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Copper: Chile maintains plan for a new mining profit tax of up to 32% linked to prices
Chile's Finance Minister, Mario Marcel, presented a tax reform bill on Friday that increases royalties on copper mining for companies producing more than 50,000 tonnes per year and raises taxes on high incomes to finance social programmes and reforms proposed by the...
Volvo Cars to invest $1.25 billion to set up third European EV plant in Slovakia
The carmaker has decided to invest around €1.2 billion ($1.25 billion) to create a third EV production plant in Europe near Kosice, Slovakia. The plant, which will be Volvo's first new European production site in almost 60 years, is expected to be climate-neutral,...
Wire rod: prices in Italy continue to weaken
Italian wire rod prices continue to fall in a market lull that is not expected to end in July. The order books of distributors and wire mills are considered low and stocks remain high across the country. The stalemate is particularly felt in southern Italy, where...
HRC steel: have prices reached bottom?
Some market sources predicted that prices for hot-rolled coils were close to rock bottom, with some buyers ready to return to limited purchases once it was certain that the material would not depreciate in the short term. However, northern European mills have been...