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Industrial metals: China’s stimulus boosts optimism
China's economic stimulus machine is already driving up prices of key commodities such as iron ore, steel and copper, although some doubts remain about the speed and effectiveness of the stimulus measures. North China's benchmark 62 percent spot iron ore rose Monday...
European Union imposes sanctions on UAZ and Kamaz
The European Union has imposed sanctions against Russian automaker Ulyanovsk Automobile Plant (UAZ) and truck manufacturer Kamaz. The move is due to the possible use of their automotive equipment by the Russian military in Ukraine. The document states that UAZ refers...
Hrc steel: EU market remains bearish due to lack of demand
The European hot rolled coil market was bearish on June 7 due to low demand from end users and distributors. Hrc North European hot rolled coils stood at 944 euro/ton on June 7, 2022, down 33 percent from the period highs at 1,410 euro/ton on March 25, 2022....
Rare earth: as demand increases, China may stop exports
China, the world's largest producer of magnetic rare earth oxides, may stop exporting this group of minerals within the next decade due to rising domestic demand and global supply shortages. Global demand for rare earths, used in a range of applications including...