery metals and submit a report by March 1, 2024. This proactive action aligns with Congressional calls to strengthen the supply chains of rare earth and critical minerals crucial for American auto and battery industries under the Inflation Reduction Act.
