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Rare earths: profits of Chinese companies in the sector continue to decline
China's mining and processing industries continue to see a decline in profitability, despite the nation's attempts to maintain its grip on the critical rare earths market. One of the largest state-owned companies, China Rare Earth Resources and Technology, reported a...
Metal Scrap: market in balance
Scrap prices in Turkey showed little change in April, remaining between USD 380 and USD 390 per tonne CFR, i.e. including transport costs to the port of destination. The shortage of scrap supply was highlighted during the Irepas meeting in Berlin. This was attributed...
Nickel: US and Philippines aim for agreement to reduce Chinese dominance
The United States and the Philippines are discussing how to prevent China from dominating nickel processing in the South-East Asian country, a key supplier of this key metal for electric vehicle batteries. One of the measures under consideration is a trilateral...
Acciaierie d’Italia aims for 6 million tonnes of crude steel in the coming years
Acciaierie d'Italia is aiming for 6m tonnes of crude steel production at the largely closed plant by 2027. The commissioners told union officials on 29 April that they will build two electric arc furnaces with a capacity of 2 mln tons per year of liquid steel starting...