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Steel: EU exports fell by 8% in January-April
According to the third quarterly report Economy and Steel Markets Outlook 2023-2024/2023 published by the European Steel Producers Association (EUROFER), total EU steel exports fell by 8% in the first quarter of this year compared to the previous year. In the same...
Lithium: Zimbabwe targets No. 5 position due to increased capacity from Chinese investors
Chinese investors vying to secure lithium supplies could help Zimbabwe become the world's fifth largest producer of the key material for battery electric vehicles and the green revolution. The lithium industry in Africa's top producer has expanded rapidly, buoyed by...
Copper: Chilean Cochilco cuts its price forecasts for 2023
The Chilean Copper Commission (Cochilco) lowered its forecast for the average copper price in 2023 to $3.85 per pound ($8,500/mt) on Wednesday amid concerns over international economic performance. "The adjustment in copper price forecasts for this year is due to...
Steel: ArcelorMittal cuts demand forecast beating profit expectations
ArcelorMittal, the world's second-largest steel producer, on Thursday lowered its forecast for steel shipments this year after posting a better-than-expected second-quarter profit. The group said global steel demand, excluding China, is expected to grow by 1%-2% this...