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Copper: prices under pressure from poor demand prospects and rising supply
Copper prices continued their downward trend as the market focused on the deteriorating demand picture in China, the main consumer, increasing supplies and growing inventories in LME-approved warehouses. The three-month benchmark copper on the London Metal Exchange...
Steel: Ukrainian steel mills suffer 54% drop in production due to Russian invasion
Ukrainian steel mills recorded a 54% year-on-year drop in crude steel production for the first four months of 2023. This figure comes directly from a report published by the local association Ukrmetalurgprom. The association found that steel mills operating in the...
G7 leaders call for enhanced climate response and gas investments for energy security
The G7 emphasised the need for major economies to accelerate climate action while ensuring energy security through measures including investments in the gas sector in response to the current energy crisis and potential gas supply shortages. The G7 Hiroshima Summit...
Mongolia will supply critical metals to France
Mongolia will supply France with the critical metals it needs for its energy transition, President Emmanuel Macron said on Sunday during the first visit by a sitting French president to Ulaanbaatar. "We have decided to work together to strengthen our energy...