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Copper: what are the factors for a continuation of the current rise in prices
Copper prices rose sharply after the Russian invasion of Ukraine, as disruption of trade routes and economic sanctions limited supplies. Immediately after the invasion, the price fell to $9,918/ton, but then, with the announcement of sanctions, the price rose to...
Ferrous scrap: Turkish imported scrap prices rise to all-time highs
Considering the ongoing trade tensions between Russia and Ukraine, prices of imported scrap in Turkey have risen to record highs. Moreover, supply has become difficult for exporters through the Black Sea. The sharp rise in raw material prices has led to a strong...
Iron ore: China expects a sharp increase in production by 2025
China plans to increase its iron ore production in overseas mines to 220 million tons by 2025, in addition to increasing domestic raw material supplies. According to Luo Tiejun, vice president of the China Iron and Steel Association, China aims to...
Honduras cancels environmental permits for mines
In a brief statement, the government reported that environmental permits for metal mining in Honduras will be cancelled, describing the industry as harmful and stating that it will specifically prohibit open-pit mining. The statement from the Ministry of Energy,...