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Italy approves funds to rescue Acciaierie d’Italia
In a new decree "Urgent Measures for National Strategic Installations," the Italian government has approved the injection of 1 billion euros ($1.06 billion) for the struggling steelmaker Acciaierie d'Italia (ADI), the joint venture formerly known as Ilva between...
Copper: prices rebound on news of Chinese investments spurring short covering
Copper prices rebounded Thursday to break a four-session losing streak, as bearish speculators reversed their positions after news of new investments in China, the leading metals consumer. Benchmark copper futures on the London Metal Exchange gained 1.64 percent to...
Aluminum: Alba sets a production record of 1.6 million tons in 2022
Aluminium Bahrain B.S.C. (Alba) set a new production record ended 2022 on a positive note, setting a new production record for primary aluminum. In 2022, Alba's smelters produced 1,600,111 tons of primary aluminum. Last year's total exceeded the 2021 total of...
Steel: Russia will dominate the Black Sea market in Q1
With Ukraine's steel production infrastructure destroyed, stopped or under Russian control, the Black Sea export market is unlikely to return to prewar patterns anytime soon, and prices in the region will predominantly reflect Russian exports for the foreseeable...