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EU cuts economic growth forecast for 2024, inflation remains under pressure
According to the European Commission's winter economic forecast for 2024, economic growth expectations for this year have been reduced compared to the autumn report and inflation has been revised downwards. For 2023, GDP growth forecasts for the EU and the euro area...
Crude steel: production in Italy increased by 5.9 per cent in January
According to data released by Federacciai, January was a positive month for Italy in terms of crude steel production. In the month in question, the country's crude steel production stood at 1.64 million tonnes, up 5.9 per cent year-on-year. The country's crude steel...
Aluminium: Norsk Hydro sounds alarm bells amidst the collapse of the construction sector
In a warning that echoes the echoes of the COVID-19 crisis, Norsk Hydro, Europe's largest aluminium producer, reveals a significant downturn in the construction sector in some of the continent's major countries. The company indicates a 50 per cent drop in demand for...
Uranium: hedge funds increase physical trading activity
The investment banks Goldman Sachs and Macquarie, as well as some hedge funds, are positioning themselves to reap the benefits of a buoyant uranium sector again, following the rise in prices of the nuclear fuel ingredient. While many other investment banks continue to...