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SSAB steel mill reports possible job cuts in Finland due to falling demand
Swedish steel producer SSAB will begin talks with trade unions to further modify its workforce in Finland due to continued weak demand. SSAB said that the aim of the measures at the Raahe steel mill is to cut costs by at least EUR 10 million (USD 10.6 million) per...
Copper: KoBold Metals plans new mine in Zambia
California-based KoBold Metals, whose backers include billionaires Bill Gates and Jeff Bezos, said it plans to start producing copper and cobalt at a project in Zambia within 10 years. KoBold is spending around $150 million to accelerate the search for additional...
Aluminium: Hydro relies heavily on low-carbon metal
LME aluminium prices fluctuated sideways trend throughout August, rising a modest 1.69% month-on-month. Meanwhile, prices showed movement within a narrow range. Hydro focuses on low-carbon aluminium: will the market reward the company's strategy? Hydro Extrusions...
Steel: robust exports and stable domestic demand keep production in China strong in 2023
Robust steel exports from China have emerged as one of the main factors supporting steel production, at a time when demand activity from the country's main steel consumer - the real estate sector - has been muted for most of this year. In addition to exports, a decent...