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HRC steel: European product moves sideways amid summer slowdown
The European hot rolled coil market remained sideways on 4 August, due to the absence of most players in the market in the short term. Some sources said that mills are hinting at future price increases after the summer, when restocking activities are expected, but...
South Africa’s mining production falls further below pre-pandemic levels
South African mining production has fallen further below pre-pandemic levels due to persistent power outages and rail disruptions, industry data show, putting dividend payouts to investors at risk. South Africa is the world's largest producer of platinum and chromium...
Aurubis optimistic about full-year profit due to 20 percent increase in quarterly earnings
Aurubis AG, Europe's largest copper producer, reiterated its forecast for a strong underlying profit for the current fiscal year after quarterly profits rose 20 percent. Aurubis reiterated its forecast of an operating profit before tax (EBT) of 450 million-550 million...
New mining permits boost Peru’s coffers
Following the approval of several mining permits that had been pending, in some cases for years, Peru's coffers have received $600 K. According to a release from EESI (Specialized Investment Monitoring Team), an agency of the Ministry of Economy and Finance, Teck...