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Steel: ArcelorMittal cuts demand forecast beating profit expectations
ArcelorMittal, the world's second-largest steel producer, on Thursday lowered its forecast for steel shipments this year after posting a better-than-expected second-quarter profit. The group said global steel demand, excluding China, is expected to grow by 1%-2% this...
Nickel: First Quantum starts production at Africa’s largest mine
First Quantum Minerals Ltd. has started production at what will become Africa's largest nickel mine, furthering Zambia's goal of becoming a key supplier of battery metals for the electric vehicle revolution. Production at the Enterprise mine, in the country's...
Tin: Stellar Resources is confident that the Heemskirk project will help offset the global supply crisis
Stellar Resources Ltd is confident that its flagship Heemskirk Tin Project, on the west coast of Tasmania, will be able to play a key role in meeting demand for new tin supplies from Organisation for Economic Co-operation and Development (OECD) first-tier countries,...
HRC steel: quota exhaustion could generate more demand
The near-critical level of the 'other countries' EU import quota for hot-rolled coils (HRC) could generate additional and unexpected demand for EU material, but it is unlikely that most EU mills will be able to take advantage of this due to their lead times. As of 25...