Alcoa to Curtail Output at Australian Alumina Plant to Cut Costs

Alcoa Corp. plans to fully curtail production this year at one of its three Western Australian refineries as the top US aluminum producer begins to reckon with cost-cutting measures.

US Claims Huge Chunk of Seabed Amid Strategic Push for Resources

The US extended its claims on the ocean floor by an area twice the size of California, securing rights to potentially resource-rich seabeds at a time when Washington is ramping up efforts to safegu...

Energy Transfer Accused of Boxing Out Louisiana Pipeline Rivals

A natural gas pipeline developer is accusing Energy Transfer LP of “anticompetitive” behavior after the company denied three projects from crossing its pipelines in Louisiana, sparking a legal battle...

El Niño Nears Historic Intensity With Threat of Weather Havoc

El Niño is threatening to become one of the most intense events of its type in history as the weather pattern approaches its peak strength in the coming weeks.

Bank Bonuses Climb 9% in Canada, at Odds With Bay Street Blues

Canada’s largest banks set aside 9% more on average for bonuses in fiscal 2023 than they did a year earlier, with increases at all six companies despite a broadly disappointing year for dealmaking.

Five Key Charts to Watch in Global Commodity Markets This Week

Drought has made the Panama Canal a chokepoint for the flow of the world’s most important commodities. Oil’s rally toward $100 a barrel has faced a setback, with some citing better-than-expected oil...

Five Key Charts to Watch in Global Commodities This Week

The world’s top gold executives are converging on Denver this week, energy executives from across the globe are gathering in Calgary and climate experts and policymakers are taking over New York....

The US Is Losing the Corn-Exporting Crown

Latin America’s biggest country shipped more of the staple crop overseas in the 2023 season, and it’s on track to do it again in 2024.

Race for Speedier Lithium Is Underway From Arkansas to Argentina

Dozens of firms aim to prove skeptics wrong as they push ahead with new lithium extraction methods.

Lundin Mining Sees Management Exodus Amid Head Office Move

Lundin Mining Corp. is facing a wave of leadership departures as the Toronto-based miner navigates a return to its Vancouver roots.

Veritas Is Considering Takeover Offer for BlackBerry

Private equity firm Veritas Capital is considering a potential offer for BlackBerry Ltd., according to people familiar with the matter, after the once iconic Canadian technology company announced a...

Chile Vows Flexibility to Lure Investment Into Lithium Riches

NRA-Style Politics Transformed Canada’s Gun Culture — and Shootings Rose 869%

A third of guns used in Canadian crimes and then traced by authorities were legally imported from the US. That’s three times the global average.

Steelworkers Union Reiterates Vow to Exclusively Back Cliffs in US Steel Deal

The United Steelworkers are making it clear that the union exclusively supports Cleveland-Cliffs Inc.’s bid to buy United States Steel Corp.

Five Key Charts to Watch in Global Commodity Markets This Week

A year ago this week, US President Joe Biden signed into law the landmark Inflation Reduction Act, pouring hundreds of billions of dollars into efforts to respond to the climate crisis and boost the...

Texas Oil Executives Net $122 Million in Bankruptcy-to-Exxon Journey

About three years after Texas oil producer Denbury Inc. emerged from bankruptcy, four top executives are set to collect the final installment of a $121.5 million post-reorganization pay deal that...

Barrick CEO Sees Few Good Deals Despite Mining’s M&A Revival

Barrick Gold Corp. won’t be pressured into making any major acquisitions even as its rivals pursue a flurry of dealmaking in the mining industry, Chief Executive Officer Mark Bristow said.

National Bank to Buy Silicon Valley Bank’s Canadian Portfolio

National Bank of Canada’s deal for Silicon Valley Bank’s Canadian commercial loan portfolio will give it more exposure to higher growth industries and still leave the Montreal-based lender with...