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Steel: US exports fell 15.1% in December
According to export data released by the US Department of Commerce, monthly US steel exports fell 15.1% in December from the 632,714 tonnes recorded in the previous month and 9.5% year-on-year to 537,108 tonnes. The value of these exports was $1.04 billion, down from...
Battery Materials: US to finance Redwood Materials with $2 billion
The US Department of Energy made a conditional commitment to Redwood Materials on Thursday for a low-cost $2 billion government loan to help build a $3.5 billion battery materials recycling and remanufacturing complex in Nevada. Energy Secretary Jennifer Granholm said...
Copper: exploration budgets increase
Total copper exploration budgets increased by 21% to just under USD 2.8 billion in 2022, the highest level since 2014. The increase was driven by the strong recovery in the price of copper after hitting multi-year lows at the start of the global pandemic. Copper...
Nickel: Trafigura suffers $577 million loss
Commodities trader Trafigura Group will incur an expense of almost half a billion dollars in the first half of 2023, after discovering that some nickel cargoes purchased did not contain the metal they were supposed to. The Geneva-based company said the 'systematic...