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Copper-nickel-cobalt: Glencore reports production decline for 2023
Mining company Glencore announced that it has reduced copper, nickel and cobalt production in 2023 and signalled a further drop in production for this year. Copper, nickel and cobalt are materials used for electric vehicles, a key element of the energy transition....
Steel: Turkey’s exports and imports fall in 2023
According to preliminary foreign trade data compiled by the Turkish Statistical Institute (TurkStat) and the Undersecretariat of Customs, the country's foreign trade deficit stood at $6.04bn in December last year, down 37.8% from the same month in 2022. In 2023, the...
Critical minerals: Pentagon plans AI-based programme to estimate prices
The US Department of Defence plans to develop an AI-powered programme to estimate prices and forecast supplies of nickel, cobalt and other critical minerals, an initiative that aims to increase market transparency but throws up a new, uncertain variable in global...
Stainless steel: imports to Russia increased by 30.8% in 2023
According to a statement by Russia-based SpetsStal Association, the country's stainless steel imports exceeded 486,000 tonnes in 2023, an increase of 30.8% year-on-year. During this period, imports of cold-rolled stainless steel increased by 31.1%, hot-rolled...