Tag: Spain

BusinessEnergy

Iberdrola Explored Strategic Options for Scottish Power Retail Arm Amid UK Energy Sector Shifts

The Spanish parent company of Scottish Power has reportedly explored strategic options for its UK retail energy business. Sources indicate Iberdrola held discussions about potential combinations as the sector grapples with record consumer debts and market consolidation.

Energy Giant Explored Retail Unit Options

Iberdrola, the Spanish energy conglomerate that owns Scottish Power, has reportedly held discussions with sector rivals about potential deals involving its UK retail energy business, according to sources familiar with the matter. The talks, which began earlier this year, excluded Scottish Power’s networks and electricity generation operations but did not progress to a formal deal process.

by Michael Turner
International Business and TradeManufacturing

Japan, Spain, South Korea Issue Joint Warning Over Unsustainable Copper Processing Fees

Three major copper-importing nations have issued a rare joint statement expressing deep concerns about plummeting copper processing fees. The warning comes as smelters worldwide face negative charges in some spot deals, forcing them to pay miners for processing services.

International Concern Over Copper Market Dynamics

According to reports from Reuters, the industrial ministries of Japan, Spain, and South Korea have taken the unusual step of issuing a joint statement expressing serious concerns about the sustainability of current copper treatment and refining charges (TC/RCs). The three nations, all significant importers of copper concentrate with domestic smelting operations, warned that the current market environment prevents sustainable development for both smelters and miners.

by Jessica Moore P.E.