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Indian steel producers will be hardest hit by EU carbon tax
US investment bank Goldman Sachs said that the EU's new carbon tax will hit Indian steel producers the hardest due to rising sales in the region and increasing carbon intensity. According to the report, India could face an additional tax of $102-109/tonne on steel...
Plastics: possible crisis for the German industry
In 2023, the German plastics processing industry ended the year with a turnover of EUR 72.5 billion, a decrease of -6% compared to the previous year (EUR 77.1 billion). The outlook for this year is not promising. Sales in the domestic market fell by -9.4 % to EUR 42.3...
Nickel: Australia adds metal to critical minerals list
Australia has added nickel to its list of critical minerals, predicting that weak prices for the battery metal will continue to put pressure on operators until 2024. On 16 February, Resources Minister Madeleine King announced the expansion of the critical minerals...
Aluminium: weak European demand remains a key obstacle to market recovery
According to Norwegian company Norsk Hydro, weak European demand for aluminium remains a key obstacle to market recovery. Norsk Hydro announced adjusted earnings before financial items, taxes, depreciation and amortisation (EBITDA) of NOK 3.74bn ($352m) in the fourth...