GLG News by Mining Experts

GM's global purchasing director says that commodity price increases are driving him to seek to substitute magnesium for aluminum and plastic for steel. Does he or anyone under his management at GM have any idea what they're saying on this topic? 

The Russian State has regained its self-esteem under the rule of Vladimir Putin, and the result is that his approval ratings within Russia make him invincible there. Putin does not believe in free market capitalism or the global economy when it comes to the control of domestic natural...

We endlessly now hear from employees of the OEM automotive companies and of their tier one (direct) suppliers that lithium technology batteries are 'on track' in their development, and that they will soon replace nickel metal hydride batteries for use in hybrids, plug in hybrids,  and/or battery...

ArcelorMittal would seem to be taking an enormous political risk with its capital in trying to acquire a very large Russian coal field as a source of coking coal perhaps for its European and certainly for its southeast Asian (Korea and Japan) operations and customers.

GM has been using much less of the platinum group metals in its catalytic converters than Mazda, Toyota, Nissan, or most other OEM automotive companies for years, so what's the big deal, and, more to the point, why announce this at all now?

General Motors negotiated an excellent deal, for General Motors, with the UAW, and both GM's and the UAW's top leadership hoped that it would be a pattern agreement. However the larger number of metropolitan Detroit-area located UAW workers at Chrysler and Ford facilities are already showing signs...

Steel Dynamics is dependent on scrap metal as a feedstock for its minimills. OmniSource is under competitive attack on its home turf from regional and national conglomerates. This was a good move for both companies, but it will reduce the effectiveness of OmniSource as an independent broker.&n...

The battery pack in a hybrid vehicle takes the place of a high performance engine in the economic valuation of the vehicle's depreciation. Additionally the battery pack will bring with it a disposal charge as well as a true amortization charge based on its remaining life. No one has yet taken this...

If the details that have so far leaked out about the UAW's (pattern) agreement with GM then Ron Gettelfinger, the UAW CEO, may have well sold out his 'membership' in the long term for a handful of silver now. It will be, of course, the retirees who must pay for this mistake, if mistake it is, not the...

General Motors, Ford, and Chrysler all made the same mistake in 1997: They failed to see any consequences for themselves from a Japanese carmaker's introduction of a new power train technology especially since it was based entirely on American technology. The then Big Three decided that Toyota...