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Nornickel and the New US Sanctions: Implications for the Russian Mining Giant
Russian mining giant Nornickel, one of the world's leading producers of palladium and high-grade nickel, now faces a new set of sanctions imposed by the United States. These sanctions, announced on 23 August 2024, hit several subsidiaries of the group, including...
Canada Imposes Additional Taxes on Imports of Steel, Aluminium and Electric Vehicles from China: A Move to Protect the Domestic Industry
The Canadian government has announced a series of significant measures to protect its domestic industries from the impact of Chinese trade practices, which are deemed unfair. Starting in October 2024, Canada will impose a 25% surcharge on steel and aluminium imports...
The Decline in World Crude Steel Production In July 2024: Global Trends and Future Implications
In July 2024, global crude steel production contracted significantly, dropping 4.7 per cent year-on-year to 152.8 million tonnes. This figure, reported by the World Steel Association, reflects a negative trend that characterised the global steel sector during the...
Increasing Primary Aluminium Production in Europe: An Analysis of Trends and Future Prospects
In July 2024, primary aluminium production in Europe increased significantly, with a monthly increase of 3.66% and an annual increase of 3.82%, reaching a total of 595,000 tonnes. This figure, provided by the International Aluminium Institute, reflects an improvement...