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Nickel: US and Philippines aim for agreement to reduce Chinese dominance
The United States and the Philippines are discussing how to prevent China from dominating nickel processing in the South-East Asian country, a key supplier of this key metal for electric vehicle batteries. One of the measures under consideration is a trilateral...
Acciaierie d’Italia aims for 6 million tonnes of crude steel in the coming years
Acciaierie d'Italia is aiming for 6m tonnes of crude steel production at the largely closed plant by 2027. The commissioners told union officials on 29 April that they will build two electric arc furnaces with a capacity of 2 mln tons per year of liquid steel starting...
Steel: ArcelorMittal still expects demand growth of 3-4% this year, excluding China
ArcelorMittal, the world's second-largest steel producer, reiterated that it expects global steel demand growth outside of China of 3-4% this year, after reporting first quarter results above analysts' expectations. Economic sentiment seems to have bottomed out, and...
Aluminium: LME asks manufacturers to disclose carbon emissions by 2025
On 1 May 2024, the London Metals Exchange (LME) launched a consultation process requiring manufacturers of aluminium brands, eligible for delivery under its contracts, to provide carbon emissions data by March 2025. The aim is to synchronise the aluminium market with...