Inola, a small town east of Tulsa, is about to host a gleaming, power-hungry colossus: a primary aluminum smelter built from scratch, the first on U.S. soil since the early 1980s.

Aluminum climbed on concerns that critical supply routes for Middle Eastern producers will be disrupted by conflict in a region responsible for a significant share of global output.

Latrobe Magnesium (LMG) has achieved sustained magnesium oxide (MgO) production at its Hazelwood North demonstration plant in Victoria’s Latrobe Valley, marking a key milestone as the company advances toward first magnesium metal output later this year.

Eskom announced on Friday that it had extended an eleventh-hour 62c/kWh tariff offer to ferrochrome producers Glencore?Merafe Chrome Venture and Samancor

Chief executive officer Mike Henry has reaffirmed BHP’s iron ore supremacy, pointing to world-leading margins and superior cash generation.

After the holiday, the prices of calcium-based products have somewhat declined.

GLENCORE CEO Gary Nagle said he was confident Eskom will grant the group a 54% electricity tariff reduction before the end of February, a development that would enable the group to restart ferrochrome production.

GLENCORE has agreed to purchase nearly 2,000 tons of cobalt from industry veteran Rami Weisfisch in a deal worth close to $115m at current prices, said Reuters citing two sources with knowledge of the transaction.