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Steel: Metinvest declares force majeure on existing contracts
Ukrainian steel major Metinvest has declared force majeure due to Russia's invasion and entry into force of martial law, with military blockade of ports and threat of destruction of land infrastructure. The integrated steel major, which produces more than 40 mln...
Steel: prices in China break 2-week highs on Russia-Ukraine supply risks
Steel futures in China, the world's largest producer of the building material, rose to their highest in more than two weeks Wednesday on hopes that the Russia-Ukraine conflict will boost demand for Chinese steel abroad. Russia, which is facing an unprecedented wave of...
Iron ore: price rises as Russia-Ukraine conflict fuels supply concerns
Iron ore prices rose Monday on concerns that a prolonged armed conflict between Russia and Ukraine could curb global supply. The most-traded May iron ore contract on the Dalian Commodity Exchange in China ended daytime trading 2.7% higher at 705.50 yuan ($111.82) a...
Honduras cancels environmental permits for mines
In a brief statement, the government reported that environmental permits for metal mining in Honduras will be cancelled, describing the industry as harmful and stating that it will specifically prohibit open-pit mining. The statement from the Ministry of Energy,...