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Global Steel Scrap Market Moves At Two Speeds: Turkey Drives Demand While Asia Stays Cautious
Global Overview: Strong Turkish Demand, Asian Prudence In the week ending Friday January 16, the global steel scrap market showed mixed movements, with Turkey leading demand through aggressive winter restocking, while Asian markets remained cautious, despite often...
Bauxite Prices Extend Decline As Guinea Supply Surge Pushes Market Lower
Bauxite prices extended their downward trend in the week to Friday January 16, weighed down by rapidly expanding supply from Guinea and mounting cost-cutting pressure from downstream consumers, particularly alumina refineries. Market participants said that numerous...
Indian Steel Scrap Market Holds Steady Amid Domestic Demand And Global Pressures
In the week to Friday January 16, Indian steel scrap prices remained largely stable, supported by improving demand for finished steel in the domestic market. Market participants noted that firmer domestic fundamentals helped maintain a balance between supply and...
Ivanhoe Starts Up Kamoa-Kakula Smelter As Copper And Sulfuric Acid Take Center Stage
The new Ivanhoe Mines smelter at Kamoa-Kakula, in the Democratic Republic of the Congo, produced its first batches of high-strength sulfuric acid and initial copper anodes in late December, marking a strategic milestone for the entire Central African Copperbelt. First...