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Aluminium: Shandong Nanshan could expand $6 billion Indonesian site
China's Shandong Nanshan plans to expand its new Indonesian alumina plant into a $6 billion aluminium smelting complex by 2028, which would be one of the largest foreign investments in the resource-rich nation. Shandong Nanshan is part of a growing group of private...
HRC steel: European buyers restrict trade
Activity in the European hot-rolled coil (HRC) market was restrained on 11 May, as buyers avoided bookings after recent import price drops, believing that prices have not yet bottomed out. Major domestic steel mills, particularly those in northwestern Europe, did not...
Alumina: surge in Russian imports from India
According to the latest data from the Indian Government's Ministry of Commerce, indian alumina exports to Russia surged to 0.258 million tons in the April-February period of the financial year 2022-23 from 0 in the previous period. Russia is one of the world's leading...
Cobalt: Indonesia emerges as a powerhouse due to increased demand
Demand for cobalt is set to more than double by 2030 to 388,000 tonnes due to the rise of the electric vehicle (EV) sector. According to the agency's Benchmark report of 10 May, commissioned by the Istanbul, Turkey-based Cobalt Institute, the outlook implies a...