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Iron ore: India removes export tax on low-grade product
India has lifted taxes on exports of low-grade iron ore and some intermediate steel products as of Saturday, after months of complaints from steelmakers about lost sales opportunities abroad. The measure, set out in a notification issued late Friday evening, cancels...
Aluminum: Mozambique’s exports to EU could be subject to carbon taxes
The EU's planned Carbon Border Adjustment Mechanism (CBAM) poses a significant risk to Mozambique, a southern African nation, especially for its aluminum exports to the EU. Aluminum is the country's most important export commodity, accounting for up to 25 percent of...
Nickel: Indonesia would like to create a group similar to OPEC
Indonesia's proposal to create an organization to control nickel production and prices, along the lines of OPEC, would be a tall order because production is controlled by private companies, not governments. The proposal to "coordinate and integrate nickel policy" as...
Steel: US and EU producers form coalition to reduce carbon emissions
A coalition of steel producers from the United States and the European Union has formed to urge authorities to adopt stricter carbon emission standards for steel production. The Global Steel Climate Council (GSCC) is composed of several leading U.S. and European Union...