Loading
Crude steel: production falls 5.1% in May
World crude steel production of the 63 countries belonging to the World Steel Association (worldsteel) was 161.6 million tonnes (Mt) in May 2023, down 5.1% from May 2022. Africa produced 1.3 million tonnes in May 2023, an increase of 18.6% compared to May 2022. Asia...
Aluminium: prices hovering between Russia’s problems and LME
Aluminium prices still do not have enough strength to form a bearish or bullish trend, as quotations have not yet broken out of range significantly, there is no clear trend and the market remains highly volatile. The LME continues to have a Russian problem. After a...
Lithium: India considers a mining royalty of 3% of the LME price
The Indian federal government plans to set the royalty rate that mining companies must pay for lithium extraction at 3% of the prevailing London Metal Exchange (LME) price. India, which is exploring ways to secure supplies of lithium – a key raw material used to...
Rare earths: US Ambassador to Malaysia Kagan sees potential in critical minerals
Candidate for the post of next US ambassador to Malaysia Edgard Kagan said Tuesday he sees potential for the US to expand cooperation with the Southeast Asian country in diversifying supply chains for rare earths and other critical minerals. Edgard Kagan, a career...