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Steel: Germany reduces production in the first quarter
German steel mills' crude steel production in the first three months was 9.8 million tonnes, 3.7% lower than in the first quarter of 2021. In the first quarter of 2021, the steel industry started to recover from the low of the first wave of coronavirus in 2020. Q1...
Palm oil: Indonesian and Malaysian exports soar
Higher demand for palm oil could lift Indonesian and Malaysian exports and bring down stocks, supporting prices, which have already risen 38% in 2022, as the war in Ukraine disrupted supplies of sunflower oil. Palm oil has become profitable for refiners because it is...
Copper: Los Pelambres expansion to cost Antofagasta more than expected
Chilean miner Antofagasta has reported that the ongoing expansion of its flagship Los Pelambres operation at home will cost $2.2bn, up from the previous estimate of $1.7bn. The revised figure represents a 30% increase from estimated costs in 2021 and a 70% jump from...
Aluminium: strong rise in Chinese exports
Chinese exports of “Unwrought aluminium and aluminium products” rose sharply in March 2022. Exports amounted to 594,361 tons, approaching the highs recorded in January this year. The increase on a monthly basis was +41.18% while on a yearly basis the...