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European Steelmaking, 10 Million Tonnes Of Capacity Restarted: Investment Recovers, But Demand Remains Weak
European steelmakers are restarting plants and planning investment again, but the recovery in capacity does not yet coincide with a recovery in consumption. According to EUROFER, around 10 million tonnes of annual crude steelmaking capacity restarted in 2026 and...
European Copper, Aurubis Raises The 2027 Premium To 347 Dollars: Cathodes Rise And Supply Comes Under Pressure
The European copper cathode market is entering the annual contract negotiation season with rising physical premiums and metal availability that varies increasingly across regions. On October 14, Aurubis indicated a premium of $347 per tonne FCA for 2027 contractual...
Copper, Rio Tinto Offsets Escondida’s Decline With Oyu Tolgoi Growth: Concentrates Become Increasingly Scarce
Two mines, two opposing trends and a concentrates market that is becoming increasingly difficult for smelters. In the third quarter of 2026 Rio Tinto kept consolidated copper production substantially stable thanks to growth at Oyu Tolgoi in Mongolia, which offset the...
CBAM, New Study Warns European Steel: Higher Costs For Exporters And Limited Protection
The CBAM is intended to protect European production from competition from imported goods with a high carbon footprint. But the transition from free emissions allowances to the Carbon Border Adjustment Mechanism could leave precisely the industries that export outside...