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Gold production in the first quarter of Newcrest is declining
Newcrest Mining, Australia's leading gold producer, recorded a 1.7% drop in first quarter production on Thursday, but said it was on track to meet its 2021 production guidance. The company also reported that it expects an increase in gold and copper production in the...
Steel imports down 21.9% year-on-year in September
Based on preliminary data from the Census Bureau, the American Iron and Steel Institute (AISI) reported that the United States imported a total of 1,255,000 net tons (NT) of steel in September 2020, including 1,166,000 net tons (NT) of finished steel (-2.8% and -1.1%,...
China’s steel production will exceed 1 billion tons in 2020
Qu Xiuli, Secretary General of China Iron & Steel Association (CISA), predicted that China's crude steel production will exceed one billion tons or grow 3-5% over the previous year by 2020 due to strong demand.As for the last quarter, coinciding with the modest...
Trump removes Canadian aluminum tariffs, warning that it may reinstate them
U.S. President Donald Trump issued a proclamation on Tuesday, formally eliminating tariffs on raw aluminum imports from Canada, but threatening to reinstate them in the event of a surge in metal imports across the northern U.S. border. The proclamation follows an...