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HRC Steel: Coil Prices in Europe. Weak demand does not stimulate rebounds
The European hot rolled coil (HRC) steel market is at a standstill. Despite expectations of a price recovery, insufficient demand kept prices stable on 23 May. This phenomenon can be observed not only in a general stagnation of prices, but also in the difficulty of...
Nornickel plans to build a PGM refinery in Bahrain
Russian metals giant Nornickel is planning a joint project to build a platinum group metals (PGM) refinery in Bahrain. Nornickel is the world's largest producer of palladium and a major producer of platinum, accounting for 41% and 12% of global mining output...
Carbon: Vietnam accelerates domestic market development to tackle CBAM
Vietnam has accelerated the development of the carbon market by allocating emission allowances to the electricity, steel and cement industries from 2025, making it easier for these industries to cope with the EU's Carbon Border Adjustment Mechanism (CBAM), and...
Cobalt: National Food and Strategic Reserves Administration aims to purchase up to 15,000 tons
China plans to purchase up to 15,000 tons of cobalt metal from local Chinese producers in the coming months for domestic stocks, a record amount for a single purchase. The planned purchase would represent a significant increase since, last year, the National Food and...