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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...
Gas: supply risks drive up European price as global steel production falls
Energy - Supply risks push up European gas prices European natural gas prices reached their highest level since January. TTF prices rose by 4.2 per cent yesterday to almost €34.76/MWh. This came after Austrian energy company OMV warned that there is a risk that...
Copper: Rio Tinto faces lawsuit over Panguna mine in Bougainville
Thousands of people from Bougainville, an autonomous region of Papua New Guinea, have filed a class action lawsuit against Rio Tinto Plc and its former unit Bougainville Copper Ltd. for what they claim is historical mismanagement of the huge Panguna copper mine. The...
Iron ore: China’s imports are expected to reach a record high due to changes in global supply
Contrary to previous forecasts, China may import a record load of iron ore this year. With the fluctuation of the global iron ore price, this could have widespread ramifications. According to a recent report, market analysts say that Chinese ore imports this year...