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Steel: global production down 6.8% year-on-year
Global crude steel production fell 5.8% year-on-year in March to 161 million tonnes, bringing total production for the first quarter of 2022 to 456.6 million tonnes, down 6.8% from the same period in 2021.However, global production in March was 13% higher than...
Palm oil: Indonesian and Malaysian exports soar
Higher demand for palm oil could lift Indonesian and Malaysian exports and bring down stocks, supporting prices, which have already risen 38% in 2022, as the war in Ukraine disrupted supplies of sunflower oil. Palm oil has become profitable for refiners because it is...
Aluminium: strong rise in Chinese exports
Chinese exports of “Unwrought aluminium and aluminium products” rose sharply in March 2022. Exports amounted to 594,361 tons, approaching the highs recorded in January this year. The increase on a monthly basis was +41.18% while on a yearly basis the...
Lithium: Mexico nationalises mining
Mexico has officially nationalised its lithium industry after the Senate approved with 87 votes in favour, 20 against and 16 abstentions the mining reform proposed by President Andrés Manuel López Obrador, which gives the state exclusive rights to the battery metal....