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Nickel, SMM Forecasts Another Surplus In 2027 As Indonesian Recovery Offsets Demand Growth
The global nickel market is expected to remain in surplus in 2027, despite growing consumption in steelmaking and batteries. According to Sumitomo Metal Mining (SMM), recovering Indonesian production will help keep supply above demand, with an expected surplus of...
Japan Seeks Greater Autonomy For JOGMEC: Critical Minerals Security Also Requires Resources And Expertise
Japan is seeking to expand JOGMEC’s investment mandate to accelerate its search for alternative sources of critical minerals. The proposal would allow the public organisation to take direct stakes in projects without waiting for a private Japanese partner to commit,...
European HRC, Prices Rise But Orders Do Not Recover: Supply And Imports Support Mills
The European hot-rolled coil market opens October with gradually rising prices and commercial activity that remains subdued. Mills are strengthening their requests mainly through supply conditions and caution over foreign purchases, while end-demand continues to offer...
Australian Aluminium, Bell Bay Secures Power Until 2031: Electricity Agreement And Public Support Defend Production
Bell Bay Aluminium obtains a longer operating horizon and moves beyond the approaching expiry of its electricity contract. Rio Tinto and Hydro Tasmania have reached a five-year power supply agreement until December 31, 2031, while the Australian and Tasmanian...