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Energy transition: $10 trillion investment needed for Goldman Sachs
According to Goldman Sachs, 10 trillion euros ($10.24 trillion) of investment will be needed for Europe's energy transition by 2050, which can be fully recovered through savings from net energy imports. Investment will accelerate and peak by 2035, driven largely by...
Refined tin: Chinese imports down in June
China's imports of refined tin halved in June as wide arbitrage disappeared in the face of weaker demand for the metal. In September 2021, prices on the SHFE surpassed those on the LME to open up import arbitrage, favoring the metal's entry into China. During this...
Aluminum: Romanian producer Alro closes refinery due to “prohibitive” energy prices
Romanian company Alro, one of the largest vertically integrated aluminum producers in Europe by production capacity, announced that due to high costs and poor energy availability, it is forced to change its vertical integration strategy and adapt to the new and...
Steel: Russia sells Ukrainian product originally intended for Italy and the UK
Ukrainian integrated steelmaker Metinvest said on July 22 that steel stocks at its Azovstal plants in Mariupol, which were affected by the bombing, as well as material in other Ukrainian plants and ports, had been taken and sold by Russia. According to details...