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Australia and the Risk of Losing Leadership in the Global Iron Market: The Call for Transition to “Green Iron”
Australia, the world's leading iron ore exporter, risks losing its dominant position if it does not quickly undertake a transition to “green iron” production. That's the message from Dino Otranto, CEO of Fortescue Metals Group, who issued a warning at the IMARC...
Nornickel Raises Production Forecast for 2024: A Perspective On the Future of Nickel, Palladium and Other Precious Metals
Nornickel, the world's largest producer of palladium and a major producer of refined nickel, recently announced an increase in its production forecast for 2024 for all metals. This strategic move is a positive signal for the precious metals industry, which is...
Strikes in the Metalworking and Electrical Engineering Sector in Germany: A Necessary Reaction to the Economic Crisis?
On Tuesday, October 29, 2024, workers in the electrical engineering and metalworking sectors in Germany will launch a series of strikes to pressure employers to raise wages. This decision was announced by the IG Metall union, which represents 3.9 million workers in...
Hot Rolled Steel (HRC) Market in Europe: Analysis and Prospects
In the European hot-rolled steel (HRC) market, prices remained relatively stable during the week of Oct. 25, despite manufacturers' attempts to push for increases. End-user demand was limited, curbing upward opportunities. However, several dynamics could influence...