Industry
Metals
RNC Minerals gold strike in Western Australia sends stock soaring
Toronto – A doozy of a gold strike in Western Australia has sent shares of Toronto-based junior miner RNC Minerals soaring. The company says that over the last week it has pulled out 9,250 ounces of gold, worth some $15…
Vale completes billion dollar Sudbury smelter emissions reduction project
Vale Canada Ltd. says it has completed a billion-dollar project to reduce emissions at its Sudbury, Ont., smelter complex that has made the distinct ‘superstack’ chimney at the site obsolete. The company, a subsidiary of Brazil-based Vale S.A., says the…
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Klüber Lubrication Develops Lubricating Grease for Actuators
Klϋber Lubrication, has developed Klübersynth GR 46-52 F, a fully synthetic special lubricating grease for actuators in motor vehicles. Klübersynth GR 46-52 F has a specially tailored chemistry to promote compatibility with EPDM. Also, it helps save significant costs as an…
North American markets slide as metals take a hit amid trade angst
North American stock markets slipped slightly lower Thursday as metals took a hit amid trade uncertainty and the U.S. and China imposed tariffs on each other’s goods. Markets have been volatile but have traded in the summer on headlines, said…
U.S. to impose anti dumping duties of 24 per cent plus on Canadian made pipe
The United States has opened a new battleground in its trade war with the world, announcing preliminary anti-dumping duties on large-diameter welded pipe from Canada and five other countries. The U.S. is to immediately begin collecting 24.38 per cent cash…
Feds mulling safeguards to prevent ‘surge’ of cheap steel imports into Canada
OTTAWA – The federal government extended an olive branch of sorts to Donald Trump’s tough-on-trade White House on Tuesday as it began exploring how best to address industry concerns that U.S. tariffs are turning a trickle of foreign steel imports…
Import now to beat tariffs on goods from China? It will cost
New tariffs on imports from China may leave American companies with a choice – pay a higher freight bill now or pay the tariffs starting in three weeks. It can take several weeks for ship-borne cargo from China to reach…
Auto parts firm Magna plans electric vehicle joint ventures with Chinese company
Aurora, Ont. – Magna International Inc. says it will form two new joint ventures with a Chinese company to engineer and build electric vehicles. The Ontario-based auto parts company and Beijing Electric Vehicle Co. Ltd., a subsidiary of the BAIC…
U.S. steel tariffs prompt ADF to impose work sharing at Quebec plant
Montreal – ADF Group Inc. says uncertainty over U.S. steel tariffs reduced orders and prompted it to introduce work-sharing for employees at its Quebec plant. “Backlog growth is paramount to our success and unfortunately the uncertainty surrounding the steel import…
Leading metals distributor invests in automotive metals processing facility in Brantford, Ont.
Burlington, Ont. – Samuel, Son & Co., a leading metals distributor and industrial products manufacturer, today announced an $18 million investment in its Brantford, Ont., automotive metal processing centre. The expansion is expected to be completed by the fourth quarter…
Steelworkers ratify new contract with Moly-Cop AltaSteel
Edmonton – United Steelworkers (USW) Local 5220 members have ratified the tentative agreement reached with Moly-Cop AltaSteel Ltd. in Edmonton on May 27, 2018. The four-year agreement was accepted by 90% of the members voting at dual meetings yesterday. The…
Welding takes centre stage at FABTECH Canada 2018
Toronto – SME, FMA, AWS, PMA and CCAI, the producers and co-sponsors of FABTECH, have announced a larger traditional welding presence at FABTECH Canada, taking place June 12-14 at the Toronto Congress Centre. Leaders in the welding industry, including the Canadian Welding Bureau Group, ESAB Canada…
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Three causes of gearbox failure
In large gear reducers, parts – such as bearings and gears – can be pricey. Understanding gearbox failures can help mitigate downtime.
US factory production rose a healthy 0.5 per cent in April
Washington – U.S. factories cranked out more appliances, computers and aircraft last month, lifting manufacturing production for only the second time in five months. The Federal Reserve said Wednesday that factory output rose 0.5 per cent in April after a…
Federal and Quebec governments fund aluminum smelting breakthrough
Saguenay, Que. – The federal and Quebec governments are teaming up with a trio of corporate giants from the metals and tech industries to commercialize the world’s first carbon-free aluminum smelting process. Ottawa, Quebec and Apple Inc. are investing in…
Innovative manufacturer Verbom increases productivity
Sherbrooke, QC – The governments of Canada and Quebec have granted nearly $11 million in financial contributions to Verbom to support an investment project at its sheet metal processing plant in Sherbrooke. The project will help create around 100 jobs…
Canada is moving in to protect the industry in accordance with international rules
Montreal – The Canadian government announced new measures to prevent transshipment and diversion of metal in Canada. “This announcement demonstrates Canada’s leadership and commitment to the integrated North American aluminium supply chain, which benefits both Canada and the United States.…
Ritchie Bros. introduces Marketplace-E, a new way to buy and sell equipment
Vancouver – After a soft launch in late 2017, Marketplace-E is being introduced by Ritchie Bros. as its latest buying and selling solution. Complementing the company’s onsite unreserved auctions and online-only auctions through IronPlanet, Marketplace-E offers sellers increased control over…
Pace of U.S. factory growth slipped in March
Washington – U.S. manufacturers say they expanded at a slower pace in March. The Institute for Supply Management, a trade group of purchasing managers, reports that its manufacturing index slipped to 59.3 last month from February’s reading of 60.8, which…
Trump’s new senior economic adviser on NAFTA doesn’t mince words
Washington – U.S. President Donald Trump has appointed a blunt-talking booster of trade with Canada as his top economic adviser, giving the northern neighbour a high-profile new advocate at a sensitive moment in Canada-U.S. relations. Larry Kudlow is pro-NAFTA and…
