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Iron ore: Australia cuts export revenue forecast for fiscal year 2023-24
According to the Australian Ministry of Industry, Innovation and Science’s quarterly report, Australia’s iron ore export revenues would be around A$100 billion in fiscal year 2023-24, down from the A$121 billion projected for fiscal year 2022-23 due to...
HRC steel: new upward cue for European market prices
In the week to Friday, March 31, the European hot rolled coil HRC steel market was characterized by sluggish demand and minimal activity, but on April 3, 2023, HRC Hot Rolled Coil – Northern Europe prices triggered an upward cue of +3.69 percent, returning to...
Steel: European market expects a disruption in coil supplies in April
Major supply chain disruptions are expected across the European coil complex in April and May due to the fires at ArcelorMittal in Spain and France and Tata Steel's force majeure at Ijmuiden in late February. This, combined with a significant reduction in coil...
Cobalt: Jervois halts project in Idaho due to price weakness
Shares of Australian battery metals company Jervois Global tumbled on Wednesday after the company announced it was halting final construction of its flagship Idaho Cobalt Operations (ICO) project in the US. The decision was prompted by weak cobalt prices and...