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Stainless steel: production expected to reach 60 mln tonnes in 2023
MEPS predicts that global stainless steel production will reach 60 mln tons in 2023. Contributing significantly to this growth will be steel mills in China and Indonesia. India is likely to remain the third largest stainless steel producing country in 2023, but its...
Copper: reversal phase without affecting the medium-term bullish trend
The current reversal in copper prices is not affecting the medium-term bullish trend for the time being. After Peru’s main mines suffered a drop in activity in recent weeks due to supply blockades, protesters temporarily lifted the blockade of a key mining...
Rare earth: MP Materials bypasses China in supply agreement with Sumitomo
US rare earth producer MP Materials has signed an agreement with Sumitomo Corp. to supply the Japanese giant with key elements such as neodymium and praseodymium, helping the trading house bypass China in its EV rare earth supply chains. MP Materials, owner of the...
Ferrous scrap: incentives are needed to increase demand in the EU
Breaking myths and defining a new roadmap for decarbonising steel through recycling is the main title of a document published by the European Confederation of Recycling Industries (EURIC). The European recycling industry currently leads the world in steel recycling...