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Gas: supply risks drive up European price as global steel production falls
Energy - Supply risks push up European gas prices European natural gas prices reached their highest level since January. TTF prices rose by 4.2 per cent yesterday to almost €34.76/MWh. This came after Austrian energy company OMV warned that there is a risk that...
Copper: Rio Tinto faces lawsuit over Panguna mine in Bougainville
Thousands of people from Bougainville, an autonomous region of Papua New Guinea, have filed a class action lawsuit against Rio Tinto Plc and its former unit Bougainville Copper Ltd. for what they claim is historical mismanagement of the huge Panguna copper mine. The...
Iron ore: China’s imports are expected to reach a record high due to changes in global supply
Contrary to previous forecasts, China may import a record load of iron ore this year. With the fluctuation of the global iron ore price, this could have widespread ramifications. According to a recent report, market analysts say that Chinese ore imports this year...
Steel: Italian steel production down in April
In April, Italy's steel production stood at 1.7 million tons, still down in the yearly comparison, recording a 10.6% drop (a rate, however, slightly lower than the -12.6% drop in March). According to analysis by Federacciai, the Italian federation of steel companies,...