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Copper: nearly unbridgeable gap between demand for green energy and mining supply
The need for new copper supplies over 10 years is estimated at 9.7 million tons, from projects that have not attracted sufficient investment, have not been approved by the boards, or have not received the necessary government and environmental permits, to meet the...
Ferrous metals: market evolution still in progress
One of the main messages from speakers at the Ferrous Division meeting at the Bureau of International Recycling's (BIR) Autumn Round-Tables event held in Dubai, United Arab Emirates, in mid-October was that increased demand for ferrous scrap in the Indian subcontinent...
Steel: worldsteel forecasts demand recovery in 2023
According to Worldsteel, steel demand will contract by 2.3% in 2022, reaching 1,796.7 Mt, after increasing by 2.8% in 2021. In 2023, steel demand will recover by 1.0 percent to 1,814.7 Mt. The current forecast represents a downward revision from the previous one,...
Primary aluminum: market in deficit until August 2022
Total primary aluminum stocks declined over the eight-month period, closing at 598 thousand tons below end-2021 levels. The report on metal balances from January to August 2022, published by WBMS, indicates that the primary aluminum market closed in deficit by 797...