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Nickel: Bindura Nickel Corporation’s production drops 24 percent
Bindura Nickel Corporation's (BNC) nickel production for April-June 2022 was 24% lower than the same period last year, mainly due to low-grade ore processed. In addition, the tons of ore mined in the quarter increased by 13 percent compared to the same period, due to...
Italy could inject 1 billion euros into Acciaierie d’Italia
Economic Development Minister Giancarlo Giorgetti announced that the Italian government could inject between 500 million euros ($509 million) and 1 billion euros into the ailing Acciaierie d'Italia, formerly Ilva. The funds will be released through the new "Aiuti Bis"...
Nickel: Indonesian tax will shake up export mix again
Indonesia is planning to reshape the global nickel market again. The country is the world's largest and fastest-growing nickel producer, used for both stainless steel and electric vehicle (EV) batteries. The country banned the export of nickel ore in 2020, forcing the...
Steel: German market detects low production and higher prices
According to data from the monthly steel market sentiment survey, German producers and operators expect prices to rise in August amid low supply and falling production levels. The survey saw operators and producers almost equally bullish on prices. Producers were more...