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Copper: supply crunch shakes metal prices
As already anticipated in previous articles the trigger for the price break-out is the news that Chinese copper smelters have decided to limit production in response to a much tighter than expected commodity market. Processing fees, the fees smelters receive for...
Steel: Biden opposes takeover of US Steel by Nippon
It is "vital" that US Steel remains a nationally owned and operated company, US President Joe Biden said in a statement on 14 March, signalling that the proposed sale of the company to Japan's Nippon Steel could face opposition from the White House. US Steel and...
Roadmap of European low-carbon steel production projects
By 2030, the EU must reduce carbon emissions by 55% compared to 1990 levels and achieve climate neutrality by 2050. With around 200 million tonnes per year of CO2 emissions, the steel industry is responsible for 5% of global emissions and is working towards the goal...
Silver: Indian banks block imports as duty differential boosts private trade
Indian banks blocked silver imports after private traders bought large volumes of the precious metal from the United Arab Emirates to benefit from a lower duty. India, the world's largest consumer of silver, imposes a 15% duty on imports of the metal. But the...