Loading
Nickel: world market in deficit in January-October 2022
Apparent demand for nickel metal exceeded production during the first ten months of this year, resulting in a modest deficit in the nickel metal market. The most recent data show that the world nickel market recorded a deficit of 116.6 kt from January to October this...
Steel: impact on production of destroyed Ukrainian power grids
Steel production in Ukraine suffered a major blow last week due to the ongoing conflict with Russia. Industry observers reported that several Ukrainian steel mills are facing production and rolling problems. Energy suppliers are rationing power distribution to major...
Zinc: stocks at record lows after a year of smelter challenges
Inventories of the metal at the London Metal Exchange (LME) stand at 36,525 tons, the lowest amount this century. Nearly 60 percent of this metal is for physical loading, leaving only 15,175 tons in stock, no more than a few hours of global consumption. Shanghai...
European Union: reached agreement on gas price cap
EU energy ministers have reached an agreement on a gas price cap of 180 euro per megawatt hour to "protect citizens from skyrocketing energy prices." The regulation, which will take effect Feb. 15, 2023, aims to limit excessive gas prices that do not reflect world...