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Semiconductor industry: India and the EU sign a memorandum of understanding
India and the European Union (EU) have signed a memorandum of understanding (MoU) on semiconductors, with the aim of creating a strong supply chain, promoting innovation, and aligning both regions with developments in the semiconductor industry. Under the terms of the...
Aluminium: Saudi Arabia poised to seize global demand growth opportunity thanks to its solid infrastructure
The recently held Arab International Aluminium Conference (Arabal) in Riyadh presented many crucial insights, including that global aluminium demand is set to increase by 20-30% over the next seven years. Engineer Khalid bin Saleh Al Mudaifer, Deputy Minister of...
Tin: price hits seven-month low amid good supply and subdued demand
Tin prices fell to seven-month lows on Tuesday amid adequate supply and sluggish demand, which offset support from the weak US dollar. Quotations came under supply pressure as Chinese production remained stable, in addition to rising imports. The Wa militia of...
Steel: ArcelorMittal halts production in Bosnia following collapse in European demand
Falling demand for steel in Europe has led ArcelorMittal to temporarily suspend production at its plant in Bosnia. The company remains a major player in the steel industry, producing around 700,000 tonnes of steel per year and employing 2,200 workers. According to...
