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Iron ore and carbon coke: Fitch raises price forecasts for 2023
The international rating agency Fitch Ratings announced that it has raised its forecast for iron ore prices for 2023, while keeping coking coal prices unchanged. According to the report, expectations for iron ore prices in 2023 increased from $100/tonne to $105/tonne,...
Tin: Gerald Group’s oncentrate bought in Brazil turns out to be sand
The Gerald Group, one of the world's largest metal traders, has purchased cargoes in Brazil that were supposed to contain at least 1,250 tonnes of tin concentrate and instead turned out to be sand. Sources have reported that Gerald has shipped at least 50 containers...
HRC steel: European importers exhaust the safeguard quotas
European importers of hot rolled steel (HRC) have increased their activity in recent months, thanks to the favourable price differential between imports and domestic EU offers, by exhausting second quarter safeguard quotas for HRC imports. As of 19 June, the second...
Companies invest in EV battery factories in Europe
Europe is trying to attract electric vehicle (EV) battery manufacturers to build factories in the region, as the bloc - home to carmakers such as Volkswagen and Stellantis - seeks to reduce its dependence on Asia and win a green subsidy race with the US. Below is an...