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Japan imposes sanctions on 21 Russian companies
Japan has added 21 Russian companies to its sanctions list and banned exports of "chemical weapons-related" goods to Russia, the Japanese Foreign Ministry said in a statement. A statement posted on the Japanese Foreign Ministry's website said the government decided to...
Steel: world production down 3 percent in August
World crude steel production in August this year fell 3 percent year-on-year to 150.6 million tons, according to data from the World Steel Association (Worldsteel). In August, crude steel production in Asia totaled 112.6 million tons, down 0.2 percent, with China...
Copper: Glencore proposes loans to secure production at Mopani mine in Zambia
Glencore Plc and Zambia's state mining company could jointly lend $200 million to Mopani Copper Mines to help cover operating costs. Glencore, which owns Mopani until March 2021, is willing to lend up to $100 million as a short-term cash injection to Zambia's Mopani...
Aluminum: prices down after new US rate hike
Aluminum supply continues to shrink thanks to smelter closures caused by continuing energy shortages. Aluminum prices fell again after the Fed's latest three-quarter-point rate hike. In the short term, aluminum prices remain in a downward trend. Earlier this week,...