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Commodities: global race thrusts Africa into mining spotlight
The need to secure new sources of metals for the energy transition, amid sanctions against major producer Russia, has increased Africa's risk appetite for major miners, who have few alternatives to the resource-rich continent. Companies and investors are considering...
Steel: JSW Steel increases production by 22%
The Indian steel giant JSW Steel reported crude steel production for April 2022 at 1.667 mln tons, up 22% from 1.371 mln tons in April 2021, while production of flat-rolled products increased 25% year-on-year to 1.2 mln tons. Production of long rolled products grew 5...
Wire rod steel: prices drop in the Mediterranean/Black Sea under pressure from India and China
Wire rod prices in the Mediterranean and Black Sea region have fallen due to lower purchases from India and China and the broader downward trend in long products in global markets. Buyers in Europe have recently imported large volumes of Indian wire rod. The last...
Coal: China prepares new moves to secure its supply
China should strengthen efforts to safeguard the balance between coal supply and demand amid its broader pursuit of further improving energy supply and optimizing the energy mix. ' Rising coal prices in international markets and the approaching summer, which usually...