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Steel: Eurofer cuts consumption growth forecast
Apparent steel consumption (ASC) in the EU is forecast to fall more sharply than expected in 2022, by 4.6 per cent year-on-year, compared to the previous projection of 3.5 per cent. According to the European steel producers' association Eurofer, consumption in 2023 is...
Rare earth: several countries vying for global domination
Rare earth prices have risen considerably over the past month, with a total average growth of 7.05%. The main factor influencing rare earth price forecasts in recent months has been the zero-COVID policy. As a result, China seems poised to resume its position as the...
Copper: MMG closes Las Bambas mine due to unrest
Mining company MMG Ltd was forced to close Las Bambas copper mine due to community unrest triggered by the ousting of President Pedro Castillo late last year, putting its plant in Peru, the world’s second largest copper producing country, under maintenance....
Iron ore: Vale’s 2022 production falls short of expectations
Brazilian iron ore producer Vale's production fell by 2% to 308 million tonnes in 2022, below its target of 310 million tonnes. It was stated that the delay in obtaining the Serra Norte mining licence and declining operating performance at the S11D mines contributed...