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Iron ore: prices have started a sharp correction phase
After opening the year at levels even higher than last year's high of close to $144/mt CFR China, iron ore prices have entered a sharp correction phase since the end of January. Compared to the peak at the beginning of the month, the price of iron ore with an iron...
Steel: Brazilian government increases duties on rebar and tube imports
Brazil's Ministry of Development, Industry, Trade and Services announced on 8 February a change in import tariffs for five product groups in the steel sector, including rebar and pipes, with a 10% increase from the current tariff of 10.8%. The decision partly meets...
Sales of electric vehicles in China fell sharply in January
According to the China Association of Automobile Manufacturers (CAAM), sales of new energy vehicles in China reached 729,000 units in January, marking a sharp decline of 39 per cent on the month. CAAM considers pure electric and hybrid vehicles as new energy vehicles....
Copper: Anglo American increases production by 24%
Global miner Anglo American reported a 24% increase in copper production last year to 826,000 metric tonnes, down from the previously forecast 830,000-870,000 tonnes. The company left its copper production forecast for 2024 at 730,000-790,000 tonnes. Market...