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Ferrous scrap: trade of imported products in Pakistan is rocked by banking and currency problems
Traders in Pakistan's shredded ferrous scrap market have begun to avoid selling into the domestic market due to the rapidly deteriorating business environment. This was caused by the sharp depreciation of the Pakistani rupee in recent weeks and the low foreign...
Steel: Cliffs predicts recovery in demand for motor vehicles by year’s end
Cliffs CEO Lourenco Goncalves said demand for steel from the automotive industry is expected to improve by the end of the year, following a decline in steel consumption since 2020 due to lower vehicle production. "Starting in the second half of 2022, we expect to get...
Coal: ten dead and six injured after mine collapse in China
Ten people were killed, six sustained non-life-threatening injuries and one was uninjured after a section of a mountain collapsed at a coal mine in the northwestern Chinese province of Gansu. According to the state-run Xinhua news agency, the accident occurred at...
Copper: Chile rejects Anglo American’s second project in two months
Anglo American has suffered a new setback in Chile after Valparaiso's environmental commission, Coeva, rejected the company's $40 million continuing operations project for its El Soldado copper mine, 125 km north of the capital Santiago. Despite the support of the...