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Grasberg, the Wounded Giant: Freeport to Declare Force Majeure and Cut Production Estimates
The news broke on September 24: Freeport-McMoRan declared force majeure at its immense Grasberg deposit in Indonesia, one of the largest copper and gold mines in the world. The announcement is shaking global commodity markets, as new estimates point to a production...
World Steel Production: August 2025 Marks a Slight Recovery
The World Steel Association (worldsteel) reported that global crude steel production recorded a slight increase of 0.3% year-on-year in August, reaching 145.3 million tons. This figure partially halts the negative trend of previous months, but is not enough to change...
China: Aluminum Imports Rise, But Exports Remain Under Pressure
China's unprocessed aluminum trade in 2025 paints a mixed picture: imports continue to grow, while exports remain hampered by tariffs, trade tensions, and uncertain international demand. In the first six months of the year, China imported 2.1 million tons of...
US: Steel Plate Prices Steady, But Demand Still Sluggish
The US carbon steel plate market closed Tuesday, September 23, unchanged, confirming a flat and lackluster trend. According to weekly estimates from Commodity Evolution, the price of carbon-grade cut-to-length plate, fob mill US, stood at $50/cwt ($1,000/short ton),...