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Nickel: supply risk with potential export tax Philippines
The Philippines, the world’s second-largest nickel supplier, could tax nickel exports, following neighbouring Indonesia, thus increasing uncertainty over supply as the market adjusts to the wave of new demand for electric vehicles. The Southeast Asian nation is...
Crude steel: world production falls 10.8% in December
The World Steel Association (Worldsteel) announced that world crude steel production fell by 10.8% year-on-year to 140.7 million tonnes in December last year. For the year as a whole, world crude steel production stood at 1.83 billion tonnes, down 4.3% year-on-year....
Aluminium: stocks still at low levels
As with many base metals, prices rose in early January, with aluminium stocks remaining at their lowest levels. Although it is true that China's increase in aluminium export taxes may have affected aluminium prices, the market has seen rather volatile conditions since...
Metal crap: German association VDM denounces EU regulation once again
The Berlin association Verband Deutscher Metallhändler und Recycler e. V. (VDM) has once again denounced a proposed EU regulation that will make international trade in scrap metal more difficult. In mid-January, the European Parliament voted by a majority to adopt a...