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Steel: Cliff shuts down its largest blast furnace for 3 days of maintenance
The Cleveland-Cliffs integrated steel mill shut down its largest blast furnace for three days of scheduled maintenance, which began over the U.S. holiday weekend. The steel mill shut down blast furnace No. 7 at its Indiana Harbor steel mill in East Chicago, which has...
Metals: with China slowing down price volatility could extend into 2023
Several dynamics have driven metals prices this year. From the strength of the dollar to the war in Ukraine to the still ongoing energy crisis. However, as in the past two decades, the main recurring theme remains Chinese demand. As a producer and consumer of most of...
Nickel: LME claims to have saved the market from a $20 billion “downward spiral”
The London Metal Exchange defended its controversial decision to cancel billions of dollars of nickel trades in March as necessary to avoid a $20 billion margin call that would have sent the market into a "downward spiral" and threatened the survival of the exchange...
Lithium: Sibanye Stillwater plans to spend $616 million on project in Finland
Sibanye Stillwater's board of directors has approved 588 million euros ($616.22 million) in capital expenditures to advance its Keliber lithium project in Finland, seeking a foothold in the European battery metals market. The South African diversified company took...