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Iron ore: Turkish imports fell by 39.9 per cent in January-April
According to data provided by the Turkish Statistical Institute (TUIK), Turkish iron ore imports amounted to 418,343 tons in April this year, down 34.9% from the previous month and 66.2% from the same month in 2022. The value of these imports was $61.90 million, down...
Batteries and electric motors: Fortescue expands UK production with new plant
Australian company Fortescue Metals is expanding its battery and electric motor manufacturing operations in the UK with a new plant in Oxfordshire. The Banbury plant will open in 2024 and will operate alongside Fortescue's other plants in Oxfordshire, including the...
Aluminum: China’s May production was largely unchanged from a year earlier
China's primary aluminum production in May increased only slightly from a year earlier, according to data released Thursday, as output in most regions remained stable, while production growth was limited by the prolonged power outage in the southwestern province of...
Copper: Glencore concludes sale of its CSA mine
Glencore announced Friday that it has closed the sale of its CSA copper mine in New South Wales to Metals Acquisition Corp (MAC). Glencore received $75 million in cash and $100 million in shares, giving it a 20.6 percent stake in MAC at the time of closing. The...