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Copper: Barrick close to final agreement with Pakistan on $7 billion project
Barrick Gold said on Monday it was close to a final framework agreement with the Pakistani government for the development of the giant Reko Diq copper and gold deposit, near the borders with Iran and Afghanistan. The project, which hosts one of the world's largest...
Steel: Russian producers suffer losses in both export and domestic markets
All major Russian steel producers posted negative margins in June, with the industry actively reducing steel production and considering scaling back investment programmes. In June, Severstal posted a negative margin of 46% in exports, but a positive margin of 1% in...
HRC steel: price slightly down but sentiment moderately bullish again
Hot-rolled coil prices in Northwestern Europe fell slightly on 15 July to EUR814.50/mt, from EUR824.50/mt the previous day, despite some recovery in demand and production cuts in Europe. Steel mills in the region are expected to announce higher offers soon. One...
Oil/Coal: the increase in consumption in Germany will be temporary
Chancellor Olaf Scholz said Germany's decision to reactivate coal- and oil-fired power plants to alleviate the energy shortage caused by the war in Ukraine is only temporary and that his government remains committed to doing "everything" to combat the climate crisis....