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Copper and zinc: eight investors bid for Saudi mining site
Six international investors and two domestic companies have applied to bid for the exploration rights to the Khnaiguiyah zinc and copper deposit in Saudi Arabia. The bidding companies are Aditya Birla Group, Vedanta (both Indian), Norinco (China), Ivanhoe Electric...
Gold: G7 imposes import ban on Russian product
According to US President Joe Biden, the G7 plans to impose a ban on Russian gold imports. Gold is an important export that earns Russia tens of billions of dollars. Since Russian leader Vladimir Putin's invasion of Ukraine, the United States and other Western...
Steel: falling Chinese demand puts steel mills in a bad mood
Steel stocks are slowly piling up in warehouses in the country's largest steel hub, the northeastern city of Tangshan, and in Jiangsu and Shandong provinces. Demand for steel is declining due to pandemic closures and the paralysis of construction activity. Steel, a...
EU court upholds Commission’s Tata-thyssenkrupp merger ban
The General Court of the European Union has upheld the European Commission's 2019 decision that the proposed Tata Steel Europe-thyssenkrupp joint venture was incompatible with the internal market and the European Economic Area. The rejection of the merger had been...