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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,...
Aluminum: Russia-Ukraine conflict drives aluminum price to a new high
The rally in the global benchmark aluminum price reached a record high last week. On Thursday, Feb. 24, the LME aluminum price reached 13-year highs at $3,519 per ton as the Russia-Ukraine conflict fueled concerns about global supply of the metal. However, on Friday,...