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Expected recovery in demand could dampen China’s steel oversupply
China’s oversupplied steel market may soon find some relief as the downward trend in demand is expected to end in the short term. China’s daily pig iron production reached a record high in April, at a time when the market faced tepid demand, keeping steel...
Shanghai will be leaving the lockdown on June 1, 2022
With the official announcement of Shanghai’s exit from the bloc, China is providing a major economic stimulus that is likely to affect not only domestic but also global demand. Chinese officials have confirmed that Shanghai, with a population of more than 25...
Steel: Zaporizhstal targets Polish demand
Ukraine’s Zaporizhstal steel mill, partly owned by Metinvest, has started production of a new type of hot-rolled coils for Polish customers. According to Ukrainian media reports, Polish customers have ordered HRCs weighing at least 9 tons each. Previously, to...
Copper: massive supply needed for electrification of global economy
Robert Friedland, founder and co-president of Ivanhoe Mines reported at the Investing in African Mining Indaba 2022 on May 11 that to maintain 3.5 percent GDP growth, without considering electrification of the global economy, more than 700 million tons of copper will...