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Nigeria will only grant mining licences to companies working locally
Nigeria will only grant new mining licences to companies that submit a plan to process minerals locally, according to new guidelines being drafted. This is a change from Nigeria's decades-long policy of exporting raw materials as African governments take steps to...
Aluminium: US seeks to revive industry with new smelter
The United States will build its first primary aluminium smelter in 45 years. The Biden-Harris administration has awarded $500 million to Century Aluminum to build a new green, low-carbon smelter. The goal is to halt what US consumers such as Ford Motor and PepsiCo...
Copper: the short-term rebound gives way to further declines
Despite a rebound on Wednesday, 27 March, buoyed by production cutback plans agreed by major copper smelters in China and signs of stabilisation in the Chinese economy following improved industrial profits, copper prices triggered renewed weakness today. Three-month...
Coke: Australia lowers export prospects for 2023-2024
Australia has lowered its metallurgical coke export forecast for 2023-24 (July-June) to 161 million tonnes, down from an estimated 166 million tonnes in December 2023 (according to data released by the Department of Industry, Science and Resources on 28 March) due to...