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Global Long Steel Market Under Tension: Between US Tariffs and Asian Pressure
The global market for long steel products—which includes bars, beams, sections, and wire rod—is experiencing a structural deterioration, with a growing imbalance between supply and demand. An already fragile environment was further exacerbated by a sudden and...
Chile Raises Alarm Over US Copper Tariffs: Boric Awaits Clarification From Washington
Chilean President Gabriel Boric said Wednesday that his government is still awaiting official communication from the United States regarding President Donald Trump's proposed 50% tariff on copper imports. "Right now, we are waiting for formal communication from the...
Growing Interest in Indonesia’s FOB P1020 Aluminum Price
With Indonesia's primary P1020 aluminum production expected to increase in the coming months, traders and analysts are showing growing interest in a FOB (Free on Board) valuation from Indonesian ports. Although the CIF Japan (MJP) index continues to be widely used...
South32 Abandons Nickel: Cerro Matoso Sold to CoreX for $100 Million
Australian mining giant South32 announced on Monday, July 7, the signing of a binding agreement for the sale of its sole nickel asset: the Cerro Matoso ferronickel mine in Colombia. The buyer is Netherlands-based CoreX Holding, which will acquire the operation for up...