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Vale Announces $12.2 Billion Investment to Expand Iron Ore and Copper Operations in Carajás
The Brazilian mining company Vale is preparing to announce a massive investment of 70 billion reais (approximately $12.2 billion) to expand iron and copper extraction operations at the Carajás mining complex, located in northern Brazil. The news was released on...
The Revival of the Tía María Copper Mine in Peru: A $1.8 Billion Project for the Future of the Industry
After years of delays and controversy, Southern Copper, one of the world’s leading mining companies and a subsidiary of the Grupo México conglomerate, has announced the revival of the Tía María project, one of Peru’s most debated copper mines. The company aims to...
Steel and Aluminum in China: Resilience to US Tariffs and Outlook for 2025
Despite the 25% tariffs imposed by the United States, China’s steel and aluminum market has demonstrated remarkable adaptability. The measure, originally introduced by the administration of Donald Trump, does not appear to have had a significant impact on Chinese...
Europe’s Steel and Aluminum Crisis: Between U.S. Duties, Global Overcapacity and Falling Production
The U.S. decision to impose an additional 25 percent duty on steel and aluminum imports from the European Union has triggered concerned reactions from European institutions and industry representatives. European Commission President Ursula von der Leyen expressed her...