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Green steel and iron: the MENA region could become a global leader
According to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA), the Middle East and North Africa (MENA) region could become a global leader in steel and the emerging green iron trade, as it has the potential to combine its leadership in...
Aluminium: the Irish company Aughinish Alumina, owned by Rusal, reported a loss of USD 167 million
Aughinish Alumina, a metal smelting company in Limerick, Ireland, owned by Russian aluminium giant Rusal, posted a loss of $167m in the last year, according to newly filed accounts. This is a decrease from the $378m loss reported in 2021. The Irish Shannon Estuary...
Copper: mining giant Ivanhoe Mines announces new mineral resources in DRC
Canadian copper mining giant Ivanhoe Mines recently announced new 'maiden' mineral resources for the Makoko and Kiala high-grade deposits at its project in the Democratic Republic of Congo (DRC). The company said Makoko contains indicated mineral resources of 16...
Steel: Chinese stimulus boosts prospects for 2024
According to Lee Kirk, managing director of Cargill Metals, steel supply and demand are in balance heading into the end of the year: global EAF production has been reduced due to increased Chinese exports this year, while expectations of Chinese stimulus strengthen...