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Steel: weak Asian demand will limit global price recovery
China, responsible for about half of the world's steel production, is suffering from a prolonged period of low market activity. Economic growth is negatively affected by the authorities' zero-Covid strategy. In addition, supply chain difficulties and financial...
Copper: with mining on the rise, smelters can’t keep up
Copper mines are increasing production after several years of anemic results. But it may not be enough to significantly lift inventories from historically low levels, keeping supplies tight in a critical market for the energy transition. The reason is a bottleneck in...
Copper: Codelco forecasts a deficit of 8 million tons by 2032
Chile's state-owned mining company Codelco, the world's largest copper producer, warned Thursday that global shortages of the metal could reach eight million tons by 2032 as soaring demand continues to offset new project numbers. Maximo Pacheco, chairman of Codelco's...
Australia will become “more assertive” on foreign investment in critical minerals
Australia, a major supplier of lithium, is set to become more selective about who it lets invest in its growing critical minerals industry, Treasurer Jim Chalmers said Friday. Australia, a major supplier of key minerals for the energy transition, such as rare earths,...