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Aluminium: production cut in Yunnan starts to swing Chinese metal prices
As predicted earlier, the cut in aluminium production in Yunnan Province and weaker-than-expected demand recovery have caused metal prices to stall. Both the prices of primary aluminium ingots and aluminium alloys have remained shadowy so far. The price of Aluminium...
Aluminium: Rio Tinto signs agreement with BMW
Rio Tinto said on Tuesday that it will supply BMW with aluminium produced in Canada using hydropower, thus reducing the carmaker's carbon footprint when it comes to purchasing the metal for cars. The British mining company and the German carmaker announced in separate...
Pig iron and crude steel: Metinvest’s production falls in 2022
Ukrainian mining and steel production group Metinvest announced its operating results for 2022. For the full year, Metinvest's total pig iron production fell by 71.7% year-on-year to 2.74m tonnes due to lower output from the Mariupol plant. Production at the Azovstal...
ASEAN-6 economies grow despite unfavourable market conditions
The Southeast Asian Iron and Steel Institute (SEAISI) shared the macroeconomic results of ASEAN-6 countries for the third quarter of 2022. During the period under review, commodity prices fluctuated, interest rates rose and local currencies depreciated, in addition to...