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Rare earth: Thyssenkrupp signs MoU with Ucore Rare Metals
Global commodities and materials trader Thyssenkrupp Materials Trading has signed a memorandum of understanding to purchase rare earth carbonate from Ucore Rare Metals, a Canada-based developer of rare earth processing projects. Thyssenkrupp Materials Trading, a...
ArcelorMittal acquires 80% of US-based Voestalpine’s HBI plant
ArcelorMittal has announced that it has signed an agreement to acquire an 80% interest in Voestalpine's Hot Briquetted Iron ("HBI") plant, located in Corpus Christi, Texas. Voestalpine will retain the remaining 20%. The transaction values the Corpus Christi operations...
Steel: German stocks fall as sales rise
German steel product inventories fell in March, while sales increased, indicating growing market demand. The country's steel product inventories fell to 2.23 million tonnes in March, down 1.79% from 2.27 million tonnes in February, but above the 2021 monthly average...
Titanium: Boeing, Airbus and Rolls-Royce looking for new suppliers
As the situation in Ukraine worsens, European and American countries have initiated several rounds of sanctions against Russia. Several manufacturers, including Boeing, Airbus and Rolls-Royce, are looking for new suppliers of key raw material titanium to hedge the...