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Growing Concern over Rising Steel Imports to India
It seems that all the fears expressed by Indian steel producers (and politicians) are coming true. There seems to be no way to stop the influx of cheap steel into domestic markets, a problem that continues to cause great agony for India's leading steel producers....
Vale Base Metals: A New Mining Chapter in Stobie, Ontario
Vale Base Metals is set to open a new open-pit mine at the historic Stobie mine site in Sudbury, Ontario. This project represents a significant investment of C$205 million ($149 million) planned over the next four years. The initiative marks an important step not only...
CrowdStrike IT Outage: Global Impacts on Flights and Shipments
The recent CrowdStrike update caused a massive disruption of IT systems, leading to the delay or cancellation of thousands of flights worldwide over the weekend. Airport and airline systems were affected, leaving passengers stranded and creating a huge backlog to deal...
Norsk Hydro: Declining Profits Despite Rising Alumina Prices
Norwegian aluminium producer Norsk Hydro on Tuesday reported an 18% drop in core profits for the second quarter to NOK 5.84 billion ($533.09 million), due to lower volumes and margins despite higher alumina prices. Adjusted earnings before interest, taxes,...