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Nickel: global demand to rise to 3.02 million tonnes in 2022
Global nickel demand is expected to increase to 3.02 million tonnes in 2022 from 2.78 million tonnes in 2021, according to the International Nickel Study Group (INSG). Global nickel production is expected to rise to 3.08 million tonnes in 2022 from 2.61 million tonnes...
Aluminium: Hydro Energi enters into a contract with Hafslund Eco Vannkraft AS for the supply of energy
According to a recent report, Hydro Energi AS, part of the power generation, transmission and distribution industry, has entered into a new long-term power purchase agreement (PPA) with Hafslund Eco Vannkraft AS for a supply of 1300 GWh during 2023-29. The PPA will be...
Iron ore: price back above $130 with China’s support
Iron ore led gains among industrial metals Wednesday as China promises to use more monetary policy tools to stimulate the economy, brightening the outlook for commodity demand. Singapore futures rose more than 3% to more than $130 a tonne. Dalian iron ore jumped...
Outlook on the €/$ exchange rate
The €/$ exchange rate represents the exchange rate of the euro in US dollars, i.e. the value of a euro in US dollars (USD). It is the most widely traded financial instrument in the world and it changes freely in a flexible exchange rate system, following supply and...