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Iron ore: Vale’s 2022 production falls short of expectations
Brazilian iron ore producer Vale's production fell by 2% to 308 million tonnes in 2022, below its target of 310 million tonnes. It was stated that the delay in obtaining the Serra Norte mining licence and declining operating performance at the S11D mines contributed...
Stainless steel: Chinese production falls by 2.02% in 2022
The China Association of Special Grade Steel Producers (CSSC) has reported that the country's crude stainless steel production in 2022 dropped by 659,000 tonnes or 2.02% year-on-year to 31.98 million tonnes. In the year under review, the country's apparent consumption...
Copper: Glencore’s production fell
Glencore's copper production fell 12% in 2022 due to problems at its Katanga open-pit mine in the Democratic Republic of Congo (DRC). The London-listed company said it produced 1.06 million tonnes of copper last year and kept its forecast for 2023 unchanged at 1.04...
Industrial metals: the sector follows the trend of the Chinese stock market
The Chinese stock market reacted to Beijing's turnaround on COVID infections with a surge in prices, particularly for technology stocks. Due to the strong correlation with the stock market, metal prices have continued to rise since December. The expectation is that...