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India: how the 2024 elections could impact the major steel and metals markets
India's ambitious growth plans, which require continued investment in infrastructure, are expected to fully support the country's demand for metals. Regardless of the outcome of India's current elections, no major political changes are expected as India seeks to...
LME Metal Exchange closed
Today, Monday 27 May 2024, the London Metal Exchange (LME) will be closed for Bank Holiday. Trading will resume as normal tomorrow, Tuesday 28 May 2024. You are unauthorized to view this...
HRC Steel: Coil Prices in Europe. Weak demand does not stimulate rebounds
The European hot rolled coil (HRC) steel market is at a standstill. Despite expectations of a price recovery, insufficient demand kept prices stable on 23 May. This phenomenon can be observed not only in a general stagnation of prices, but also in the difficulty of...
Nornickel plans to build a PGM refinery in Bahrain
Russian metals giant Nornickel is planning a joint project to build a platinum group metals (PGM) refinery in Bahrain. Nornickel is the world's largest producer of palladium and a major producer of platinum, accounting for 41% and 12% of global mining output...