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Steel: Ascoval will reduce production due to high energy costs
Saarstahl Ascoval in Saint-Saulve, a French subsidiary of the SHS/Saarstahl Group, plans to cut production in half starting next month due to rising energy costs. The steel mill will shut down its electric arc furnaces for a few days a week over the next three months....
Crude oil: Indonesia could absorb Russian product
Prudent feedstock selection and crude stock adjustment are crucial operational strategies for Southeast Asian refineries in times of oil price volatility, prompting Indonesia to consider processing low-cost Russian crude and intensify efforts to upgrade its facilities...
Aluminum: falling demand prompts Hydro to partially reduce production at Karmøy plant
Falling demand for aluminum billets in Europe, due to adverse European economic conditions and rising energy prices, has prompted the Norwegian aluminum smelter to partially reduce aluminum production at Hydro Karmøy and Hydro Husnes. The move will result in a...
Rare earths: Lindian gets approval for project in Malawi
Lindian Resources will advance its plans to develop the Kangankunde rare earths project in Malawi after getting the green light from shareholders to acquire the site's owner, Rift Valley Resource Developments. Shareholders voted unanimously in favor of the purchase...