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Rare earth: several countries vying for global domination
Rare earth prices have risen considerably over the past month, with a total average growth of 7.05%. The main factor influencing rare earth price forecasts in recent months has been the zero-COVID policy. As a result, China seems poised to resume its position as the...
Iron ore: Vale’s 2022 production falls short of expectations
Brazilian iron ore producer Vale's production fell by 2% to 308 million tonnes in 2022, below its target of 310 million tonnes. It was stated that the delay in obtaining the Serra Norte mining licence and declining operating performance at the S11D mines contributed...
Stainless steel: Chinese production falls by 2.02% in 2022
The China Association of Special Grade Steel Producers (CSSC) has reported that the country's crude stainless steel production in 2022 dropped by 659,000 tonnes or 2.02% year-on-year to 31.98 million tonnes. In the year under review, the country's apparent consumption...
Copper: Glencore’s production fell
Glencore's copper production fell 12% in 2022 due to problems at its Katanga open-pit mine in the Democratic Republic of Congo (DRC). The London-listed company said it produced 1.06 million tonnes of copper last year and kept its forecast for 2023 unchanged at 1.04...