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Iron ore: price drops on Chinese economic slowdown
The price of iron ore fell Monday on signs of continued economic weakness in China. The drop came despite a surprise easing of monetary policy by China's central bank and also weighed on other steelmaking inputs in Dalian and steel futures in Shanghai. Iron ore in...
Rare earth: U.S. bill would prevent their use by defense contractors
A bipartisan piece of legislation introduced in the U.S. Senate Friday would force defense contractors to stop buying rare earths from China by 2026 and use the Pentagon to create a permanent stockpile of the strategic minerals. The bill is the latest in a series...
Copper and aluminum: Indonesia’s export ban could support prices
Indonesia has already made headlines for its nickel and coal export bans, but last week President Joko Widodo reiterated plans to ban exports of copper concentrate and bauxite - the latter starting in 2022. The country hopes banning exports will encourage more...
Lithium: Soaring prices become a problem for EV manufacturers
Electric vehicle (EV) manufacturers and suppliers could be facing a major cost problem starting this year, as lithium prices for batteries are set to skyrocket. Prices for the metal are already trading at a record high of $35 per kilogram in Asia, and will likely...