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Iron ore: Kumba Iron Ore cuts production forecast due to rail crisis in South Africa
South Africa's rail freight capacity has collapsed, hampered by inadequate maintenance, a lack of spare parts and the theft of hundreds of kilometres of copper wire from railway lines, costing coal and iron ore exporters billions of rand in revenue. The lack of goods...
Steel: MMK Metalurji will gradually resume operations after the earthquake
MMK Metalurji, the Turkish subsidiary of Russian flat-rolled steel producer MMK, announced that it will resume operations following the severe earthquakes that hit the south-east of the country on 6 February. The company said that a team of experts had completed...
HRC steel: fundamentals still uncertain
Demand fundamentals for HRC steel still remain uncertain in the European market on 17 February, with buyers unwilling to commit to volumes in the face of an unnecessary price increase. One distributor made it clear that the perception of strong demand is likely due to...
Lithium: Mexican President Lopez Obrador orders ministry to intensify nationalisation
Mexican President Andres Manuel Lopez Obrador signed a decree on Saturday transferring responsibility for lithium reserves to the Ministry of Energy, after nationalising lithium deposits last April. During an event in Sonora, Lopez Obrador signed the decree ordering...